The importance of hiring the right talent for different roles in an organization couldn’t be overstated. It’s safe to say it is the single most important factor that determines the success of any company. That being the case, stakeholders are understandably edgy when it comes to recruitment. Should they hire in-house or outsource recruitment to a third party? Will doing the latter affect the quality of the recruits? After all, by recruiting in-house, you can be sure that you vet every candidate according to the criteria you have set. Is that possible with third-party recruitment? Also, what about scalability? The questions are many. And on the face of them, they certainly look valid. But the simple fact is that outsourcing the recruitment process brings benefits you simply cannot expect from in-house recruitment. Below, we look at them in detail.
Advantages of recruitment process outsourcing
Faster hiring
In a dynamic workplace, the need to fill roles is often urgent. Thankfully, RPO(Recruitment Process Outsourcing) firms have talent pools they can readily access at short notice. Moreover, only some candidates in these talent pools are pre-vetted, which further shortens the shortlisting process. The quick turnaround this enables is a great reason for outsourcing the recruitment process.
Frees up your time
The best RPO firms provide end-to-end services. Meaning, that once you provide your requirements, everything from creating a long list of candidates to conducting the initial round of interviews would be done by them. This frees up the valuable time of your Human Resources team which could be spent on more important tasks.
Easily scalable
The idea of ready-to-access talent pools mentioned before also makes the outsourcing recruitment process the right strategy to scale your team size. Adding new members with the right talent becomes easier. Also, you can have the flexibility of hiring for both short and long-term projects. The possibility of contractual employment ensures the team size can be adjusted periodically according to the project requirements without hassle.
Fewer overheads
Certain outsourced recruitment firms like Honeyhive not only help you get the right candidates, but they also enable you to enjoy the services of candidates without having them on your payroll. This means significantly less overheads for you. You also have the provision to either have the candidates working from your premises or remotely. If you choose the latter, it reduces the costs involved even more. On request, you are also provided with an experienced liaison who functions as a single point of contact for a team of candidates. This relieves you from hiring a Manager for the team while at the same time making it easy to manage it.
Lesser cost of hiring
As you probably know, recruitment is a time-consuming and resource-intensive process. In typical in-house recruitment scenarios, there is no guarantee you can fill the necessary roles in a given timeframe. If the process takes longer, the cost gets even higher. Outsourcing the recruitment process offers a more economical alternative. As suggested before recruitment firms often have wider talent pools than individual companies, making it easier and faster to find talent. While hiring a large number of candidates in a go, or recruiting several candidates over a long duration, engaging such a company lowers the cost of hiring.
As you have seen, outsourcing the recruitment process has plenty of advantages over hiring in-house. The possible exception is when you have no specific deadline to fill a role and your HR employees are free to pursue this one task to the exclusion of everything else for a considerable duration. But that scenario is probably as utopian as it sounds. So, for your next recruitment, don’t hesitate to outsource the process.
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