Recruitment is not a constant process: E. Balaji

Recruiting industry is almost like a barometer of the way the economy functions. When the economy is doing well, companies are willing to invest in capital and people; they want to hire. In such a scenario they seek help of professional agencies who will help them find potential candidates with the required skill set. However, when the market is in a declining phase, one of the first industries to be hit is that of recruitment. The other aspect is the whole decision of how much of in-house recruiting team should a company keep and how much it should outsource to a third party. Sooner or later, companies that opt for in-house teams are faced with the question of redeploying, re-mobilizing and retrenchment once hiring requirement is over. Recruitment is not a constant process; it is cyclical in nature wherein sometimes companies opt for in-house team and at times third party recruitment firms.