What is Recruitment Process Outsourcing?
Recruitment Process Outsourcing (RPO) is the outsourcing of all or part of recruitment to a third-party recruitment specialist. When managed well with a quality provider, it can reduce time to hire by 40% and deliver cost savings of more than 50%.
The RPO model embeds dedicated recruiters, technology and best practice processes inside an organization’s business. Aligned to hiring managers, they lead the end-to-end recruitment process from forecasting to sourcing, assessing, placing, on-boarding and reporting.
Through clearly defined processes and deep specialisation, RPO solutions can dramatically reduce cost per hire, time to hire and attrition, plus measurably improve quality of hire, reporting and scalability, delivering you a far greater return on investment.
The benefits of Recruitment Process Outsourcing
Reduce cost per hire
Save your organization money by significantly reducing your average cost per hire, often by more than 50%
Reduce time to hire
Reduce your time to hire by over 40%, dramatically reducing your organization's lost productivity around open vacancies.
Tailor your recruitment panel to supplement hiring, helping your drive quality, efficiency and cost reduction.
Increase sourcing channels
Many clients are in a niche sector and need scarce skill sets. Looking at new sourcing channels previously untapped to unlock additional candidates is a key benefit of RPO.
Improve quality of hire to deliver talent that delivers more, for longer
Studies continually show a quality hire delivers organizations greater productivity. Embedded in your business, RPOs provide world-class assessment and training.
Improve scalability to be responsive to your organization’s changing needs
Flex headcount up and down as you need, ensuing you are not burdened with unnecessary costs when hiring volumes fall and can respond fast when they rise.
Improve metrics to help your organization continually learn
An RPO helps you select and implement an effective applicant tracking system (ATS), improving measurement and reporting so your organization can continually improve.