Published By : 13 Apr 2016 | Published By : QYRESEARCH
As business structures become more complex, an increasing number of enterprises are exploring options to outsource certain process in order to focus on their core competencies. This has been a primary factor fuelling demand from the global recruitment process outsourcing (RPO) market.
Recruitment process outsourcing (RPO) is an important segment of the business process outsourcing (BPO). RPO is also known an employment process outsourcing. Under RPO, the employers or the companies outsource their recruitment responsibilities to a third party service provider. This outsourcing process is considered very beneficial for companies, since it helps them hire fresh talents, without having to spend much time on the long-drawn recruitment processes. RPO has been designed particularly to help companies tap the best talent without diverting its focus from core competencies. Hence, this service also helps companies to stay competitive in the market.
Once agreed upon, the RPO companies are responsible for performing operations such as vacancy monitoring, job posting, application tracking, maintaining database, candidate/resume searching, candidate screening/short listing, resume processing, and finding skilled recruiters
Increasing Availability of Fresh Talent Boosts Global Recruitment Process Outsourcing Market
With attrition rate across industries increasing at a primary pace, the demand from the global recruitment process outsourcing market is anticipated to rise significantly in response. The market has been also gaining from the rising number of fresh graduates and post-graduates. Consolidating desired talent to cater to the specific company needs is not a matter of joke. The recruitment process often involves much time and money. Additionally, many small sized companies may also lack the resource needed to take care of the recruitment process on-premise. The services offered by RPOs thus serve the purpose of helping companies consolidate the desired human resource without wasting much time. RPOs help companies in streamlining their recruitment process without deviating from their core competencies.
Understanding Company Requirements Essential for Success of RPO Services
However, understanding the desired profiles is a major challenge faced by RPO service providers. This is very important to be able to deliver results as per the expectations of the company. To achieve the same, the RPO service providers must coordinate with the companies and understand their specific requirements.