“Waiting for perfect is never as smart as making progress.”– Seth Godin, American Author
RPO for start-up; a point of major hesitation for many young companies. Let’s talk about recruitment process outsourcing (RPO) companies. Let’s start from the top. As Seth Godin, an American author, once said, “Waiting for perfect is never as smart as making progress.” This is a crucial principle that most, if not all, start-ups should be following. The market is an ever-changing landscape and this is especially true of the job market. It is a beast unto itself; rapidly changing, highly competitive, and fast-paced. If start-ups want to survive in this world, they need to adapt to the market’s nature. Luckily, there are innovations taking place every day that would allow new companies to rise to the top.
One of the major ways in which a new business rises to the top is by attracting the right kind of attention. Nowadays, there are all kinds of methods to get that attention. For example, there are networking events, social media promotions, hackathons and so much more! One of the most notable trends is that of more and more companies turning towards recruitment process outsourcing. This is essentially when a business outsources its recruitment initiatives to a third-party agency, either partially or completely. This is usually done to handle a large volume of hires or just to free up the internal team to do what they do best.
RPO for start-ups is especially compelling as they offer the unique services that boost your employer brand and get you that attention. This applies both in terms of talent and clients. It just so happens to be one of the major hurdles that start-up companies face, so in a way, it’s a match made in heaven if you think about it.
In this blog, we will talk about the top five benefits that a start-up can make use of if they partner with an RPO partner.
In a start-up, you must have the right people in the right positions. Otherwise, it can become a huge waste of money and time for the company. This can be detrimental to the health of a business in its early stages. Luckily, RPO providers see the placement of the ideal candidate as the primary function of the process. They take care of everything from drafting and refining job descriptions, to making use of distribution channels to get the word out.
What makes them uniquely advantageous to the likes of a start-up, is the fact that they look beyond the resume. RPOs look to see if the candidate has the ideal mindset, skills, work history, and so on, to get the job done the right way. Having RPO for start-ups sees to it that candidates are sourced based on these factors. They also uses in-depth analytics to wade through mountains of applications; helping you find that one special needle in a massive haystack.
Regardless of if a start-up is undergoing rapid growth and expansion or if it’s just a seasonal spike, RPO partners have it covered. They can help you scale your capacity as and when you need it. They can help you with this process as a result of their extensive network of candidate resources, expert recruiters, and high-end recruitment technology.
The RPO for start-ups route is the perfect solution to effectively handle fluctuating recruiting needs. It gets done at the speed you need, and without letting it impact the process of your day-to-day operations. This is a great advantage to have in a highly competitive market.
“It’s not about ideas, it’s about making ideas happen.“ – Scott Belsky, American Entrepreneur
First, let’s answer the question of what exactly Employee Value Proposition (EVP) is. By definition, this term refers to the set of benefits that the employee receives in return for the skills and capabilities that they bring to the company. Having a strong EVP helps with the overall retention of employees in the long run and sets the tone for your brand as an employer. This translates to an improved level of candidate attraction, better hires, and so on.
For start-ups, it’s really important to build a strong EVP from the get-go, as it allows you to source those hard-to-find candidates from deep within the talent pool. With all the tools and techniques available that RPOs have at their fingertips, they can easily help you achieve a strong EVP by promoting a positive candidate experience and representing the business in the right light. It’s a win-win, no matter how you slice it.
“Chase the vision, not the money, the money will end up following you.” – Tony Hsieh, American Internet Entrepreneur
Another issue that start-ups face is the lack of resources, it is this same lack of resources that limits their ability to screen candidate profiles in terms of their backgrounds, previous work experiences, qualifications, and so on. This can be an issue when it comes down to the matter of compliance as each country has its own set of geo-specific hiring regulations and labor laws. This can prove to be a massive hurdle, especially concerning hiring people in other countries.
Having RPOs for start-ups, ensures that all your candidates pass through a fine-mesh sieve of a recruitment funnel. Recruitment process outsourcing agencies often use industry experts to do the recruiting who have an in-depth knowledge of international labor laws and how to best adhere to different compliance regulations. This takes the headache of a potential lawsuit off your plate.
Now, we come to the last point in our reasons to engage an RPO for start-ups to benefit from — cost saving. Easily one of the best reasons for any start-up to get involved in such a process. By leveraging their expertise in recruitment, high-end tech solutions, streamlines, and brand-optimized recruiting processes, an RPO can deliver a wide range of service offerings all bunched into a single package. So, like most bulk package deals, you would save a ton of money on this prospect as opposed to other traditional recruitment methods.
We have already gone over how start-ups work within constrained limitations from all sides, from the budget to marketing, logistics, the industry competition, and so on. Partnering with a quality RPO service helps ease the stress on the internal team to a great degree, and ultimately this should be the number one reason why any start-up can and should consider employing the services of recruitment process outsourcing firms.