Demystifying RPO Business Model

What is actually RPO business model? For comprehending this model, firstly let’s endeavor to chase its industry standard definition.

It is a kind of Business Process Outsourcing (BPO), where an employer transfers slice of or all its recruitment responsibilities as well as processes to an external provider. The RPO provider or external service provider mainly takes up the jobs of the human resources division of the company, but this particularly relates to recruitment merely. This exemplifies that the company with recruiting services (RPO provider) is more like a consultative as well as tailored extension of the parent company.

Some RPOs think all the recruitment functions and procedures of its esteemed clients while others are accountable only for meeting particular hiring requirements of a division or segment of employment. In either case, the RPO provider takes ownership of the whole recruitment life cycle. By vigilantly planning a strategy, they design as well as handle to enhance the hiring process of the client company. Few services rendered by the RPO provider : -

Quality Candidate Research:

A well planned hiring procedure is developed by RPO providers to acquire a best-quality talent pool. This results in maximum turnover, lesser attrition rate at initial levels, and thus, cost savings.

Compliance Tracking:

Subsequently a vigilantly structured, thorough hiring process makes sure compliant hiring method as well as streamlined results.

Reporting and Audits:

Best compliance trailing establishes the grounds for better reporting procedures as well as audits.

Hiring Manager Training:

Along with excellent quality hires, RPO providers see to it that the client emphasizes on premeditated HR initiatives for handling training and adding business value.

Process Mapping:

The RPO service providers plan to do more with less. Therefore, they make a creative, fully tailored as well as organized mapping method that helps them excel by using the individual strengths of esteemed clients to their benefit.

Technology Consulting:

RPO providers comprehend the technology, the market, and the client necessary to drive for the company’s team management requirements. Consequently, delivering actual results by leveraging advanced technology solutions forms a significant responsibility by RPO providers.

RPO providers do not only design and handle; they provide recruitment results. Thus, it makes work much simpler for companies as the RPO providers are held responsible to get quality hires on board.

For companies that want to enhance their recruitment procedure, RPO is absolutely the solution; and for good reason. The benefits of this business model are several. Let’s have a look at some of them.

• Lessens time to fill
• Minor recruitment price
• Enhanced candidate experience
• Constant and predictable recruitment procedure
• Relief of complex recruitment divisions / segments
• Enable the client company to emphasize on its chief business

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