Recruitment has changed drastically over the past few years in response to altering talent market conditions, industrial advances, economic situations, amongst other factors. In spite of these changes, recruitment has diverged to a new alternative; Recruitment Process Outsourcing or simply put RPO. Developed in the 1990s in the US and UK, RPO has evolved significantly since.
What is Recruitment Process Outsourcing?
The Recruitment Process Outsourcing Association states that “Recruitment Process Outsourcing (RPO) is a form of business process outsourcing (BPO) where an employer transfers all or parts of it recruitment processes to an external service provider.”
An RPO provider is an extension and advantage to a company’s HR resourcing purpose. RPO providers are on site or off site with the client providing an all-inclusive hiring solution. An RPO provider delivers all the necessary staff, technology, and methodology needed to fulfil a client’s recruitment requirements.
How is RPO different from traditional recruiting?
Recruiting agencies and Recruitment Process Outsourcing are very different in the way they go about seeking talent and how they offer and charge their services. The scope of traditional recruitment agencies is to source and place the candidate in the required role. Whereas an RPO provider takes ownership of the assignments and execution of the recruitment process.
Recruitment Process Outsourcing, removes additional costs while improving the entire recruitment process. The company no longer needs to advertise, interview, overwork the HR staff with additional responsibilities, or go through a rigorous and time consuming process that will result in a questionable talent pool.
By reducing these extra costs, “RPO has been proven to reduce overall recruitment costs by 15-40% on average for companies of all sizes” explains a source from the Ultimate Guide to RPO.
Harold Alarcon a writer for YOH.COM spoke it best stating that “traditional recruiting not only requires qualified personnel, it requires significant investment from the company. Agency fees, advertising fees, employee referral fees, job board costs, travel expenses, relocation costs and the additional “hidden” costs associated with overhead and administrative support all add to the cost of hiring”, whilst RPO removes all of these.
Recruitment Process Outsourcing will improve a company’s time to hire, increase the quality of the candidate pool, provide logical-comprehensive metrics, reduce cost and improve the overall business.
Why use RPO?
Recruitment Process Outsourcing has become a go-to for talent acquisition solution for organizations and businesses of all sizes. RPO is aimed to improve employer branding, candidate and hiring manager experience, and to create a centralized talent pipeline, in addition to meeting hiring demands.
According to market intelligence company, Aberdeen, 41% of companies who partner with an RPO provider for strategic labor sourcing and talent acquisition are 17% more likely than non-RPO users to find that more than 50% of their workforce is top quality. So why use RPO you ask, it works and cuts out all the middle work.
A business report from RPOA (April14th, 2020) says that “the majority of RPOs (85%) are prioritizing cost cutting over investing for growth; 38% expect job orders to increase in the next 30 days; and 92% of RPOs expect their business outlook to be better 6 months from now.” Changes are nearing in faster than normal in recruitment but RPO is designed to embrace these developments and ease transitions.
ERC TO YOUR SERVICE:
The burden of understanding and developing the right talent profiles can prove challenging. ERC will help identify, attract, recruit & retain top talent.
We are available for the long haul or if you simply need our service short term. ERC’S diverse team delivers a combination of on-site and off-site services. Our creative and eccentric team of recruiters will act as an enhancement to the client’s talent acquisition team internally, or globally available off-site.
Guaranteed Exceptional Candidate Quality:
- Our RPO solutions will service clients to achieve great quality of hire using advanced sourcing practices supported by innovative technology solutions.
Create a solution:
- Our RPO team will provide dedicated consulting and planning services to identify client needs, understand HR’S goals and align with the company’s business goals to come up with a solution.
Significantly lower hiring costs
- Our RPO provides a cost-effective approach, leveraging dedicated recruitment specialists, top-quality sourcing, recruiting processes and infrastructure. Fees will be based on a well-defined scope of work that clearly identifies objectives, targets and the needed resource allocation to successfully complete a given assignment.
- Our RPO service provides a complete applicant tracking system called TalentRecruit-a tailor made CRM solution for ERC.
As we know time is money; our advanced technology expertly source, screen and asses each candidate intensively. Our booking and scheduling system complies with both candidate and client needs, guiding and prepping the candidate through-out the interview. Once selected, a background check is completed and an offer letter is proposed. Our work does not end there; we are committed throughout on boarding and beyond, until client and candidate are satisfied.
Recruitment Process Outsourcing has progressed into an adaptable, accessible, and purposeful recruiting option for businesses of all sizes, and industries around the globe. Let us show you how RPO can increase talent quality, improve employing branding, improve tracking metrics and save costs. JOIN ERC TODAY and change the way your business recruits.