What is Recruitment Process Outsourcing? (RPO)
Recruitment Process Outsourcing (RPO), which is the initiative taken by a business to outsource its recruitment process – in part or entirety – to a third-party expert or a service provider, is quickly replacing all other models of recruitment to provide a more holistic workplace.
Companies with high-volume or enterprise-wide hiring needs seeking to outsource all or a portion of their recruitment process often turn to an RPO provider to streamline their hiring costs, decrease time-to-fill, or improve candidate quality.For process-driven, metrics-oriented organizations, RPO providers offer an efficient, measurable solution to high-volume talent acquisition programs.
In addition, Recruitment Process Outsourcing, better known as RPO, is one of the Human Resources Outsourcing industry’s fastest growing segments. Here are the most common types:
Most Common Types of RPO
End-to-end full-service RPO
Recruitment on demand (ROD)
The Benefits of Recruitment Process Outsourcing
Time SavingReduces your time-to-hire by over 40 percent, lessening your organization’s lost productivity around open vacancies.
Reduce cost per hire.Save your organization money by significantly decreasing your average cost-per-hire, often by more than 50 percent.
Enhanced employment brand.The employment brand is essentially the identity of the company as an employer, and when every other aspect of the recruiting process is in place and doing well, the employment brand improves. If your candidate quality improves, that only looks good to other potential candidates for your organization.
Increased hiring manager satisfaction.Unsatisfied Hiring Managers can result in lower productivity, less engagement throughout the process, increased work for other team members, and hiring candidates who do not have the necessary skills to succeed.
Better quality and flexibility.RPO is a flexible and highly effective solution for the full spectrum of hiring needs.A good RPO provider has a highly enhanced network and recruitment process that will increase the quality of your hires.
Source the right candidates.Bad match between company and candidate is usually a result of lack of engagement and communication between candidates and an employer. An RPO provider can provide the much-needed “human” touch by leveraging dedicated resources and technology to positively engage candidates at every step of the recruiting process.
Competitive advantage.Effective RPO can support your company to achieve faster levels of growth. Streamlined, efficient recruitment processes deliver higher-quality, more engaged hires, providing a competitive advantage that directly impacts on your business performance.
Increase scalability.Moving quickly to meet business demands is critical to a successful talent acquisition function. With an RPO partner, you will be able to scale your recruitment team up or down without the difficulty of reducing headcount or hiring and training new people.
How is RPO different from other types of outsourced recruitment?
An RPO does four things that other outsourced recruitment companies (like agencies) don’t. With an RPO, you’re making sure you can:
Find the best fit.
Get candidate ownership.
Manage the entire process
Manage your expenses.
Korrogo, a good fit for your company…
As being a good fit for your company, Korrogo can help you scale, build your employer brand awareness, and take your business from strength to more strength. We can free up your existing HR teams or leaders and work together to scale your business successfully by acting as a strategic partner, offering guidance and advice. We will enhance your recruitment strategy through technology. Be careful the wrong provider can lead to higher recruitment costs and a lot of pressure on your existing HR function.