A COMPREHENSIVE GUIDE TO RPO WORKING AND ITS DIFFERENT MODELS

RPO is the long-term partnership of ownership of all or some parts of an employer’s recruitment hassles to a third-party specialist. This business model basically allows the organizations to focus on their core competencies and meet fluctuations so that they can meet hiring demands without enhancing budgets to pay in-house recruiters or recruitment agencies. In this blog, we are going to answer the reader's common query “How Do RPO Companies Work?”

What is the meaning of Recruitment Process Outsourcing (RPO)?

An RPO provider acts as an in-house recruiter for a business, providing the efficiency required to skyrocket your recruitment outcomes keeping in mind the quality and your overall budget. 

How Do RPO Companies Work?

A comprehensive RPO partnership generally offers daily support and strategic guidance for the whole recruitment process right from finding the right talent to onboarding support. These services are typically backed by Applicant Tracking System (ATS). All the recruited and shortlisted candidates are for a particular client and it is not shared with anyone. 

This must have answered your query “How do RPO Companies work?” But we are not done here!

Perks of Recruitment Process Outsourcing 

At any point in time, but especially during a rapid change like COVID-19. RPO can help employers improve overall productivity. The other benefits of RPO include: 

• Scalable Solutions: RPO is a business model that runs on a scalable and flexible solution where the business has to pay only what they need and when they need it. 
• Less Time and Cost to Hire- RPO providers strictly follow the deadlines to meet recruitment needs. Furthermore, RPO is an investment not an expense; it offers a minimum of 30% reduction in cost-to-hire. 
• Quality of Hire: RPO Providers design and follow strategies ensuring that the hiring would be of those people who meet organizational needs, not just on paper but also practically as well. 
• Analytics and Reporting- RPO providers analyze the whole process and make sure they are well familiar with the drawbacks which result in effective decision-making. 

What are the Common RPO Models?

RPO is something that fits into every organization's model. But it has various models, and here are some for your better understanding. 

• On-demand Model- In this very model, the company has an immediate hiring need. With the back of RPO providers, you have the desired team to overcome all your desired recruitment needs for instant hiring requirements. RPO can help you save a lot of money and time and not only you can focus on other priority work. 
• Function-based Model- The company that opts for this model outsources the hiring of a particular division or department or a particular RPO Provider. 
• Full RPO- This model is somewhere different, wherein the company outsources all the hiring strategies processes, and decisions to the RPO provider. Here the RPO partner acts as an extended part of your current team.  Read More