RPO stands for recruitment process outsourcing. It is a business model where a company outsources the management of the recruitment function (in whole or part) to a third party expert to drive cost, quality, efficiency, service, and scalability benefits.
The third party RPO vendor is responsible for placing people into that organization. When managed well with a quality provider, RPO can reduce time to hire by 40 percent and deliver cost savings of more than 50 percent.
Businesses choose an RPO solution to meet one or more of the following challenges:
An RPO is a selective to full outsource covering the direct hire needs and/or contingent needs of the business. At V2Value Biz, we shape an RPO to meet the client’s requirements and goals. Our RPO quality recruitment outsourcing program blends dedicated recruiters, technology, and best practice hiring processes to transform an organization's talent acquisition function. Aligned to your hiring managers, RPO solutions drive the end-to-end recruitment process from forecasting to sourcing, assessing, placing, on-boarding, and reporting while utilizing expertise, innovative technology, and key performance indicators.
Entering into an RPO means forming a partnership with a RPO specialist who will support and improve a company’s recruitment process. This is achieved by using a combination of the RPO’s expertise and experience in terms of people, systems and supporting technology. It’s a very different approach to purchasing a traditional transactional service from a recruitment agency focussed only on filling positions.
Where a business identifies a gap in the areas shown in the table below, then choosing an RPO over a traditional approach is likely to be more effective. Multiple studies show that RPO solutions, deliver results that are equal or superior to traditional approaches.
A RPO will focus on a blend of the following: