HR Recruitment is the process of finding and hiring suitable candidates for job positions within an organisation. It involves analysing job requirements, sourcing candidates through various channels, screening and evaluating applicants, conducting interviews, making job offers, and facilitating the onboarding process. Effective recruitment practices are crucial for attracting and retaining qualified talent, ensuring the right people are in the right positions, and contributing to the overall success of the business.
The business activities that fall under HR Recruitment are:
Human resources consultancy (7490.14)
Human resources consultancy refers to a business activity where professionals or consulting firms provide expert advice and guidance on various aspects of human resources management to organisations. This can include areas such as talent acquisition, performance management, employee engagement, compensation and benefits, HR policies, and compliance. While HR Recruitment is a specific component of human resources, it falls under the umbrella of human resources consultancy because recruitment is a critical function within the broader scope of HR. Human resources consultants often offer recruitment services as part of their consultancy services. They assist organisations in developing effective recruitment strategies, sourcing and attracting qualified candidates, screening and evaluating applicants, conducting interviews, and making hiring decisions.
- Third-party Approval: No third-party approvals are required for this business activity
- Filing of Economic Substance Return: Business activity 7490.14 is exempt from this requirement.
- Anti-Money Laundering Compliance: Business activity 7490.14 is exempt from this requirement.
Provision of human resources for client businesses (7830.01)
This refers to a service where a company or agency supplies skilled workers or entire teams of employees to other organisations on a temporary or permanent basis. This service involves identifying, recruiting, and selecting individuals with the required qualifications and experience to meet the specific needs of client businesses. This activity falls under HR Recruitment because it encompasses the process of sourcing, evaluating, and hiring individuals to fill job vacancies within client businesses. The provider of human resources acts as an intermediary between the job seekers and the client organisations, handling the recruitment process on their behalf. They undertake activities such as job posting, screening candidates, conducting interviews, and ultimately placing the selected candidates in suitable positions.
- Third-party Approval: No third-party approvals are required for this business activity
- Filing of Economic Substance Return: Business activity 7830.01 is exempt from this requirement.
- Anti-Money Laundering Compliance: Business activity 7830.01 needs to satisfy this requirement.
