What is Recruitment Process Outsourcing and how does it work? These are the questions you should be asking before deciding on your RPO partner!
Lately, you might have heard about buzz surrounding Recruitment Process Outsourcing but you are embarrassed to admit you still don’t really know what it entails! Perks such as efficient and timely recruitment processes while achieving a reduction in talent acquisition spend as well as workplace diversity seems almost too good to be true, in reality, these advantages and many more are achievable through the help of the right RPO partner!
As we find ourselves amid Industry 3.0 tech start-ups and Software as A service businesses seem to be established on an almost daily basis. As this trend continues the roles of RPO’s within the industry has become more and more prominent as the demand for a skilled workforce increase. In 2019, the global RPO market size was valued at a cool 5.48 billion, a figure expected to increase by almost 20% by 2027. Companies are wising up to Recruitment Process Outsourcing and the many benefits it can bring… make sure you don’t get left behind!
To put it simply, Recruitment Process Outsourcing essentially acts as an extension of a company’s HR or Resourcing Function. When a company partners with an RPO they transfer some or all their recruitment activities to an external service provider the RPO is then responsible for filling roles & positions in the most timely and efficient manner.
1. An RPO will Build their plan around your company’s Goals.
Needless to say, the first and foremost step you should take before partnering with an RPO is solidifying your company’s goals & vision regarding recruitment – what requirements do you have and what challenges stand in the way?
Partnering with an RPO is not a ‘set it and forget it’ endeavour. The RPO model will be built around your company’s goals and objectives; agility and scalability are some of the top traits of RPO organisations – be sure to use them to full effect.
Some common RPO models include:
- Full-Service RPO: Also known as an End-to-End RPO model; This is the most comprehensive offering and involves outsourcing all aspects of a company’s hiring processes (Sourcing, Screening, Marketing, etc.)
- Project RPO: Or Selective RPO, is the process of partnering with an RPO for short-term needs, either on a once-off or recurring basis.
- Recruiter on Demand: Often refers to the process of adding manpower or resources to a company’s in-house recruitment processes.
- Selective RPO: This can be described as building upon an organisations already existing recruitment process.
2. What is the cost of an RPO solution?
Consider Value over Price
There are many differing cost & payment models available – which best suits you will of course depend on your needs, regardless of the model there’s an important method you should embrace – value over price.
Your workforce is the soul and spirit of your organisation – if you want to cut corners on your recruitment processes you have the wrong approach – its important to remember this is not just about filling desks.
You need to consider an RPO model as an investment and treat it as such. You’re investing in acquiring the top available talent and skimping in this area won’t achieve this. Putting the right people in the right role at the right time will streamline all other aspects of your business towards success. When this goal is achieved the value acquired often far outweighs the price paid.
Do not make the same mistake as many organisations who end up preferencing price over value.
3. Expect Data-Driven results
Ideally, before deciding on your RPO partner, you will have done the appropriate research. Knowing the difference between a good and great RPO is vital – thankfully, the cream always rises to the top and the results of your decision will quickly become clear.
Expect your RPO partner to deliver recruitment excellence from the get-go. Great RPO’s come prepared with comprehensive strategy, frameworks, and models established through proven track records of success.
When emotions, reputation, and profitability are on the line thankfully we can always rely on data. Data provides transparency, accountability, and reassurance in times of doubt. Expect your RPO provider to employ an analytics program, leveraging internal & external data to make sure the correct business and talent acquisition decisions are made.
Indicators of a great RPO partnership should include:
- Efficiency and positive stakeholder experience
- Total workforce management
- Quality hires through data
Data tells a story and informs business decisions – let that data be heard!
43% of the best-in-class companies today are opting to partner with an RPO and it’s clear to see why – If you are in need of an RPO parter for your business, we have you covered.
Ingenio has been making waves in the industry since 2015, filling SaaS positions for top technology companies. To the specialists here at Ingenio, this is quite simply our passion, meaning our innovative methodology and approach to recruitment are constantly evolving.
If you want to Find Hiring Solutions for your business or simply want to reach out for a chat, don’t be shy and get in touch today!
Written by James Coffey