Becoming a recruitment process outsourcing (RPO) provider can set you apart from traditional recruiters. For many companies, hiring a recruitment process outsourcing provider can add permanent value to their hiring process. Find out how recruitment process outsourcing benefits your clients and your career.
What is recruitment process outsourcing?
Recruitment process outsourcing is the process of taking over a company’s full cycle recruiting and improving it.
An RPO provider works with its client to implement a fresh recruiting process, strengthen employment branding, cut prices, hire future candidates, and retain current employees.
If you are an RPO recruiter, your job isn’t done when you fill an open position. An RPO recruiter can work with a client for years to resolve key issues in the company’s hiring process.
To create an effective RPO solution, you must gather information about your client’s company, design a solution that can fix the current process, launch the solution, and analyze the results.
Recruitment process outsourcing benefits
There are many benefits of RPO for your client’s companies as well as your own recruiting career.
Benefits of outsourcing recruitment for a business
First, here are some of the advantages of outsourcing recruitment and selection for a business. A potential client might want your RPO services to:
- Save time
- Reduce costs
- Develop employment branding and employee value proposition (EVP)
- Source top talent
- Retain talented employees
Outsourcing recruitment saves a company considerable time filling an open position. They do not need to devote time and energy to the sourcing process, and they can spend less time weeding through applicants. Recruitment process outsourcing saves a company from taking the time to revamp their entire recruiting process.
The average cost-per-hire is $4,129. With a revamped recruiting process, a company can decrease the cost of hiring. And because the company would be saving time, they can reduce costs associated with time spent recruiting.
Additionally, a high turnover rate means a company is constantly spending money filling those positions. By retaining talented employees (described in more detail later on), a company can reduce costs associated with turnover.
Develop employment branding and EVP
An employer brand is the reputation a business earns based on how it treats its employees. As a company’s RPO provider, you could work on your client’s employment branding strategy and create a business model that encourages employee wellbeing.
EVP includes the benefits an employee personally receives from working at a business. You can incorporate a client’s employee value proposition model into their brand. Then, you could promote your client’s employment brand and EVP as a marketing tactic when sourcing new employees.
Source top talent
Recruiters know exactly what to do to source talent. Not only will you help your client find quality candidates, you will teach them the skills and implement the necessary tools so they know which candidates would be good fits at their companies.
Retain talented employees
Retaining talented employees is important to a business because it decreases costs associated with turnover and ensures key employees do not leave. With a recruitment process outsourcing solution, you create a plan meant to satisfy future and current employees.
Benefits of RPO services for recruiter
Here are some of the benefits of RPO services that could improve your own recruiting career. Offering RPO solutions can:
- Provide steady long-term work
- Create strong relationships with clients
- Help you become more marketable
- Make educated adjustments to your process
Provide steady long-term work
Finding new clients can be challenging from time to time. If you offer RPO services, you will work with clients for long periods of time. This constant workflow can be a relief for some recruiters.
Create strong relationships with clients
Because you work with clients for extended periods of time, benefits of RPO services include strong relationships and referrals.
Once you build strong relationships with clients, you further your chance of working with them again in the future. And, you improve the likelihood that they will refer your services to other companies. A recruiter referral can be invaluable to securing more work.
Help you become more marketable
Adding another offering to your services also increases your marketability. You can market your ability to provide the service to potential clients and recruiting firms.
When sourcing potential clients, you can attract a greater amount of companies that are looking for different services.
Your marketability also improves when it comes to advancing in recruiting firms. By adding RPO services to your resume, you become a more attractive candidate for an open recruiting job or promotion.
Make educated adjustments to your process
For an RPO solution to be effective, you need to measure it. To analyze the results of a new solution, you must use recruiting metrics like time-to-fill, response rate, turnover rate. These can show you how effective the new solution is.
Measuring the recruitment process outsourcing plan for one client can be beneficial to your recruiting strategy as a whole. You can learn what works and what doesn’t, which can give you the edge the next time you must create an RPO strategy or even when you’re doing traditional recruiting.