Recruitment outsourcing in India
Staffing is one of the most crucial functions of every organisation. The effective working of any organisation depends to a large extent on the employees appointed at different management levels. The employees have the capacity to get your company to reach new heights of success.
In today’s competitive environment, an internal recruitment process is not a good option if you are in need of a large manpower with high qualifications and necessary skills. This is the main reason why most of the companies are hiring outside agencies for recruitment process outsourcing (RPO) to save on valuable time and resources.
Recruitment process outsourcing is a form of business process outsourcing (BPO), where an employer outsources or transfers all or part of its recruitment activities to an external service provider.
Growth of RPO market in India
In India, the number of organisations outsourcing their job recruitment processes is gradually increasing. The total percentage of recruitment processes that are being outsourced to human resource consultants, is also rising at a rapid rate. A recent survey confirmed that in India, just 8-10 percent of the companies are internally managing complete recruitment processes.
The Recruitment Process Outsourcing (RPO) market in India is projected to grow 12-17 percent in 2013.
Pure sourcing: In this model, the RPO provider, offers support services to on-shore recruiters to enhance their output and organisational effectiveness.
Cycle recruiting: In this model, the service provider performs the complete recruitment functions such as sourcing, screening, interview scheduling, appointment execution and even on-boarding for permanent and temporary positions. This method helps companies in minimising overall cost on recruitment process and increase their core competencies.
Advantages of recruitment outsourcing
Familiarity: Professional recruitment companies, have long been working with different companies which is why they are familiar with the different strategies and the effective recruitment tasks
Database: These agencies have a reliable database to do necessary researches. They also have certain benchmarks to make sure that all tasks are carried out really well to avoid erratic and inconsistent outputs
Specialists & experts: Recruitment outsourcing lets companies take advantage of the expertise that external recruiters have in tasks related to vetting and hiring workers like reading resumes, giving aptitude tests, performing background checks and conducting interviews
Time saving: Every hour companies spend calling potential employees and conducting interviews is an hour that could be spent developing products, evaluating new projects and finding ways to increase revenue. Recruitment outsourcing gives business managers more time to focus on other important matters
Economical: This is one of the top reasons why organisations choose an RPO solution. An RPO provider can reduce recruiting costs by streamlining staffing process. They help in cutting down payroll expenses, processing fees, training fees and other company costs that substantially build up in the long run
Candidate reach: Recruitment companies: with huge candidate database can broaden the pool of potential employees. This can result in selection of candidates that are more qualified and are a better fit for a company’s needs
Posted on May 24, 2013, in consultants, jobs and tagged human resource consultants, recruiting agencies, recruitment companies, recruitment for banking, Recruitment prospects. Bookmark the permalink. Leave a comment.