Hiring the right person for the right job is the mantra by which a Human Resource Department functions in the organisation. The HR Department is the only division that deals with a myriad types of functions that dynamically change with the change in the other processes and functions of the organisation. It is one of the pillars of a company as it helps in acquiring the right talent and the right candidates for each position which ultimately makes the organisation what it is.
RPO Solutions is the latest buzzword in the industry and more and more recruiters and HR Managers are implementing these AI powered solutions for their recruitment and talent acquisition strategies. With the right recruitment strategy, it is possible to transform the complete business and make the entire organisation work in tandem with the goals and vision of the company, without which, the entire purpose and being of an organisation is questionable. Let’s learn a little bit more about RPO solutions and its importance in modern day businesses.
What is RPO?
RPO stands for Recruitment Process Outsourcing – a modern day solution for all kinds of recruitment and hiring related issues in companies and organisations today. RPO helps Hiring Managers and HR Managers to ensure that their companies’ hiring requirements and talent acquisition goals are achieved seamlessly and ensures that the candidates can be retained with a decent attrition rate within the company. RPO is a good way for smaller organisations who do not have a full fledged HR team to help with hiring requirements to easily skip the task of hiring a recruitment team and to outsource the complete process to the industry best leaders in hunting, vetting, selecting and hiring the best candidates in the industry.
With a good RPO solution, a company that has year round requirement of talent such as in the field of IT, healthcare, retail and many other dynamically changing organisation due to the various highs and lows in the economy, to ensure that there is always a good pool of candidates to choose from at any given point of time. One could imagine RPO as an enterprise grade solution that manages all the active and passive candidates for the various roles and requirements in a specific company – a system that is actively working towards hiring and acquiring these talents from the market as and when required and therefore cutting down on the time and lag between the requirements of employees overall.
Importance of RPO in Businesses
There are many businesses today who are scaling up and down dynamically based on the demands of the economy. The same is expected from the employees and the team size in an organisation. Sometimes there is a high demand for team members but at times companies need to downsize or due to attrition, may require to add more employees as and when needed. It is impossible to keep track of all the great candidates that are available in the market for the exclusive requirements of a specific company but with a dedicated RPO solutions provider, a company can have:
- Hiring and Talent acquisition support
- Add to team size on demand
- Dedicated look out for the right candidates at all times
- Tap into passive candidates for roles
- Cut down on the lag from requirement to fulfilment
- Be on top of the employee quality game