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Recruitment Process Outsourcing
A Growing Market
Recruitment Process Outsourcing (RPO) can be defined as:
Outsourcing or contracting out select components/processes within the recruitment management life-cycle.
RPO companies operate as a client’s internal recruitment function for a portion or all of its jobs. It integrates and leverages technology to provide measurable outcomes and streamlined processes at a significantly reduced cost to the client.
The logic of outsourcing non-core HR functions such as recruitment is that it enables organizations, and the HR community, to concentrate on more core, strategic key competencies, while letting experts concentrate on implementing process improvements and delivering efficiencies across the full recruitment process.
RPO is increasingly being considered the most popular solution in the domain of Human Resources Outsourcing (HRO). The worldwide HRO market will touch $80 billion by 2008, at a compounded annual growth rate of 12%. At this growth rate, the RPO industry will be worth around $30 billion.
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