What is Recruitment Process Outsource?

RPO is a business concept where a company or a firm outsources its talent acquisition process to an external agency. RPOs can either act as an extension of the company’s HR division, or as a separate entity, working remotely. RPOs are a growing global trend as companies need not burn their resources on hiring and still be assured of a smooth process and favourable results.

RPOs provide a lot of value for an organization. Here are some of the benefits you might expect should decide to hire an RPO:

One of the two biggest reasons RPOs are quickly growing in popularity is their immense cost reduction capability. The replacement of a dedicated recruitment department in the company by an entity that provides the same or better-quality recruits on-demand saves companies a lot of money in the long run. RPOs work as per your requirement, thereby reducing operational costs of an organization significantly. Moreover, RPOs are highly efficient at the recruitment process, which saves the company valuable time. To quote the age-old adage, ‘Time is money.’, and in the business world, every day a vacancy is not filled costs the company. Streamlining the recruitment process through an RPO massively cuts down on the finances required to acquire new talent in a timely manner.

The other big reason RPOs have risen in demand is the fact that they simply provide better quality talent than an organization might otherwise have access to. A combination of factors such as a larger talent pool and specialized recruiters makes it so that RPOs have access to fine-tuned recruitment processes and thus produce top-tier talent. Being solely dedicated to recruitment processes, it makes sense that they would better scout and network talent than an in-house HR team with numerous other responsibilities. RPOs also undertake candidate assessments and thorough interviews to ensure that the cream of the crop is selected.

For this reason, you can rest assured that choosing an RPO for your recruitment needs will only yield better talent for your organization.

RPOs provide a vital aspect of scalability to a company. Whether yours is a rapidly growing company, or an established organization that needs to occasionally fill vacancies, RPOs have you covered. During hiring season for example, companies may be looking for a number of new employees to join the fray, but there may be some months during the year that only one or maybe no new employees are hired. Whatever the requirement be, RPOs are able to provide for it with the utmost efficiency. The scalable quality of recruitment that RPOs provide helps companies focus on their own goals of growth and expansion, knowing that their RPO will be able to fill in any gaps in personnel.

Assigning recruitment responsibilities to an RPO frees up your HR staff to instead focus on strategic goals and talent development. Removing the duties of scouting and assessing talent from the HR department will only benefit the company and contribute to its growth potential.

Another benefit you can expect from hiring an RPO is a reduction in cost of hiring. By this, I mean the costs of advertising for vacancies, and the valuable company time allocated to the recruitment process and interviews.

When you go through a reputed RPO such as V5Global, you can delegate the entire responsibility of recruitment onto the firm. Acting as a vendor on-premise, your RPO will take all the aches and pains that come with scouting and hiring off your plate. However, these services are not limited to hiring alone, a good RPO will also handle offer management, onboarding, induction, training and retention efforts on behalf of your company, right until the exit process, thereby greatly reducing the effort required from your side. All these are handled through the latest technology, with the use of a state-of-the-art operational framework, which features real-time reporting, visual analytics and dashboards to give you the ideal platform to measure quality and efficiency of the deliverables.

The driving force of a successful organization is at the end of the day, its people. Therefore, RPOs such as V5Global, for example, pride themselves on building strong relationships with the most sought-after leaders in the industry. Through the strength of these connections, V5 can find the perfect fit for your requirement in managerial roles, in any verticals. With an expertise in hiring for corporate functions, V5 assesses the value proposition, business plans, performance metrics and several other factors before delivering the right leaders for your company.

It is for these reasons and more that RPOs have quickly become a rising global trend, and if you haven’t already invested in one for your company, today is a good day to consider it. The benefits RPOs are provide are undeniable, and you will be thanking yourself later.