“Recruitment Process Outsourcing is a form of business process outsourcing (BPO) where an employer transfers all or part of its recruitment processes to an external service provider. An RPO provider can provide its own or may assume the company's staff, technology, methodologies and reporting. In all cases, RPO differs greatly from providers such as staffing companies and contingent/retained search providers in that it assumes ownership of the design and management of the recruitment process and the responsibility of results.”
Recruitment Process Outsourcing(RPO) is maturing to be a viable business model for many corporate today. Most of the companies are outsourcing their recruiting process to an external provider or outsourcing firms. This type of process is called as RPO (Recruitment Process Outsourcing) and it is an end-to-end function. Outsourcing firms will acts like intermediaries between candidates and companies. The recruitment process outsourcing will saves the cost, time and improves the quality of recruitment, by getting the right candidate against the company requirement.
The benefits of RPOs are :
Cost: The cost of recruitment reduces by using this process. The RPO providers use the economies of scale in recruitment process. The companies can reduce their cost on resources.
Quality: Recruitment is a time required and labor intensive process. Companies require different skill set of people for different positions. Sourcing and recruiting is a challenging job. Recruitment process outsourcing improves the quality of recruitment. . RPOs source all types of candidates for the organization.
Speed: RPO providers reduce the time on recruitment process. They can source candidates from their reliable sources, database and they do not require the advertisement for specific position.