Recruitment process outsourcing (RPO) is one of the most exciting
developments in recruitment for many years. Many Fortune 500 and Global 2000
companies have begun to increase their investment in recruitment solutions and
now recognise that attracting and retaining top talent is critical to their
success, particularly in a highly contested recruitment market.
In the US RPO has been a major revelation with many of the world’s biggest companies working with a recruitment partner to maximise their investment, efficiency and results while battling in the war for talent.
Although the bulk of the market is still largely consigned to North America, over recent years Europe has shown an increasing willingness to take trial RPO so that we now have a market worth in excess of £83.4 billion in 2005. By 2009 the market is expected to reach £113.3 billion, amounting to annual growth rate of 8%.
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This significant rise is due in no small part to the fact that a successful RPO programme has the ability to help clients move their processes from pure sourcing and screening through to recruitment, retention and performance management. In fact, covering the whole candidate lifecycle has become the ultimate aim of successful RPO. Even to the extent that outplacement and redeployment are now considered a strong staple for the best providers.
To find out how Hudson can help you improve the management of your recruitment processes contact:
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