You have probably wondered the same thing as your competitors: Should you do in-house hire or recruitment process outsourcing (RPO)? But, before we get to that, let us discuss what exactly RPO is and how it works.
Recruitment Process Outsourcing- it is a model by which an employer or a company transfers all or a part of the talent sourcing & amp, hiring responsibilities to a third-party agency. The external service provider acts as an extension to a company’s hiring department who takes care of all the recruitment operations. It also helps you to decide what is right for your business/organization. Listed below are few reasons why the outsourcing model is important as compared to the hiring model! Scope of Responsibility: In-house HR teams have multiple areas of responsibilities like workforce planning and development, employee relations, risk management, recruitment, employee engagement programs, and more. Hiring takes away valuable time. Whereas external service providers can offer flexibility when it comes to managing responsibilities. They can provide guidance on effective workforce planning, employer branding, training & development, building long-term talent pools & more. They can fall behind if your team already has their hands full. Hence, enlisting the help of the RPO agency is the optimal route. Cost-Savings: Hiring new staff members does not come cheap. From interviewing to training, hiring involves extensive cost, time & amp, effort. These are all overhead costs. To avoid these extra expenses, working with an RPO can cut your cost significantly. You wouldn’t have to bother paying monthly fees on Linked, Naukri.com, and other such recruitment platforms and tools. The RPO agency will cover all the bases of your hiring needs while controlling recruitment expenditures. Hence, outsourcing your recruitment needs is a more cost-effective alternative. Scalability: The outsourcing model is designed to conveniently scale recruitment processes up or down at a cost that will not affect your business/organization. Hiring RPO’s expert services can help in enlarge the size of your team at a comfortable rate. It also allows you to focus on more important business while ramping up your team. Expertise: Recruitment process outsourcing agencies specialize in the field of recruitment & human resource solutions. They oversee the strategic recruitment process and design solutions that an in-house team may not be capable of. The RPO agency utilizes technologies that provide comprehensive or full management information, optimal audit trail, forecasting & amp, reporting for strategic headhunting, better analysis. RPO agencies have broader knowledge and spend more time in the market to find the right talent. They know exactly what an excellent candidate looks like, which means getting right onto business and reducing project delay. To sum it up, some instances hiring one or two in-house recruiters might do your company good. However, there are cases where you don’t have the time and resources to manage the demands of your business. And this is where a recruitment process outsourcing company comes equipped with everything you need. Having the candidate-friendly recruitment process is the only way that attract the best talent in your industry. This can be done by recruitment process outsourcing agencies. You only need to weigh in all the considerations to help you form the most logical and fitting decisions that will affect your business positively.
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.
Posted by: CA Aman Aggarwal
AKGVG & Associates