Five myths of supplying talent through a third-party provider model
Recruiting
1. Outline Recruiting in a Recession What is a RPO?A Case for RPO’s How To Succeed in todays market?
2. Recruiting Strategies While In a Recession Battling The Storm: Recruiting may seem like a low priority for businesses today facing hiring freezes, or worse. But a recession requires a different way of thinking. Employers who take advantage of this market will come out stronger and more diverse when the economy finally turns around. In an environment where companies are forced to do more with less, it is critical that employers leverage the skills and talents of their existing workforce, and make sound hiring decisions based on this new climate. Provide Key Strategic Input: April 2008 saw total employment reach its highest level ever in many areas. In the second half of 2008, everything changed. It's no surprise that the instability of the economy will continue to have dramatic affects on the labor market for the next several months as businesses tighten their belts. As an HR professional, you're truly on the front lines of this battle, balancing productivity, quality control and consumer confidence with slashed overheads, reduced staff and increasing costs of employee benefits.
3. Think Outside The Box Adaptive Staffing In the months to come, employee productivity and personnel decisions will weigh heavily on bottom lines. Through better recruiting and staffing techniques, businesses can significantly reduce turnover costs, resulting in increased quality of work, productivity, and, ultimately, profitability. Get Creative You can survive the recession while positioning your company for tremendous success when the economy rebounds. Analyze and organize your labor force to increase quality, productivity, and flexibility. Install processes to increase your employee retention, engagement, and job satisfaction through new and innovative methods.
4. What is an RPO? Recruitment Process Outsourcing is a form of business process outsourcing (BPO) where an employer outsources or transfers all or part of its recruitment activities to an external service provider. The Recruitment Process Outsourcing Association defines RPO as follows: "when a provider acts as a company's internal recruitment function for a portion or all of its jobs. RPO providers manage the entire recruiting/hiring process from job profiling through the onboarding of the new hire, including staff, technology, method and reporting. A properly managed RPO will improve a company's time to hire, increase the quality of the candidate pool, provide verifiable metrics, reduce cost and improve governmental compliance."
5. What to Expect Why Recruitment Process Outsourcing (RPO)? Choosing to outsource your recruitment process will save your company money and improve your overall candidate hiring process. If done right, recruitment process outsourcing can have a lasting impact on your organization. Companies who use RPO have realized they can reduce hiring costs, improve recruiting processes and deliver a competitive edge. Effective RPO solutions scale to your business needs, provide access to expertise in filling hard-to-fill positions, respond to fluctuating hiring volumes and deliver a better candidate experience. With recruitment process outsourcing, recruiting is no longer a fixed cost, but a flexible operating expense that enables you to scale up or down as your business needs dictate.
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7. RPO providers claim that leveraging economies of scale enables them to offer recruitment processes at lower cost while economies of scopeallow them to operate as high-quality specialists. Those economies of scale and scope arise from a larger staff of recruiters, databases of candidate resumes, and investment in recruitment tools and networks.
8. RPO solutions are also claimed to change fixed investment costs into variable costs that vary with fluctuation in recruitment activity. Companies may pay by transaction rather than by staff member, thus avoiding under-utilization or forcing costly layoffs of recruitment staff when activity is low.
9. Insert non-formatted text here== Problems == If a company fail to meet the company's needs. This is especially true for outsourced programs like RPO: RPO can only succeed in the context of a well-defined corporate and staffing strategy.
10. As with any program, a company must manage its RPO activities. A company must provide initial direction and continued monitoring to assure the desired results. Overall, providing guidance to external activities can present a significant management challenge. Outsourcing of company processes may fail or prove a poor organizational fit. Improperly implemented RPO could reduce the effectiveness of recruitment.
11. The costs charged for outsourced recruitment transactions may total more than the cost of the internal recruitment department.
12. RPO service providers may fail to provide the quality or volume of staff required by their customers.
13. Placing all recruitment in the hands of a single outside provider may discourage the competition that would arise if multiple recruitment agencies were used.