What is Recruitment Process Outsourcing (RPO)?

Recruitment Process Outsourcing (RPO) specifically refers to the practice of transferring all or part of recruitment responsibilities to an external provider. This arrangement typically involves the outsourcing company partnering with a specialized agency that takes on the recruitment process, providing expertise and resources that can optimize hiring. Companies may choose RPO to streamline their recruitment processes, reduce costs, and enhance the quality of hires by leveraging the provider's knowledge and technology.

The other choices represent different employment practices but do not convey the essence of RPO. For instance, hiring freelancers pertains to short-term contractual work rather than a structured recruitment solution. Managing recruitment internally contrasts with the outsourcing model, as this implies a complete in-house system without external assistance. Collaborating with other companies for shared hiring hints at partnerships but lacks the focused recruitment outsourcing aspect inherent in RPO, which is centered on transferring responsibility to an external entity. Thus, the correct answer accurately reflects the definition and scope of Recruitment Process Outsourcing.