How to Implant Recruitment Process Outsourcing Trends into Your Business?
The successful workflow of every company greatly depends on the quality of its recruitment process. What is recruitment in this situation? Generally speaking, it is the process of finding the right person for the job. The more professionally this process is conducted, the bigger company’s profits will be. Most business people understand this and therefore implement a great deal of effort into creating and managing their company’s HR department. However, those actions also require lots of financial input and some companies simply cannot afford that. Luckily, today we have a new option on a market that is called recruitment process outsourcing.
Recruitment Process Outsourcing: An Overview
Recruitment process outsourcing, or, as it is also known, RPO is a business model, that originated not that long ago and currently is widely used by companies all around the world. What is it all about though? RPO recruitment process outsourcing implies, that a company delegates all its recruitment management processes to an outer executor. In this case, the recruitment process outsourcing companies can provide their own staff or use the already existing employees of the company-employer.
There are usually three main types of recruitment process outsourcing services: ‘end-to-end’, ‘project’ solution and ‘on-demand’ solution.
It would be wrong to claim that the only good use for recruitment process outsourcing is to fill in positions, as it stands for so much more than that. One of the greatest recruitment process outsourcing benefits is that it can significantly improve your company’s recruitment strategy. However, this is not the only advantage of the RPO model recruitment that you get. Let’s now talk about the pros of recruitment process outsourcing model in detail.
Recruitment Process Outsourcing: Benefits
There are lots of benefits for you to hire top recruitment process outsourcing companies. Let’s get through the most prominent of those:
- Time savings. When it comes down to conducting business – the time is valued the most. All business owners are trying to receive the best quality for the least amount of time. This is specifically what IT recruitment process outsourcing was created for. Now while an RPO company takes care of your recruitment management, you can dedicate your attention to the company’s more urgent tasks.
- Easier planning. With the use of RPO, you will be able to foresee your recruitment needs and plan them in advance.
- Extensive talent pool. With traditional hiring, you are entitled to search for new talents within your country or even city. Now with recruitment process outsourcing model, you can significantly extend the field of your search party to other regions and countries.
- Cost reduction. One of the greatest recruitment process outsourcing benefits is the opportunity to reduce your hiring costs up to 50%.
- HR process improvement. When it comes down to using RPO as a part of your business strategy, it is more than just filling in an open position, but rather the improvement of your HR strategy as a whole.
Recruitment Process Outsourcing Companies: Are They in Demand These Days?
Continuing the topic of benefits of recruitment process outsourcing – there is no better way to prove the popularity of this method than to show how many RPO companies operate on the market these days. However, you should clearly understand the difference between RPO firms and staffing agencies. While the latter simply supply you with candidates for the position, partnering with RPO will allow you to completely change and optimize your whole recruitment process. Think of your recruitment process outsourcing company rather as your business partner, than just a vendor.
Also, according to this source, there are over 60 companies that currently provide recruitment process outsourcing services.
These numbers only prove the extensive list of benefits of this method and improvements that it can bring to your business.
Recruitment Process Outsourcing Model: What It Is and How It Works
Previously we briefly mentioned the three most common RPO models, however, let’s discuss those with a bit more details. Nowadays such RPO programs can be found on the market:
- An ‘end-to-end’ – this RPO solution may be used in almost any situation and remains to be one of the most popular ones.
- A ‘project’ solution – in this case, recruitment process outsourcing firms are assisting you with finding perfect candidates for a particular project.
- An ‘on-demand’ solution – for this matter recruitment process outsourcing companies provide your already existing team of specialists with one or two outsourced executors.
Recruitment Process Outsourcing Trends
A few last years brought many new trends to RPO practices. One of the most prominent ones were the following:
- Keeping eyes on the taxes. One of the biggest recruitment process outsourcing trends of recent years was the PRO companies keeping track of all the taxes change that might have affected their clients’ recruitment process.
- Google for Hire and Google for Jobs. The HR world receives new and amazing technologies every now and then and these were the two most outstanding ones in recent years. As claims the head of the Recruitment Process Outsourcing Association, these technologies, even though might seem like a substitute for ‘human touch’ in the world or recruitment, in fact, will be a great supplement to the whole RPO strategy.
- The deficit of talent. Lately, it became harder for employees to find great specialists for their projects. Obviously, it became one of those recruitment process outsourcing trends that caused a great effect. RPO companies had to adapt to new realities in the job market. As the market continues to tighten, more and more companies tend to look for time-to-fill RPO options.
- More interest in RPO from small businesses. With such strong competition in the job market, small business owners simply cannot withstand and recruit necessary talents. Therefore, many small businesses start turning towards recruitment process outsourcing as an option for their future prosperity.
- Lots of freelance. Over the last couple of years, freelance became quite a big deal in the world of recruitment and more and more companies turn to it as their permanent solution.
Recruitment Process Outsourcing: Pricing
Now that you have learned how awesome this strategy is for your business, you are probably wondering how an average RPO salary looks like. For better information perception, we present you with a table of RPO specialists’ wages from all around the world. All number were taken from Upwork.
|United States||United Kingdom||Poland||Ukraine||Bulgaria|
|Rate per hour||$120||$98||$73||$40||$43|
Also, moved to the chart below so you can see the difference.
As you see, Ukrainian RPO specialists have the lowest rates, however, do not let that fool you as according to Hacker Rank’s report, Ukrainian programmers hold the 11th place among the best ones in the world.
Recruitment Process Outsourcing: Sample Contract
Right before you jump into this collaboration, it would be better if you took a look at the recruitment process outsourcing sample contract first:
RPO Worldwide Services: Final Thoughts
As you have learned from this article – RPO is not just another outsourced company that does staffing for you, this is a whole new strategy in business, that can bring it to the top within months. Now that you know all about its benefits and have taken a look at the recruitment process outsourcing sample contract – it is time to get down to business and find your perfect RPO company. However, there are so many these days, which one should you choose?
As we already discussed, when it comes to outsourcing, there is no better place than Ukraine, to do that. Among all Ukrainian RPO companies, there is one, that will definitely become your favorite. It is called Mobilunity and here is the list of reasons why you should choose them as your RPO contractor:
- Fast employment process
- Low prices
- Wide variety of options to choose from
- Convenient location
- 24/7 customer support
These and many other benefits of this company will make you fall in love with RPO and all the opportunities it might open for your business.