Outsourcing often gets a bad name. But when it comes to your recruitment function, it’s likely the missing piece for maximizing cost efficiency and preserving your brand reputation. Collaborating with an external recruitment partner will successfully transform your approach to talent acquisition and deliver measurable business results faster.
Here are 10 benefits of a recruitment process outsourcing partnership:
1. Reduces costs
Companies are constantly looking for ways to reduce recruitment costs and increase efficiencies while maintaining their ability to recruit the best talent. That's one of the major benefits of Recruitment Process Outsourcing (RPO): it delivers cost-effective, scalable solutions that remove the need for expensive agencies and streamlines every aspect of the recruitment process – from sourcing talent to onboarding new hires – delivering a higher quality of candidate, faster.
Working with a recruitment partner can reduce your cost-per-hire by between 40% and 60%.
2. Centralizes recruitment function and expertise
The recruitment process has become increasingly complex, and you and your team may be responsible for handling this process in addition to your other responsibilities. After all, organizations are being forced to do more with less and the HR function is no exception.
When internal resources are limited, finding the right recruitment partner allows you and your team to focus on other strategic initiatives knowing that skilled experts dedicated to your organization are handling your talent acquisition needs.
3. Develops an employer brand and employee value proposition
The right recruitment partner will ignite your employer brand to achieve powerful results and drive additional RPO benefits. You’ll get a consistent, engaging candidate experience that aligns with your organizational values and nets top talent. They can also go further by helping you optimize your approach to save costs and drive greater value across your employee lifecycle, increasing your return on investment as well as your performance.
4. Improves process and efficiencies
Companies cannot afford to delay the development of plans and processes that will help meet their long-term workforce needs. Strategic workforce planning is what high-quality recruitment partners do best.
The right partner can help rethink how your organization acquires talent and transform your recruitment strategies to better meet objectives. It can do this while reducing costs, decreasing time-to-hire, and creating an enhanced process for candidates and hiring managers.
5. Encourages scalability, agility and flexibility
Due to the inevitable hiring peaks and troughs throughout the year, no internal team is ever the right size all year round. Attracting the best recruitment experts to work in-house is a significant challenge and retaining them through the slow seasons is even more difficult.
Recruitment providers attract and retain the world’s best recruiters because of the ability to offer progressive, global careers. That means your recruitment partner is uniquely positioned to ensure the immediate flexibility and scalability of world-class recruitment talent to meet shifting demand. A recruiting partnership allows your business to remain agile in a fluid market.
6. Utilizes recruitment technology, tools and management information
The right selection of recruitment technologies and marketing tools are key when it comes to finding the best talent. They enable you to identify and source job seekers, engage passive candidates, reduce time-to-hire and improve the candidate experience.
RPO benefits your company by serving as a recruitment partner that provides resources, marketing and technical expertise that would otherwise come at incremental and often prohibitive costs to your organization.
7. Boosts candidate quality, experience and retention
A typical in-house recruitment team has a recruiter managing the entire process, which often leads to a decline in candidate quality, experience and ultimately retention due to time constraints and lack of expertise across all stages of the recruitment process.
By compartmentalizing the recruitment process and providing experts in each function, recruitment partners can optimize candidate quality, experience and retention rates.
8. Allows a recruitment partner to enhance your team's expertise
Technology, employer branding, planning, attraction, engagement, assessment, and onboarding – only a dedicated business can be the best at it all. The right recruitment partner will allow your team to focus on other business-critical objectives, safe in the knowledge that recruitment is being managed by true experts.
Scheduled skill enhancement programs will ensure your HR team is up to speed on the latest tools and best practices of the trade. Whether your agreement is on a short- or long-term basis, the right partner will make sure your HR team’s skills are upgraded during the process.
9. Decreases time-to-hire
Time-to-hire can be an enormous challenge. Organizations struggle not only to find the right talent but also how to quickly onboard new hires. This can impact productivity and profitability. Planning, process efficiencies, and a dedicated recruitment team that excels at identifying and overcoming negative influences all help reduce time-to-hire. A recruitment partner will deliver this and all the other benefits RPO has to offer.
10. Adds value and innovation
Engaging with a recruitment partner gives you immediate access to experts who live and breathe best practices, whether in technology, employer branding, planning, attraction, engagement, assessment, or onboarding.
RPO benefits your organization with institutional knowledge that can be incorporated into your talent acquisition strategies. The expertise you gain through recruitment partnerships will improve the quality of your hiring process, reduce risk, enhance retention, and ultimately, give you and your organization a distinct competitive advantage.
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