Call contingent talent what you will: temps, contractors, non-permanent staff. In most businesses, they are a sign of good things to come. Contingent labour has been an early sign of recovery following a hiring freeze or recession as companies take baby steps in returning to the talent pool. The continued reliance on contingent labour, well beyond the recovery period in many major markets, including the UK, has prompted a much deeper solution for hiring: Contingent RPO (cRPO).
Both Recruitment Process Outsourcing (RPO) and Managed Service Providers (MSP) have been gaining ground in the last decade among a variety of industries. Its simplest form RPO is the partial or full outsourcing of the internal recruitment function to a third-party specialist and MSP is the administration function of acquiring top contingent talent and supply base management. RPO and MSP specialists provide the skills, technologies, methodologies, and partners to assume the role of the client’s recruiting department, owning, and managing the recruitment process and managing a Preferred Supplier List (PSL).