Human Resources (HR) is on the move.
Now, more and more companies are turning to Recruitment Process Outsourcing (RPO) providers to manage their HR functions from training to payroll processing, termination, and everything in between.
And there are good reasons this trend is on the rise.
You see, outsourcing allows a company to offload work that isn’t part of its core business. That way, the organization has room to double down on what matters without worrying about attracting top talent.
Is that the only reason you should outsource HR functions? No! There are many benefits of transferring all or part of your recruitment processes to an external provider.
Read on to find out why you should outsource HR services.
But, first things first.
What is Recruitment Process Outsourcing?
RPO is the process of hiring an external provider or service to perform your recruitment functions on behalf of your company.
RPO providers not only help you fill vacant positions but also restructure your recruiting processes to enable you to find and retain better talent.
The RPO firm offers the necessary skill sets, hiring methodologies, and recruitment technologies on-site, off-site, or virtually.
RPO services include:
- Candidate research
- Reporting and audits
- Technology consulting
- Compliance tracking
- Hiring manager training
- Third-party vendor management
Benefits of Recruitment Process Outsourcing
Now that you know what RPO is, here’s a rundown of how partnering with an RPO provider can enhance your talent acquisition program.
1. RPO Makes the Hiring Process Faster and More Efficient
According to a Deloitte study, it takes an average of ninety-four days to hire engineers, researchers, and scientists – that’s a long time, for sure.
While you may not necessarily be looking to hire a researcher, recruitment process outsourcing can help you land the right candidate for the job a lot faster.
By leveraging innovative talent technology, an RPO provider can engage and narrow down the ideal candidates for the job in no time.
RPO recruitment solutions may include:
- AI-powered technology to identify top talent within minutes of job requisition
- Mobile apps that allow online application, scheduling, and screening
- Video interviews and digital assessments to streamline the hiring process.
- Data analytics and machine learning to pick and rank the best candidates, further simplifying the screening process.
- Digital and social media requirement marketing to reach potential candidates through optimized descriptions, career portals, and customized ads.
- Predictive analysis to help gain better insights about top talent behavior and predict factors such as the willingness to stick with the employer for the long term.
Outsourcing HR functions allows your organization to keep up with the ever-changing recruitment trends, enabling you to compete with other companies in the same industry when it comes to talent acquisition.
2. RPO Can Elevate the Applicant’s Experience With Your Company
Poor candidate experience is the number one reason for the lack of engagement and communication between applicants and potential employers.
An RPO service can bring in the “human touch” by leveraging technology and dedicated resources to engage candidates throughout the recruiting process positively.
A good RPO firm has a team of seasoned recruiters who know how to keep applicants engaged and informed during interviews.
The engagement enables a candidate to learn more about the opportunity at hand while giving the interviewer enough latitude to know if the person is fit to work for the organization.
While not every applicant will get hired, the candidates need to leave the recruitment process with a positive experience.
The thing is that applicants who feel like they didn’t have a good experience during the hiring process are more likely to tarnish your name, perhaps out of disappointment or malice.
Certainly, you don’t want your brand to be labeled as a bad employer since that might hurt your ability to attract the best talent in the future.
3. RPO Can Help Improve Your Cost-Per-Hire
Unfilled roles harm your company’s productivity which in turn leads to revenue loss.
Further, an inefficient hiring process can result in lost work hours. Even worse, if you hire the wrong person, you’ll spend even more time and money on training or finding a replacement.
By optimizing and streamlining the hiring process, RPO firms can increase your recruiting ROI and deliver cost savings for your bottom line.
Also, apart from improving your time-to-hire and employee retention, an RPO provider can bend to accommodate your specific requirements. For instance, when you need more talent, the provider can promptly adjust their scale to meet your needs.
Inversely, when there’s less demand for talent, the RPO service can scale down, enabling you to save on recruitment costs and avoid layoffs.
The point is that by evaluating your unique demand for talent, the RPO firm can recruit on a project or on-demand basis, ensuring that at every point in time, you have the correct number of people working for you.
4. RPO Will Help Hire Quality Talent
The primary purpose of engaging the services of a recruitment process outsourcing firm is to ensure that your organization gets the top-of-the-cream talent, irrespective of your industry.
With an experienced RPO service by your side, you can be sure that the time spent on sourcing, screening, and onboarding talent will not go to waste.
In addition, established RPO firms have talent pools. That way, if a position falls vacant, you can get a replacement in a couple of days. And, with the race for top talent becoming more competitive, it makes perfect sense to turn to passive and underutilized talent pools to draw the right people.
Gaining exclusive access to these highly coveted talent pools, you can quickly secure the services of in-demand candidates.
5. RPO Ensures Your Organization Compliance with Local Hiring Regulations
Local recruitment laws and regulations vary from state to state. And, you must comply with the laid down rules regulating how people get hired in your region. Put differently, you must be conversant with hiring laws in your state.
Complying with these rules is a challenge for the HR department in many organizations since employment laws keep changing from time to time.
A poorly structured or misinformed hiring process will not only expose your organization to liability but also reduce its chances of drawing top talent.
Partnering with a professional RPO service can help you recruit the right way from the get-go. As a standard, RPO firms have deep knowledge of the existing labor laws, enabling you to remain compliant throughout the hiring process.
6. RPO Can Help Your Organization Strategize How to Attract Top Talent
In addition to offering crucial support to your HR and recruiting teams, an RPO firm can help you roll out technology solutions to help you launch targeted talent acquisition campaigns.
At Signalytics, we offer a wide range of value-added services to meet the demand for innovative, proactive recruitment. When you partner with us, you also benefit from:
- Talent sourcing best practices and skills
- Analytics and reporting to help you keep up with the latest hiring trends
- Technology consultation and upgrades
- Industry-specific hiring expertise
- Passive candidate engagement
Talent acquisition is dynamic and evolving fast, so any RPO service worth your attention should provide you with services that optimize and streamline every phase of the recruitment process.
Indeed, there are many benefits of outsourcing HR functions.
But, before you partner with a recruitment process outsourcing service, make sure they have what it takes to deliver the kind of talent you want to hire.
Further, ensure they’re reputable and experienced. You want to work with an RPO firm that knows what it’s doing.
At Signalytics we’re committed to helping you hire the right talent through our recruitment services and, by doing so, enable you to achieve your goals.