In today's highly competitive labor market, where job openings outnumber available talent, finding and hiring workers is far from easy. According to a recent survey, 77% of HR professionals say they're having difficulty filling roles, mainly due to a low number of applicants and high competition. Additionally, the growing demand for workers with new skills, largely thanks to advancements in AI, presents additional needs.
Many forward-thinking organizations are turning to recruitment process outsourcing (RPO) as a viable solution to overcome these obstacles and improve their talent acquisition strategies. When partnering with an RPO provider, an organization outsources all or part of its hiring process. RPO providers offer expertise and tailored strategies, helping businesses recruit top talent efficiently and cost-effectively.
Let's explore some of the greatest advantages of outsourcing your recruitment process to an RPO partner:
1. Optimize the Candidate Experience
With a fiercely competitive job market, companies must deliver an outstanding application process and candidate experience to stand apart from other businesses. Candidates are more likely to accept your job offer if the recruitment process goes smoothly and they feel supported.
A positive experience also contributes to positive word-of-mouth, bolstering your employer brand and attracting top-quality talent. A good impression helps enhance your company's reputation. In fact, over a third of applicants would recommend an employer to friends and family if they have a positive candidate experience. By contrast, 72% of candidates who have a negative experience share it online.
From the initial contact to onboarding, RPO partners create a positive candidate experience by providing the following:
- Personalized interactions
- Timely and empathetic communications
- Clear expectations and timelines
- Confusion-free, streamlined onboarding
- Efficient recruitment processes
At Hueman RPO, we recruit for you, as you. Our experienced recruiters highlight the best of your brand and evoke enthusiasm to join your team. We also understand the value of monitoring candidate experiences to identify areas of improvement. Request your free candidate experience audit today to gain insight into your candidate flow.
2. Enhance Candidate Quality
Hiring quality candidates can bring many benefits, from increased productivity to decreased turnover rates. That said, finding great candidates can be challenging, especially when competing against other organizations in your industry.
RPO providers remove the burden of finding top talent by employing various recruitment strategies to attract high-quality candidates. For example, RPO providers may use AI-powered screening tools and pre-employment assessments to quickly identify candidates that match the skills, qualifications, and experience your company seeks. An RPO partner can also optimize your job postings and ensure your advertisements reach the right candidates.
3. Increase Talent Engagement and Retention
RPO providers work closely with organizations and hiring managers to understand the culture, values, and traits the ideal candidate should possess. Incorporating these elements into the employer brand, employee value proposition, job descriptions, and the interviews themselves can help ensure that the candidates selected align with your organization's values.
Employees who share the same values as their company are more likely to be happy with their jobs. They also tend to have a positive attitude towards their work. Feeling satisfied helps employees stay engaged and committed. They are motivated to do well and stay with your company for a long time when their values match the work environment.
Highlighting your company's values is just one aspect of attracting ideal candidates. Offering competitive compensation is also key to engaging and retaining talent.
A good RPO provider will conduct comprehensive market research to understand what other organizations in your industry offer candidates. They'll then review your pay and benefits plan and make recommendations to ensure it's competitive.
4. Realize Cost Savings
By working with multiple partners simultaneously, RPO providers can achieve economies of scale for recruitment expenses such as software, technology, and other necessary resources. This advantage helps RPO companies provide services at a much lower cost than if an organization were to handle everything themselves.
The cost of RPO solutions depends on multiple factors, such as hiring needs, types of positions, and length of partnership. However, RPO providers typically charge a flat monthly fee for all recruitment-related expenses.
Beyond the direct cost savings associated with streamlined recruitment processes, there are several indirect cost savings that organizations can realize through a strategic RPO partnership, such as:
- Reduced turnover costs
- Enhanced productivity
- Time savings for internal teams
Risk mitigation and legal compliance
5. Increase Hiring Efficiency
An RPO partner brings a high level of expertise to the table. They are highly trained and use cutting-edge technology, marketing techniques, and a dedicated recruiting team to streamline sourcing, screening, and the hiring process. This reduces time-to-hire without compromising the quality of candidates.
RPO providers also tap into market insights and industry data to forecast and proactively prepare for future needs. They continuously track and monitor recruitment key performance indicators (KPIs) to assess the performance of strategies and identify areas for improvement.
6. Access Scalable and Flexible Resources
As hiring needs fluctuate, it’s important to be able to adjust resources quickly and cost-effectively.
Whether a company is experiencing rapid growth or requires a quick response to changing market conditions, RPO providers can swiftly scale their recruitment operations and resources to meet changing demands. This approach helps businesses use resources better and adapt to changing needs in a cost-effective way.
7. Ensure Compliance With Recruitment Processes
Ensuring compliance with federal, state, and role-specific regulations and requirements can be time-consuming and stressful. RPO providers remove compliance-related burdens from your hiring team's workload and replace them with peace of mind.
Many RPO partners have experience dealing with complex licensing, certification, and credentialing requirements in industries such as healthcare. They also have expertise in complying with federal and state employment laws, which can help your company reduce legal risk. When you partner with a trusted RPO company, you can feel confident that your organization will comply with the strictest regulations.
8. Reach DEI Goals
A good RPO partner will help an organization seamlessly align recruitment strategies with Diversity, Equity, and Inclusion objectives (DEI). RPO providers can increase diversity in hiring by using different platforms to find qualified candidates. They can also create inclusive job descriptions and diversify the interview team. Additionally, providing training to reduce unconscious bias during recruitment is another effective strategy.
Furthermore, RPO partners often employ standardized assessment and interview methodologies to ensure fair evaluations, contributing to equitable hiring practices. Their commitment to understanding the unique cultural nuances of each organization ensures that DEI values are seamlessly integrated into the recruitment process.
9. Future-Proof Your Recruitment Strategy
Although businesses can't always predict economic shifts or changes in market demand, they can prepare for unforeseen challenges. An RPO provider helps organizations develop agile and proactive recruitment strategies to adapt to economic changes quickly.
RPO providers consult businesses on the best approach when facing an economic challenge such as a recession. They stay current on industry-specific workforce trends and use data and market insights to effectively plan an organization's hiring needs. With an RPO partner's expert guidance, you can ensure your resources align with your organization's short-term and long-term requirements, regardless of economic conditions.
10. Fill Specialized Roles
It can be remarkably challenging for any organization to find candidates for hard-to-fill roles. RPO companies utilize advanced recruitment tools and access vast talent pools and networks to find candidates with the precise qualifications needed for niche positions. RPO providers also leverage their recruiting expertise to identify specialized talent. They understand the unique requirements for specialized roles and how to source suitable candidates successfully.
Whether you're in healthcare, manufacturing, life sciences, technology, or any other industry that commonly faces difficulty hiring for hard-to-fill roles, you can rely on an experienced RPO provider to remove recruitment obstacles. At Hueman, we help businesses in a wide range of industries reduce their time-to-fill for specialized positions. For example, we helped a medical devices manufacturer make 150 hires for hard-to-fill roles. In doing so, our partner experienced a 20% reduction in average cost per hire and only spent an average of 38 days filling positions. Read our other success stories here.
Give Your Recruitment Process the Hueman Touch
Running a business is challenging enough. Outsourcing your hiring process preserves your time and energy for other growth areas and saves recruitment-related costs in the long run.
If you're ready to experience the benefits of recruitment process outsourcing firsthand, consider Hueman RPO. We take a consultative, people-first approach to attract high-quality candidates who match your organization's values.
As your RPO partner, we'll provide a dedicated recruiting team that will work alongside your internal staff. With Hueman on your side, you can expect individualized attention and recruitment strategies tailored to your organization's unique brand, values, and objectives.
Contact us to streamline your recruitment process, attract top talent, and meet your business's urgent hiring needs. We're ready to help you today!