Let’s face it- recruiting agencies get a bad reputation. Many companies avoid enlisting the help of an agency to find talent because their methods can be expensive and inefficient. However, with the shift toward new recruiting methods such as RPO, your business can now benefit from a flexible and dedicated solution. Unlike traditional recruiting, RPO isn’t about simply filling positions, but developing a hiring strategy for the employer brand’s long-term success. Below we’ve listed the top 5 benefits of RPO.
1. Cost Savings
Traditional agencies “charge 20% to 30% of the salary of each placement they make,” according to Accolo.com. Therefore, if an agency is tasked with making a placement for a position with an $80,000 salary, they would charge between $16,000 and $24,000. On the other hand, RPO will cost between 10% to 16%. That means RPO can save you between 40-60%.
2. More Resources
When you hire an RPO provider, they act as your entire recruiting function. That means there’s a team of people dedicated to finding the best hires for your company. In addition, RPO providers have access to the latest recruitment technology and use analytics to properly track hiring. This makes it easier for the company to understand and evaluate their hiring process.
3. Consistent Process
Not having a consistent and reliable hiring process in place can be detrimental for any business. It creates confusion and frustration for the candidate, causing them to have a negative interview experience. To avoid this, RPO providers establish a process of sourcing, screening, and selecting candidates. In addition, they may develop procedures to ensure hiring is consistent across all departments.
One of the greatest things about RPO is that it can scale up or down according to your company’s needs. This is especially helpful for small companies that are growing rapidly. RPO providers are able to adapt to any situation, making them highly flexible. Whether your company is growing or downsizing, this solution is built to accommodate and offer scalability.
5. Candidate Quality
Perhaps the most significant benefit of using an RPO provider is the increased candidate quality. While a hiring manager may be pressed for time and rush the recruitment process along, an RPO provider undergoes a rigorous process to find and retain the best talent. Their industry expertise, combined with advanced recruiting technologies, make them equipped to attract the best candidates for any position.
RPO solves the traditional recruiting problem by providing a high-value solution at an appropriate cost. It signals the recruiting industry is evolving and recognizing the need for a more flexible recruitment model. With all the benefits of RPO, including advanced resources, scalability, cost savings, and a consistent process, it’s no wonder recruiting agencies and businesses are taking advantage of this method.