February 19, 2022
Outsourced Recruitment: Why you must choose it?
Companies usually find themselves in a dilemma when it comes to hiring new talent. Is it better to use the traditional in-house recruitment method with the resources that the Human Resources department have available, or is it time to bet on outsourced recruitment, as is the case of a Talent Acquisition company?
Both options are valid and have their own advantages and disadvantages, but we are here to describe the benefits and main challenges of one recruitment methodology: the outsourced recruitment, so you can take it into consideration when deciding which option suits your company better.
What is Recruitment Process Outsourcing (RPO)?
Recruitment Process Outsourcing (RPO) is the act of hiring an external company to undertake part, or all, of your company’s hiring process, thus offering you a personalized service that satisfies your need of finding a right fit.
This intermediary between your business and the potential candidate will be responsible not only for looking for talented people who fit your company’s culture, but also help in defining the position and its specific functions. Furthermore, it will help helping throughout the process of incorporation and subsequent evaluation of the candidate. Usually, the overall costs of the service will always depend on the requirements of each company.
Why Choose an Outsource Recruitment Company?
Although there are several reasons why a company may decide to bet on an outsourced recruitment service, we will simplify them in three factors that usually lead organizations to evaluate its use: cost, time and access to technology. You have to bear in mind that they will inevitably vary depending on your business area and even its organizational culture.
1. Costs of In-house VS Outsourced Recruitment
Many companies still think that hiring an external agency for handling recruitment processes might be much more expensive than delegating the work to the in-house HR department, but the truth is this is not necessarily the case.
Involving the in-house team implies that they will take care of everything, from analyzing the functions that the candidate will occupy to looking for the ideal talent and finally evaluating if it is the most appropriate option to join the company. As we well know, the workflow of these departments is usually complicated due to its other functions, so if the work is not thorough enough, much more time and money can be wasted than choosing an outsourced recruitment.
For example, let’s imagine the case of a Human Resources department that, in addition to managing the company’s payroll, ensures the well-being of other employees, among other functions. They must begin by finding the description of a specific profile and then looking for talent to evaluate. It is possible that if the position is not defined correctly, the perfect candidate will not be found, or it may take longer to do so than hiring a Talent Acquisition agency that works with specialists in each area and that have already studied the market.
A Talent Acquisition process takes a longer time to develop, but is much more likely that the right candidate will be found, thus reducing the potential costs of rehiring and training new talent. As in any process, we believe that it is very important to consider the ROI of the different types of recruitment and how they can work for your business’ benefit.
At Talent2Win, we measure the effectiveness of our Talent Acquisition process with recruitment metrics that help us analyze if the process is performed on time, on budget (without any additional expenses) and has no early turnover.
2. Save Time
Undoubtedly, one of the main benefits of outsourcing recruitment is the amount of time your company can save. After the fee is set, completing the requirements, and verifying the processes, your business should not worry about anything else until the perfect candidate is found.
In an in-house recruitment process, the Human Resources department, in addition to its various tasks and assignments, must analyze the best channels to advertise the position and settle on which selection methods will be the most appropriate for the position that is needed. In addition to all this work, they must prepare the interview process, as well as the onboarding and subsequent training of the talent. So, is all this lengthy process really worth it?
Of course! At Talent2Win, we understand that when making such an important decision it is normal for companies to be as involved as they like. For this reason, we have a completely transparent process that allows you to participate as much as you want, while saving important time during all the process.
3. Access to the Best Available Technology
In an ever-changing world, it is no secret that the future of recruitment is found in technology. In some cases, this means more than a headache for a company if the right platforms are unknown or if they are even much more expensive than expected. We know that the digitization process for any company can be very frustrating and challenging, which is why outsourced recruitment covers this almost entirely.
At Talent2Win we not only have access to the most cutting-edge technology, but we know exactly how to use it for your company’s needs. In addition to absolutely taking the current crisis into account, we offer an absolutely remote service that not only dramatically reduces our office costs but increases the availability of our talent pipeline database to more than 500 million potential candidates.
Thanks to this, we take the search process to another level, leading to a considerable reduction of the hiring costs. Our clients not only will be as involved as they want in the process, but we assure they learn with us from all the improvements that technology can offer when making such an important decision.
With some of the best fees in the industry, why wait to bet on us to help you find your perfect match?
At Talent2Win, we strive to align your company’s business objectives with the best Talent Acquisition strategies available. If you want to learn more about the services we offer, do not hesitate to contact us.