“The Global RPO market is estimated to reach $4.4 Billion by 2017”- Source- Manpower Group. RPOs used to be all about the time and cost of filling positions, but they are moving up the value chain. Now it is all about how to attract the right candidates to the organization. Efficiency will always be important. Companies today care more about the quality gains they can achieve from a business perspective. It has already been observed in recent times that business leaders including many CEOs are driving the talent agenda.
The recruitment industry and especially the recruitment process outsourcing (RPO) specialists is increasingly making use of social media and analytics to deliver both efficiency and experience. These two important factors would be the new favorites, while looking for quality talent and strategizing to retain the talent. In the present socio-economic scenario, this model would be easily adapted beyond the mass hiring sectors to the niche hiring ones like core, pharma, and public services, etc. The RPO systems working on a strong technology platform has the capability to perform job-candidate matchmaking, deliver world class experience to all parties involved while simultaneously managing cost and time efficiencies