A company was facing a tough market and for last three quarters the profits were not showing any improvement. The company decided to strategically cut costs across the organization.
Manpower was identified as the main cost center and the think tanks of the organization came up with a solution to decrease manpower cost. They decide to outsource their staffing requirement to an external vendor. For a start they would keep 20% of their staff on contractual basis and gradually increase the percentage. This decision would reduce many manpower overheads for the organization and save time and human resource required to manage the manpower related tasks.
The organization was already using KensiumHR modules – Recruitment, Training Management, Performance Management, and Employee Management. Therefore it was an easy call for the management to add on KensiumHR’s Contractor Management module.
The KensiumHR Contractor Module enabled the organization to:
The KensiumHR Contractor Module provided the much need tool for the organization to help reduce manpower management cost and have a flexible manpower pool which can be easily tailored as per the changes in market whether it demands further cost reduction or increase in manpower. This module enabled the organization to easily establish the new manpower model and seamlessly integrate the same with the existing system. It also allowed the organization to effectively coordinate with the vendors and ensure smooth execution of the employee contracts.