RPO The new Hiring Mantra of India Inc

After the huge success of the BPO sector in India which was responsible for the economic boom in India in the previous years. Yet again India Inc is all geared up for a variant of BPO called the RPO (Recruitment Process Outsourcing). According to the Recruiters Association this industry  is expected to become a $3.5 billion industry in India itself by the end of this fiscal year. This rapidly increasing industry has a simple mantra which is to manage and handle all the recruitment process of a company and basically takes off the headache and simplifies the process of hiring.

Though this outsourcing technique is widely adopted in the western countries, it is still new in India and is definitely going to be the future of recruitment process by all major companies in India. As a matter of fact many companies have already employed this model for their recruitment needs in India and also abroad. The major advantages of RPO is the cost spent by the HR department of the company is decreased, the quality of the recruitment is better improving your employer brand and a major amount of time spent on hiring can be used to improve the business strategies employed. These companies handle the job profiling, publishing the job requirements and also the interviewing process. The companies are sure of getting the best in the lot as the RPO companies have dedicated recruitment panels for each of their client who work 24×7 to find the best employees the company wants. The company can save up to 50% of their annual sum they spend on hiring by employing this model of hiring and also has to provide all necessary information on job openings and requirements to the RPO firm.

With a very competitive market and a lot of talented people ready to be hired companies like Wipro the third largest IT firm in India has its recruitment process outsourced to a company and is expecting its costs to be reduced by about 15 to 20 percent this fiscal year.

The Indian industry is quite mature and will welcome this new outsourcing technique in every part of the industry ranging from IT, Banking, Manufacturing and Retail also. With the current scenario where every company is looking out to cut costs outsourcing is one thing which every company will look out for.