What is the truth about RPO?
We are all doing more work with fewer resources. In the U.S., worker productivity continues to grow 3% according to the latest figures from the US Bureau of Labor Statistics. That is a good thing, but it means companies, to know more Click Here departments, and employees have to be continually reinventing themselves, thinking about new ways to get the work done.
The HR department is no exception. According to Bloomberg BNA, HR spending has grown modestly, but an expansion of the employee population has driven down the per capita cost of the department’s programs and activities. HR continues to do more with less -- automating repetitive tasks, concentrating on activities that have a strategic impact on the organization, and looking for ways to reduce costs.
For example, the historic and conventional ‘advertise and apply’ model (where active jobseekers at that point in time apply to advertised vacancies) will be superseded by a ‘find and engage’ approach. This means entirely new strategies involving digital technology and data science analytics will be used to reach deep into candidate pools and examine large amounts of data to find suitable active and passive jobseekers. This will require large, on-demand job pools and experienced recruiters who will know how to use technology and mine these job pools effectively.
Adjusting to the ever-changing recruitment models are having HR departments take a hard, new look at Recruitment Process Outsourcing, or RPO companies. In many ways, RPO recruiting is more vital today than ever before, as it has morphed in response to the changing nature of work and the workforce.
Find out what is recruitment process outsourcing, what services are offered under RPO and the many benefits , More Info that comes with outsourcing your recruitment process to an experienced RPO service provider.
RPO or Recruitment Process Outsourcing is a form of business process outsourcing, where an enterprise transfers all or a part of its recruitment processes to an external service provider. An RPO service provider can manage your entire recruitment process or only one or two aspects of the process. RPO services are not like other outsourcing services, as working with a RPO service provider is customizable and consultative in nature.
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Recruitment process outsourcing came into being over ten years ago, when organizations started realizing that recruitment was posing a significant cost to their staffing requirements. Today, RPO is still new for a lot of business enterprises. While some companies may not realize that there are options in how recruiting is done, other enterprises may stick with traditional recruiting.
An RPO service provider will take on your recruiting functions and offer you with specific services that will improve your process and make it better. A few of the services would be, Process Mapping, Hiring and Training Managers, Third Party Vendor Management, Technology Consulting, Compliance Tracking, Candidate Research, Reporting and Audits to name a few.
An RPO service provider will assume the ownership of the design and the management of the recruitment process.
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