Thursday, July 31, 2008

Recruitment Process Outsourcing

Companies consider outsourcing their recruiting because they are not always properly equipped to handle the entire recruiting process all the time. Recruitment Process Outsourcing companies claim that they will improve a company's time to hire, increase the quality of the candidate pool, reduce cost and improve compliance.

Economic cycles, business cycles, and the competitive landscape all affect an organizations hiring needs. Given the unpredictability of all these factors and the increasing speed which they change, organizations have a difficulty being properly equipped at all times. Ideally companies should be equipped for peak hiring, but that is costly and wasteful during non-peak times.

RPO can be an integral part of a strategic recruiting plan. Recruiting talent is the most essential function in a company. Recruiting, by definition, is how you get your top talent. In a talent based economy, there is nothing more important to most companies than their people. Recruit well, your company thrives; Recruit poorly, you'll lose to companies that recruit well.

The major components of the recruiting process are: defining the need, sourcing, screening, selection, negotiation and onboarding. RPO's want to take over part or all of this process. Lets dissect all the components.
Defining the need: a strategic part of the process, you're deciding what type of person and what specific skill set you need.
Sourcing: sourcing well is essential to having a candidate pool to screen through.
Screening: sorting through the candidate pool to quickly identify top candidates.
Selection: arguably the most important part, you are identifying the best match for your organization.
Onboarding: do this correctly and you save ramp up time and your candidate becomes acclimated and productive quickly.

Strategic parts of the hiring process should not be outsourced, they give your company the edge it needs to thrive. Outsourcing the tactical components, sourcing and screening, can help you invest time where you can leverage it best.

YourLeap, based in Stamford, CT has been successful in helping organizations invest time back in to the strategic part of recruiting while maximizing their sourcing efforts. YourLeap "Takes the Work Out of Recruiting" while giving you unprecedented access to all the major job boards and hundreds of minor ones. YourLeap industry experts then screen through all the responding results and sort them so you can spend your time where it pays off. Best of all with YourLeap, you need no lead time, resumes start flowing in within 48 hours and you are able to turn it on or off, based on your current demand.

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