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Understanding The Benefits of Recruitment Process Outsourcing
Recruitment Processing Outsourcing, or RPO, is when a company hires an outside agency to manage all aspects of recruitment. This can include but is not limited to, marketing for new hires, screening interviews, and administering of any testing or group interview processes. RPOs may also take on other HR functions within a company such as providing long-term hiring and planning suggestions, suggestions for employee retention and may even handle independent consultants who come on board.
In September 2017, Business Wire produced a report on trends for the RPO industry through 2025 and found that the industry is expected to grow tremendously in the coming years. The report found also found that RPOs are most popular in North America and Europe and have been since the early 2000s.
Haven’t yet used an RPO strategy for your HR needs? Here are some of the key benefits that hiring an RPO provider can provide to your organisation.
Provides Services as Needed
For smaller companies and startups, cash flow can be a big concern. Employing an RPO provider as you need can help manage the costs of bringing on someone in the HR function on a daily basis. If you find yourself hiring on a project basis or if marketing recruitment and interviewing are not in your job description, employing an expert is a good move.
Capitalise on an RPO Provider’s Network
The RPO provider’s network of viable candidates is much wider than most traditional businesses. They are constantly meeting new people who are looking for opportunities. In turn, the RPO providers are staying on top of cutting-edge industry information and understand what skills and experience to look for in a potential candidate. The RPO providers are the experts in the HR/recruiting process and provide the requisite background knowledge to hire skilled professionals.
Creates a Seamless Process
Hiring an RPO specialist means that the interview process will be handled in a professional manner with a single point of contact. Potential candidates will have access to one person in the company and in turn, the company will have one point of contact for all potential candidates. This is especially important if you find that you are interviewing for more than one position.
Handles All the Recruitment Procedures
From background checks and follow-ups on references, administering group oriented collaborative exercises to marketing for new candidates, the RPO provider does it all. What may take your company days or weeks to figure out is everyday business for the RPO. But you don’t always have to apply all the services that an RPOs offers. Before you hire an RPO specialist, determine what are the key elements that are important to your business and let them do the rest.
Contributes an Outside Perspective
RPO specialists are not employees of your company. This is a positive effect for your company since they provide a different viewpoint for your company. Working together with an RPO provider can help shape the job description and requirements using your insider knowledge and their knowledge of the most up to date skill sets. Find a provider who is willing to work with you, not just for you, in this capacity.
Presents Long-Term Strategies
Take advantage of the knowledge that an RPO specialist has to offer. In many cases, RPO specialists can enlighten you on what skill sets are or will be a requirement for a position in the near future. With the background knowledge and ability to stay on top of emerging industry standards, they can see where a particular industry is heading and how your company can hire the people with the best education and experience to stay ahead of the curve.
Finding the right RPO partner for your organisation will produce a lasting relationship with long-term beneficial results for your company both financially and in the retention of employees. Remember to be as open and honest about what it is that you need or would like to find in a candidate and let the RPO provider do the rest. If you would like to find out more about the recruitment process outsourcing service offered by Lincoln Recruitment, please get in touch with our team or click here. You can also take a look at some of our successful RPO projects here.
Our Insurance team have written this Quarterly Market Update to help keep you up to speed with what is happening within the Insurance industry, we hope you find it useful: VIEW THE INSURANCE MARKET UPDATE
Salaries have fluctuated so much within the funds sector since we published our Salary Survey at the start of the year that we have produced a revised version, we hope you find it useful: VIEW THE FUNDS MARKET UPDATE