What is RPO? Getting Started with RPO
As a Procurement leader in today’s business environment we are unique because we cover the entire needs( A/F, IT Operations, Engineering) , you are being asked for ideas on how to more strategically manage the talent in your organization. Whether you work in a mid-cap company where the right professional-level talent to grow multi-nationally is not in place, or a large-cap company whose fixed recruiting costs have saddled the business with unnecessary overhead, the pressure to optimize your talent supply chain is immense. So, you begin to wonder whether outsourcing recruitment to an outside company is a potential solution.
A Definition of Recruitment Process Outsourcing
First, you should understand the industry standard definition of RPO:
“Recruitment Process Outsourcing is a form of business process outsourcing (BPO) where an employer transfers all or part of its recruitment processes to an external service provider. An RPO provider can provide its own or may assume the company’s staff, technology, methodologies and reporting. In all cases, RPO differs greatly from providers such as staffing companies and contingent/retained search providers in that it assumes ownership of the design and management of the recruitment process and the responsibility of results.” -HROA
As you can see, there is a continuum of scope and scale to any engagement. Using HCCO RPO, you get a firm that has experience delivering solutions across the range of possibilities: Recruitment Process Outsourcing, Recruitment Projects, Contingent Workforce Solutions, and even Consulting Services. Each of these represents a different amount of cost, risk, and potential reward for your business.