The phenomenal growth of the talent market, in part due to the accessibility of a global talent pool, has brought many benefits, but also complexities. Across industries, businesses are facing a tough time hiring the required talent. Expectations of both employers and employees are also rising, especially with the growing acceptance of freelance work and the development of technologies that enable it. Recruitment process outsourcing (RPO) provides the strategic leverage that your company needs for streamlining talent acquisition.
- Flexible Recruitment Processes
Organizations must find the right talent at the right time. They must also manage the growth or downscale following the ebbs and flow of demand. RPO is a way to leverage big data and conduct real time analytics to evaluate the hiring processes and ensure scalability. It is a way to save time and resources, so organizations can direct all their energies towards their core business activities.
- Consistent Recruit-to-Hire Process
A tiresome recruitment process can turn off even the best talent in the market. Candidates look down upon a confusing hiring process that gives them insight in their standing. This can be particularly vexing when there are multiple departments in an organization with as many hiring processes.
A RPO can specialize in handling multiple recruitment processes and run a consistent recruit-to-hire process for its client. The employer and prospective employees find huge benefit from the consistency and transparency of the recruitment process; everyone involved knows what to expect at what time.
- Enhanced Employer Brand
Nowadays, high salary and more perks are not the only factors that attract top talent to a company. Potential employees evaluate a company by other factors such as flexible timings, a smooth hiring process, and the employer’s brand. Many of them observe a company’s ratings on various online forums where past employees can rate their companies.
A RPO can enhance an employer’s brand image in many ways. Additional to the consistency in the hiring process, a RPO also uses social media, analytics, and mobile tools to build a company’s image. It improves the quality of candidates attracted, which goes a long way in building brand reputation for other prospective candidates.
- Quality Talent
There is more to determining whether a candidate is right for the job than just their years of experience and education qualifications. Hiring and retaining an employee for the long term requires an in-depth understanding of their personality. A RPO combines social media and various analytics tools for a comprehensive look at a candidate. Further, the experience a RPO brings to the table allows for efficiency and accuracy in hiring the ideal candidate.
- Leverage Big Data
Above and beyond being a cost-saving model, RPOs gather detailed data about recruitment processes which can be analyzed to improve hiring and recruiter productivity. Using Big Data analytics, a RPO can customize the process of searching for capable employees and find specific talent. The talent search process can target specific talent as well as meet specific objectives.
More than just saving costs and quicker hiring, a RPO can act as an extension of your company and enhance your potential with its specialized expertise. RPO has become particularly important with the growth of the gig economy and the challenges and opportunities that it entails.