What is RPO?
RPO involves outsourcing some or all of your recruitment efforts to a third-party provider. It entails hiring a company to manage recruitment tasks on behalf of your organization, handling everything from sourcing to onboarding. RPO providers function as an extension of your team, charging either a flat monthly fee or tiered per job fee, and seamlessly integrating with your operations. RPOs will differ by the services they offer. Some will provide a white-glove service (like Mindfield), providing ongoing support and training to your hiring managers.
The benefits of RPO
We discussed the benefits of RPO in a related blog here. In short, RPO offers several benefits such as significant cost-savings and time. With RPOs pre-vetting candidates, there’s a higher probability of them being well-qualified and ready to contribute from day one. Hiring teams can skip the headaches from extensive screening, interviewing, and post-hiring training. With RPOs like Mindfield, you’ll also get access to a best-in-class recruitment tech stack that will help find high-quality hires quicker (all without additional costs).
Why RPOs are increasingly popular
With increasing layoffs across all industries, RPOs have become a safe way for talent acquisition leaders to recruit, hire, and train quality candidates cost-effectively. This is especially true in hourly and high-volume recruitment as teams need more help throughout the entire recruitment process to meet hiring needs. Combined with a worker shortage, RPOs have become a game-changer for small start-ups to established organizations. Employers can augment their recruitment teams and save on salaries, benefits, and overhead costs.
With Mindfield, employers have access to 4 million job-seekers. This means whether you need 5 experienced professionals or 700 hourly workers; our recruiters can help you find consistent, high-quality hires.
Key Considerations for Selecting an RPO Provider
Industry Know-How & Tech Stack: Make sure the RPO provider knows the ins and outs of your industry. They should understand what makes your business tick and be able to offer solutions that fit your needs. And on their tech, what tools do they use to source and screen candidates? Will you have real-time transparency in the hiring process? Mindfield customers have access to a hiring dashboard that integrates with their HRIS. This allows hiring managers to easily receive applications and see results.
What Others Say: Take a peek at what other companies have to say about the RPO provider. Hearing from past clients can give you a good idea of how well they perform and whether they’re a good match for what you’re looking for.
Methodology: See how the RPO provider plans to integrate with your team. Do you have a dedicated manager? What is their implementation process? How do they plan to build relationships with your hiring managers? What tools do they provide? Most RPOs will offer an initial training program. For example, at Mindfield, we provide a white-glove service to streamline the entire hiring process for your hiring managers.
- Success Metrics: Who are their current customers? What’s their time-to-hire, cost-per-hire, quality of hires, and recruitment spend? You should see a decrease in employee turnover over time.
When can RPO can be a game-changer for your team?
- For medium-sized businesses: If your recruitment budget is expected to reduce or stagnate, RPOs can be a cost-effective game-changer for your hiring managers as RPOs can help you reduce recruitment costs by 30% to 60%. Hire a RPO to augment your existing team and streamline the entire recruitment process with qualified candidates. This works whether you need candidates in specialized experience or high-volume candidates.
- For enterprise-sized businesses: If your business is feeling pressure to grow and see profits, RPOs can also be a cost-effective way to streamline your hiring process at scale, as RPOs can scale up or down. If you have at least 50 open jobs, RPOs can ensure consistent, high quality candidates throughout the entire year.
Conclusion
In summary, this should give you a good overview of what RPO is, how they can help, and why RPOs are poised to help medium-sized businesses and enterprise businesses grow long-term. If you’re still wondering if RPO can be a viable option for your business, reach out to me on LinkedIn.
About Cameron Laker and Mindfield:
Mindfield is a pioneering force in Hourly Employee Recruitment, providing tailored solutions for businesses to easily attract and hire high-quality hourly workers. With deep industry expertise and cutting-edge technology, we make the hiring process simpler, more efficient, and more effective for HR and Hiring Managers.
Connect with Co-Founder Cameron Laker on Linkedin for quick tips and how-to’s or sign up to The Hourly Minute for more in-depth discussion.
