Talent Insider

Thursday, April 1, 2021

What Is Recruitment Process Outsourcing?

Valued at $5.48 billion in 2019, the Recruitment Process Outsourcing (RPO) Industry is expected to grow at a compound annual growth rate (CAGR) of 18.5% from 2020 to 2027. The reasons for this market growth is simple - RPO answers the need for an effective recruiting process while reducing overhead costs.

What Is RPO?

With this in mind, you may be asking “What is RPO?” Simply put, RPO is when a company outsources an entire sourcing, recruiting, and hiring need to the experts at recruitment process outsourcing companies like Orion Talent. This can be done for an entire company, division, or large project. With RPO, businesses are able to leverage the flexibility, scalability, technology, enhanced candidate experience, seamless compliance, and global reach of this recruiting model.

Watch our 2-minute video to learn about Recruitment Process Outsourcing (RPO)

To more fully answer the question “What is RPO?”, check out this two-minute video:

Is Recruitment Process Outsourcing (RPO) right for your organization?

This “What is RPO” infographic can help you learn more about an RPO solution and determine if it's a good option for your business.

You can also take this short interactive quiz that allows you to input your hiring goals and recruiting practices to identify whether RPO is right for you.

Why Use Orion Talent RPO Solutions?

As you can see, Recruitment Process Outsourcing (RPO) is an overall business strategy that helps you tackle time, productivity, and profitability obstacles. And Orion Talent is the award-winning RPO provider with which to partner. We offer consultative relationships and expert guidance, along with industry-leading technology. Our team will seamlessly integrate with yours to produce results.

Get started with Orion Talent RPO solutions today.

Four Tips for Hiring Middle Managers

The COVID-19 pandemic has changed the way we work and has exposed weaknesses in many current workplace practices. One of those is the way in which we hire middle managers. Jim Perdue, Director of Professional and Executive Search at Orion Talent, recently wrote about this particular issue for Recruiting Daily. “Middle managers ... have had it particularly tough during the pandemic...As a result, middle managers are either searching for new jobs or using the pandemic as an opportunity for promotion to leadership positions,” writes Jim.

In his article, he explores four ways in which hiring criteria for mid-level managers need to change:

1: Hiring profiles must start with strong leadership and communication skills. Below average mid-level managers are struggling even more today because they lack the leadership skills to effectively support remote teams.

2: Promoting from within can backfire. There is no guarantee these individuals have the creativity, flexibility and communication skills to lead − particularly during a crisis.

3: Candidates must demonstrate their ability to lead up and lead down. They must be able to simultaneously understand the “why” from above while making it reasonable and actionable for their teams.

4: Helping employees get to the next level is part of the job. Managers who feel threatened by advancing others are in no position to lead.

Instituting these “long-overdue changes” can help you hire great mid-level managers with the right mix of character and experience who can lead through the current public health crisis and beyond. Check out Jim’s full article here to learn more about his four tips.

5 Benefits of Outsourcing Talent Acquisition

Outsourcing Talent Acquisition is a smart business strategy with a multitude of benefits. Also known as Recruitment Process Outsourcing, this type of recruiting is when outside experts are engaged to manage a company’s recruiting function, from the people and process to the technology platform and strategy.

The goal is to boost hiring performance, especially in five areas - efficiency, consistency, risk, expertise, and time and money. Addressing these areas should positively impact productivity and profitability.

All of these RPO benefits came into play for this Orion Talent RPO customer, a provider of IT Infrastructure Solutions to Mid-Market Businesses. Their recruiting organization was decentralized with managers in each market responsible for hiring. After implementing a full suite of RPO solutions, our client:

 - Decreased Recruitment Cost Ratio (RCR) by 33%
 - Exceeded Time to Fill Goal by 9 Days
 - Decreased Recruitment Agency spend by $2.1M
 - Reduced Turnover from over 30% to 8%

Download the case study here to see how we accomplished these metrics. And read on to see how RPO can help your organization achieve the same success.

More Efficient Hiring Practices

When a company has various employees working on recruiting without an efficient hiring process in place, results are unpredictable. This is why an increasing number of companies are turning to outsourced recruiting to streamline this process from the inside out.

RPO teams become a part of an organization’s talent acquisition team. Talent outsourcing can promote your brand and provide a top-notch, coherent experience to candidates. Working within companies’ various environments and technology, RPO experts ensure hiring manager satisfaction and accountability for results.

RPO search can also ensure efficiency by leveraging technology platforms that optimize speed and engagement for candidates and hiring managers throughout the hiring process. These resource-saving processes often include:

 - Automated job posting distribution
 - Employment branding and marketing
 - Talent network creation
 - Machine learning and job matching
 - Rapid delivery of a high volume of candidates
 - Automated screening, sourcing, and pipelining
 - Self-service for interview scheduling
 - Assessments and testing
 - Automated engagement throughout the hiring cycle, improving the experience of both the candidates and hiring managers
 - Onboarding assistance, learning and development

Consistent Recruit-to-Hire Process

In uncertain times, predictability is a lifeline. A prime example can be found in this case study featuring a business software company experiencing a lack of consistency and stability in their recruitment process. As you will see, RPO from Orion Talent was able to stabilize their processes and create a full-cycle recruiting model they could consistently follow. Additionally, our RPO team’s experience enabled the company to successfully recruit for niche positions. Click here to download the full case study.

The goal of RPO is to provide tools & technology when needed while becoming an extension of a company’s team. This process-driven approach results in an average cycle time reduction of 15 days and over 90% hiring manager satisfaction rating with Orion Talent customers.

Less Risk

While it may seem intimidating or costly to outsource your recruiting functions to outside experts, the real risk is in relying solely on In-House Recruitment. Doing so can mean you can’t scale quick enough at a low enough cost-per-hire to make meaningful recruiting decisions.

This ability to scale means you can predict your costs based on the complexity of your needs as opposed to being financially obligated to a fixed cost all the time. You only pay for the resources you need at that time, whether it be an Enterprise partnership or short-term talent acquisition projects. You are also taking less of a chance on the candidates you hire, because, with RPO, you can be assured that your system works and produces top-quality employees.

Expertise

Having an experienced talent outsourcing partner is a best practice and integral to success. It is important to have a trusted partner you can rely on for insight and collaboration far beyond Talent acquisition. For an Outsourced recruiting firm like Orion Talent, our experience translates to expertise. Recruiters supporting outsourced solutions have built their careers around finding great talent.

RPO recruiters are in the trenches talking with candidates every day, which gives them the ability to understand the market. They can also work in a variety of industry and position verticals, saving you the need to train a recruiting team on specific job requirements.

This is also true when it comes to salary and benefits. For example, our OUtsourced Recruiting team was able to provide a customer with average salaries offered across five markets, enabling our client to be competitive in that area.

Experience is worth every penny. In addition to finding the best talent, outsourcing experts can shorten time to hire and invigorate your hiring process They can also educate you on the markets, competitors, and other data that will allow you to effectively compete for top talent.

Save Time and Money

RPO frees up time and resources, allowing companies to focus on other high priority initiatives. This is especially important when many businesses are experiencing budget decreases, leading to high time-to-fill, high turnover, and high cost-per-hire.

Time-to-Fill

Time-to-fill is the time it takes to fill a position from the job opening to an offer. When Time to Fill is high Hiring Managers are frustrated, employees are overworked and less productivity, and recruiting costs skyrocket.

Through proper alignment, efficient sourcing, a streamlined process, and a balanced workload, RPO can reduce your Time to Fill by 30%. You can learn more about the negative effects of high time-to-fill, and the improvements possible through RPO in this infographic.

Cost-per-Hire

The cost of recruiting top talent is more than just money. It also costs manpower and time and often comes at the expense of quality and onboarding/development programs. But it doesn’t have to.

By identifying your goals, generating metrics, building a pipeline and employer brand, proper sourcing, and reducing turnover (covered below) talent outsourcing through RPO can reduce cost-per-hire by 35%. Check out our infographic to learn how recruiting costs are negatively affecting your business.

You can also download your free Cost-Per-Hire Calculator spreadsheet to understand your total cost to hire.

Turnover

High turnover negatively impacts your organization in many ways. Recruiting costs, employee morale, productivity, training costs, and employer brand are all negatively affected when there is high turnover. In fact, organizational costs of employee turnover are estimated to be between 100 and 300% of the replaced employee’s salary. Recruitment Process Outsourcing can play an important role in battling this recruiting obstacle.

RPO through Orion Talent can uncover and address the reason behind your turnover. ON average, we have helped clients reduce turnover by 20%, which represents significant savings in recruiting costs. Check out this infographic to learn more about the negative effects of high turnover and how RPO can resolve them.

Get Started with RPO

Recently, a premier Orthotic and Prosthetic (O&P) Provider, engaged Orion Talent RPO services to address a decentralized, disjointed, and very expensive recruiting structure for corporate positions. They also needed to establish an employment brand within a highly competitive labor market. A full-scale Recruitment Process Outsourcing solution with all the benefits listed above was the answer.

Ultimately, our RPO strategy was able to:

 - Decrease Recruitment Agency spend by over $1.5M.
 - Decrease Time to Fill by 22% from 52 to 41 days.
 - Improve Hiring Manager Satisfaction from 85% to 92%.

Download the full case study here to learn more about this successful partnership.

RPO through Orion Talent can elevate a company’s recruiting department with innovative solutions that deliver proven business results. With an RPO Customer Retention Rate of 93%, Hiring Manager Satisfaction Rate of 91%, average reduction in time-to-fill of 15 days, and an average reduction in recruiting costs of 35%, leveraging RPO is a smart decision.

On-Demand Virtual Hiring Events Through Orion Talent

 
In addition to our scheduled industry- and region-specific virtual hiring events, we are excited to offer our clients the ability to customize an On-Demand Virtual Hiring Event. These events are catered to your scheduling, recruiting, and compliance needs, enabling you to overcome travel and social distancing restrictions, all while meeting your ongoing recruiting needs.
 
Orion Talent On-Demand Virtual Hiring Events serve nearly all industries and include benefits like:
 
 
With an Orion Talent On-Demand Virtual Hiring Event you can recruit skilled specialists and professionals for a wide range of permanent and contingent roles. All we need to know to get started is:
 
- What positions would you like to fill?
- How many candidates would you like to hire?
- When would you like to virtually interview Orion's candidates?
 
We take it from there and set you up with military talent ready to start a new career with your company. Before you know it, you have recruited top leaders and technicians, without having to leave your office, just like the environmental engineering firm below.
 
 
Whether you are looking to ramp up hiring for project based needs, are seeking a company-wide coordinated Military Talent Strategy, or need to fill just a few positions, Orion virtual interviews make it faster and easier to interview the right Military Talent. Contact us today, and put the industry's most committed, outcome-driven recruitment force to work for you today!

Join our LinkedIn Group - Talent Insider with Orion Talent

Have you joined our LinkedIn group, Talent Insider with Orion Talent? Talent Insider with Orion Talent is a group for all hiring managers, employers, and talent acquisition professionals interested in learning more about how to hire top talent. We are proud to offer access to employer resources, including thought leadership, hiring event notifications, podcasts, blog posts, news, other insights and advice, and more!

We also encourage you to share your expert insight, as well! Whether it be through RPO, Search, Military, Attraction & Sourcing, or Total Talent Solutions, this group will help you achieve the talent outcomes your business needs.

Join Talent Insider with Orion Talent

According to our Clients

Refer a Military Job Seeker or Client Company to Orion

If you would like the chance to win a $50 gift card, enter into our monthly drawings for Client referrals and Job Seeker referrals. If your referral results in a hire, you will personally receive a $100 gift card as our way of saying thank you. As always, we will maintain your privacy and never share your information nor that of your referral. That's one entry for each referral that you submit - good luck and thank you for the referral!

Wyneisha Thorn won the Job Seeker Referral monthly drawing
and is the winner of a $50 gift card.