Two weeks ago, no one in the United States could have imagined the impact COVID-19 would have on work nor day-to-day life. Businesses scrambling to work fully remotely without existing contingencies or infrastructure in place; Industries tanking while other industries experience dramatic demands; The term “social distancing” was born – leading to fear, panic and uncertainty.
What is Project RPO?
RPO stands for recruitment process outsourcing. It is a business model where a company outsources the management of the recruitment function (in whole or part) to a third-party expert to drive cost, quality, efficiency, service, and scalability benefits. RPO services can be useful for any hiring needs but are particularly useful when hiring needs to be scaled rapidly or when hiring requirements vary from week to week or month to month.
During the global pandemic, clients and employers have and will continue to see dramatic increases and decreases needed for new and different types of talent depending on environmental demand. This can present companies with a quandary – how do they ensure that they have the bandwidth and resources to get the talent and support they need during times of high demand, but avoid the cost of having those resources stand idle during the slower times? Project RPO is a solution to this problem. By partnering with an RPO provider on an on-demand basis, companies can ramp up or slow down the process at any time.
The third-party vendor, when properly enmeshed with hiring managers becomes an extension of your Talent Acquisition team. When managed well with a quality provider, RPO can reduce time to hire by 40 percent and deliver cost savings of more than 50 percent.
Benefits of RPO
Reduce cost per hire. Save your organization money by significantly decreasing your average cost-per-hire, often by more than 50 percent.
Shorten time to hire. Reduces your time-to-hire by over 40 percent, lessening your organization's lost productivity around open vacancies.
Digitize the entire hiring and onboarding process. RPO service providers also have access to more technology tools than in-house hiring staff generally would – including video interviewing infrastructure, which can help speed up hiring and bring costs down even more.
Access additional sourcing channels. Many clients are in a niche sector and need scarce skill sets. Leveraging formerly untapped sourcing channels to access additional candidates is one of many benefits of outsourcing recruitment.
Compliance. RPO services will ensure that you follow hiring regulations in your area because it's simply part of RPO recruiters' expertise to do so. With the number of cumbersome regulations seeming to increase continually, it will save time and money to use RPO services, knowing you will be compliant all along the way.
Improve quality of hire to deliver talent that delivers more, for longer. Studies continually show that high quality hires improve productivity for organizations. Embedded in your business, our RPO programs can provide world-class assessments measure candidate quality to make more informed hiring decisions.
Improve scalability to respond to your organization’s changing needs. An RPO solution allows your organization to flex talent acquisition headcount up and down as hiring needs change.
Gain transparency through reporting. Measure and track performance through regular reporting on key performance indicators (KPIs) and service level agreements (SLAs).
Mine talent data for continuous optimization. With an RPO solution, you'll have access to talent data with tangible insights to inform your hiring decisions, from talent mapping through to workforce planning. You'll increase efficiencies, identify process improvements, and better forecast future hiring needs.
Access expertise. Utilizing GDH RPO's experienced recruiters as an extension of your team provides accessibility to deep candidate networks and reduces time to engage those candidates while adding credibility to your employer brand.
GDH offers RPO and recruiting services to make hiring for your company as fast and as easy as possible. Contact us for information about all the services we offer.