Is your internal team having trouble finding the right candidate for the job? Are you dealing with high turnover rates? If this is the case, outsourcing your recruitment might be the right solution for your business.
Also known as Recruitment Process Outsourcing (RPO), outsourcing your Talent Acquisition means hiring an external team to take care of the recruitment process for you.
In a nutshell, a Talent Acquisition consultant will source the right candidates, interview them, and onboard them into your company, providing an end-to-end service. RPO is a form of Business Process Outsourcing (BPO) in which your internal team has something less to worry about.
Talent Acquisition can be a time-consuming task; from finding the right key words to advertise the job, to going through a myriad of CV’s and interviews before finding a possible candidate, the process seems endless. The time and energy your internal team invests in finding new talent, can instead be dedicated to achieving your business’s core goals if you decide to outsource your Talent Acquisition.
Aside from maximising your team’s productivity, there are many other reasons why you might want to consider outsourcing your Talent Acquisition. We’ve compiled a list of the Top 5 pros of going the RPO route that make it an intelligent move for both your team and your business.
Improve the quality of your team
Great teams are made with every new hire. Yet, great teams are not so easy to create, especially when you don’t have the time or expertise to look for stellar talent.
Having an external recruiter on your side not only gives you access to their unique expertise (whether industry, department or location specific), it also gives you access to a more extensive network of candidates as well as an un-biased perspective, guaranteeing you the right candidate to enrich your team every time.
In the end, experience truly makes a difference when it comes to being able to tell which candidate is the best match for your company.
Cut down on costs and minimise risks
Effective and efficient recruiting requires two things: expertise and time. To ensure that your next hire is a good one, time must be dedicated to the process. Outsourcing your Talent Acquisition will make this possible by having a recruiter dedicated to the job instead of relying on members of your own team who have other work to focus on.
The longer it takes to find a new candidate, the less productive your team will be, and the more money you’ll have to spend advertising for the job. Choosing to go the RPO route, will guarantee that the amount of time and money you do spend in the process will be worthwhile and pose minimal risks. In the end, you want to avoid a costly cycle of making the wrong hires over and over again.
Reduce turnover rates and enrich company culture
Not only are high turnover rates costly – both time and money wise – but they’re also detrimental to your company culture. Having people come and go can destabilise your team by cutting workflow, and in turn, hinder productivity.
It can also be quite demoralising for employees to feel a lack of security in their jobs, so reducing turnover rates by making the right hires can only enrich your company culture. A Talent Acquisition consultant can help you make sure that your teams are constituted by the best candidates that are there for the long run.
Keep up with your competition
If you’re a small business, a scale-up or start-up, it can sometimes feel like large companies are keeping the best candidates to themselves. Why? Simply because they have the funds to have dedicated recruitment teams in-house.
But the good news is that choosing to outsource your recruitment can guarantee your business access to the same high-quality service and talent. Similarly to larger businesses, you will then have access to a dedicated recruitment team, made of experts in your industry, who are dedicated to finding you the right talent.
RPO can, in fact, level the playing field and give your business a competitive edge by giving you access to a much larger and more diverse talent pool.
Help your business grow faster
If you’re looking to expand in a new country, need to be more cost conscious or are simply looking to fill in multiple new roles at the same time, outsourcing your Talent Acquisition can help you achieve these goals quickly and efficiently. By asking members of your own team to prioritise finding new talent over their jobs, you’re setting your business back from achieving its core objectives.
Letting a global talent acquisition company take care of your recruitment needs, will allow your internal team to keep focusing on their roles exclusively and make sure that new talent joins your team in no time. By going the RPO route, you will be able to grow your business faster, at a lower cost, and with minimal obstructions to your business’s core goals.
And if you are in fact expanding to a new country and wish to test the waters whilst keeping things simple, you can always decide to outsource all employment obligations (recruitment, HR & Payroll) by partnering with an EOR.
It goes without saying that in the end, it is the people in your team who make or break your business. By having the best candidates for the job, you’re ensuring that your business – whether large or small – can attain greater levels of success.
So why not leave your recruitment with a team of experts who will, in the end, make sure the process is a success?