We all know that recruitment is one of the most critical and time-taking jobs of an organisation because it deals with hiring people who will further contribute to its success.
Lawrence Bossidy, the former vice-chairman and executive officer of General Electric, said, “Nothing we do is more important than hiring and developing people. At the end of the day, you bet on people, not on strategies.”
So, it is clearly evident that every organization focuses its level best on recruiting people who can contribute to the growth of the organization. However, since this is such a tedious process and needs an expert approach, most of the organisations have started outsourcing their recruitment duties to RPO agencies who are an expert in this field.
However, with a continuous change in organizational needs, the kind of recruitment needs also evolve endlessly. In order to accommodate these evolving needs and to stay updated with the new developments.
The most commonly followed factors and trends are:
- Data analytics use- These data help the agencies to keep a track of the recruitment process. They also improve the hiring process by saving a lot of time. Since the details of the candidates are already available, the recruitment process is started as soon as the organisation needs a new employee. There is no unnecessary wastage of time in collecting the details of prospective candidates before starting the recruitment process.
- Real-time reporting- This process allows the recruitment process to remain transparent. It gives the organisation an idea about the status of recruitment. This, in turn, helps in maintaining a clarity and often makes the entire process more reliable and efficient.
- Analysis of the ongoing process- As a consulting partner they also help organisations to analyze their current recruitment process and detect any loopholes, if present. With the help of recent software, the existing hiring processes can be easily checked, and improvements can be made to strengthen them. This analysis helps the organisations to follow an upgraded hiring process and recruit better employees in future.
- Growth in revenue- When it comes to recruitment, RPO agencies are a lot more efficient than the HR department of the organisations. This is because unlike the HR department that has several other responsibilities, RPO agencies just focus on providing quality recruitment services to their clients. Therefore, instead of maintaining a big HR department, organisations prefer to outsource their recruitment from RPO agencies. Shrinkage of the HR department ensures a marked reduction in the expenditure of the company. Moreover, since the employees recruited by an RPO are much more skilled, they prove to be an asset for the company and help to increase the overall revenue of the organisation.
