Contract RPO Services
Recruitment process outsourcing, or RPO, is when a company asks another company to help them find people to hire for jobs. There are three main ways companies can use RPO services:
- On-demand means the helper finds a certain number of workers in a set time.
- Function-based, or project RPO, is when the helper only finds workers for a specific part of the company, like just the sales team or for a special project.
- Full, or end-to-end, means the helper does everything needed to find new workers for the company.
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Finding New workers in Different ways
Contract RPO service providers help companies find new workers in different ways, and they have different ways to charge for their help. Here are some of the ways they can do this:
The management fee model means you pay a set amount to find a certain number of workers.
The cost per hire model means you pay a fixed amount for each person you hire, depending on their job.
The cost per slate model is when you pay for a group of qualified candidates that the hiring company gives you.
The cost per transaction model means you pay for each part of the hiring process, like interviews and checking backgrounds.
Hybrid approaches mix two or more of these payment methods together.
Cost per resource means you pay a set monthly fee for the people working on your hiring.
Selective cost models are when a hiring helper works with a company to make their own hiring process better, like finding and checking candidates.
Characteristics of a good Contract RPO services
Payroll management services are all about making sure workers get paid on time based on how many hours they worked, how many days they were absent, and any reimbursements they might have. Usually, the human resources department of a company takes care of this process. Viriksha HR helps manage everything accurately and efficiently, from handling payroll and tax reports to making sure all the legal rules are followed. When it comes to salaries, it can be made up of both fixed amounts and variable pay, depending on the job or project. This can make calculating pay a bit tricky, especially in larger companies. That’s where outsourcing payroll management to Viriksha HR Solution comes in handy. Many businesses, whether small, medium, or large, in India and around the world, rely on our payroll services. Our web-based services handle all your payroll needs effortlessly.