The Recruitment Tool Your Competition Is Already Using
We know that following the Great Resignation, there will have to be a great rehiring. Your organization may already be experiencing the pain points of looking to find talent for hard-to-fill roles, or growing rapidly and requiring quick hiring in short bursts. Since this time of change has touched pretty much every industry, it's likely that your organization will need to accelerate your recruitment efforts in the next several years. The question is: Do you have (or need!) the in-house capacity to do so?
Recruitment Process Outsourcing
Recruitment process outsourcing (RPO) is a form of business process outsourcing (BPO) whereby a company puts all or part of its recruitment process in the hands of an external service provider. The RPO in question can provide its own staff, technology, strategy, and methodology to the organization that needs recruiting support, or they may choose to work through the company's current human resources staff.
The RPO Model - Image Credit: ERC
RPO takes the recruiting lift off an organization's shoulders by shouldering the management of all or some of the recruitment process, as well as the responsibility of its results.
According to Research and Markets' latest report, the demand for recruitment process outsourcing will grow almost 15% annually from now through 2030. Why? RPO comes with a host of serious benefits for your organization, including:
1) Bolsters Your DEI Strategy
You want to attract top talent, and top talent rightfully cares (a lot) about Diversity, Equity, and Inclusion. In fact, 86% of candidates in a recent Monster survey said that DEI in the workplace is important to them, so it needs to be to your organization, as well. A recruitment partner can strategically support with creating a more inclusive recruitment process, ensuing that your candidate pool authentically reflects the makeup of our world, while also creating, finessing, and/or highlighting your DEI strategy and values for candidates.
2) Minimizes Your Spending
RPO is an up-front investment that saves you money in the long-term. Your recruitment partner will ensure that your time-to-hire and cost-per-hire decreases while simultaneously making your overall hiring lifecycle more efficient. Since RPO's guarantee their work, you'll also reduce attrition over time.
3) Fluctuates to Fit Your Needs
If your organization is smaller to mid-sized, using an RPO can be a fantastic option to customize the recruitment process that you need in the moment. Recruiting partners are adept at quick hiring and mass hiring, and they're a great choice when you need a team that can keep up with your growth. On the flip-side, RPO's are there for smaller, more targeted jobs, too, and they can be called in (or out) as you need them.
4) Makes You More Efficient
A recruiting partner is just that: a teammate who is an expert at hiring. While recruitment processes have changed dramatically over the past several years, an RPO's job is to stay on top of the game, utilizing the newest methodologies, technology, and strategy. When you put your recruiting needs in the hands of an RPO, you'll get the benefits of all the recruitment tools of the moment without the need to keep up with the game yourself.
5) Allows You To Focus On What You’re Best At
When you utilize a Recruitment Process Outsourcing service, you and your team are able to focus on what's most important to your business while a pro takes care of bringing in more people to do the work and do it well.
Sounds Simple, Right?
In the right hands, it really is! Reach out to Agile Talent Consulting today to learn about how our embedded recruitment support model can help you reach your sourcing and hiring goals.
