RPO stands for recruitment process outsourcing. It is a business model where a company outsources the management of the recruitment function (in whole or part) to a third-party expert to drive cost, quality, efficiency, service, and scalability benefits. talentCRU has managed to evolve standard RPO into a powerhouse recruitment tool suited for any business.
The third-party RPO vendor is responsible for placing people into that organisation. When managed well with a quality provider, RPO can reduce time to hire by 40 percent and deliver cost savings of more than 50 percent.
How Does Recruitment Process Outsourcing Work?
The talentCRU RPO quality recruitment outsourcing programme blends dedicated recruiters, technology, and best practice hiring processes to transform an organisation’s talent acquisition function. Aligned to your hiring managers, RPO solutions drive the end-to-end recruitment process from forecasting to sourcing, assessing, placing, on-boarding, and reporting while utilising expertise, innovative technology, and key performance indicators.
Through clearly defined processes and deep specialisation, RPO solutions can dramatically reduce cost-per-hire, time-to-hire, and attrition, plus measurably improve quality of hire, reporting, and scalability, delivering you a far greater return on investment.
talentCRU’s experienced recruiters work in your organisation to get a deep understanding of your people, culture, and values. We identify the things that make your business great, positioning you as an employer of choice to top talent.
Why Progressive Firms Make Use Of RPO
It’s fairly simple, really. RPO will reduce your cost-per-hire. You’ll experience less wasted time on the job search while avoiding costly recruitment agencies and headhunters. Your human resource managers will be less stressed and more productive. In a nutshell, RPO is a tool that, when used correctly, can speed up and refine your recruitment experience.
As an RPO provider, talentCRU acts as or supplements your internal recruitment function for a portion or all of your jobs. talentCRU successfully manages the entire recruitment process from job profiling through to the on-boarding of the new hire, including staff, technology, methods, and reporting.
RPO offers companies an amazing array of benefits both in the short term and long term.
- Operational benefits: short term. With RPO’s streamlined operational processes, you’ll see immediate benefits in the short term. RPOs scalable and can handle the peaks and valleys of your recruitment demands.
- Financial benefits: medium term. RPO will reduce your cost-per-hire. You’ll experience less wasted time on the job search while avoiding costly recruitment agencies and headhunters. Your human resource managers will be less stressed and more productive.
- Strategic benefits: long term. RPO offers many long-term, strategic benefits as well. Recruitment process outsourcing provides low turnover rates and increased quality of hires. Your recruitment process outsourcing provider will also develop talent pipelines that make hiring easier in the future. Recruitment process outsourcing’s fast-paced recruitment process fills positions quickly and effectively, meaning less vacant spots. A more consistent recruitment process also enhances your company brand as an employer, drawing quality talent to your organisation.
With these benefits and more, recruitment process outsourcing could be the next big step your company takes to reach its full potential.
Outsourcing Recruitment Process Is Beneficial Over In-house Recruitment
Through recruitment process outsourcing, you can save on costs and time while ensuring that only top-quality candidates get hired for your business. RPO services can help you with resource optimisation, achieving the results you need at the budget and timeframe you set.
In traditional recruitment, companies have an internal team that manages the whole recruitment and hiring process. Some prefer this recruitment method because they believe that an in-house team will better understand the specific culture and goals of the company better than a provider of RPO solutions.
Many in-house teams face the problem that they sometimes lack the resources, broad access to skilled talents or technological capabilities that RPO staffing providers have. In the next section, we’ll discuss the advantages of the recruitment process outsourcing in more detail.