8 Benefits of Outsourcing Recruitment
February 16, 2023
Getting the right talent on your team is essential to your business’s success, but the modern recruiting landscape is more competitive than ever before. Across every industry, organizations are facing new and evolving challenges when it comes to finding and securing qualified candidates, not to mention the growing skill and knowledge gaps.
To enhance their talent acquisition function and gain a competitive edge in the job market, many employers are shifting tactics toward an outsourced recruitment approach. But what is recruitment process outsourcing, and why are companies switching to this model?
Let’s take a closer look at what recruitment process outsourcing is and how it can help your business:
- Attract high-quality talent.
- Improve the employer brand.
- Streamline the entire recruiting process from beginning to end.
What is Recruitment Process Outsourcing?
Recruitment process outsourcing (RPO) is when an employer partners with an RPO firm to design and deploy a tailored talent acquisition process that delivers qualified candidates in the short and long term. An RPO partner acts as an extension of your talent acquisition team, taking on part or all of your recruitment function.
How Does RPO Compare to Traditional Recruitment Methods?
The primary goal of any recruitment service provider, whether it’s an RPO partner or a recruitment agency, is to help employers find the right employees. However, there’s an important distinction in the way each of these solutions goes about finding and securing potential candidates.
Whereas a traditional recruiting firm is motivated to expedite the hiring process due to the fees they collect on each placement, an RPO partner helps your business develop a long-term, proactive candidate pipeline. Whether you need end-to-end support throughout the entire process, or you just need to outsource recruitment for a specific hiring initiative, RPO offers a dedicated team to help you with business-critical recruiting functions.
The Benefits of Outsourcing Your Recruitment Function
Outsourcing certain or all recruitment functions is becoming an increasingly popular option for employers, evolving out of a need for high-quality talent often with specialized skill sets. This type of recruiting solution has significant benefits for businesses looking to reduce costs and attract better candidates, especially over traditional methods.
Here are the top eight key advantages RPO can bring to your business:
1. Streamline the Entire Recruitment Process
An RPO partner can manage your entire recruitment process, enabling you to streamline hiring initiatives with a proven, consistent methodology. They’ll meet your business where it’s at to help you develop a proactive talent pipeline while keeping your hiring managers and executives updated throughout every step. That way, you can eliminate inefficiencies and keep operations running smoothly.
2. Decrease Time-to-Hire
According to the Society for Human Resource Management (SHRM), the average hiring process takes nearly 28 days from the point an application is submitted to the moment you hire the right candidate. This lengthy period poses a serious challenge to organizations looking to secure the best talent before the competition. An RPO provider works with you to minimize the time it takes to make the right hiring decision and close a deal, ensuring you have the best selection every time.
3. Recruiter Insights for Hiring Abroad
If your company is seeking employees outside of your borders, whether for an international location or a remote position, an RPO partner can provide invaluable regional insights. Learn about local employer regulations, salary information, and the best channels and locations in which to start looking. With this advanced knowledge, you’ll have no problem finding quality candidates wherever you need them.
4. Reduce Recruitment Costs
One of the primary benefits of working with an RPO partner is the ability to minimize the cost of talent acquisition. Whether agency expenses are adding up, or you’ve become all too familiar with the cost of a bad hire, RPO provides a cost-effective solution for high-quality candidates. With an RPO partner, you can eliminate waste and improve efficiency across the board, saving money that’s better spent on revenue-generating activities.
5. Expand Your Talent Pool
Job boards and fairs are a great way to recruit for some positions, but most highly skilled talent and executives aren’t going to apply based on a short pitch or ad. In fact, LinkedIn estimates that 70% of the global workforce are passive candidates — those who aren’t actively searching for jobs. An RPO provider helps you boost your employer brand and provides access to extensive talent networks to not only attract but convince candidates to come work for you.
6. Qualified Talent for Specialized Roles
Finding and securing the right candidate for a highly specialized position can be incredibly challenging, especially as competition becomes fiercer. You need a recruiter with deep knowledge of the industry, required skills, and personality types that mesh with your company and fit the position. When you work with an RPO partner, you get this niche expertise, allowing you to achieve and exceed hiring expectations.
7. Minimize Employee Turnover
A common complaint among hiring managers is that their current processes or agencies aren’t effective enough at identifying which candidates will fit not just the position but the company culture as well. This issue often results in high turnover rates that cost your organization time and money. Your RPO partner will completely immerse themselves in your organization and company culture to fully understand what it means to be an employee and minimize the risks of a bad hire.
8. Flexible RPO Models
Whether you’re looking for temporary workers to meet seasonal hiring demands or you need full-lifecycle support, an RPO provider will meet you where you’re at to develop proactive processes and strategies that deliver the right talent whenever you need it.
At Envision, we offer complete flexibility with three RPO models:
- End-to-end RPO covers the entire recruitment process from sourcing candidates to securing each hire.
- On-demand and project RPO provides short-term support for fluctuating hiring needs.
- Talent acquisition consulting gives you expert advice in all aspects of the recruitment process.
Interested in outsourcing your recruitment process to a team of experts? Reach out to Envision today.