After months and months of news about layoffs and rising unemployment, there are signs that the “Great Recession” might be ending soon (or at least easing) and hence, now is a good time to start considering just how bad it really is right now and what a recovery will mean for workers, employers and recruitment process outsourcing (RPO) in particular. Read more
Nervous American, British and other workers in Western or developed countries who either fear loosing their full-time jobs or have already lost theirs due to offshore outsourcing, need to realize that their outdated notions of work and what constitutes a career is fundamentally changing forever. In fact, they need to learn how to hustle because full-time employment (unless you work for a government bureaucracy) is on its way out while having a so-called “portfolio career” is in and this will continue to be the trend for the foreseeable future. Read more
With much of the developed world mired in the deepest recession in living memory and with many companies under enormous pressure to cut costs just to survive, one would assume that the decision to outsource would be easy and new demand for outsourcing services, processes or functions would be increasing exponentially. However, the current reality is proving to be much more complicated than this. Read more
An AMR research tabled in 2009 indicates that the multi-process HRO market grew by 24% in 2007 and almost by the same rates in 2008 and 2009, respectively despite the market slowdown. Interestingly, a big chunk of these contracts came to India.
As with all other modes of outsourcing this one also promises greater efficiency during recession. An online sourcing survey conducted by a search company TalentDrive for instance revealed that more than half (56%) recruiters do not know how many qualified candidates are their in their databases. The survey reveals that multiple job boards and social networks are making it difficult for recruiters to manage job postings, searching, prescreening and interviews.