What is RPO? What can it do for your business? When does it make sense to engage an RPO provider? These are excellent questions to ask when exploring how recruitment process outsourcing works.
Recruitment Process Outsourcing (RPO) is when a business outsources all or parts of its hiring processes to a recruitment firm, whether in targeted support or an end-to-end solution. The demand for RPO is skyrocketing with an expected compound annual growth rate (CAGR) of 18.5% from 2020 to 2027. And the reason behind this is simple.
RPO is an effective business strategy that helps businesses overcome time, productivity, and profitability obstacles. It not only lowers costs, but it creates flexibility, scalability, seamless compliance, and global reach.
How does Recruitment Process Outsourcing work?
Consistency is key with RPO, and it is this consistency through documented practices that give companies the edge they need to recruit top talent. This is not to say RPO is not customized, though. It is! No matter how you engage with RPO, you will find there are six consistent areas of your business that RPO will impact.
The Six Impact Areas of Recruiting Process Outsourcing
For deeper insight into how RPO can positively impact your business, you need to look at six specific areas, as outlined in Our latest e-book, What You Need to Know Before You RPO: A Near Beginner's Guide to Recruitment Process Outsourcing.
These areas include:
- Change Management - RPO can help redefine the talent acquisition function from a cost center to change driver.
- Cost Containment - RPO introduces both process consistency and price predictability.
- Implementation - A targeted recruiting and sourcing strategy may actually lower the quantity of applicants, but it almost certainly will boost the quality.
- Employment Brand - Put your best foot forward with an employment brand that welcomes applicants from the get-go.
- Technology Adoption - RPO providers are experts in recruiting and HR technology, so you don’t have to be.
- Data Analytics - To develop relevant and proactive sourcing strategies, RPO recruiters rely on accurate data on labor market demographics, skills, availability, and pay rates.
Recruitment Process Outsourcing Impact Chart
Why Businesses Outsource their Recruitment Process?
Many businesses outsource their recruiting because they lack the time and bandwidth necessary to focus on the sourcing and recruiting process. By utilizing RPO, they can focus on core business functions, while their RPO partners improve recruiting effectiveness, cut costs, reduce turnover, and enable growth.
Our latest e-book, What You Need to Know Before You RPO: A Near Beginner's Guide to Recruitment Process Outsourcing, provides in-depth insight into what you can expect from an RPO engagement, across multiple stages and stakeholder arenas. Whether you are exploring your options, building a business case, or selecting an RPO provider, this e-book will help you decide if you're ready to take the next step. Download it today!
Ready for a RPO Solution today? Learn about Orion Talent's Talent Solution RPO services here.
Learn More About RPO:
- 4 Reasons For RPO: What is it & What Does RPO Mean?
- What's The Difference Between RPO and Staffing?
- How Does Talent Acquisition RPO Work?
- Try Our RPO Questionnaire
- Improve Your Time-to-Fill with RPO
- What's the ROI of RPO
- How does Manufacturing RPO Work?
- The 7 Steps of the Recruitment Process
- Talent Management Metrics
- Benefits of Outsourcing Talent Acquisition
- Time To Hire Vs Time To Fill
- Top Recruiting Metrics
Archives
- May 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- March 2017
- February 2017
- January 2017
RSS Feed