Recruitment is a foundational component of positive business growth. Large businesses will usually have internal talent acquisition teams. When a company is too small or doesn’t have the resources for an internal talent acquisition team, they must consider recruitment process outsourcing.
Most people have worked with or through a staffing agency at some point in their careers. But, with the accelerated growth of the online recruiting market and new AI-based innovations landing each year, alternatives to traditional staffing solutions have arisen. Agility in the recruitment market is critical to meet the needs of the evolving industry.
The global recruitment process outsourcing market is expected to reach 14.5 billion over the next six years. In this article, we’re going to look at what recruitment process outsourcing is, how it varies from staffing agencies, and what it means for this rapidly growing market space.
Recruitment Process Outsourcing
Recruitment process outsourcing providers (RPOs) help businesses offload the recruitment cycle. RPOs are external talent acquisition providers for businesses without substantial recruiting departments.
The RPO service provider will inherit either the entire permanent recruitment process or a significant piece of it. This is dependent on the terms of the contract.
More businesses are entering
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