Companies that outsource their recruiting process experience a handful of advantages that I will discuss in detail in this article. The term for this process is Recruitment Process Outsourcing, which itself is a type of business process outsourcing.
Before we delve further into the advantages of outsourcing your company’s recruitment process, let’s better understand what business process outsourcing or BPO really means. According to Wikipedia, BPO is when an employer outsources or transfers all or part of its recruitment activities to a third party service provider.
In other words, Business Process Outsourcing is the purchase of labor or services from an external source, that is, subcontracting a process to a third-party company.
The RPO Alliance, a group of the Human Resources Outsourcing Association (HROA), endorsed this definition in February 2009. “Recruitment process outsourcing (RPO) is a form of business process outsourcing (BPO) in which an employer transfers all or part of its recruitment processes to an external service provider An RPO provider can provide or assume the company’s staff, technology, methodologies and reports In all cases, RPO differs greatly from providers, such as staffing companies and contingent/retained search providers, in that you take ownership of the design and management of the recruitment process and responsibility for the results.” -Wikipedia
Now that we have a better understanding of what BPO is, let’s go back to the main topic of this article, which is outsourcing the recruitment process and its advantages for your company.
time/speed
Hiring a recruiting company to do the recruiting process for a new project will save your company precious time. A recruitment agency already has a database of prospects ranked by skills, knowledge and experience, all you have to do is submit your requirements and they should contact you with a list of candidates who will be ready to be interviewed.
Money/Costs
If it saves you time, it will save you money. Imagine assigning employees to run your company’s hiring process, first these employees will have to stop what they are doing to focus on the hiring process, which can be a lengthy process. This could be a problem for small and medium-sized businesses, as large corporations have their own recruiting departments. But still we are seeing that even the big shots are outsourcing their recruiting processes to cut costs.
Quality
Some might say that who better to know the needs of a business than the owner or someone who works for it. This saying is correct up to a point, but when it comes to recruiting new staff for a specific job or project, this can be quite a challenge. So better leave it in the hands of professionals. Specialty recruitment agencies have extensive resume databases and the network to find the right type of candidate.
Today these agencies have evolved so much that if you need recruits for a construction project you go to a construction recruitment agency, a new engineering project you look for engineering recruitment agencies and so on.
Now that you know the benefits of hiring a recruitment agency, do you still want to do the process in-house?
