Recruitment Process Outsourcing (RPO) is one of the fastest evolving sections in the recruitment sector. As we dig deeper into globalisation, there is a diverse generation of businesses. These businesses are searching for the right talent to not only perform varied tasks but also help them compete in the market. While RPO has only been introduced for about 15 years, it has captured a lot of attention. And rightfully so. By entrusting their recruitment needs to RPO providers, organisations can step back to focus on their growth and development strategies. In effect, they can emphasis on maintaining a healthy workforce to drive them towards their goals.
More often than not, companies have a restricted timeline and budget when looking for candidates to fill their vacancies. Consequently, they cannot invest more in either to increase the outcomes. Factually, hiring new employees and shaping them into their roles and company culture requires a financial calibre. Well, not entirely true. Organisations can always outsource their needs to save company funds. RPO helps them save both time and money, among other resources. They can get the most profitable results while making the least expense. As a result, partnerships with RPO providers can boost the productivity of the company while significantly implementing cost-effective solutions.
Save per Recruit
One of the key factors of having an RPO provider on board is saving money on salaries. The process of hiring, onboarding, and training new recruiters can be challenging for a variety of reasons. BigHr claims that an HR professional earns 80 thousand dollars in a year by partnering with an RPO provider. Factually, they can get it done at half the cost of what they would with the in-house team. While RPOs get the best candidates on board within the timeline, they further help organisations save money per recruit. Each role vacancy bursts into investment in sourcing, screening, paperwork and other administrative duties. Moreover, training is bound to follow. Organisations can avoid these by simply hiring an RPO provider.
Overcoming Training Challenges
Finding the right candidates is often a myth. Organisations aim to find candidates who meet the basic criteria of the job and are adaptable to their culture. They further invest time, money and other resources to train the new hires for the initial months of their jobs. This can result in challenges in figuring out the best training methods, materials and productivity-increment techniques. But before that, the organisation has to elect an employee to host these trainings with the best of their knowledge. Particularly, no one is a jack of all trades. Except for RPO providers. They familiarise themselves with the right skillsets required for varied job roles. When finding candidates to meet a job vacancy, they put this expertise into selecting, screening and training the selected candidates to ace their roles.
No Fines and Dues
RPO providers specialise in HR. Hence, they make it their business to constantly with changes in policies, new trends and other advancements. They can make strategies to effect these changes to avoid fines and penalties. On the other hand, when companies fail to communicate the same with their employees, they can face negative impacts. Worst-case scenario, the misplaced trust can give their competitors an edge over them. RPO boosts the HR department in varied industries and can help save organisations from facing potential losses.
Save on Softwares
From recruitment to training to management, the HR teams of today need to stay well-informed and equipped with advanced technologies and software. One could be utilising the software for job listing, applicant screening and more. Factually, there is no corner in today’s world which is untouched by technology. The software is not only an investment towards an unknown result but it could have reoccurring charges. Whereas, with an RPO provider on board, organisations can avoid spending on the first 3 areas. However, this could vary as per the services agreed upon. RPO agencies can notably help the organisation adjust hiring timelines, improve interview strategies and revisit salary ranges as per their tech-savvy expertise. Further, they can offer the management of employee time, attendance, training, education, payroll and other aspects.
Cashing Time of Today
The sitting hen doesn’t always lay eggs. Definitely not in the situation of a vacant job role. The longer the position remains open, the company is bound to lose credits on potential revenue, employer branding and productivity. Not to mention, it would hinder the overall performance of the department. But hiring does take that long. Listing vacancies on physical and digital media and job portals, spreading the word, screening and selection and so much more till that 1st day with the new hire. Regardless of the time schedule and strict budget, no one can really promise results with in-house HR teams due to their limited candidate pool. With PRO providers, you have a larger ocean to dive in. All while the in-house team does what it is best at and helps the organisation convert time into money.
Work while you Sleep
Recruitment Process Outsourcing is a streamlined process. Once the service provider has an understanding of your requirements, company culture and goals, they work around the clock to get the deal done. It doesn’t require further involvement from either the HR team or the company heads. You are practically working in your sleep. RPO providers have a qualified team of professionals handling every step of the recruitment process. It eliminates the need for micromanagement or supervision. Once the task is done, the RPO providers share a list of potential candidates for the final interview with the organisation.
Sounds efficient, doesn’t it? Connect with Eximious Global and start recruiting efficiently and effectively today!
