Competitive advantage and business results depend on access to the best talent in the market.
Through the implementation of ‘fit for purpose’ outsourced recruitment solutions, smart organizations are positioning themselves for increased organizational performance and growth.
The benefits of recruitment process outsourcing (RPO) are significant.
This is true whether you’re planning to outsource all aspects of recruitment, or selecting individual components of the end-to-end recruitment process.
The advantages of RPO also ring true if you’re focusing exclusively on selected business-critical role families.
From talking with clients around the world, we’ve identified the top 5 benefits of RPO. They include:
- Cost reduction
- Ability to flex and scale
- Quality of hire
- Reduced vacancy time
- Enhanced employer brand
To learn more about them, watch this mini video, or read the details below.
1. Cost reduction
Many organizations spend a significant amount of money on recruitment through a heavy reliance on agencies. They also tend to have a high use of online job boards, coupled with significant investments in underutilized recruitment technology.
The indirect costs of recruitment pertaining to poor quality hires, lengthy vacancy periods, and high turnover are the invisible but arguably higher costs to the organization.
RPO reduces costs by leveraging three business objectives. Cost savings are achieved by developing efficient robust recruitment processes, driving direct proactive sourcing strategies, and focusing on quality of hire for every hire.
2. Ability to scale and flex
RPO provides a recruitment model that can be scaled up or down in line with an organization’s recruitment demands.
The client benefits from a core team of recruitment experts during business as usual hiring. They also enjoy access to additional skilled consultants from RPO talent pools or shared services centers during peak hiring.
The RPO model adapts to fluctuating recruitment needs without compromising speed, quality, or brand.
3. Quality of hire
Attracting and sourcing talent comprise an RPO’s core expertise.
With centers of expertise across technology, sourcing, recruitment process design, employment branding and reporting, RPOs are optimally positioned to attract, source, and assess quality talent for every role.
Through the application of rigorous assessment and selection methodologies, paired with strong HR partnerships, RPO providers are able to positively impact retention and performance of all new hires.
4. Reduced vacancy time
The longer a vacancy remains open, the greater the impact on an organizations performance. Reducing time to fill is a key deliverable under an RPO model.
Driving efficiencies in the recruitment process and developing superior talent attraction strategies delivers significant reductions in the time a role is vacant.
The RPO provider is adept at balancing speed of hire with quality of hire to ensure the right outcome every time.
5. Enhanced employer brand
RPO solutions have a powerful impact on an organization’s employer brand.
This is achieved through excellent management of all aspects of the recruitment process. This includes ensuring core messages to the market are consistent. Fundamentally, they should drive high levels of candidate satisfaction.
The candidate experience is critical to driving the perception of an organization as a place to work. Done well, an RPO solution positions an organization as a magnet for prospective talent.
Recruitment process outsourcing is an ideal solution for organizations wanting to access the best talent in an efficient, professional, and cost-effective way.
Organizations reap the benefits of having an expert partner manage the administration of recruitment. Meanwhile, they retain control of all hiring decisions.
