You must have heard the term BPO or Business Process Outsourcing, right. However, do you know what RPO or Recruitment Process Outsourcing is?
Human resources aspirants or professionals must be aware of it. However, if you do not know, do not worry; here is everything that you need to know about RPO.
What does RPO mean?
You can consider RPO as a specialized subset of BPO. In RPO, a business outsources its recruitment process. Companies can acquire the service in part or entirely to a third-party expert. The RPO expert performs on behalf of the firm to increase the productivity and ROI of the hiring procedure. An RPO service provider has more responsibility than a recruitment agency in the design, results, and recruitment process.
How does RPO act?
The RPO team first understands the company’s hiring needs and designs a solution based on it. Then it takes ownership of the entire recruitment process to generate and qualify candidates, fill managing roles and, possibly, depict the future demands.
What is the importance of an RPO?
Leaders worry about outsourcing a critical role. However, the following reasons explain why companies need RPO services for their survival:
● RPO service providers have well-structured strategies; they prevent lousy hiring decisions and bring more stability and efficiency to the process.
● RPO takes the full responsibility of hiring and offloads the burden from HR teams’ shoulders and enables them to perform on more essential tasks.
● RPO partners with the company and functions as an expansion of their private group.
● RPO service providers bring talent acquisition strategies to enable businesses to have the edge over their rivals.
Common RPO Models
There are three models of RPO for different types of companies and requirements.
On-demand model helps organizations in their sudden and immediate hiring requirements. They can fulfill these needs very precisely and promptly. This model helps firms to save more time and money.
The organization that selects the function-based model outsources the RPO for the recruitment for a specific division or a project. The internal recruitment team takes care of other recruitment needs.
The full RPO model is different. Here, the RPO service provider ultimately serves as an internal hiring team.
What do RPO services consist of?
The model mentioned above can fulfill one or more of the below-mentioned services.
Planning of workforce
They forecast short-term and long-term recruitment needs.
RPO service providers find out the best platform where high-performing candidates are given importance.
They screen various parameters such as background checks, employment history, and multiple data of the aspirant.
Companies can use RPO service to develop outreach programs for undergraduates, internships, apprenticeships, vacation schemes, etc.
They help to position the company and the culture so that they can get the right talent.
RPO services deliver a practical experience from targeting the aspirant to their onboarding.
Recruitment Analytics support
It benefits to produce checklists along with methods to analyze and recognize the metrics of the recruitment process.
Risk management and compliance
They ensure that all the operations and hiring processes are legal, ethical, and meet the regulations.
Critical stages of an RPO
They obtain data on the company’s current hiring methods and conduct a stakeholder analysis. It is the most critical milestone in applying an RPO service.
The RPO service providers build an exhaustive process map based on the responses to the above process.
There has to be a change management plan as new teams start to explore or concentrate on their duties.
All stakeholders from the business and the RPO organization experience training to ensure the success of the process.
Advantages of an RPO
- -RPO works on the principle of a scalable along with a flexible solution.
- They always meet the strict timeline of hiring requirements.
- They create and follow the protocols to hire quality candidates.
- RPO providers measure the insights from each stage of the ongoing process for effective decision-making.
RPO is replacing all the significant methods of recruitment to offer a more holistic workplace. The chances of creating a win-win situation are very high if RPO service providers and companies work together. ‘
If you are also searching for an RPO service provider, you can get in touch with us FinAcc Global.