2024 RPO Provider Directory - 45

RPO Research
robust economic growth and the strength of the labor
market, polls show that many Americans feel pessimistic
about today's economy. GDP growth remains strong,
despite interest rates increasing at their steepest in
decades. Inflation has caused prices to rise, but per capita
personal consumption continues to soar. But despite
being in the midst of the hottest labor market in recent
memory, borrower defaults have been on the rise across
all consumer segments and products, reports Fortune.
51% OF RESPONDENTS
EXPECT A MODERATE
INCREASE IN STAFFING
LEVELS, WHILE 33%
EXPECT A SMALL
INCREASE.
The study offers other key findings on the impact of the
economy and elections on workforce planning.
Moderate change is expected in staffing levels in 2024.
Most (51%) expect a moderate increase in staffing levels,
while one-third (33%) expect a small increase.
Economic forecasts impact decisions about staffing
levels. Two-thirds (66%) indicate that economic forecasts
have an impact, and 22% of that group feel the impact is
great.
The amount of full-time and contingent employees
remain unaffected despite an uncertain economy. Nearly
seven-in-ten (69%) indicate there is no change in their
plans that will alter the mix of full-time employees and
contingent labor.
The Presidential election is expected to have little impact
on hiring. Two-thirds (67%) indicate the upcoming U.S.
Presidential election process will have no impact on
hiring.
The study also offers views on outsourcing given
economic uncertainty.
* Organizations looking to outsource are nearly twice
as likely to consider RPO over MSP. While most have
no plans to outsource any TA function, among those
that either plan to or are currently outsourcing, onequarter
(25%) look to RPO solutions while 14% look
to MSP solutions.
* RPO usage is planned to increase more than MSP,
despite economic concerns. Those already using
an outsourced TA provider were asked how their
plans for outsourcing will change in 2024. One-half
(50%) feel it would increase. The type of service they
anticipate increasing the most is RPO, selected by
70%, far more than MSP, selected by 20%. It is fair to
say there is a great deal of uncertainty in the minds
of recruiters given the mixed economic outlook.
Typically, the use of RPO increases in uncertain times
due to its ability to provide cost-effective, flexible,
and specialized recruitment solutions that allow
organizations to navigate challenges, mitigate risks,
and focus on their core business functions.
* The greatest benefit received from outsourcing is an
increased talent pool. Of all benefits, an increased
talent pool was selected by over three-quarters
(76%) of respondents. Through extensive databases,
targeted sourcing strategies, and a proactive
approach, an RPO provider can help locate hardto-find
candidates and produce a larger number of
qualified candidates. Better outcomes were selected
by just over one-half (52%) of respondents. Better
outcomes cover a broad array of benefits, such
as reduced time-to-fill rates, improved workforce
diversity, and perhaps most important, a higher
quality of hire. Cost savings was selected third most
often, by just over one-third (36%) of respondents.
RPO can reduce costs by streamlining the recruiting
process. Basic aspects of recruiting, such as resume
and pre-employment screening and interview
scheduling, can be improved and automated, which
frees up TA leaders and allows them to spend more
time on strategic planning and optimizing quality of
hire.
* Nearly two-thirds (64%) who use outsourced
services plan to use them for exempt hiring. Over
one-half (52%) will use them for non-exempt hiring.
www.hrotoday.com
[43]
http://www.hrotoday.com

2024 RPO Provider Directory

Table of Contents for the Digital Edition of 2024 RPO Provider Directory

2024 RPO Provider Directory - 1
2024 RPO Provider Directory - 2
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https://www.nxtbook.com/sharedxpertise/sharedxpertise/2024-total-workforce-solutions-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/2024-rpo-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/2024-recognition-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/pre-employment-screening-provider-directory-2020
https://www.nxtbook.com/sharedxpertise/sharedxpertise/rpo-provider-directory-2020
https://www.nxtbook.com/sharedxpertise/sharedxpertise/relocation-provider-directory-2020
https://www.nxtbook.com/sharedxpertise/sharedxpertise/recognition-provider-directory-2020
https://www.nxtbook.com/sharedxpertise/sharedxpertise/msp-provider-directory-2020
https://www.nxtbook.com/sharedxpertise/sharedxpertise/thought-leadership-directory-2022
https://www.nxtbook.com/sharedxpertise/sharedxpertise/relocation-provider-directory-2022
https://www.nxtbook.com/sharedxpertise/sharedxpertise/total-workforce-solutions-provider-directory-2020
https://www.nxtbook.com/sharedxpertise/sharedxpertise/msp-provider-directory-2021
https://www.nxtbook.com/sharedxpertise/sharedxpertise/pre-employment-screening-provider-directory-2021
https://www.nxtbook.com/sharedxpertise/sharedxpertise/rpo-provider-directory-2021
https://www.nxtbook.com/sharedxpertise/sharedxpertise/relocation-provider-directory-2021
https://www.nxtbook.com/sharedxpertise/sharedxpertise/thought-leadership-directory-2021
https://www.nxtbook.com/sharedxpertise/sharedxpertise/recognition-provider-directory-2021
https://www.nxtbook.com/sharedxpertise/sharedxpertise/total-workforce-solutions-provider-directory-2022
https://www.nxtbook.com/sharedxpertise/sharedxpertise/pre-employment-screening-provider-directory-2022
https://www.nxtbook.com/sharedxpertise/sharedxpertise/rpo-provider-directory-2022
https://www.nxtbook.com/sharedxpertise/sharedxpertise/recognition-provider-directory-2022
https://www.nxtbook.com/sharedxpertise/sharedxpertise/msp-provider-directory-2022
https://www.nxtbook.com/sharedxpertise/sharedxpertise/msp-provider-directory-2024
https://www.nxtbook.com/sharedxpertise/sharedxpertise/2024-relocation-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/2023-total-workforce-solutions-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/2023-screening-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/2023-rpo-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/recognition-provider-directory-2023
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-msp-provider-directory-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-relocation-provider-directory-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-recognition-provider-directory-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-screening-provider-directory-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-provider-directory-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-msp-provider-directory-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-screening-provider-directory-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-rpo-provider-directory-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-recognition-provider-directory-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-rpo-provider-directory
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-msp-provider-directory-2017
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