Kaplan and Norton 4 four perspectives of the balanced scorecard, Its Purpose & Benefits Balanced scorecard (BSC... Read More
Recruitment Outsourcing Process (RPO) and its advantages to the companies
Recruitment Outsoucing is a part of human resource processes is the latest practice being followed by middle and large sized organizations where they outsouce the recruitment process to some the Recruitment consultant, search and select companies or recruitment Specialist companies. The Recruitment Process outsoucing is commonly know as RPO is itself a huge industry itlself and their are lots of national and international companies are practicing and doing great business worldwide.
Outsourcing industry is growing at a high rate.
Outsourcing approaches towards the procedure in which an organization utilizes the master administrations of an outsider (by expert consultants) to deal with its enlistment while HR management can revolve around the key estimation of their ability.The ablities that are ordinarily outsources are the capacities that need mastery, applicable experience, information and best techniques and practices.
Significantly the organizations began to outsourcing their recruitment process,Transferring complete or incomplete piece of its enrollment procedure to an external consultant who is giving the recruitment services. It is commonly known as RPO i.e. Recruitment Process Outsourcing.Organizations are outsourcing their recruitment process right from the entry level jobs to the top level jobs.
The percentage of organizations outsourcing their enrollment forms is expanding at a quick rate.
Outsourcing organizations strive for providing cost saving benefits to their clients. the Main benifits to organizations, who has outsource their recruitment process,as it helps to save up to its 40 per cent of their recruitment costs. organizations are advanced towards quality of the recruits and the speed up the whole process. Not only this outsourcing makes the human resource professionals of organizations to focus on other HR and strategic issues.
Outsourcing also gives a planned step by step approach to the all process of recruitment, with decision making power of recruiting with the organization itself.
Advantage of Outsourcing Recruitment
- HR outsourcing supports the Human resource professionals of the organizations to focus on the strategic functions and processes of human resource management.
- Outsourcing organizations strive for providing cost saving benefits to their clients and also provide economies of scale to the large sized organizations.
Outsourcing is fruitfull for both the corporate organizations that use the outsourcing services as well as the consultancies that provide the service to the corporate. Along with increasing organisation revenues,profit , outsourcing process provides business opportunities to the service providers,contractors, to enhance the skill set of the service providers and exposure to the different corporate so, increasing their expertise level ..
The advantages accruing to the corporate are:
- Optimal resources utilization
- A satisfied and , hence, highly productive employees
- Turning the management’s focus to strategic level processes of HRM
- Structured and fair performance management
- Freedom from red tape and adhering to strict rules and regulations
- Value creation, operational flexibility and competitive advantage
Therefore outsourcing helps both the organizations and the consultancies to grow and perform better.
Applicant Tracking System- a big No to Recruitment Stress Gone are days when the recruiter in an organization used t... Read More
How to identify and apply performance management to get the best output from it? Performance management is one of the... Read More
What is whistleblowing? Importance and benefits of whistle blowing policy in Business Whistleblowing is ver... Read More
Job Analysis in hrm is a systematic exploration of a job, which not only helps to make a detailed description of the par... Read More