RPO means Recruitment Process Outsourcing. It’s a form of business function outsourcing, helping companies to offload a part or full execution of their functional activities related to talent hiring. This form of service enables clients to create efficient talent pipeline, hire the best talented employees and contractors to fill open positions, and fulfill related talent acquisition requirements in a cost, quality and time effective manner.
RPO objectives
RPO enables many flexible features, and benefits that help all size/types of companies to have customized hiring solutions fitting to their unique needs, allowing core HR team to narrow their focus on complex Human capital management.
• Reduce cost & time – save on hiring
• Scale up or down – as per need
• Dedicated hiring experts – modern recruiters
• Customized hiring solutions – as per need
• Lean recruiting team and structured process
Overall, RPO adds more value, structure, efficiency and alignment in companies’ hiring process. It helps companies improve their in-house recruiter accountability, quality of candidate and save time. Companies pay the price only for what part of service they used and optimize cost.
RPO idea
80% of Companies’ success and growth depends on continuing innovation and leading the change in the areas of Research & Development, Product & Service Quality, Sales & Marketing, and Customer Satisfaction. To fulfill all these essentials, companies need the best employee base, management and leadership team who increases collaboration, mentoring support, and play a big role to make every teammate competent.
To build such a team you need the best recruiting support that assist sourcing, screening and hiring the best fitting talent on the team.
Transparency between recruitment agency and company is very important. It helps understanding actual talent acquisition need, market trends, and give a real idea of who, why and how to select best talent as per position’s actual need. RPO model is enabled by expert recruiters with such a focus on transparency and alignment with company’s talent needs.
New and small companies don’t have big hiring budgets, in house recruiting team, ATS (applicant tracking system) that tracks applicants to keep up with hiring needs, and necessary tools/techniques to find best talent for the team. RPOs provide best recruitment solutions, and fulfill hiring needs in a small recruiting price. It also helps big corporations to outsource part of their sourcing or any other sub step of recruitment process on a perpetual and scalable per-seat basis to achieve predictable outcome at predictable cost, and can scale up or down their investment forecasts.
RPO model is a pay per performance model that work according to predetermined goals and metrics. RPO service provider pay more attention on all recruitment service functions compare to a general placement or staffing agency. They work harder, then smarter to source best talent for their client. As RPOs are focusing on one or more recruitment functions only, and with the accountability fully retained through the proven outsourcing idea, makes them master in recruitment. To hire best candidate, recruiters need critical cross domain knowledge, sourcing skills and best selection experience to hire A player who keep team competent and focused to win.
To be the best at their trade, RPOs must bring this idea to work.
Commitment
While it brings many unique features and benefits, RPO is not a set-it-forget-it solution. RPO provider requires your commitment for strategic partnership. It requires your time and support in early days of implementation to understand your requirement, strategy and culture. You should also be prepared to give it three to six months of time to achieve desired results – be it about cutting time-to-close to days instead of months, or hiring overheads to less than half, or to improve new positions to backfill positions ratio.
Conclusion
In today’s fast growing competitive business world your organization need external hiring support to stay competent in the market. You need modern talent acquisition model, and recruitment process to maintain competitive edge. Need best Recruitment support which provide consistency, scalability, and quality in your internal recruitment process. RPO is the best solution for the company’s human capital growth.
