CHAPTERS
INTRODUCTION
The ROI of RPO
Never before have there been more ways for a business to fill a talent gap inside their business. From the old school approach of recruiting and hiring a full-time staff member to the near instantaneous filling of hourly shifts, employers today have many options for acquiring the right resources to get work done.
How does recruitment process outsourcing (RPO)—turning over all aspects of full-time recruitment and hiring processes to a trusted provider—compare to all the talent acquisition options? How much time and money can be saved? How many efficiencies can be gained?
Just two decades ago, RPO was the new talent acquisition model on the scene, giving traditional temporary and temp-to-hire staffing businesses a new form of competition. Now it’s a well established talent acquisition solution that competes with traditional staffing and in-house hiring as well as AI-driven talent platforms, job boards, project services, and more.
What is the size of the global RPO market?
“No matter the size or scope of the talent needed, quality reigns supreme in hiring. You cannot build a great business with an average workforce. Recruitment Process Outsourcing is a quality-driven process. That’s why it endures.”
- Greg Summers, CEO - Orion Talent
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Outlook for RPO
With economic uncertainty driving business decisions around the world, workforce management and efficiency concerns are taking center stage. From layoffs to hiring and salary freezes, the workforce has once again become an area of focus for cost reduction as businesses look to navigate the latest unknowable storm. It’s a familiar economic pattern, but one that can change operating structures in the push to gain efficiency.
Will RPO come down on the side of operational strategies that improve cost control and quality? Or, will it be viewed as an opportunity to cut outside spending and revert to internal recruitment resources. While each business will make its own decision from its workforce data and talent acquisition results, this resource was developed to examine the ROI of RPO. It’s a tool that outlines where RPO should be delivering substantial talent acquisition and operational advantages and by how much.
What ROI will you get from reading this article?
A clear understanding of what RPO is, how it works, where it creates value, and how to measure ROI. Our hope is that by investing time in better understanding RPOs goals and structure, you can better make recruitment process decisions for your business and its people.
A Look at RPO Market Data
Market Size
The market is predicted to hit $19.96 billion worldwide by 2028.
Top RPO Industries
“The secret to outsourcing success, no matter the business process, is in the earliest days. It’s in the foundational work of setting business goals by which to measure success. RPO can, and should, materially impact business outcomes.”
- Talee Brock, VP Business Development - Orion Talent
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CHAPTERS
Introduction
Pricing
Partnership
Flexibility
Quality
Results