Today, it can prove to be a very difficult task for the companies and their human resource department to effectively recruit highly skilled and talented candidates. From past a few years, the companies are fiercely competing against each other to gain an extra edge by hiring the best talent available on the market. Truthfully, employees are the backbone of any company. So, to hire good and skilled workers, a strategic plan along with a dynamic approach is must for businesses, in order to achieve success. The challenge basically lies in recruiting top talented people through a cost-effective process that involves mutual benefits. Various problems have been faced in the past in talent acquisition, including:
- Lack of resources
- Inadequacy in the human resource department
- Inability to manage expenses
- Inefficiency in meeting deadlines
- Improper decision making
- Lack of strength in partnerships
- Unjustified hiring of employees
But, before you move ahead to hire top talent for your organization, firstly, it is important to know what outsourcing is? Outsourcing is generally a business practice adopted by companies in which they contract out some of their services to an external organization to maintain cost-effectiveness and alleviate the work load. Similar is the case with recruitment process outsourcing. The RPO model generally comprises of
- The company looking to hire candidates, which is referred to as the RPO client;
- The company providing external recruiting services, which is referred to as the RPO provider;
Hence, it can be stated that Recruitment Process Outsourcing is an alliance formed between the RPO client and the RPO provider. The advantage is however enjoyed by the RPO buyer as its promotion is executed simultaneously throughout the process. The RPO provider is rewarded with monetary shares as per the rate of recruitments, based on their strict terms and conditions.
There are various advantages of hiring candidates through recruitment process outsourcing, as discussed below:
Better quality hires
The biggest advantage of hiring an RPO provider is achieving top quality talent available in the market. They help organizations save a lot of hard work and research involved in effectively managing recruitments. The HR professionals are under a lot of pressure to hire the best candidate who will serve as a valuable employee to the company for many years in the future. Therefore, a slight mistake on the part of hiring managers can cost the company a valuable amount of time and money. This is where the RPO providers come to the rescue as they are highly efficient in talent pooling. The process that RPO providers follow is based on merit of the deserving candidates. They can comprehend the struggle that the human resource professionals face during the hiring process. As a result, RPO providers strive hard to give their best in terms of quality and quantity.
Saving valuable time
The amount of time invested by the company in the process of hiring, at times, crosses the deadlines by a wide margin. This issue is generally faced by companies which conduct mass recruitments. But, the RPO providers have vast amount of experience in meeting the deadlines at a consistent basis. Thus, the third-party consultancies help the companies save a lot of time in recruitment as majority of the RPO providers give a lot of priority on establishing a time frame to hire candidates.
Reliable & transparent process of hiring
The RPO provider can help in making the ends meet as they uncomplicate the whole process of hiring by making the whole process transparent and consistent. They keep comprehensive records and implement accurate plotting of the recruitment process. Analytical efficiency of RPO Providers is very reliable as tracking and tracing of every stage of the hiring process makes room for future inspections and reporting. As a result, it becomes easy for the organization and employees to comprehend the process.
Reduction in cost
Cost effectiveness is one of the key advantages of RPO. If the recruitment process is carried out by the organizations themselves, the process will incur a lot of expenditure from advertising, installation of recruitment technology, job portals, job hunters, scalability issues, extensive process of individual interviews, needless staff and unnecessary formalities. But, all of these problems are eliminated if the process is carried by an RPO provider as they invest a lot of time in rationalizing the process. The biggest cost saving factor is that the RPO provider hold the accountability for searching the candidates, this saves a lot of cost of advertising.
High scalability and flexibility
During some parts of the year, many companies go on a hiring splurge, and in these phases the recruitment is on its peak. Due to this, the requirement of hiring managers and staff increases. Same is the case, when any organization is diversifying itself to expand its horizons. On the other hand, there are many parts of the year, when the rate of hiring is very low. Thus, RPO providers are highly beneficial to scale up and scale down as per the requirements, since they offer extreme flexibility during peaks and troughs of a company. Also, experienced RPO service providers are highly adaptable to different kind of situations, when the business is downsizing or upsizing and offer a variety of possibilities to the organizations and candidates.
So, if you want to access the best recruitment process outsourcing services, look no further than Profit by RPO. #1 RPO Company in India, Profit by RPO offers a wide range of services, including Offshore Research Specialist, Offshore Dedicated Recruiter, Bench Marketing services, and much more.