Recruitment Process Outsourcing (RPO)
RPO provides a systematic approach for building a great team quickly
HR or Procurement leader in contemporary business environment, is constantly asked for strategic ideas on managing talent in the organisation . Whether you work in a mid-cap company which doesn’t have the right professional-level talent to become multi-national or a large-cap company whose fixed recruiting costs have saddled the business with unnecessary overhead costs. The pressure to optimize your talent supply chain is immense. These challenges make most HR believe outsourcing recruitment to third party the best solution.
What is Recruitment Process Outsourcing
First, you should understand the industry standard definition of RPO:
“Recruitment Process Outsourcing is a form of business process outsourcing (BPO) where an organisation transfers all or part of its recruitment processes to an specialized 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.
There is a continuum of scope and scale to any engagement with recruitment process outsourcing companies. Using Verto RPO, you get a firm that has experience delivering solutions across the range of possibilities: Permanent Recruitment, Recruitment Projects, Contingent Workforce Solutions, and even Consulting Services. Each of these represents a different amount of cost, risk, and potential higher ROI for your business.