Why Recruiters Are Seeking For Security Money Extension?
                     Why Recruiters Are Seeking 
For Security Money 
Extension?
Context 01 Introduction
What Have The Recruiters Asked For?
02
What Is The Security Money?
03
How Did The Manpower Companies 
04 Apply For a Plea?
Why Did The Recruitment Companies 
03 Fail To Return The Money On Time?
Introduction
• The pandemic has destroyed the world physically and financially. 
Many companies went bankrupt, had unsold inventory, or closed 
down stores. One of the victims was recruitment companies. 
• They are not much spoken off. However, they faced a huge loss.
What Have The Recruiters Asked For?
• Many manpower company in mumbai 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 overseas 
manpower recruitment companies have suffered because of this matter.
Why Did The Recruitment Companies Fail To Return The 
Money On Time?
The answer is simple – The Pandemic. The 
Pandemic has destroyed the employment of many Less Demand
people. With such less employment, it’s natural The demand and supply chain is broken in the market. 
that manpower companies will suffer and face Companies are asking for fewer employees as they 
can’t sustain the existing employees. Amidst this 
huge amounts of losses. How will they provide process, the present manpower companies are being 
even? referred less. Client companies are relying more on 
internal recruitment  and check over here best global 
manpower service mumbai .
More Loans And Expenses
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 has become a big 
challenge for everyone. 
Massive Losses
They have faced a massive amount of losses because of 
the pandemic. There are no signs of the end of the 
pandemic at a sooner or later date. Many manpower 
recruiters have faced losses because they could not send 
people abroad.
Conclusion
Alliance International is a recruitment company, providing manpower services in 
India. Be it global manpower services mumbai or any city, the damage has been huge. 
It’s difficult to ascertain when they will recover. When things get better, you must be 
rebuilding again. Contact us today!
Conclusion
Alliance 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 : [email protected]
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