Whether you’re a thriving startup or a well-established firm, you depend on recruiters to keep your company running. They help you find the engineers, coders, executive leadership, sales associates, team leaders, accountants, and other individuals you depend on every day. And they help you scale your team with contingent labor when you experience business growth.
That’s why it’s important to work with the best recruiters in the industry. Recruitment process outsourcing, also known as RPO, is the solution many companies turn to when they need to fill contingent positions. Here’s why you should join them.
Let’s start with a basic definition of RPO. RPO firms act as an extension of your recruiting department. They build services strategically around your needs, forming a partnership designed to strengthen your talent pipeline and retention rates over the long term. RPO isn’t just about filling positions. It’s also about the quality of hire. While you can count on faster time-to-fill with an RPO firm, you’ll also experience higher candidate satisfaction, better cultural fit, and longer retention than you can expect with a traditional staffing agency.
Contingent RPO supplies contingent labor using recruiters dedicated to your company. Rather than competing with other vendors and pulling from the same candidate database for multiple clients (like traditional staffing agencies), contingent RPO builds a talent pipeline unique to your company. It’s a lot like direct sourcing, except that the function has been outsourced rather than being handled by your internal team.
That brings us to our next question: is contingent RPO better than a staffing agency? The honest answer is: it depends. Staffing agencies have their place, particularly if you want to hire just one or two employees quickly. But contingent RPO holds the high ground for strategic hiring.
Let’s look at three reasons you should consider RPO companies for your next hiring initiative:
Contingent RPO helps you source and screen the right candidates fast, and they do it at a lower cost-per-hire than other recruiting approaches. Once you’ve filled your positions, you own the candidate database and any associated data. Your data won’t be shared with other clients or used to hire candidates for other companies.
Are there times when you should opt for a staffing agency? Yes—but it’s important to remember that the goal of a staffing agency is to react to an immediate need by filling positions as fast as possible. And that will be reflected both in the price you pay and in the quality of the candidates.