Cost efficiency has long been the main priority in recruiting programs, and a key reason businesses choose to adopt the RPO program. But the business benefits of RPO extend well beyond the recruiting budget. Today’s sophisticated RPO models have the power to fundamentally transform each stage of the talent acquisition process, resulting in a streamlined, efficient and fully optimized recruiting strategy that drives measurable business impact.
1. expanded talent pool.
Today’s market is plagued by talent scarcity, making it more difficult to engage with and attract qualified candidates. RPO providers typically have extensive databases of candidates, the sourcing expertise and proven methodologies to ensure quality candidates are matched to their clients’ crucial positions.
2. employer branding expertise.
Just as important as access to talent is projecting the company in ways that make the right candidates want to work there. HR leaders might not always have the time and resources to clarify their company’s employee value proposition (EVP), or they may lack the internal expertise to deliver a robust employer brand strategy.
RPO providers can fill this void, researching a company’s brand and competitor positioning, aligning employer brand strategy with company brand and vision, and developing recruitment communications tailored to that messaging.
3. ensuring compliance and mitigating risk.
Complying with existing regulations around the hiring process – and staying up to date with any changes – can be a challenge for any busy organization. RPO helps by mitigating many of the risks that can result from non-compliant hiring practices. With an understanding of local and international labor laws, RPO providers are well versed in navigating complex legal requirements and helping employers develop compliance-focused, low-risk hiring strategies.
4. enhanced speed of hire.
RPO providers work closely with hiring managers to understand specific job requirements, while also implementing service level agreements (SLAs) requiring requisitions be processed within tight time frames. Combined with rigorous screening and assessment, as well as streamlined offer presentations and onboarding, the result is a quick and efficient hiring process.
5. better insight through analytics.
RPO providers can apply historical data to reveal future trends and needs, while also helping businesses understand performance metrics, conduct more effective talent supply and demand modeling, and correlate metrics to business performance outcomes.
As a result, an RPO can transform talent data into business intelligence, ensuring employers will fill positions with right-fit candidates and helping inform business decisions – such as where to open new operations – that depend on availability of resources.
Are you interested in more information about outsourcing your recruitment process? Do you want to know if it's the right solution for your company? Read more or contact us.