Global Manpower Agency Mumbai

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Recruiters Are Seeking For Security Money Extension? Why Recruiters Are Seeking For Security Money Extension?
Why

What have the recruiters asked for?

Many manpower recruiters have asked for a 2-year extension of the security money for two years. With the onset of the pandemic, they have suffered huge losses for which they cannot need an extension of the deadline.

What is the security money?

▸ You must be wondering what the security money is. This is the Bureau of Manpower Employment and Training (BMET) money for giving licenses.

The Bureau of Manpower Employment and Training (BMET) has returned 50 percent of the security money to the recruiters for a year. Unfortunately, recruiters with canceled licenses and confiscated money were not eligible for this loan.

How did the manpower companies apply for a plea?

▸ This decision was taken by the ministry of the Bangladeshi Association of International Recruiting Agencies (BAIRA).

▸ The problem arose because this committee got dissolved. Hence, these recruiters formed a union who collaborated with the Female Workers Recruiting Agencies Association of Bangladesh to make this plea to the Expatriates’ Welfare and check this link right here now top overseas manpower recruitment .

▸ This was a great idea to cooperate to ask for a plea. They have gone through a really difficult time for which they are suffering to pay off the debts.

▸ There has been a detailed discussion regarding this matter. Many global manpower agency mumbai have suffered because of this

Massive Losses

They have faced a massive amountoflossesbecauseofthe pandemic. There are no signs of the end of the pandemic at a sooner or later date. Many manpowerrecruiters havefaced losses because they could not sendpeopleabroad.

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Less demand

Why did the recruitment companies fail to return the money on time?

Thedemandandsupplychainis broken in the market. Companies are asking for fewer employees as they can’t sustain the existing employees. Amidst this process, the present manpower companies are being referred less. Client companies are relying more on internal recruitment and check over here best global manpower servicemumbai.

More loans and expenses

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Manpower companies have asked for loans from different institutions. It is completely obvious to ask for loans in this situation. The expenses are huge so it’s difficult to sustain all. Paying rents to an employer’s salary hasbecomea bigchallengeforeveryone.

Contac t UsAlliance International Address : B-707 MONDEAL SQUARE Sarkhej Gandhinagar Hwy, Prahlad Nagar, Ahmedabad, Gujarat 380015 Mobile No : +91 8980018741 Website : www.allianceinternational.co.in Email Id : sales@alliancerecruitmentagency.com

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