21 Aug 2022
An RPO recruitment services stores profile data in the cloud assesses and verifies candidates to ensure they have the core skills, competencies, and motivators to get the job done, and uses technology to integrate employees into the organization.
Today's job market is vastly different from what it was a year ago. The COVID-19 pandemic brought with it unemployment and furloughs. However, because of the uncertainties, the scenario prompted discussions about social protection, wage support, health benefits, and employee safety assurance. Businesses have shifted to a different workforce structure in 2021, namely Flexi or hybrid working, with remote working taking precedence in 2020.
Because of the rapid advancements and shifts in the job market, employers have redesigned their recruitment strategies to hire the best talent for the right job while keeping organizational and workplace goals in mind. Recruitment Process Outsourcing is one such solution that has the potential to transform businesses and, as a result, the larger hiring market.
In today's complex recruiting environment, talent acquisition through RPO recruitment service providers is a valuable asset. Employers must consider a variety of factors in their recruitment strategies, such as the changing labor market and emerging technologies, as well as the ability to nurture top talent and manage candidates for the appropriate job roles.
Businesses have reorganized their teams and reconstructed organizational goals, resulting in a shift in job demand across sectors. With several organizations experiencing rampant layoffs and rapid hires, it is critical that employers conduct timely and cost-effective recruitment processes. RPOs are essentially subject matter experts in the recruitment field because their core competency is talent acquisition. They use the latest technologies and resources to meet hiring demands in a constantly changing environment.
The Future of Recruitment: Digital Hiring
During the pandemic, digital hiring saw notable application with 'work-from-home,' and it continues to pave the way for the Indian recruitment market today. As more companies invest in emerging digital technologies, significant effort, and investment is being made in hiring the right talent for the right jobs.
Needless to say, recruitment and hiring patterns have shifted toward a more digitally adept on-boarding system that leverages cutting-edge technology via online platforms. Investing in HR technology to keep up with newer engagement models, on the other hand, is not always the most efficient method for every organization. In such cases, it is prudent to outsource the HR function to an RPO expert who already has access to the necessary data.
Partnering with an RPO recruitment service provider improves an organization's people function's financial and operational efficiency. An RPO provider stores profile data in the cloud, assesses and verifies candidates to ensure they have the core skills, competencies, and motivators to get the job done, and uses technology to integrate employees into the organization
Social media is now de rigueur in the recruitment process, as companies use it to attract and source talent by launching engagement campaigns to reach a wider audience. The use of automation and AI-powered tools enables bot-based screening and interviewing to ensure compliance is met, hiring is quick and efficient, and human errors are minimized Hackathons are another popular platform for selecting talent because they demonstrate candidates' technical ability and resilience.
Regardless, recruiting generates a large amount of candidate data, which is now being stored on the cloud for easier storage, retrieval, and management via a cost-effective and secure model.
Gamification has also seen an increase in post-joining formalities in the recruiting process, with firms using a customized gamification platform to help new hires understand the organization, company culture, history, achievements, and policies. Newer HR Tech, with its fast-paced technology and innovation, will enable a more holistic and harmonious approach to recruitment.
RPO is a convenient, cost-effective, and value-added service.
RPO providers add value to the organization through a strategic partnership aimed at contributing to larger business success, in addition to being a cost-effective and convenient recruitment solution for businesses. The advantages of Recruitment Process Outsourcing solutions go beyond budget optimization and recruitment ease, as they add value to overall organizational goals and functions.
Strategic manpower budgeting: RPO providers collaborate with an organization's internal talent acquisition team to develop a thorough understanding of the organization's goals and the skills required to fill specific job roles. They are involved in the early stages of business planning and help with manpower budgeting, forecasting staffing needs, and providing flexible on-demand solutions based on extensive recruitment market research. RPO players are also beneficial to the organization during times of crisis and layoffs because they can correctly strategize and evaluate the organization's needs and make informed decisions.
A number of sourcing platforms: Because RPO providers are recruitment specialists, they can leverage their extensive reach and built networks, which include a large number of sourcing platforms. They are able to adequately market client jobs through job boards, websites, social media channels, employee referrals, training centres, campus recruitment, and other means in order to attract a large number of candidates and obtain talent for in-demand job roles.
Increased brand recall: When recruiting talent for jobs, RPO creates a market and creates a positive image of the client among potential candidates, resulting in increased brand recall and recognition. Furthermore, they are able to build a pipeline of talent through networking, which aids organizational hiring function.
Digital-first screening: Using cutting-edge technologies and a hands-on digital approach, RPO providers can store candidate data in the cloud and assess, verify, and compare the skills, competencies, and talents with those required by the organization. In this case, technology enables objective candidate evaluation while also providing the organization with a cost-effective and efficient recruitment system.
Candidate management: An RPO provider understands the organization, its goals, and processes, and ultimately represents the employer for whom they hire. They improve a candidate's recruitment journey from screening to onboarding and enable a smooth transition from candidates to employees.
Rising demand for technical talent across industries
It's no surprise that the IT industry's demand for talent is increasing, with trends like skill-based hiring sweeping the industry. Technology continues to be at the forefront of growth across industries, and businesses have successfully adapted to changing environments with emerging technologies and an eye toward change and development.
While AI, blockchain, robotics, machine learning, and other emerging technologies continue to have a significant impact on the Indian IT industry, it is worth noting that trends such as IoT, Edge Computing, and the much-anticipated 5G technology will further transform the country's technological landscape.
As companies seek talent with specific digital skills, it is worth noting that employees with soft skills such as communication, agility, and creativity, in addition to tech-literacy, have seen a significant increase in demand. According to Quess data, there has been an increase in demand for IT Security, Full Stack, Android Developers, Data Analytics, and Angular JS job roles. Furthermore, Full Stack, React JS, Cloud Infra Technologies, Angular JS, and Android Developers were reported as the top digital skills in demand. Aside from the IT industry, there is a positive outlook for hiring in BFSI, Technology Services & Consulting, and Auto & Engineering.
RPO is an exceptional solution that helps organizations stay agile, relevant, and efficient throughout the recruiting process, with COVID-19 catalyzing changes in recruitment models, workforce size, and candidate expectations. RPOs increase a company's competitive advantage in the job market, attracting and onboarding top talent.
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