This new theme on the block is called…. recruitment process outsourcing or RPO. Now, if some one asks what is actually recruitment process outsourcing, you can answer him straight, without much scratching your head. Again it’s a back end work but seems like some brains will be also needed. Read this:
Recruiters have to do a lot of back-end activities like searching for candidates from database and job boards, testing their skills, checking their backgrounds, testing them for drugs, screening their resumes, etc. Companies have now begun to outsource these back-end tasks to third parties — and this process has been grandly christened, like many before it, as Recruitment Process Outsourcing (RPO). RPO is also known as Employment Process Outsourcing.
The benefits:
1. Reduces the cost of operations
2. Increases the speed of recruitment
3. Frees up HR managers from back-end sourcing tasks.
Thus being saved 60% of the time. From chaffing through ton of resumes from inboxes, finding right profiles from job boards or data banks. So, a RPO, probably based in Bulgaria, Costa Rica or India will free up managers from such mundane tasks.
The worldwide HR market is big. Consider this
The worldwide HR outsourcing market is expected to hit $80 billion by 2008, and RPO, its sub component, will be worth $30 billion, according to Kelly HRfirst, a subsidiary of Kelly Services and one of the largest global RPO players. Another large RPO player is Kenexa.
Thursday, October 4, 2007
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