Recruitment process outsourcing involves a company, or an organization that has decided to transfer all of its recruitment and staffing needs to a third-party service provider. The service provider may take over the present staff, technology, and methodologies of the company to manage their performance and reporting or introduce a new team to the company. It is important to note here that the recruitment process outsourcing is only a cog in a large machine, and you can not merely improve the performance of your organization by solely relying on recruitment process outsourcing. Furthermore, the service providers for recruitment process outsourcing do not take over the working strategies of your company. They will only supervise the working and the management of the recruitment section of your company. In terms of managing the staff and deriving better results out of recruitment drives, RPOs differ significantly from staffing companies and retained search providers. They make changes to the design of the recruitment process and are fully responsible for the results.
Why consider RPO?
The recruiting process and ecosystem both have grown rather complex over the years. To access top talent in every industry, you need to adapt to the latest recruiting strategies that exist in today’s market. Also, to access the top tier of the talent pool, you will have to navigate through the labour market, gain expertise in the relevant technology stack, and be able to train and groom candidates and hiring managers. RPO service providers are well adept in all these factors. Talent acquisition and talent management are one of their core competencies, and thus they are better able to understand the recruiting ecosystem and provide you with guaranteed results. RPO service providers stay up to date with the latest recruiting trends in the market and have the resources to fulfil the demand of their clients regarding the recruitment process.
It is a well-known fact that the reason behind the success or failure of most of the companies is the people who these companies hire. The employees of a company make the company and decide the future of the company.
RPO service providers can bring a whole lot of benefits and solutions depending on what a company is looking for. Some of these well-known solutions are management of hiring fluctuations, reduction in overall recruitment cost, reduction in dependency on staffing agencies, improved hiring manager performance, uplifting the employment brand, improved candidate hiring experience, streamlining the hiring process, and saving costs and time for other purposes.
Does your organization need an RPO?
Statistically, RPOs over time have proven to provide high volumes of hiring for large as well as small organizations. The hiring process has a much lower cost compared to staffing agencies and other recruitment options. Over the years, RPOs have refined their operations and become much more flexible in their approach and management. This works well for the small and medium-sized organizations. RPOs today have adopted agile methodologies and can carve a niche for themselves in talent acquisition and retention.
Large organizations and enterprise companies have several benefits over smaller organizations. One such advantage is that large organizations do not have continually fluctuating hiring needs. Smaller organizations, on the other hand, have just started to witness the growth and accordingly, their hiring capacity and needs have fluctuated. Also, in smaller organizations, the employee is expected to undertake different roles, and the same applies to human resources. Human resources personnel in a small organization are expected to manage the client, customer, and employee relations, develop training curriculum, manage the payroll and expenses, and look after the compensation and other benefits of the employees. Due to the fluctuating needs of the smaller firms and these additional duties, the in house team may be burned out to exhaustion.
RPOs, on the other hand, bring scalability into businesses and cost variability in the processes. RPO provides a flexible hiring and recruitment solution for the companies.
How are RPOs different from other outsourced recruiting options?
Organizations usually hire using these three methods: internal hiring, staffing agencies, and contract recruiters. But these methods have proven to be ineffective compared to the results provided by the RPOs. Thus most of the firms have turned towards RPOs for their services. Here are some of the key pointers that set RPOs a class apart from other recruitment options:
Analysis and planning – RPOs work with the clients to grasp the idea of their business and carefully curate the recruitment strategies according to their business goals.
Marketing jobs – RPOs can take care of the marketing of the jobs in a firm through various platforms such as social media, job boards, bulletin boards, etc.
Assessing candidates – RPO providers not only assess the candidates but also guide the candidates through the initial phases of recruitment so that valuable talent is not lost.
RPO service providers are the key to hire and manage talent crucial for the success of your company. To know more about RPO services, click here.