To outsource or not to outsource? That is the question. For many hiring managers and employers, the thought of outsourcing their entire recruiting function can be an intimidating one. And it’s no wonder. While there are many benefits, there are also potential pitfalls, both financially and legally. So how can you tell when it’s truly the right time to hire an RPO vendor for your organization? Before you make a move, consider these signs:
Sign #1: You need to contain costs.
Cutting and containing costs is more important than ever in today’s volatile economy. While the cost of your employees will always be a large part of your overhead, there are related areas in which you can cut back, such as advertising job postings, conducting background screenings, and investing in recruiting and applicant tracking software. When you work with an RPO vendor, all these expenses are rolled into one cost that’s oftentimes lower than what you pay if you performed recruiting-related tasks on your own. As a result, you can cut both your cost per hire and time to hire.
Sign #2: You need more time to focus on other priorities.
Recruiting activities have a way of taking up far more time than expected. Developing job descriptions, posting ads, and screening resumes are all incredibly laborious tasks. But when this process is outsourced to experts at an RPO company, you can find the people you need without being distracted from core business operations.
Sign #3: You need access to better talent.
Hiring mistakes are expensive – and yet finding the right people for the right positions can sometimes seem impossible. With an RPO company, however, you can benefit from the firm’s experienced recruitment specialists, robust network of quality active and passive candidates, and a more streamlined and effective recruiting process.
Sign #4: You’re dealing with high turnover.
Turnover is costly in terms of lost money as well as lost productivity and lowered morale. But when you hire higher quality employees from the start, you’ll experience less turnover and a more engaged staff. The recruiting specialists at an RPO vendor can give you access to the higher quality candidates you need – who are already meticulously vetted. So if turnover is putting a strain on your company’s bottom line, outsourcing your recruiting process could be the answer.
Sign #5: You’re experiencing rapid growth.
It’s hard to keep up with recruiting when your company is undergoing rapid growth, especially if it fluctuates. Seasonal spikes and bursts of growth can strain a company’s in-house HR staff to the max. But when an outside RPO company takes over the task, the staffing challenges presented by inconsistent or high-growth patterns can quickly be met through an expert recruiting staff, advanced technology, and proven processes.
Keep in mind, outsourcing recruiting doesn’t mean cutting your HR staff. It simply means giving them access to expertise and additional help to do their jobs better, focus on other key priorities, and have a positive impact on your company – and your bottom line.
If you’d like to learn more about choosing an RPO vendor that’s right for your organization, read our blog post about Why & How You Need to Develop a Strong Relationship With Your RPO, or give CSSvSource a call. As an experienced RPO vendor, we can take care of talent recruitment, vendor management, quality assurance, compliance, payroll and reporting. Contact us today to get started or learn more.