India among favourites for RPO
In a bid to cut costs, corporate giants based in the US and the UK are looking to leverage their RPO services from emerging mkt locations.
New Delhi: In a bid to cut costs, corporate
giants based in the United States and the UK are looking to
leverage their recruitment process outsourcing services from
emerging market locations like India, a survey says.
According to global consulting and research firm Everest
Group, increasing cost pressures in the current economic
environment has led North American and UK buyers to start
receiving the back-office RPO services from offshore location
such as India.
"The value proposition of RPO is still resonating with
buyers that are looking for a cost-effective option to
withstand the current turmoil and at the same time create an
efficient talent acquisition process that can be scaled up
quickly when business environment improves," Everest Group
Principal and Country Head Gaurav Gupta said.
Indian suppliers such as Infosys, Wipro and Caliber Point
have already entered this space in the past two years, while
Western suppliers such as Momentum and PeopleScout are also
leveraging India for delivering RPO services.
The survey further highlighted that a significant number
of North American-headquartered large, MNCs adopt RPO for
their European and Asia-Pacific operations.