Recruitment is one of the significant aspects of an organization that determines a plethora of factors like growth, success, customer satisfaction, work culture, and longevity of the company. Recruitment may seem like a simple process of just filling a role in the organization, but it is a crucial process of carefully recruiting and selecting the perfect workforce that can add value to the firm’s purpose. Your personnel is your arsenal. Possessing the right mix of personnel provides an impetus to achieve maximum efficiency, optimum productivity, and become a core growth driver. It is of prime importance to have a faculty that best suits the firm’s objectives and goals.
In today’s age of cost-effectiveness, every organization is looking for a higher ROI (Return on Investment) with minimal operational cost. Outsourcing is one of the dominating trends in human resource management. The rationale for outsourcing HR is simple and clear: economizing finances, a better capacity to focus on strategic issues, access to technology and specialized expertise, and the potential for improved services. This is exactly where RPO companies assist in forming a dedicated workforce.
The RPO industry has witnessed propelling growth in the recent past. Since 2018, the RPO industry has seen a surge of 11-12% in the global market and is expected to grow at an annual growth rate of 18.5% from 2020 to 2027 to reach USD 20.77 billion by 2027. With the COVID-19 pandemic, RPO company has played a key role in transforming industries that need urgent specialized recruitment services.