As we start to see signs of improved outlook for hiring plans in 2021, finding the right talent for your business will become more crucial than ever as competition ramps up.
Is your current internal talent acquisition team ready to handle the onslaught of hiring challenges coming their way and do they have the resources on hand to support your organisation’s talent needs? If the answer is no and your organisation is seeking to accelerate their recruiting efforts this year, consider a recruiting partner that offers Recruitment Process Outsourcing (RPO).
RPO is where an employer transfers all or part of its recruitment processes to an external service provider. The RPO provider can handle a variety of recruitment steps such as sourcing high-quality active and passive candidates, analysing the internal mobility of the company’s current employees, building talent pipelines, conducting background investigations and upholding legal requirements.
Leveraging RPO services can bring value and generate proven results for your organisation in these five ways:
1. Scalability
The ability to scale based on varying hiring requirements is key when an organisation must hire a large amount of talent, especially when they need to hire fast. This is often the case for companies that have just raised capital, landed a big client or won a major grant. RPO can help your organisation meet hiring deadlines without sacrificing productivity, as most RPO services can be scaled up or pared down.
2. Customizability
Hiring needs can sometimes be unpredictable, like being faced with an unexpected hiring spike to fill over 200 junior level roles within a 6-week timeframe. Is your internal recruitment team equipped to handle this large-scale recruitment initiative? Do they understand the market for this type of talent? RPO allows you to be confidently reassured that your company will meet all needs. It grants you the opportunity to customise the hiring process that aligns the most effective recruiting tools to the specific skill set you need while simultaneously meeting tight deadlines.
3. Cost-Effectiveness
The hiring process can become quite lengthy, wasting valuable time and money. One way to save those resources is by partnering with an RPO provider to streamline your recruiting processes. RPO implements a clear strategy with strict timelines to reduce time-to-hire. A targeted recruiting process should generate higher quality hires who will have a more positive impact on your organization therefore reducing turnover rates.
4. Technology
Recruitment methods have become more tech savvy in recent years, from integrated applicant tracking systems to AI-based recruiting platforms. Unfortunately, most organisations don’t have the ongoing volume of open jobs to justify the expense of some of these technologies on their own. By partnering with an RPO provider you don’t need to worry about investing in new tech for your recruitment needs, as it will be a part of your RPO package and can help to significantly increase the quality, alignment and size of your potential candidate pool.
5. Support
Currently, internal recruitment teams are stretched pretty thin. Working with an RPO provider can offer additional support to help with hiring searches, opening up your employees to work on other business priorities. Partnering with an RPO provider allows your HR team to redirect its recruiting strategy and focus on fewer hard-to-fill or strategic searches while the RPO concentrates more on high volume repetitive openings.
Whether your company is planning to re-hire this year or you’re looking to find a cost-effective hiring strategy to meet growing talent needs, our RPO service can deliver the ideal solution that aligns with your unique recruitment needs. Contact us to learn how we can help you: Monroe Consulting Group