The talent market is shrinking as the demand for specialized skills is growing. As a result, Outsourced Recruitment Services (ORS) also referred to as RPO traditionally is bridging the gap by helping to recruit and train the right candidates to help recruitment agencies fill new positions quickly. Outsourcing helps save time, effort, and costs incurred by organizations while recruiting suitable candidates for new positions within the workplace.
ORS helps to keep the production and work output running since there are ready candidates to replace those who quit without any indications or serving a notice period. It also helps to cut down the training time as candidates can get straight to work since the recruiter has already handled the training.
HOW ORS IS A BENEFICIAL INTEGRATED RECRUITMENT SOLUTION FOR A RECRUITMENT AGENCY.
The type of talent a company hires determines the work output and the quality of such results. By focussing on the talented and the most skilled candidates, ORS helps Recruitment Agencies to weed out unsuitable applicants and only supply the perfect workforce to the organizations.
By identifying and recruiting the right people for the right job, ORS companies will always help create a talent pool fit for recruitment agencies and their end clients. Let’s take a look at a few key areas in which ORS can be a crucial support engine for Recruitment Agencies:
INCREASED GROSS MARGIN
Besides providing services, the primary goal of a recruitment business is to maximize its gross margin. By recruiting the right candidates and maintaining a strong talent pipeline for their end clients, a recruitment business can create enduring partnerships and trust, which can ultimately open doors to new opportunities with their end clients.
SCALABILITY AND FLEXIBILITY
Outsourcing the recruitment process offers you the flexibility of scaling up or down on recruitment based on the market needs. For instance, you can carry out large-scale recruitment when in need of more employees or tone it down when you only need a few. This factor has been quite popular amongst staffing agencies across the globe, especially with the winds of bear and bullish market trends that the last few years have revealed. However, only an established Outsourced partner with a large team size can support with scalability and flexibility.
Thus, as the recruitment companies are free from the sudden process of recruiting a new in-house team and the entire process of training them, they save on time, money, and space, especially during uncertain business times.
Organizations that outsource recruitment have recorded improved productivity and revenue while lowering overheads.
CLIENT RELATION BUILDING
Is lack of visibility in terms of relation-building or business development exercises with clients an irregular affair for your staffing/recruitment agency? By taking on the recruitment responsibilities, the outsourced team frees up the in-house team allowing them to focus and handle other tasks like reaching out to new clients. This also provides a scope for improving the relations with the existing client, which may lead to the regular flow of business as well as new opportunities with them.
REDUCED EXPENSES & TIME
Recruiting and training new prospects is resource-intensive, something modern recruitment businesses have realized over a period of time. However, ORS companies handle the scouting, vetting, interviewing, shortlisting, and training of new candidates. This way, a business will receive ready-made talent that can fit right into the vacant position on its behalf. The business would also be spared from recruitment and training expenses, not to mention the time to take someone from a candidate to an actual employee.
An in-house recruitment team demands more staff members that would require working offices. A business would incur infrastructural expenses to set up, run, and manage these offices. However, outsourcing recruitment would help reduce infrastructure costs that can be reinvested in production, hiring for other positions, marketing, or researching the new market.
Getting hands on new sectors can be challenging. Either there might be a struggle with the current talent pool, which is unable to cope-up with the new market, as they might be specialized in certain sector/s, or there might have to be a set-up of an entirely new infrastructure and team to expand. Outsourcing the same can be a game-changer in this situation by reaping the benefits of the new market without sowing in much time, effort, and cost.
The outsourced team will always look for talents in different markets in an attempt to curb talent demand. At the same time, the in-house team can learn more about the market by studying the information collected by the outsourced team. The information also helps the company understand the talent market segment and find ways that it can blend into its workforce.
The diversity of the outsourced team when searching for new talents also paves the way for foreign market segments. Diverse foreign talent can benefit the company by offering a multi-talented workforce that requires little to no training to blend in with the current workforce. The outsourced team keeps a database of such talent, which comes in handy when a company is planning to expand into foreign market segments.
Finding the right candidate for a position is challenging, but ORS makes it easy due to their extensive internal and external connections to talent markets. They also go a step further by researching overseas employment markets and providing valuable insights into such talents to potential employers.
Additionally, legal procedures vary in different countries, and it is easy to get in trouble when trying to recruit in different countries. ORS companies help to navigate the foreign legal channels by ensuring total compliance with the laws, which helps speed up expansion plans. They will inform on issues like employee taxation, contracts, and any legal procedures you might need to know about a specific talent market
Trust is crucial to any work-related relationship, and it takes time to forge a lasting employer-employee connection. The right resource can be trusted to discharge their duties amicably due to their extensive experience in their field of work. An ORS company vets hundreds of candidates by comparing their achievements in similar roles and overall attitudes.
After years of talent recruitment, it is evident that ORS companies have perfected the process, and can easily navigate the legal procedures to ensure recruitment is done the right way.
By pairing the right candidate with a rewarding position, expect only improved productivity and quality service of the finest level, which helps to enhance goodwill. Such results are made possible by years of recruiting in different market segments, and the ability to notice talent when it comes across.
Recruitment outsourcing services have helped cut down the time, effort, and cost recruitment companies have to go through when sourcing new talents. Besides finding the right talent, they also handle screening and vetting, ensuring a business receives ready-made talent that will fit into the existing workforce. At IMS People Possible, we believe that productivity can be enhanced by connecting talented people with the right work positions.
With years of experience in recruiting talents across domains and geographies, and highly experienced teams of recruiters and leadership count on IMS People Possible to get you the right workforce to execute for you. We also aid recruitment businesses to expand into new territories, which helps to grow their market share keeping the overheads contained at the same time. Get in touch with us at email@example.com to know more.