Finding talented and skilled candidates for the companies now days are a very tough thing for the recruiters. In the market, the level of competition is becoming so high among the recruiting companies, they are just giving full competition to each other by hiring the best talent in the market with different plans and business strategy. Staffing companies and RPO involves in the market with mutual benefits by finding the best talent under the guidelines of the organization or client requirement.
There are a lot of difficulties facing by recruiters in the past few years -:
- Unavailability (General online job portals and websites like Monster, Career Builder, Indeed, LinkedIn etc.)
- Quality hiring of human resource department
- Inability to manage expenses
- Inefficiency in meeting deadlines
- Improper decision making
- Lack of strength in partnerships
- Unjustified hiring of employees
Before we discussed about the RPO (Recruitment Process Outsourcing) , first we need to familiar with the words “Outsourcing” and “Offshore”
Outsourcing:- Outsourcing is a business in which one company hires another company or an individual to perform tasks related to the work process, handle operations or provide services.
Offshore outsourcing:- Offshore outsourcing is a strategic practice in which a business hires a third party supplier to perform work in a nation other than the one in which the hiring business primarily conducts its operations.
Similarly, with the Recruitment Process Outsourcing (RPO) is when some company give all or some of its temporary or permanent recruitment process to other company. And when we talk about the offshore RPO then its simply means, the Recruitment process for the client from the different part of the world with cost-effective benefits for the RPO clients.
RPO client:- Looking to hire candidates
RPO provider:- Providing outside recruiting services
RPO model explained in below diagram:-
As we discussed above we can say that Recruitment Process Outsourcing (RPO) is like a union or association formed for mutual benefit between the staffing company and RPO client.
Recruitment process Outsourcing has various benefits for candidate hiring some of these as discussed below :
Quality hiring Candidates
Reduce time of hiring
Trusted and trancparacny
Reduction in cost
Increase candidate quality
Handle Extra Load