Recruitment Outsourcing Will Be In Big Picture (News Update)
Many organizations now prefer to focus on their core functions and outsource their recruitment process. As per the industry predictions Recruitment outsourcing would expand by 50%-a year in the next few years. This would get big business for firms like TeamLease Service, PeopleStrong, Manpower Group, Quess Corp, and Randstad. “Companies are moving towards regional shared service centres for HR and this is bound to see an increase in global RPO programmes,” said Srikanth Rengarajan, executive director and president, ManpowerGroup India.
The industry isn’t just expanding but the trends too are changing, for which companies are getting prepared as well. Earlier, where just sourcing was important point of consideration, organizations are also looking for technology & processing in the outsourcing companies.
“There is a realisation that an RPO provider’s job does not stop at hiring but reaches deep into the onboarding process to ensure best fit,” said up Kunal Sen, senior vice president at Team-Lease Services.
Different outsourcing companies have also come up with expansion to meet the growing demand. On one hand, where Quess Corp ((formerly known as Ikya Human Capital Solutions) plans to expand operations to other parts of the world, PeopleStrong is adding 10 new RPO clients every year and has seen growth of about 100 per cent over the past one year alone.
Guruprasad Srinivasan, business head, staffing solutions (Quess Corp) says, “We are evaluating partnerships with international RPO firms to drive this next phase of growth.” Startup and growth stage companies are a part of the expansion as well.
To match up the demand, the RPO companies are expanding their teams too. PeopleStrong plans to increase its team size by 50 per cent, hiring recruitment specialists from IT, engineering and automobile sectors and Team-Lease Services has plans to add 50 people to its current 150-strong team. Also, Quess Corp plans to double headcount to manage new RPOs