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Analysis Study Research Paper | Management | India | Volume 13 Issue 3, March 2024 | Popularity: 5.1 / 10
Investing on Human Capital is Fueling Business Performance: Case Study Approach to HR Consulting - RPO Industry
Arpitha M. P., Dr. S. Harish Babu
Abstract: Human resource outsourcing, or HRO, is the practice of assigning a company's HRM duties or operations to an outside vendor, contractor, or service provider. All HR - related tasks, including hiring, training, payroll, performance reviews, and more, can be outsourced by businesses or a small number of HR duties, depending on how it affects the performance and productivity of the organization. As a result, RPO has become extremely popular recently in both the domestic and foreign markets. Due to the country's rapid industrialization, which has created jobs, recruitment process outsourcing (RPO) is becoming more and more popular in India. RPOs function as a virtual recruiting department, offering a range of recruitment services along with the tools and technology needed to cut costs when compared to hiring internally This study encompasses 3 such prominent HR Consulting Firms in the market and an attempt is made to understand whether investing on Human Capital increases their business performance by assessing the last 5 years data of financial allocation on Human resource and the increase/decrease in Headcount.
Keywords: Human Resource Consulting, Business Performance, Recruitment Process Outsourcing
Edition: Volume 13 Issue 3, March 2024
Pages: 1395 - 1403
DOI: https://www.doi.org/10.21275/SR24320160400
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