While the term ‘recruiters’ and ‘talent acquisition specialist’ might be used interchangeably, they’re not the…
Outsourcing Talent Acquisition is a smart business strategy with a multitude of benefits. Also known as Recruitment Process Outsourcing, this type of recruiting is when outside experts are engaged to manage a company’s recruiting function, from the people and process to the technology platform and strategy.
Talent Acquisition Vs Recruitment
Many people think that the terms recruitment and talent acquisition are synonymous, but companies who keep an eye on the big picture know there’s a crucial difference between the two. Recruitment and talent acquisition are comparable to short-term and long-term—quick fixes versus long-term planning. Both approaches may be used depending on the circumstances, but one tends to be tactical in nature and the other, strategic.
Recruitment is about filling vacancies. Talent acquisition is an ongoing strategy to find specialists, leaders, or future executives for your company. Talent acquisition tends to focus on long-term human resources planning and finding appropriate candidates for positions that require a very specific skillset.
Companies must ask themselves which positions will be difficult to fill when a vacancy or need arises. Niche markets, technology skills, highly specific experience, and leadership roles call for a thoughtful, long-term approach to talent acquisition.
Let’s take a quick look at what these two seemingly different terms mean by themselves:
Talent acquisition is an umbrella term that encompasses the entire process of seeking out and securing (acquiring) people with the necessary skills (talent) to fill an organisation’s needs. Talent acquisition includes both the strategy involved in planning, forecasting and broadcasting job openings, as well as the tactics involved in recruiting and sourcing. Organisationally, talent acquisition falls under the greater category of human resources but may be separated from general HR (as it relates to the management of existing employees) into its own department. A talent acquisition specialist is someone who specialises in the strategy and tactics of seeking, sorting, and bringing talent into an organisation. When used independently of recruiting, talent acquisition refers to the long-term strategy involved in acquiring skilled labor. That includes analyzing the workforce and skill requirements of an organisation, predicting its future needs, and planning to fill those needs through recruiting, active sourcing or a combination of the two.
Recruitment can be defined as searching for and obtaining a pool of potential candidates with the desired knowledge, skills and experience to allow an organisation to select the most appropriate people to fill job vacancies against defined position descriptions and specifications. The purpose of the recruitment process is to find the widest pool of applicants to provide the greatest opportunity to select the best people for the required roles in an organisation. Acquiring the best applicants for a role can be a competitive advantage for an organisation, whereas ineffective recruitment and selection can result in enormous disruption, reduced productivity, interpersonal difficulties and interruptions to operations, customer service and long-term costs.
The Benefits Of Outsourcing Your Talent Acquisition
It all comes down to what needs to be accomplished. Hiring performance needs to be boosted all around: efficiency, consistency, risk, expertise, and time and money need to be considered and improved upon. Addressing these areas should positively impact productivity and profitability.
Here are five major benefits when outsourcing your talent acquisition:
Structured Recruit-To-Hire Process
In uncertain times, predictability is a lifeline. It’s the recruitment specialist’s job to have a tried-and-tested structure in place to ensure that the entire process runs smoothly and consistently. This is an important factor when it comes to cutting down on the time it takes to hire a candidate.
While it may seem intimidating or costly to outsource your recruiting functions to outside experts, the real risk is in relying solely on In-House Recruitment. Doing so can mean you can’t scale quick enough at a low enough cost-per-hire to make meaningful recruiting decisions.
Having an experienced talent outsourcing partner is a best practice and integral to success. It’s important to have a trusted partner you can rely on for insight and collaboration far beyond talent acquisition. For an outsourced recruiting firm like talentCRU, our experience translates to expertise. Recruiters supporting outsourced solutions have built their careers around finding great talent.
Not only will outsourcing your TA save you money but it will also save your hiring managers and HR team time. When Time-to-Fill is high, hiring teams are frustrated, employees are overworked and less productive, and recruiting costs skyrocket. By passing these tasks on to a team of professionals, the job at hand will be completed much quicker without expending unnecessary resources.
Let talentCRU Handle Your Talent Acquisition Efforts
As a Recruitment Process Outsourcing 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.
What Is Recruitment Process Outsourcing?
Recruitment process outsourcing (RPO) is a form of business process outsourcing (BPO) where an employer transfers all or part of its recruitment processes to an external service provider, according to the Recruitment Process Outsourcing Association (RPOA). An RPO provider can provide its own or may assume the company’s staff, technology, methodologies, and reporting. In all cases, RPO differs greatly from providers such as staffing companies and contingent/ retained search providers in that it assumes ownership of the design and management of the recruitment process and the responsibility of results.
Is Recruitment Process Outsourcing Right For Your Business?
Traditionally utilised by larger companies, RPO has evolved over the last few years to become a flexible strategic talent acquisition solution with additional benefits that can be adopted by small and medium-size organisations as well. Over the past few years, RPO has been trickling down into the smaller and middle-market domain as outsourced recruiting becomes applicable to these markets. 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.