What is RPO
Outsourcing is the management and/or day-to-day execution of a business function by a third party service provider. Outsourcing can be provided on or off premises, in the same country or in a separate country. Recruitment Process Outsourcing (RPO), then takes outsourcing one more step to a specific department, in this case HR or personnel. RPO, also known as Employment Process Outsourcing is that subset of BPO which is very new, few people have heard of it, and only a handful offers it. In most organizations, the recruitment function is either assigned to various people in HR or is comprised of a dedicated group within HR. It is a critical function, which includes sourcing, assessment, interviewing, and sometimes new-hire administration and orientation. An effective RPO arrangement involves standardized recruiting processes and platforms for workforce planning, applicant tracking, and workflow. By specializing, an RPO firm can invest in the most efficient technology and processes. They also reap significant scale advantages in relationships with vendors in staffing search, online recruiting, recruitment marketing, background check and profiling, to name a few.
Prime Benefits of Recruitment Process Outsourcing
The biggest advantage of opting for Professional RPO is the cost-cutting factor associated with our services. Close on this benefit's heel is the fact that time required to search candidates, co-coordinate interviews and manage job offers can be diverted efficiently towards other aspects governing your business.
Outsourcing your HR needs to recruitment process outsourcing firm offers the following distinct advantages to offshore businesses
Cost
Cost savings - RPO is cost-efficient, saving over 50% when compared with contingency search fees. In addition, RPO vendors are held accountable for filling positions whereas contingency searches are not guaranteed. Cost savings over internal recruiting options can result if it is a situation where the RPO vendor has economies of scale, the right database of candidates and access to more candidates, and the right processes.
Extra resources
Some corporate human resources departments don't have the internal resources to devote to recruiting large numbers of employees at one time. When hiring needs outpace recruiting capacity, RPO can make sense for a company.
Focus
Many companies opt to outsource the recruiting of non-critical staff while continuing to recruit for managerial and higher level staff members. This allows the company's managers and human resources staff to focus their efforts on the company's core business while also ensuring a supply of high-quality staff members for all positions.
Access to industry best practices:
RPO firms are in the business of recruiting. Accordingly, they have certain tools and processes that many companies may not have. Until they engage an RPO firm, many organizations don't realize how high their hiring costs are and don't measure metrics like time-to-fill, cost-per-hire, quality of hire, etc. These metrics tend to get scrutinized closely with RPO firms and are typically part of a contract that you'd sign with an RPO vendor.
Diverse candidates
An ancillary benefit of RPO is that it aids in accomplishing diversity objectives. An RPO vendor can be held accountable for hiring a diverse group of candidates across multiple positions. This accountability may be more difficult for companies to achieve on their own since many companies end their search after meeting the first qualified candidate for a particular job opening.
R & D
RPO continually hunts for new processes and techniques that can add value to your recruitment process. RPO is always on the lookout for the latest developments that can be implemented on your accounts.
RPO offers expert help with securing a rich talent-pool at all levels of the recruitment process. Thus, recruitment process outsourcing is a smart choice for foreign business owners who are looking for sustained business benefits.
Securing the best talent
Organizations need to secure the best people quickly and efficiently to build a competitive advantage. We never settle for second best.
Removing administrative burden
By taking on the operational activities, we allow clients to focus on value-add and strategic activities.
Mitigating operational risk
We help organizations mitigate the risks associated with an inability to scale their business operationally to meet changing market demands, and the risks of non-compliance to legislative and regulatory change.
Source: http://www.ktrian.com/rpo.html
