Recruitment Process Outsourcing (RPO) is a strategic partnership where a company entrusts a third-party recruiting service company with some or all aspects of the recruitment process. The RPO provider fulfills tasks like opportunity posting, sourcing of candidates, interviewing, running background checks, and sometimes even onboarding.
In layman’s terms, RPO is a recruitment model that enables you to delegate your hiring efforts to experts with the right technology and experience to find qualified talent for your company.
Why Choose RPO?
Lots of benefits make RPO a great choice for your company. When you team up with industry-leading RPO recruiters like Kinetix, you’ll enjoy:
- Cost savings: No more high expenses of running in-house hiring tasks like job advertising. An RPO provider will likely offer better rates because they can access friendlier deals.
- Improved quality of hires: Your RPO provider can easily reach top-tier candidates who will be a great fit for your organization. Thanks to a wider talent pool, they’ll find the most suitable candidate and reduce turnover.
- Time efficiency: Since RPO providers have rich expertise and sufficient resources, they can streamline the recruitment process and reduce the time it takes to fill positions.
- Scalability: Among the leading benefits of RPO is you’ll pay for what you get. If you have plans to downsize or expand, RPO would be a perfect hiring solution.
In addition to these benefits, RPO also assures expertise, and access to the newest & most effective hiring strategies, among other benefits.
When Should You Consider RPO?
Wondering if RPO is the right choice for you? Here are the most common signs that you’ll benefit from this hiring model:
1. You have High Turnover Rates
If you always struggle to retain employees (common in hospitality and healthcare industries), RPO will help you create a perfect strategy so your top-performing employees hang around longer. As long as you find well-suited candidates, you can expect them to remain with you for extended periods, thus effectively reducing your turnover rates.
2. Limited HR Resources
A smaller HR team than is adequate for your business will have lots of challenges handling your recruitment demands. If your business’s hiring needs exceed the capabilities of your HR team, you should establish a partnership with an RPO provider so you have access to the additional support you need to fulfill your hiring requirements.
3. Specialized Hiring Needs
Some industries demand niche skills and/or specific expertise. If your company is in such an industry, opting for RPO would be beneficial as the RPO service provider can tap into your networks and help you find the most ideal candidate.
Additionally, you may get ongoing support to ensure you are empowering your employees to tackle the challenges they’ll encounter while working.
4. Inefficient Hiring Processes
Your hiring strategy and processes are a central determiner of the quality of candidates you attract and how long they stay with you. Lengthy and disorganized hiring processes are a major turn-off for top talent, which is probably why you’re struggling to attract top talent.
Thankfully, RPO can help you fix that by streamlining your processes to offer an amazing candidate experience.
5. Rapid Expansion
If your business is expanding rapidly, you should match the speed by hiring quickly and efficiently. While at it, you shouldn’t compromise quality, and that’s a hard thing to do when you’re focused on speed.
RPO would be the answer since providers know exactly where to look and what to look for. Their experience plays a major role.
In Summary,
RPO is a great boost for your hiring initiatives, so if you’re looking for a way to attract the best candidates in your industry, it’d be a perfect go-to.
Needless to say, you want to team up with a top-performing provider like Kinetix to realize the full benefits of this hiring tactic.