The key tenants of an RPO model are dedicated Recruiters and exclusivity on the requisitions. Clients expect us to become their Recruiting Organization. Recruitment Process Outsourcing is the transfer of operational responsibility for one or more recruiting functions or tasks, including recruitment administration, from the client to a service provider.
When a business downturn hits and recruiting needs suddenly drop, so does a company's need for recruiting staff. Likewise, when the business is expanding into another product category or region of the world, recruiting needs may suddenly spike. Outsourcing the recruitment function allows a company to pass along the cost risk of those resources to the business partner. Recruitment Outsourcing firms like Verve RPO take on the responsibility of efficiently adjusting resource levels when hiring fluctuations happen so the client does not bear the burden of carrying unnecessary staff, or conversely, being short when greater resources are required.
Time is money and hiring new professional level employees takes a lot of both. From sourcing resumes to conducting interviews and negotiating offers, acquiring a new employee taxes your internal resources. Plus, each day a job requisition remains unfilled, your business loses the benefit of that employee's contribution and wastes recruiting and budgetary resources that could be dedicated to other initiatives. Outsourcing all or part of your internal recruitment function can reduce your time to hire dramatically by leveraging.
One of the most common problems we see with the recruitment lifecycle is that it's a disjointed and uncoordinated multitude of practices good and bad across organizational functions, departments, divisions and regions. Often, this causes overlap in advertising purchases, training and on-boarding procedures, as well as poorer hiring decisions and ultimately higher operational costs. Procuring an RPO project gives you the opportunity to rethink these processes. The RPO vendor will help examine your recruitment process workflow(s) to determine where overlap, excessive cost, and inefficient practices may exist. Then, an outsourced model can be created for you, providing you with service levels and success metrics that exceed the status quo.