According to a recent study of talent management practitioners, a Recruitment Process Outsourcing (RPO) effort that includes strategic components such as workforce planning and employment branding is more than four times more likely to yield Ñexcellentâ ROI ratings than an RPO focused only on tactical needs such as cost and time to hire. The survey was part of a recent study conducted by The Human Capital Institute (HCI), a global talent management professional association and think tank for Futurestep, a Korn/Ferry Company (NYSE: KFY) and industry leader in strategic talent acquisition.
The survey and associated report, Recruitment Process Outsourcing: TodayÇs Challenges and Opportunities draws on a poll of approximately 500 talent management practitioners. According to the report, 22% of respondents who engaged in strategically focused RPO projects cited an excellent ROI rating for their effort, compared to only 4% excellence ratings from those involved in tactically focused RPOs. Overall, 71% rated some level of satisfaction (ranging from neutral to excellent), while 29% expressed a need for improvement.
Results of the report will be highlighted in a December 11 panel discussion at the annual RPO Summit, held by the RPOA, an RPO industry forum based in Washington, DC. The presentation is titled RPO Five Years Later: What Have We Learned; Where Are We Going? The session, moderated by Futurestep COO Andrew Watt, will highlight findings from the study and provide insight from a panel of RPO and talent management experts. The featured panelists have experience leading talent operations in todayÇs top companies, including Coca-Cola, Weatherford International (a leading services provider in the Oil & Gas industry), and State Street Corporation.
ÑFindings of the survey support many of our long-held beliefs about RPO,â said Watt. ÑIt is maturing as a practice and companies are translating RPO into significant value for the business. WeÇre looking forward to more emphasis on strategic impact as the industry evolves, but weÇre excited to see a growing recognition of the need for a strategically focused RPO effort, especially as talent leaders face the challenges delivering core business value in a changing economy.â
Advance copies of the report will be made available at the RPO Summit event on December 11. To learn more about RPOA and the RPO summit, visit www.rposummit.com. The report is slated for official launch by the Human Capital Institute, www.humancapitalinstitute.org in January 2009. Copies of the report will also be available on the Futurestep site at:
Study: Strategically focused RPO is four times more likely to deliver excellend ROI
Survey by Human Capital Institute for Futurestep to be Highlighted in December 10th Panel in Washington, DC and as a Report to be Released in January
