Recruitment Process Outsourcing: Benefits of Having It on Your Side
Recruitment Process Outsourcing (RPO) is a relatively new trend that is catching on more and more in companies both big and small. While it may be a growing trend there are still some hold-outs when it comes to making use of such services. Why? Simply because that’s the way that some businesses have always approached their recruiting process. Change is hard, and sometimes only when push comes to shove, and you need it do we ever accept change, as it is the only option. RPO recruitment is somewhere in the middle of that spectrum. They are sometimes the only way to progress and improve the recruitment process, but not always. It comes down to what your needs and capabilities are as a business.
Having said that, RPO-based recruitment can be beneficial to your organization given the chance. If you truly are considering it as an option going forward, you should probably know some of the most important ways in which RPO can help boost and better your recruitment process in the long run! So, without further delay, let’s get into it.
Since RPO is a bulk service offering, you save a lot of money in the long-run.
1) Bringing Down Recruitment Cost with Recruitment Process Outsourcing
This is one of the main reasons that organizations opt for recruitment process outsourcing. Think about it, companies spend so much time, effort, and money when they conduct the recruitment process internally. There needs to be a team solely dedicated to the task if it is to be accomplished with any measure of success. Then of course there are all the paid promotions, countless resumes to comb over and interviews to conduct.
True, self-recruitment is a more traditional route, but times have changed and recruitment has become a hurdle of the modern age. As the saying goes, modern problems require modern solutions. An RPO agency can help you significantly cut the cost of recruitment by streamlining the whole process. They know how to find the best candidates, in the shortest amount of time with the lowest cost incursion to the company (relatively speaking).
2) Scalability and Flexibility of Recruitment
No company’s hiring needs are consistent. They change and morph throughout any given fiscal year depending on the targets and goals that the company might have. With this being the case, it can be challenging to determine with certainty what degree of staffing might be required down the road. This is where recruitment process outsourcing can help you by anticipating the exact needs of the company. They can help you anticipate how many positions you might need to fill and they will also help you do it. They do this by evaluating the specific requirements of the company and then moving forward with the recruitment on a project-wise or an on-demand basis. This ensures that the right number of people are hired every time, in a way that optimizes workplace productivity.
“To win in the marketplace, you must first win in the workplace.” – Douglas Conant, President of the Campbell Soup Company
3) Faster, Efficient Hiring
The business world is a highly competitive one, to say the least. It is also one that is constantly changing. Any business that wants to succeed will need to quickly adapt to the ever-changing landscape. With that in mind, it becomes a challenge to immediately hire someone to complete projects or objectives that suddenly pop up. On the one hand, you have this time constraint, on the other, you need to stay ahead of the competition, which can only be done within a certain timeframe. Safe to say, it’s challenging.
RPO firms are the ideal solution in times of need such as these. A quality RPO agency can help you solve this problem by providing you with hiring options from the skilled talent pool within a relatively short period. This allows you to just pick the person you want, and get on with the work at hand.
4) Exclusive Talent Access via Recruitment Process Outsourcing Agencies
If you’ve tried to fill a position in the last five years, you know that there are tons of candidates willing to fill said role. However, there is a growing scarcity of truly talented individuals who also have the specific skillset that you are looking for. Attempting to fill a job opening by wading your way through the river of resumes can prove to be a nightmarish task, without the aid of an RPO agency.
RPO providers can help you approach this monumental task in a controlled manner, which also results in you taking on some truly qualified candidates.
The trick is that most well-established RPO firms have an extensive database or network of candidates that you won’t have access to any other way. These people are seldom found on your ‘run-of-the-mill’ job-hunting platforms.
Another bonus is that RPO agencies use talented industry experts themselves to find these candidates. The combination of both of these factors ensures that you, as the employer, will be able to secure the services of those in-demand candidates with more ease!
5) Strengthen the Overall Business Model
Thanks to the extensive talent pool and database that RPO firms have, it’s rather easy for them to analyze and predict upcoming trends or challenges that their clients might face. Accordingly, they use this insight to advise employers to pre-empt potential hires for said future needs. This approach strikes an ideal balance between the supply of candidates and the demand of businesses.
The benefit here is that companies gain somewhat of progressive growth for their businesses. It comes back to the point of effective hiring on the part of the RPO agencies by way of utilizing their dynamic recruitment assistance systems, which is based on tons of thoroughly analyzed data. So, in a way, getting recruitment process outsourcing involved, results in more than just good hires. It helps you gear up for future needs and improves the overall business model.
“Talent wins games, but teamwork and intelligence wins championships.” – Michael Jordan, Basketball Star
6) Using Recruitment Process Outsourcing Means Better Employer Branding
Let’s switch tracks for a second. RPO recruitment doesn’t just bring a healthy flow to their clients. They also help improve the candidate’s experience. It’s like pairing a good wine with the right cheese — it’s just a good match waiting to happen, and the results are delicious. We have already established that high-value candidates are in constant demand by companies the world over. As a result, the importance of the company’s image cannot be over-emphasized enough!
If your internal team isn’t able to rack up a good brand position for your company in the market, it can prove rather difficult to attain some of these in-demand candidates. RPO agencies, on the other hand, will thoroughly comb through your brand profile, compare it to existing competitors and set you on the path to creating a more dynamic recruitment dialogue with said candidates. A quality recruitment process outsourcing service will ensure that your organization’s benefits are highlighted in such a way that Candidates will actively want to come and work for you.
In a way, RPO agencies act as an extension of your HR department and act as a brand ambassador to your company. It’s all about sending the right message, and few do it better than RPO firms. If you think about it, it’s not as costly as going with the traditional route of advertising to raise brand image and awareness.
Thanks to the high-level of accountability and in-depth industry expertise, recruitment via RPO is very low-risk.
7) Recruitment Process Outsourcing Provides Risk Mitigation
This is an important one. Labor laws are ever-changing and it also differs from country to country. You also need to consider the specific labor laws within your state or province. The hiring manager has to be very well versed in all of these laws, especially when hiring internationally to mitigate any liabilities. This can often prove difficult because the ground reality is, not everyone can know all the laws surrounding the hiring process.
A lacking recruitment process in this area will not only open the company up to liability cases but also damage the company’s reputation if something does go wrong. This can have a ripple effect and might prove a point of hesitance for top candidates. This is where RPO agencies once again come to the rescue. As a standard, RPO firms are extensively trained and knowledgeable in international and domestic labor laws — this comes with an assurance of a minimal-risk hiring process for the client.
“Culture is what motivates and retains talented employees.” – Betty Thompson, TV Presenter
8) Recruitment Process Outsourcing Lessens the Burden on HR
Lastly, we come to one of the more obvious points. When you employ a professional recruitment service agency, it will take a huge amount of weight off the metaphorical shoulders of your human resources and talent acquisition department. This will then free up the in-house team to attend to their core objectives, resulting in smoother and more efficient work processes.
It should be noted that the presence of an RPO firm doesn’t mean that the in-house team can be completely hands-off. It’s more of a collaborative effort. However, it does take the majority of the pressure off them. As a business, maintaining efficiency while also reducing the stress of the workload is an invaluable thing to have.
So, there you have it. These are just some of the major advantages of having your recruitment process outsourced to an RPO agency. It’s a good investment at the end of the day. You spend relatively little when you consider the degree of the quality you get in the results. So, why wait any longer? Get yourself into a partnership with a good RPO firm and see your business reap the rewards!