Finding the most qualified and suitable candidates for the job positions in your company has proven to be one of the most challenging tasks. When you have the right people on your team your business can grow much faster. Sadly, the recruitment process in many companies is often time-consuming and expensive.
For that reason, the goal of many companies is to make this process quicker and more efficient, and that’s why they are looking for different ways to do that. Outsourcing recruitment is one of the strategies that help companies solve this problem, employ the best candidates, and create a successful team.
Still, some companies are not familiar with this process or are simply not convinced that this may be the best solution for finding good employees. Hence we have found ten reasons why outsourcing recruitment pays off and many businesses should consider implementing it in their operations.
What is Recruitment Process Outsourcing?
Before we dive into the advantages of outsourcing recruitment, it is important to understand what this actually means. A large number of companies haven’t implemented this process partially because they are not familiar with it or don’t really understand what it entails. In its essence, outsourcing the recruitment process means delegating all or part of the recruitment tasks to an external provider.
In other words, an external company or agency takes over the selection and attraction of potential employees, as well as conducting interviews, hiring, and onboarding of new employees. In this way, this RPO provider would have the role of your in-house HR team.
10 Reasons Why Outsourcing Recruitment Pays Off
Now let’s get into the core of the advantages and benefits of getting external help with your HR processes. Why should you outsource recruitment in your organization? Here are ten reasons that may convince you to try it.
1. High-Quality Hires
RPO providers or agencies have recruitment as their main focus of operations. They invest their time and resources in finding the right candidates for various job positions and make a careful selection of the top talents. Looking for high-quality hires is their priority and for that reason, they may do a better job in selecting the right candidates for you. Recruitment is their specialty and all you need to do is simply delegate your HR process to them.
2. Reduced Costs
Hiring full-time employees in your organization as part of your in-house HR team would cost you much more than hiring an external RPO team. In this way, you save costs on medical care, benefits, or training that you would need to pay to your full-time employees.
Additionally, RPO professionals will save money and time in the long-run by scaling up or down the recruitment activities according to the company’s needs. Not to mention that they help with the onboarding process which is also proven to be cost-effective.
3. Helps You Focus on Core Business
Outsourcing the recruitment process will allow you to focus on more important aspects of your core business. If you have an in-house HR team they can work on employee retention and satisfaction and not worry about hiring new staff. In addition, you can invest your time and attention in other crucial tasks, solving pressing issues, or communicating with clients, customers, or users.
4. Improved Recruitment Efficiency
When you decide to outsource recruitment it means that you are bound to gain higher efficiency in the recruitment process. RPO providers focus on making this process as short as possible and their aim is to save you time and money.
Having unfilled job positions for a long time leads to a negative income and it burns cash. When you have a team that is focused solely on hiring suitable candidates and selecting the best it will shorten the entire recruitment process.
5. It is Time-Effective
On top of the fact that outsourcing recruitment will reduce costs for your business, it will also save you plenty of time. The recruitment agencies will be selecting the candidates, reaching out to them, and even perform the screening process which will save a lot of time for you or your in-house HR team. You will receive only the selected few candidates that fit your requirements best and this will make the process much more efficient.
6. Talent Pool
These teams spend most of the time reaching out to candidates with various specialties and expertise and thus creating a large pool of talents. In that way, they have several candidates on their reach whenever there is a need for hire at a certain company. It goes without saying that by having this type of talent pool at their disposal the recruitment process can be completed pretty fast.
7. Reduced Turnover Rate
Having an efficient recruitment process leads to a reduced turnover rate. If you hire the right and suitable candidates in your organization it is very unlikely that they would want to leave your team. All you need to do is work on employee satisfaction and the high turnover won’t be an issue for your company.
8. Take Advantage of Advanced Technology
Recruitment agencies usually invest in the latest technology to improve their efficiency. Hiring them or outsourcing recruitment will mean that you will get your hands on the latest tools that will help you simplify the recruitment process and improve your overall experience.
9. Rapid Growth
In times of experiencing rapid growth, many companies especially small businesses are having problems meeting their recruiting needs. This makes the in-house recruitment process very challenging and this team would benefit from outsourcing recruitment. The outside recruiting agencies can take over the entire recruitment process with more experienced recruiters and advanced technology.
10. Competitive Advantage
One of the ways for small businesses or startups to compete with larger corporations is through outsourcing recruitment. When these small companies hire RPO professionals they will be able to hire high-quality staff more efficiently and in that way save resources to keep up with the larger companies.
It is not recommended that you wait for recruiting issues to seek help from other HR experts. As a rule, it’s always best to act before you face certain obstacles and be prepared to come out as a winner out of these situations. All in all, there are hardly any disadvantages to outsourcing recruitment, so why not give these services a try.
Author Bio: Brankica Dimovska is a Co-Founder and Marketing & Business Development Manager at Ignite Global Media. As an experienced content writer, she has contributed to many well-renowned websites writing on various topics.