Feeling stressed about a hiring deficit and not sure you’ll be able to find highly qualified people fast enough? Rather than spending money on building out your HR department, which costs lots of time and money, why not partner with an RPO provider? They’ll handle the headache of finding the right people in just the right amount of time, so you can go back to doing what you do best.
Understanding Recruitment Process Outsourcing (RPO)
Recruitment process outsourcing (RPO) is the hiring of a third-party talent acquisition specialist that acts as an in-house recruiter for your business. It provides efficiency and flexibility to the recruitment process—freeing up HR professionals of administrative burdens and delivering a seamless, high-touch experience for job candidates. There are five key components of the recruitment and selection process that can be outsourced:
5.) And onboarding
When searching for the right RPO provider for your company, it’s critical to establish a robust recruitment process outsourcing agreement to ensure alignment. It’s here where you’ll set partnership expectations and KPIs and enter into an agreement that outlines the scope of work, timeline, and service-level expectations. The provider can then manage and execute the agreed-upon recruitment tasks and responsibilities.
Unveiling the Benefits of Outsourcing the Recruitment and Selection Process
There are numerous advantages your organization can gain from outsourcing your recruitment and selection process.
1.) Cost Savings and Efficiency
An RPO partnership usually costs less than hiring new members to your HR team or working with an agency. By leveraging the expertise of an RPO professional, you’re able to expedite the hiring process and eliminate the need for an entire internal team dedicated to recruitment—thus reducing your overhead costs.
2.) Access to Specialized Expertise
RPO providers have lots of experience running complicated projects and have extensive knowledge of their markets. By leveraging this expertise your HR teams can tap into this pool of specialized expertise, industry insights, and innovative tools. Plus, these professionals know what works and what doesn’t—so you can reach your hiring goals, faster.
3.) Scalability and Flexibility
A major headache for HR teams is resource planning—hire too many recruiters and your company is bleeding money when hiring needs diminish. But hire too few and your teams will start to feel overwhelmed. Outsourcing provides you with the flexibility to scale your recruitment efforts based on fluctuating hiring needs, ensuring seamless operations during periods of growth or contraction.
4.) Enhanced Candidate Quality
With the right RPO provider, your HR team can tap into their deep expertise in the recruiting space and access their large pool of qualified candidates to find candidates who possess the specific qualifications needed for specialized roles. Their access to advanced recruitment tools also makes it possible to fill these roles faster.
5.) Reduced Time-to-Hire
It’s estimated that highly trained RPO service providers can reduce the time required to hire a new employee by as much as 55%. This dramatic reduction in time is thanks to their highly effective and fast sourcing, hiring, and onboarding capabilities.
6.) Frees Up Time to Focus on Core Competencies
Rarely is recruiting a company’s core competency. So outsourcing it, and all the work that surrounds, it means you’ll have more time to actually focus on what you do. And doesn’t that sound nice?
PREDICTIVEHR as Your RPO Provider
RPO is perfect for any organization dealing with hiring fluctuations and stresses. As opposed to bringing on a permanent member of staff for a momentary influx in demand, RPOs bring scalability to the process and variability to costs. They’re often structured based on hiring needs instead of a base figure.
PREDICTIVEHR’s industry-leading recruitment process outsourcing solutions focus on methodology, measurable results, and flexible solutions for every step of the hiring process. Short-term or long-term, we help get the employees you need to achieve all your talent acquisition goals.