By | Linq HR | www.linqhr.com
The rapid growth of the HR tech and outsourcing industry means there are many options to choose from. The HR tech market’s growth for instance, is projected to grow from $24.04 billion in 2021 to $35.68 billion in 2028.
Unfortunately, an ever-expanding HR marketplace doesn’t make things easier when it comes to choosing the right vendor.
Whether you’re hiring external recruiters or looking for the best HCM system, the process of identifying and screening vendors is challenging, and can be a major distraction from the everyday responsibilities of HR.
Top Vendor Sourcing Challenges for HR Professionals
Although HR can readily define the company’s needs, successfully identifying and engaging vendors remains a challenge.
Here are some of the top challenges which have the biggest business impact.
1. Lost Hours Identifying Vendors
Researching different vendors takes a lot of time and effort. It could take you days or even weeks going through vendor websites and brochures comparing product features.
