Recruitment Process Outsourcing, or RPO, is one of the most in-demand services available on the market today. Besides the obvious benefit—getting talent—are you aware of the other potential value that engaging an RPO solution can offer?
Here are the top five reasons why more companies are turning to RPO:
Cost savings – Every company is looking for cost savings. Cost savings are readily achieved through nearly any RPO program, as placements are generally discounted based on volume. Want to rapidly hire 100 people? It might cost you less in the long-term than hiring one.
Centralized process – Oftentimes, a company has multiple business divisions, each requiring several hires. In an RPO solution, the provider can serve to centralize the hiring process, adding uniformity and a holistic approach to sourcing for your company.
Top quality talent (not just external) – Generally, when you think of top quality talent, you think of the external talent your company is seeking to hire. But what about your internal recruiters and HR department? “Recruiting a recruiter” can be just as challenging as finding the right candidate for an open position. You want a top caliber recruiter—and what better way than to hire an existing recruiter to source your open positions?
Access to technology and leading recruitment tools – RPO providers dedicate 100% of their time to finding qualified candidates for companies. They use—and have—the latest technologies and newest job search tools for finding active and passive jobseekers. Instead of investing time, money and resources into getting these tools—when you may only need to source 10 people this year—why not outsource to a company who already has the latest recruiting tools mastered?
Accountability – With any program, SLAs and KPIs need to be established up front. It is common for customers to engage in a “gain-sharing model”—that is, if an RPO program is performing well and delivering cost savings, frequently, the RPO provider will share these cost savings directly with the customer, in a form of a rebate or increased discount. It’s a win for everyone, and you can potentially make money on the service you’re seeking.