RPOs potentially affecting bank funding
With the issue of Recruitment Process Outsourcers (RPOs) potentially affecting bank funding options for staffing companies not going away, the Recruitment Finance Division of Lloyds TSB Commercial Finance is working hard with leading industry bodies, including APSCo and the Asset Based Finance Association (ABFA), to try and help all parties with what is a serious and contentious issue.
The Recruitment Finance Division of Lloyds TSB Commercial Finance is part of a steering group, together with other interested parties, which is actively trying to help advise on the best way forward for recruiters to work with RPOs. This includes providing positioning papers, meeting with the Government (OGC, BIS), contacting all of the major banks to ensure awareness and lastly promoting both education and dialogue for all parties.
Stuart Talbot, head of the Recruitment Finance Division, has just participated in a webinar on RPO funding for internal members of the ABFA and in March a business forum event dedicated to discussing relevant issues from all sides is being jointly organised by APSCo and the ABFA.
In the next issue of Review there will be more information on both the event and the latest news for recruiters on the legal and contractual solutions being recommended.
So for the latest advice on working with RPOs, watch this space…