Gone are the days when building an all-star team in a firm was a cakewalk. There used to be a time when the power resided on the employer’s side only, and they always used to have the upper hand while hiring. Things have completely changed now. Now, the employer is struggling to find the right talent, and even if they do so, they have to work hard to attract the right talent.
You can take the example of the healthcare sector, where 92% of the respondents in a JP Morgan survey said they are concerned about hiring the right talent. The same goes for the engineering industry. According to a report by Stripe, 61% of the executives in the software company consider the challenges of hiring a severe threat to the business.
Well, many companies out there have stepped up to the plate and chosen RPO services to subdue the recruiting challenges. But then there are still many companies waiting for telltale signs to fathom whether they need RPO services, and this prolonged waiting leads to disaster.
Fluctuating hiring needs affecting your operation and hiring cost
In the current scenario, the need for talent keeps increasing. There can be a month when you need to fill multiple positions in a confined timeframe, and you only need to hire a single candidate for up to six to seven months.
This fluctuation can lead to several issues, forcing companies to spend more on hiring. For example, through reactive hiring, the retention rates and quality of hiring can reduce, especially when companies choose something other than offshore recruitment process outsourcing.
With the help of an RPO company, any firm can stop the cycle of overspending on hiring. Such a company can offer the required flexibility to keep changing the hiring needs as per the situation instead of just revamping the entire HR team to hire for a single month. You can consider the recent example of the pandemic when the hiring needs fluctuated like never before.
Losing resources and time
You can succeed at talent acquisition with insights into the local market and industry-specific knowledge. Then, those hard-to-fill roles make the life of HR professionals more challenging.
Also, suppose your employer brand appears non-existent, unpolished, or outdated. In that case, there is no way it can attract potential candidates, and in such a case, choosing offshore recruitment process outsourcing is the only option left. Only the combination of market insights, knowledge of how to improve employer brand, and campaigns from RPO companies can help you solve this issue.
Without proper training, guidance, and one-to-one attention, even the best hires can lose interest in the job. However, many companies need to pay more attention to the importance of onboarding, which is why they fail even after successful hiring.
Lack of insights
To stay competitive in a candidate-led market, you must work on your recruitment strategy rather than relying on traditional methods. Regular analysis of the market, time to hire, competition, and quality of hire is necessary to revamp the recruitment process, which most companies need to improve.
Only an RPO healthcare can help you to gain insights about the recruitment process so that you can easily make and review strategic hiring decisions. With the help of an RPO firm, you can easily complete and implement critical assessments and bring expertise and insights into your recruitment data without much hassle. Based on your needs, the insights offered by the RPO healthcare service provider can help you make better strategic decisions.
This is another main reason why so many businesses are nowadays flocking to healthcare RPO services without second thoughts. This flocking of companies is expected to only increase over time.
The HR team needs to focus on other projects
Streamlining the HR process and conducting effective recruitment takes time and effort. All hiring managers need to quickly attract, identify, engage, and connect with the top candidates if they want to hire them before any other company does. But a business with a small HR team can need help as they wear many hats at once.
This mostly leads to rushed hiring, and the job positions must be filled with the right candidate. Healthcare RPO services help businesses and the HR team to focus on other projects while they take care of the entire recruitment process. An RPO company can take care of everything from screening candidates to onboarding.
There are many scenarios when businesses need more skill, talent, and other resources to streamline their hiring process. In such cases, working with an RPO company is the best solution. But there are better approaches than just working with any RPO service provider.
You should spend some time screening different RPO service providers, and then based on your needs and requirements; you should search for the best RPO agency.