Outsourcing within the recruitment industry is typically known as Recruitment Process Outsourcing (RPO). It involves an employer transferring all or part of its recruitment process to an external partner. RPOs are often employed as a recruitment solution, when an organization is going through a relocation. They even go through mergers and acquisitions. There are a wide range of benefits to the RPO model, but we have identified the five most important. Now let us see all the Benefits of Outsourcing Recruitment point to point.
Reduced cost
One of the prime benefits of using an RPO is its cost-effective. It is often cited as the primary motivation for organizations to adopt this model. Many companies see their recruiting costs spiral with head-hunters, job boards and high turn-over adding to costs. An RPO provides an integrated recruitment solution and is judged on quick turnaround, reduction in cost and quality of hire. The solution is designed with all three factors in mind.
Also Read : Benefits of Outsourcing Recruitment
Scalability
Many organizations experience peaks and troughs in their staffing requirements. Peak periods for retailers, manufacturers, and supply chain management companies. Require staffing runs which can prove costly if handled in isolation. An RPO offers the option to scale up and down on recruitment activity and resource to meet the specific needs of the client. This is also an ideal solution for organizations going through expansions, or opening new locations where many hires are required by a strict deadline.
Reduced time-to-hire
One of the single greatest barriers to a cost-effective recruitment process is an inflated time-to-hire. Poorly managed recruitment inevitably increases time-to-hire as interviews drag on and good candidates are snapped up by the competition. This can lead to a lot of wasted time and money with little to show but vacant job roles. The RPO model puts robust processes in place to mitigate these delays and ultimately secure the best talent in the quickest possible time.
Improved candidate quality
The right candidate is more than the sum of their skills and experience. There are myriad factors that go into identifying the right person for the right job. The Outsourcing Recruitment RPO provider has the resources at hand to search far and wide for the people. They know who is the right fit candidate and can bring the qualities necessary to implement change. What’s more the provider has a constant stream of candidates available. As opposed to the hiring manager who may only search for candidates as and when a job needs to be filled.
Analytics and reporting
One of the often-overlooked benefits of an RPO is the data which can be gathered throughout the entire process and over multiple hires. Analyzing this information not only allows for real-time reporting and insights which can help with decision making but can offer actionable insight into the efficiencies of an organization’s recruitment methods. This allows for a constantly evolving and improving recruitment process which over time will further improve the efficiency, cost-effectiveness and ultimately, the quality of hires.
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