Close Menu
Human Resources Mag
  • Home
  • News
  • Management
  • Guides
  • Law
  • Talents
  • Benfits
  • Technology
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
What's On

What Is Global Human Resource Management (GHRM)?

July 3, 2025

AI agent adoption is lagging. Experts explain what HR can do

July 3, 2025

Woman employee at Infosys exposes harassment attempt, leads to arrest and internal review —

July 3, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Human Resources Mag
Subscribe
  • Home
  • News
  • Management
  • Guides
  • Law
  • Talents
  • Benfits
  • Technology
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
Human Resources Mag
Home » Maximizing Value and Minimizing Risk
Technology

Maximizing Value and Minimizing Risk

staffBy staffFebruary 28, 20253 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
Follow Us
Google News Flipboard
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

In a challenging labor market, the latest feature to be added to talent acquisition ecosystems gives employers access to a wider pool of applicants via an open marketplace. As an alternative to scouring traditional recruitment agencies for job candidates, the crowdstaffing tool enhances HR sourcing by simplifying the process of attracting and hiring employees.  For smaller companies, swapping an in-house team for outsourced solutions can be a more efficient and cost effective strategy. However, whether HR is managed by an external provider or remains in-house, its strategies can be improved with the use of shared tools and expertise that help to reduce the costs of workforce management and the risks associated with recruitment.

Enhancing the Procurement Procedure

A recent survey carried out by the managed service provider Parsec, found that over 50 percent of UK organizations plan to outsource more business processes in 2025. In addition to cutting costs, hiring a specialist third party for HR functions can help to reduce compliance risks and minimize errors in payroll. Companies can ask third parties to pitch for business in workforce management or employee engagement with a template for a request for proposal (RFP). In order to match with the most appropriate service vendor, RFPHub recognizes the need for companies to focus on customizing their own specific requirements. Supporting clients with regularly updated and comprehensive templates can help to minimize misunderstandings with potential vendors, ensure healthy competition and improve the efficiency of the whole selection process.

Managing Expenditure Through Collaboration

Even if HR remains in-house, this doesn’t mean that it has to act alone. While the personnel department has talent acquisition and workforce management covered, sharing expertise with financial departments can help to ensure its compliance with regulations and adherence to a suitable budget. As the strength of procurement lies in expense and supply management, a collaboration with this internal department can result in greater cost and operational efficiency. With greater experience in negotiating with third party vendors, procurement can also help to ensure that contractual terms are followed correctly. 

Streamlining Recruitment Processes with AI

The Parsec survey revealed that businesses thinking about outsourcing processes are also more aware of the opportunities to save money and improve their services with innovative technology. AI is increasingly used in recruitment strategies where its objective evaluation of applicants promotes fairness as it removes the risk of human biases.  When large numbers of candidates are involved, AI is a useful tool for screening and conducting initial interviews especially for smaller companies who are in the process of scaling up their recruitment. Every candidate has the opportunity to showcase their abilities while HR is able to focus only on the most promising candidates. 

 While smaller companies might choose to completely outsource recruitment and other HR responsibilities, any competitive business can enhance their strategies for recruitment and personnel management when they reach beyond their own capacity to access a  growing number of tools and resources that can help them to improve efficiency, cut costs and reduce the risk of non-compliance with contractual requirements.

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link

Related Articles

Tips for a Safe and Smooth Solo Travel in Indonesia

June 23, 2025 Technology

How the Arts Continue to Inspire the Next Generation

June 23, 2025 Technology

How Tokenization is Redefining Financial Trust in 2025

June 23, 2025 Technology

How Creating Adoption Benefits Can Foster a Healthy Work Environment

June 23, 2025 Technology

How to Mitigate Further Damages After a Truck Accident in Texas

June 23, 2025 Technology

Is Talkymood Legit and Safe in 2025? Our Honest Review

June 20, 2025 Technology
Top Articles

Accused of fraud, murder, fired exec awarded $500,000, 24 months’ notice

January 9, 202498 Views

5 Best Learning Management Systems in 2025

February 11, 202591 Views

Canadian Tire store under investigation for alleged exploitation of temporary foreign workers

October 2, 202491 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest News

Mishandled misconduct undermining workplace culture, business: expert

staffJuly 2, 2025

Elite HR leaders and top employers to be recognized in new national reports

staffJuly 2, 2025

Public sector workers offered paid leave to be Canada Games volunteers

staffJuly 2, 2025
Most Popular

What Is Global Human Resource Management (GHRM)?

July 3, 20250 Views

AI agent adoption is lagging. Experts explain what HR can do

July 3, 20250 Views

Woman employee at Infosys exposes harassment attempt, leads to arrest and internal review —

July 3, 20250 Views
Our Picks

Mishandled misconduct undermining workplace culture, business: expert

July 2, 2025

Elite HR leaders and top employers to be recognized in new national reports

July 2, 2025

Public sector workers offered paid leave to be Canada Games volunteers

July 2, 2025

Subscribe to Updates

Get the latest human resources news and updates directly to your inbox.

Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact Us
© 2025 Human Resources Mag. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.