To stay competitive in today's economy, companies need to focus on their recruitment strategy, and RPO can help. But what is the RPO definition, and why does your CEO care? Recruitment process outsourcing (RPO) can help your company recruit and hire qualified job candidates faster and more efficiently. In this article, we will discuss the benefits of using RPO companies to improve your recruitment strategy.
What is the RPO definition? Outsourcing recruitment with an RPO is a strategic partnership between a company and an RPO provider who jointly manages all or part of the recruitment process. What tasks do RPO firms manage? RPO services include creating job ads, sourcing candidates, screening resumes, conducting interviews, and extending offers. The RPO firm provides you with the necessary skillsets, technologies, and process methodologies in an on-site, off-site, or virtual delivery model.
How Does RPO Work?
Now that we have a working RPO definition let's see how RPO solutions work. Your RPO team should integrate seamlessly with your business to create a tailored recruiting solution that meets your needs.
In most cases, the RPO provider will work closely with your company's HR department to understand your recruitment needs. The RPO specialist will also manage the day-to-day recruitment activities, freeing your HR team to focus on other tasks. Your RPO firm will be involved in the following aspects of your recruitment, including:
The RPO team will help you plan scalable recruitment and staffing solutions for your future workforce needs. This can include analyzing your current workforce, predicting future trends, and planning for growth.
RPO providers utilize targeted sourcing initiatives designed to work in specific industries and attract certain positions. These processes include recruitment marketing, talent pipelining, predictive analytics, and talent advisory solutions such as employer branding and recruitment messaging.
The RPO team will screen potential hires to ensure they meet the qualifications for the role. This process includes conducting phone screens, reviewing resumes, and administering assessments.
Rigorous screening, including skill assessments, behavioral and personality evaluations, and interviews, ensures a sizeable pool of candidates who are an obvious fit for the position and a workplace culture fit for your organization.
Once a candidate has been selected, the RPO team will extend an offer on behalf of your company. The RPO specialist can also handle salary negotiations and help the new hire transition into their role.
The RPO provider will track and report key talent acquisition metrics such as time-to-hire, quality of hire, and cost-per-hire. This data will help you measure the success of your RPO program and make necessary adjustments to improve your recruitment strategy.
Why Does Your CEO Care About RPO?
Your CEO cares about RPO because it can help your company fill critical roles in your organization efficiently while also improving your recruitment process. RPO bridges the gap between conventional recruiting and current hiring requirements in a fiercely competitive job market where employers are scrambling to find talented people for hard-to-fill jobs.
By outsourcing your recruitment process to an experienced RPO provider, you can improve your candidate quality, reduce time-to-hire, and improve your hiring efficiency. In addition, RPO can help you scale your recruitment efforts quickly and skillfully to meet your business needs.
How Can RPO Help Your Business?
There are many ways that RPO can help your business. Here are just a few of the benefits of using RPO to improve your recruitment process:
- Access to a larger pool of candidates: RPO providers have access to a global talent pool and industry-specific specialized talent networks.
- Improved candidate quality: Using targeted sourcing initiatives, RPO providers can attract higher-quality candidates.
- Reduced Cost Per Hire: RPO lowers your hiring costs by reducing or removing the need to maintain a full-time, in-house recruiting division.
- Reduced Time to Fill: RPO can significantly cut down on time it takes to fill every vacant position by utilizing the best recruiting technology, industry knowledge, and a vast network of referrals.
- Scalability to meet your needs: RPO can help you discover the best applicant for each open position, whether it's 15 or 15,000 hires.
- Customized Services: RPO solutions can be tailored to meet the needs of each client. An RPO provider can develop a targeted solution, whether you want to supplement your current recruiting efforts or outsource recruitment entirely.
Is RPO Right For You?
RPO remains one of the fastest-growing trends in the recruitment industry. How RPO is implemented and what the RPO definition looks like are constantly evolving as new technologies and processes are developed. If you're looking for a more efficient way to recruit and hire qualified candidates, RPO may be the right solution.
Choose an RPO with experience and proven results in skilled recruiting and hiring. Hire Velocity partners with clients across nearly every industry to solve recruiting challenges and achieve sustained outcomes.