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Five Key Benefits of Outsourcing Recruitment
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When you need to fill a niche position or have to hire a significant amount of people, perhaps due to an acquisition or merger, it could be in your best interest to outsource the recruitment process. Known as Recruitment Process Outsourcing (RPO), this allows you to unload the majority of the burden onto an external partner.
There are a multitude of benefits that come along with RPO. Here are just a few of the highlights.
Financial factors are always major player in any business decision, so it’s imperative to address this topic right away. When you’re hiring, costs like job boards and head-hunters can rack up a high bill. But an RPO integrates the entire process into one solution, with an emphasis on efficiency, low cost, and a high-quality hire in the end. Because a recruitment firm is judged on how well they achieve these three goals, they consider saving you money a priority.
If you rely on your HR team for staffing, you may have a shortage of help during peak hiring periods and some waste during lulls. Because the pace of hiring is very rarely stagnant for a company, you may run into this issue often. But with an RPO, you can adjust the activity to meet your needs in the moment. You won’t overpay when you’re not hiring, and you’ll be able to hire quickly when you are in need of employees. This is especially great during organizational changes, when turnover is high and all hands are needed on deck.
Recruitment takes time. But that doesn’t mean that your organization needs to waste time juggling it with the regular day-to-day. The RPO model allows your business to carry on as usual, while an outside firm works hard to find your perfect candidate. Because recruitment is their main priority, and because they are experts in it, they will find you excellent talent in as little time as possible without affecting the flow of your business at all.
Improved Candidate Quality
There are a lot of boxes that the right candidate needs to check. Skills and experience alone do not cut it. It’s also a matter of culture fit, matching expectations on both side of the process, and more. An RPO comes with the resources that will enable them to find the right person for each unique position. Additionally, they have an ever-growing pool of candidates that they’ve become acquainted with throughout their career. Their network stretches far and wide, which makes their search much easier that it would be for a typical hiring manager.
Analytics and Reporting
One of the often overlooked benefits of an RPO is the data which can be gathered throughout the entire process, over multiple hires. Analyzing this information can reveal important insights that both aid in decision making and improving an organization’s recruitment methods. This means that an RPO is constantly evolving and improving their process, leading to increased efficiency, cost-effectiveness and ultimately, the quality of hires.
At Michael Page, for example, we benefit from the knowledge, systems, and expertise gained from over four decades in recruitment and 6,000 recruitment consultants globally. We are able to act as a true business partner for our clients by offering comprehensive talent sourcing and recruitment solutions to meet objectives at many levels and across multiple countries.
Learn more about us by reaching out to one of our expert recruiters today.