Companies both large and small, depend on their In-house recruiting teams for their hiring needs. A task like mass-hiring of staff is strenuous, and the in-house HR teams may get overburdened by all the work. This is where RPO comes into play, an RPO firm works with their client companies in the acquisition of talented and skillful candidates that are suitable for their business needs. The client company may even outsource the whole process of hiring to the RPO Firm, who can get desirable results in less time than in-house teams, owing to their experience in this field.
If you are looking to add more flexibility, agility, method/system to your hiring process, RPO is worth taking a look at.
Reasons to consider RPO
The labor market in today’s time is riddled with problems. The Hiring market is a swarm of false jobs ads, false job applications, and targeted ads. To navigate such a market, while also keeping up with the core functions of the company, becomes strenuous and may lead to less than desirable results. Further one needs to have a certain set of skills, in the relevant market to effectively recruit people and that takes time, money, and hard work.
RPO Providers are experts in this field. They are up to date on all recruitment technologies and can funnel talented candidates using social media and other employment tactics. RPO is also time and cost-efficient and can provide you better results than an In-house HR team, at a lower price and in a lesser time frame.
Workflow of an RPO Firm
Same as other contracts, the RPO process begins with an outsourcing Interview agreement. This agreement contains the specifics of the work outsourced, the time frame, and the estimated cost to complete such work. The HR department of the business is heavily involved in this step, they layout the specifics, e.g the jobs description, the skill set required, the qualifications, the remunerations and incentives to be awarded, etc. The RPO Firms take these into consideration and create a framework that they can use as guidance to find suitable candidates.
The RPO Firm then spreads awareness regarding the job vacancies, mainly through ads, social media, or the client’s methodologies. They may also directly contact highly sought-after candidates (from a database) if they fit the job description.
As the job applicants start pouring in, the RPO team employs tactics to sort through the thousands of applications to find the ones suitable. The team can also contact the client if there is an irregularity regarding the job description and tweak it. If this tactic is employed perfectly the interview process becomes a lot easier and only a few candidates may actually be needed for the interview.
If the hiring process is in bulk, there can be hundreds of candidates up for interviews. In such a case, it may be suitable to employ an external assessment team like FOXMATRIX. These teams are highly skilled and specialized in assessing suitable candidates for your business.
Why RPO is a good choice:
Sourcing Talent
Finding Suitable candidates that have goals and objectives that align with your business is hard. Today’s labor market is tight and harder to navigate through. RPO firms have access to special talent pools. RPO firms have detailed databases of highly skilled and sought-after candidates, which an In-house HR team is unlikely to have. This enables RPOs to give you the most suitable candidates for your business as they have the ability to contact these special talents directly, increasing your chances of having a skilled individual at your disposal.
Time and cost efficiency:
The cost to hire and the time to hire for an RPO firm are much lower than an in-house HR team. An in-house team needs new personnel and training to be effective in sorting out suitable and skilled candidates and then interviewing them. This can be financially detrimental, not to even mention the time it requires to assemble such a team. RPOs have professionals that are experts in this subject matter and have worked in the field for years. This gives you the peace of mind that the hiring process is in good hands(and keeps your money in your own pocket).
Flexibility and scalability:
An RPO Firm gives you room for scalability and flexibility in the hiring process. Business staff requirements change every few months, as the business grows and you may hire candidates multiple times a year for different job vacancies. By outsourcing your recruitment, you do not have to worry about the numbers, kinds, skills required for the job vacancies. A professional RPO can handle all that on your behalf. They also have the flexibility to increase or decrease candidate volume on the client’s demand (even mid-operation).
Types of RPOs
On-Demand RPO:
This is the best choice for businesses who experience surges of job applications in shorter-terms e.g during holidays or winters. An agreement is created which lays down the specifics of the jobs to be filled, and a rough time frame is provided to the RPO firm by the client in which they experience the surge. These kinds of RPOs can be hired multiple times a year according to your needs and maybe the Full-recruitment kind or only specific functions may be allotted to them e.g interviewing and screening.
Permanent Recruitment:
A Permanent Recruitment RPO works as your recruitment and management agency. These handle all the aspects of your hiring, from advertising to screening and interviewing. Apart from that they also take on the management of your business staff. A cohesive system of recruitment and management is created that is much more streamlined and efficient than traditional methods and is emerging to be one of the more popular RPO choices. FoxMatrix is one of those emerging firms.
Project-based RPO
If your business is undergoing a change in strategy or is getting ready to launch a new service or product, Project-Based RPO is a good option. The RPO can handle the recruitment needs (from advertising to screening and interviewing) for the entire department, based on the job requirements and the number of staff required. This takes a lot of work off your plate and enables you to focus on things that really matter, like launching the product, service, or expanding your business.
To conclude
If you don’t have an in-house team of HR individuals with expertise in hiring, seasonal surges can overburden your staff. RPO firms present a practical solution to this problem. RPOs offer custom configurations for their programs which can be tailored according to your business needs, whether it be an ON-Demand request or Full or Permanent Recruitment Services.. You get extreme flexibility as well as expert knowledge and experience (and you also save time).
By-Yashika Thakur
