It is very important to hire the right talent for an organization because the growth and success of a business rely on their true perseverance and dexterity. However, hiring the potential talent is a difficult and time-consuming task. One of the best ways to avoid a recruiting headache is to consider Recruitment Process Outsourcing.
What is an RPO?
Recruitment Process Outsourcing (RPO) is a business process which helps organizations to hire appropriate employees. RPO is an external service provider that handles the entire recruitment process which is carried on in accordance with your ethics, culture and corporate goals.
Their programs may include - sourcing, screening, interview coordination, pre-employment testing, selection, onboarding, new hire care, and exit interviews.
Advantages Of Recruitment Process Outsourcing
Personalise the Recruitment Processes for Specific Talent
The traditional recruitment strategy may prove ineffective to attract the right talent. RPO service providers can customise the process of recruitment and create new processes so that the specific talent can be targeted to meet precise objectives.
Usually, organizations spend more on advertising on job boards, applicant tracking system recruiting technology and more. Companies can save significant time and cost by streamlining the recruitment process through an RPO. They also help you to avoid unnecessary staff for enrolling and hiring employees. Also, a long time vacant position can lead to a potential negative impact on the company’s performance. An RPO takes efforts to advance time-to-fill and hiring manager agreement while lowering cost-per-hire.
Maximise The Potential Of Employee Referral Systems
Most associations pursue to exploit employee referrals to the hilt; however, the consequences are often suboptimal. A good RPO services provider can introduce the tools and strategies that will help you make the most of the employee recommendations and cut costs.
New projects & processes, as well as seasonal demands, can create urgent hiring needs. There can be various consequences like loss of revenue due to lower production, excess overtime, and low staff morale due to fewer employees and more vacant position. With an RPO you get the scalability to manage inevitable peaks and valleys in recruitment activity. You can hire the right people when your organisation actually needs them. One of the biggest benefits you get is to convert the fixed cost of in-house recruitment to a variable cost that can be adjusted as needed.
Increased Quality of Personnel
A great candidate doesn’t just hold good education and experience. He should also possess personality and previous accomplishments. The HR needs to bring to the table a candidate who is the blend all of the above qualities. But when it comes to filling in the position, hiring managers have to go through a ton of candidates and may not get time to look at all the qualities that determine whether the new hire will stick with the position. An RPO can keep up the qualities by leveraging social and analytics to create a 360-degree view of a candidate. They can more effectively determine the accurate hire who is well fit in all aspects of a position. This helps save time and expenses and supports the long-term strategy of your organisation.
The concept behind recruitment process outsourcing is simple – You hire a firm that specializes in the recruitment process to handle all your hiring needs. It is not a complete replacement for an HR department rather a perfect complement to increase productivity.