What is Recruitment Process Outsourcing?
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 PMAA to drive cost, quality, efficiency, service, and scalability benefits.
We are responsible for placing people into your organization. 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.
How does RPO work?
Our RPO quality recruitment outsourcing program blends dedicated recruiters, technology, and best practice hiring processes to transform an organization's talent acquisition function. Aligned to your hiring managers, RPO solutions drive the end-to-end recruitment process from forecasting to sourcing, assessing, placing, on-boarding, and reporting while utilizing expertise, innovative technology, and key performance indicators.
Through clearly defined processes and deep specialization, RPO solutions can dramatically reduce cost-per-hire, time-to-hire, and attrition, plus measurably improve quality of hire, reporting, and scalability, delivering you a far greater return on investment.
The benefits of Recruitment Process Outsourcing
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.
Manage fewer suppliers. Tailor your recruitment panel to supplement hiring, helping you drive quality, efficiency, and cost reduction.
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.
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 PMAA's RPO's experienced recruiters as an extension of your team provides accessibility to deep candidate networks and reduces time to engage those candidates.