With recruitment process outsourcing (RPO), a company chooses a partner to handle its hiring and personnel management needs. While an RPO serves as an opportunity to streamline an organization’s recruitment processes, it also provides additional benefits. The RPO consists of experts in the field of recruitment, giving the business access to critical expertise. Once an RPO is in place, time-to-hire metrics can fall dramatically, and a significant cost-savings usually occurs.
If you are wondering what benefits an RPO brings to your business, here’s what you need to know.
The Benefits an RPO Provides
Once an RPO is in place, the arrangement brings with it a number of positives. First, the time-to-hire shortens dramatically, typically by up to 40 percent or more. Partially, this occurs because RPOs have access to massive talent pools, often one that is far beyond what the company itself can tap alone. As a result, productivity losses due to vacancies also decrease, as positions are not open as long overall.
In the vast majority of cases, the cost-per-hire is much less with an RPO than without one. Companies don’t have to spend as much on advertising vacancies, screening candidates, and other critical stages of the hiring process. This can result in significant cost savings, particularly over time.
When you partner with an RPO, you also gain access to the benefits the provider’s technology provides. This includes opportunities for continuous optimization thanks to the wealth of talent data the RPO can analyze. Additionally, the plethora of reports available grants the company access to critical insights that can lead to sounder hiring decisions, budget planning, and strategy development.
With an RPO, your company also has access to an unparalleled amount of hiring expertise. An RPO is comprised of recruitment experts who act as an extension of your business. They can enhance your hiring approach, ensuring it is strategic and optimal based on your unique needs.
RPO Models Designed to Meet Your Needs
Any of the benefits above can be experienced regardless of whether you need a long-term, on-going partnership, assistance for a short-term project, or anything in-between. Most RPOs offer a variety of service models, enabling companies to select an approach that best suits their current situation.
If you need your staffing levels optimized throughout the year, ensuring that adjustments are made based on the seasonal nature of your business, an RPO can make that happen. If you need hard to find skills for a project, an RPO can assist with that as well. It will manage the entire recruitment process. You’ll gain access to the precise candidates you need right when you need them, allowing you to focus on other areas of your business while knowing that your vacancies are being handled by skilled recruitment specialists.
If you’d like to learn more about what an RPO can do for you, the team at Apogee Managed Solutions wants to hear from you. Contact us to speak with one of our recruitment specialists today and see how our RPO services can benefit you.