With the country undoubtedly set to experience a talent shortage of around half million people in the next few years, there is one industry which is all set to cash on the scarcity of manpower. This is the industry which is going to give the crying managers from all verticals a solution so that they can fill manpower target within due time. This newly dawned sector is called-Recruitment Process Outsourcing or RPO. The sector looks promising and with emergence of labor intensive sectors like retailing and IT, the need for competent players (that is RPO) will increase over time.
A conservative estimate by one research firm states that the Indian market is valued not less than $200, 000,000. So, this can very well be measured as the prospective size of the RPO business in the country, which is actually a subset of human resource outsourcing (HRO) market.
It is understood that approximately 80% of the HR personnel are mostly engaged in direct recruitment processes and do not able to do justice to other so called core areas like HR activities which includes training, staffing needs, ensuring performance etc. Here, RPO comes into the picture which takes some of the recruitment headache and thus saves time and cost of companies to large extent.
Yah,I think RPO is gaining momentum very rapidly and in future mostly all industries will be dependent on RPO to take care of their recruitment process.
Posted by: Priyanka | January 2, 2008 1:16 AM | Permalink to Comment