A Comprehensive Guide to RPO Services

Businesses frequently worry about taking a risk by outsourcing. Outsourcing key business functions require a great deal of courage, planning, confidence, and commitment. Positively, COVID-19 has had a significant impact on outsourcing approaches and models in just two years. So, what exactly is the RPO company? What are its advantages? In addition, in the previous article, we discussed the top RPO firms in India.

What is RPO?                                                       

RPO, as its name implies, is a total workforce solution in which a business can outsource portions or all facets of the full-cycle recruiting process to a third-party service provider. The external recruitment service provider can be located either onshore or offshore.

The traditional procurement process of the RPO company follows the job analysis, creating job descriptions, promoting the same through various mediums, and placing the ideal candidate for the desired role. RPO firms in India design and execute the whole recruitment process, aligned to address client goals and challenges. They also make sure that resources can be scaled or ramped down as per the client’s requirements, enabling better operational efficiency and safeguarding sustainability.

Here are some advantages of RPO for an organization:

1. Qualitative Talent: Whether it is competitive or easy, RPO companies make sure their clients’ requirements are fulfilled. They are proficient, giving their time, energy, and resources to help your company enjoy the benefits. The experts dedicate themselves to sourcing, screening, and presenting the best of the best talent in order to meet the client’s expectations. Moreover, they create a diverse talent pool with detailed global databases that can provide quick links to vacancies and boost businesses. Most importantly, RPO cuts time by 40% and reduces supply costs by up to 70%.
2. Cost-efficient: At first, RPO services may seem very expensive, but you can certainly minimise the negative factors through their process of cost reduction and savings in the long term. You can easily measure the time, cost, and quality of hiring. They ensure your vacancies will go unfilled because hiring all by yourself increases your business expenses and HR resources. In addition to that, RPO is capable of meeting fluctuating hiring needs as well.
3. Agile and Flexible Recruitment: Your company may experience all the ups and downs in recruitment, especially when you are expanding any particular department. Similarly, if you want to freeze your hiring, they create practical models and structures that aid flexibility and accommodation in any situation. You will always pay for the talent that you acquire.
4. Enhanced Reach: It’s quite easy to reach global talent. However, it is quite difficult to reach global compliance. This is where RPO experts can be really handy; they are well aware of new employment laws and recent trends. So it is really beneficial, as they would hire people who are well-compliant with local regulations. For instance, hiring Indians is far different than hiring US citizens. Therefore, you won’t be too stressed when the Global RPO is here to meet all the requirements.
5. Less advertising expense: There is no doubt that, as a business, you must set aside money for advertising.The search for permanent staff is indeed quite expensive. However, RPO providers will help you cut down on all these costs. They have a database of potential employees. As a result, they approach candidates rather than having prospects approach them. You won’t have to spend money on an advertising company if you have a renowned RPO partner with you.

Different RPO models

Although the situation after a pandemic is a little hectic in terms of finding the right candidate, RPO providers have come up with different engagement models, so here are some that you can choose for your business.

1. End-to-end RPO: This model basically focuses on single departments, an individual market, or a global establishment. End-to-end RPO services additionally include company branding, inner mobility programs, advanced technology execution, and much more.
2. Project RPO: If you are an agency starting a new project and requiring a workforce for the same, then this is perfect for you. Hiring for you can be really challenging, but this RPO partner can help you get a dedicated team for a particular project.
3. Hybrid RPO: It is really helpful for business owners; in this way, your RPO partner will closely work with your HR team and, most importantly, curate a separate email address for recruiting candidates. In addition, you can employ a hybrid model to outsource any specific department.