Recruitment Process Outsourcing
While Recruitment Process Outsourcing is an industry that emerged from traditional recruiting. Recruitment Process Outsourcing is “a form of business process outsourcing (BPO) where an employer transfers all or part of its recruitment processes to an external service provider.
Recruiting Process Outsourcing is not relatively a new term in the world of business. It is a process where an organization evaluates the existing staff based on the additional skills or number of people required to fulfill a job. Recruitment process outsourcing (RPO) is more than filling open jobs; it’s about enhancing an organization’s recruiting process.
It’s also been proven to be popular among customers, as a recent Group study looked at almost 200 companies and found that, of those pursuing RPO solutions, 80% indicated they would recommend it to peers.
RPO has noticeably grown over the past few years and has emerged as a really convenient, affordable, and efficient technique that allows a business to focus on the larger picture and meet their goals without getting buried under extra burden. This is, precisely, why it is a better alternative.
Maintaining Quality to fill a position in an organization is of prime importance, however, in-house recruiters have to go through a lot of candidate profiles and may not significantly look at the qualities that can attract a candidate to your required position. Our experienced recruiters are completely bound to tracking and performing in-depth screening of candidates, which helps in finding the right candidate in time according to your requirement.
- The biggest difference is an RPO doesn’t end with filling a position that’s gone unfilled but also working with an organization’s recruiting process as a whole. RPO will also look at turnover rates, technology, scalability, and how much time it takes to fill a position.
- Recruiting outsourcing supports you to compete better with the leading companies by recruiting exemplary candidates. It can also help you boost your existing productivity by finding the ideal candidates who could be the keystones in making your business successful.
- It is a cost-effective
approach,when managed well with a quality provider, RPO can reduce time to hire by 40 percent and deliver cost savings of more than 50 percent.
- An RPO also provides an end-to-end solution from forecasting to sourcing, assessing, scheduling, placing, on-boarding, and reporting while utilizing expertise, innovative technology, and key performance indicators.
- Its Time-saving service is another significant benefit. This can dramatically reduce time-to-hire, cost-per-hire, with improved quality of hire, reporting, and scalability. Aging job openings without traction may lead to a potential negative impact on the company’s performance. As RPO providers have vast experience in challenging the time-to-hire deadlines, they assist you in recruiting the appropriate candidate in right time.
Recruiting Process Outsourcing provides transparency by measuring and tracking performance through regular reporting on key performance indicators (KPIs) and service level agreements (SLAs).
Usually, organizations spend more money on office space, advertising on job boards, applicant tracking system, background screening, and recruiting technology. The RPO provides its experienced recruiters as an extension of your on-shore team who work off-site from the RPO’s office without having you to worry about the space to have an in-house department.
RPO gives you complete control over the dedicated recruiter who will perform 360 recruitment activities for your organization. It helps you get the work done while having a chance to see the proceedings right in front of you. You can, therefore, react to any issue that might come along the way within a very short frame of time. Therefore, you have full control over the quality and quantity of the end product.
Usually it becomes quite difficult for the in-house recruiters to maintain follow-ups with each candidate. An RPO provides a standard and a consistent approach in establishing follow-ups and keeping the candidates updated about where they stand in the recruiting process. RPO can help get everything together and make the recruiting process smoother, consistent and predictable for both parties and across the entire organization. This makes it easier to keep each party on the same page during the Full lifecycle recruiting process.