An Effective strategy to work with staffing companies Tip #3...Read More
The employee turnover of the company in Manufacturing company is high. How can they minimize cost of working with Recruitment companies?
The companies that see a higher turnover need to be constantly prepared to lose a worker, get a new one, train and then keep up with the production going without any stoppage.
In such situations, the role of HR Manager, internal or external Recruitment company can be a huge factor in keeping up with the productivity and operations smoothly running.
The profits of the company depend on keeping the cost low and maximizing productivity.
Thus a lot of companies have standard contracts with HR Recruitment companies or unions to maintain the supply of these employees as and when needed.
The cost of finding a replacement can further be reduced if the company enters into exclusive contracts with 1 or 2 companies and pay low upfront retainer for the same.