Sunil Goel, GLOBALHUNT says "Recruitment Process Outsourcing is when a provider acts as a company's internal recruitment function for a portion or all of its jobs. RPO providers manage the entire recruiting/hiring process from job profiling through the on-boarding of the new hire, including staff, technology, method and reporting”.
A clear demarcation between RPO and other types of staffing is Process. In RPO the service provider is the fulcrum of the process, while in other types of staffing the same is part of a process controlled by the organization buying their services.
Based on GlobalHunt’s experience towards RPO as a practice, there are a number of advantages of RPO.
1.Top notch Talent Pool
Competition for the most talented individuals is increasing. Organizations need to secure the best people quickly and efficiently to help them build competitive capability.
2.Cost reduction and removal of workload from the HR Administration
RPO providers take on the burden of operational recruitment activities, allowing organizations to focus on core value-creating and strategic activities. By transforming processes, utilizing best practice, and replacing a fixed cost base with a variable charging structure, RPO can significantly reduce the cost of recruitment. In regular staffing, you invest in salary, incentives, overheads, infrastructure cost and more. By outsourcing recruiting functions to Recruiting Junction, all you need to pay is a fixed monthly retainer fees (which is lesser than the salary of one in-house recruiter) along with a negligible commission. You can reduce up to 50% of your cost by offshore outsourcing.
3.Better Productivity and Quality
There are many stakeholders in a recruitment process; through improving processes and evaluating the right metrics and KPIs, RPO providers can provide highest quality services. By outsourcing your recruitment process to Recruiting Junction you get dedicated recruiters for each client, while in regular staffing, one recruiter handles many clients. In regular staffing the focus is lost, as recruiters serve bigger clients better. Our recruiter can provide undivided attention to your all your clients – big or small.
4.Reduce operational risks
Risks come in many forms, and the expert knowledge of an RPO specialist can help organizations reduce the risks associated with an inability to scale their business operationally to meet changing demand, and the risks of non-compliance to legislative and regulatory change .
GlobalHunt’s Service Overview: A total RPO process with its four pillars
Sunil Goel, GLOBALHUNT says “A properly managed RPO will improve a company's time to hire, increase the quality of the candidate pool, provide verifiable metrics, reduce cost and improve governmental compliance”.
Recruitment Process Outsourcing (RPO) is not new. How you should approach it is! Companies have been outsourcing segments of their recruiting process for years. It is second nature to outsource your background checking and drug testing. Your recruitment process has many tasks or otherwise transactional based activities that can be completed outside the organization, increasing efficiencies through economies of scale.
Author: GlobalHunt India "http://www.globalhunt.in", which is the Top Executive Search Firm in India – A Recruitment Consultants and Placement Agency For the recruitment and placement of some of the top talent with its clients in the IT, Telecom, FMCG, Financial Services, Banking, Real Estate and Manufacturing Industries etc .