What are the alternatives to recruitment?

What are the alternatives to recruitment?

As the recruitment is a costly process, so many companies adopt below mentioned options:

•Overtime: Company take work from existing employees by offering them overtime with good salary and incentives.

•Subcontracting: Due to sudden increase in demand of the product any organization instead of expansion can go in contract with an outside specialist agency to carry out the work with mutual benefit,.

•Temporary or contract basis employee: Here company can hire employee on contract basis for a specified time period to meet short time demand.

•Employee leasing: Company can hire permanent employee of another organization who have the required skills, for a short period of time to meet short time requirement.

•Outsourcing: In this company can hire employees from an specialized HR firm which take care of everything for the employees from recruitment till exit including payroll.