The state of global labor markets remains highly competitive. According to PeopleScout’s recent job reports, unemployment rate fell to 5.5 percent in Canada and 3.5 percent in the US, and rose to 3.9 percent in the UK and 5.3 percent in Australia. Organizations hiring in global markets face additional cultural and international challenges in addition to the more common recruiting challenges most organizations deal with. Recruitment process outsourcing companies with global reach provide an effective strategy for global hiring.

In this exclusive interview with Recruitment Process Outsourcing Association, Michael Yinger from global RPO leader PeopleScout, shares remarkable insights on the drivers for global talent acquisition and the response of RPO to these conditions.

As an RPO grows outside its national boundaries, it begins to recognize itself as an entity that can help local as well as its global clients. Nevertheless, newer and unique challenges arise  with a farther reach. 

How can RPOs navigate new global territories? Global market experts undoubtedly can guide businesses entering new global markets. As the demand grows for innovation with sourcing and recruiting globally, so does the need for expertise in geographies outside of your comfort zone.

Global RPO teams lack the communication skills needed for a successful engagement.   A bold statement by some but, is this really true? Well, before partnering with any RPO provider, you’ll need to be thoroughly prepared and informed with what they’re willing to provide in order to meet your expectations.

At the end of the first quarter this year Research & Markets published a Global Analysis of the recruitment process outsourcing market.  With this analysis it also conducted a forecast of our current year 2019 through 2027. It states that the RPO model currently accounts for $4.16Bn USD now and that number will be $40.57Bn USD. Incredible numbers in a relatively short time span!

North America is leading the way, and due to the global demand other regions are at the forefront such as Europe and the Asia Pacific regions.  This demand is showing how beneficial it is for recruitment process outsourcing providers.

Outsourcing is a hot topic that in some cases can become easily debatable. 

Even with a casual conversation about exploring the benefits of outsourcing for business efficiency, the comparison of its benefits or detriments has many points from both sides. Yet, when your company is looking at efficiency options, outsourcing still has many perks.

Of course, when you jump into the outsourcing discussion from a budgeting perspective, it becomes a much more sensitive topic with questions that arise if it should come from an offshore provider, or by a more recent trend selecting “nearshore” companies providing a similar but uniquely different alternative.

Being based in the U.S., often I’ve seen existing recruitment process outsourcing (RPO) companies or new companies describe themselves as “global” in the staffing industry.  More specifically, they present an outsourcing or offshoring solution that is “tailor-made” or “customized” to provide a recruitment service in a specific geography outside of their home country. But, do they actually provide global hiring?