Recruitment process outsourcing to drive next stage of growth for Global in-house Centres
    Recruitment process outsourcing to drive next stage of growth for Global in-house Centres - Financial Express
    Until a few years ago, Global In-house Centres (GICs) were essentially seen as back-offices riding on labour arbitrage. MNCs then stepped up their game, insourcing vital functions around R&D and new product development.

    Today, GICs are witnessing a paradigm shift, as the arbitrage-first model is on the wane, as seen in the outsourcing sector.More than 60% of global MNCs across verticals have now set up their GICs in India due to talent availability, but face sourcing challenges in a competitive market.GICs are built on the concept of the shared services model in functions like engineering, financial reporting and accounting operations, HR, real estate and facility management, procurement, product lifecycle services.This scenario has created the opportunity for recruitment process outsourcing (RPO) players who, flanked by local expertise and experience, are able to fill the lacuna through accelerated speed of hire, portfolio rationalisation, cost benefit and scale.

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