If you're considering a change in RPO providers, you must build a business case to support the change. Here's how to start:
01. Evaluate your current state: Ask questions about your existing provider’s recruiting capabilities, costs, and results. The insights will help you assess other options to determine which gives you a competitive edge.
02. Set your requirements: There’s no one-size-fits-all solution. Consider which talent acquisition model best supports your company’s unique hiring needs.
03. Assess the true cost of talent acquisition: Calculating your current spend means looking at both hard and soft costs. Look at costs related to sourcing, addressing talent gaps, and enhancing the hiring process, and how a more sophisticated partner could reduce these costs.
04. Uncover opportunities for other bottom-line impacts: Support from the right RPO partner for your company can deliver value that ripples across the business, such as:
- HR impacts: Transforming your approach and improving talent acquisition results to enhance the value of HR as a strategic business partner.
- Workforce impacts: Delivering higher-quality and better-fit talent that’ll help you achieve increased productivity and stronger business performance.
- Strategic impacts: Attracting talent that better aligns with your strategy and helps achieve business goals.
05. Understand stakeholder priorities: Successfully changing business partners requires buy-in and support from many of your company’s stakeholders. Make a shining business case by answering their top questions:
- C-suite: Do we have the talent and industry and market insight to achieve our strategic objectives today and in the future?
- Business managers: How do I find, hire and keep the best talent?
- HR: Are we meeting the needs of the business?
- Procurement: How do we get the greatest value at the lowest cost?
Humans naturally dislike change. Prepare to address weary stakeholders’ concerns and help them see the positive aspects of your new RPO relationship, including: streamlined processes, enhanced technologies, reduced workloads, and improved candidate and hiring manager experience.