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- Human Resources
Budget-FriendlyAn attractive alternative for small businesses is to minimize their internal staff. Outsourcing recruitment is a cost-effective solution because it lessens the time-consuming and expensive process of recruitment. Instead of handling a whole department, small businesses can cut costs by outsourcing a recruitment team with off-shore or on-shore providers. Moreover, the most likely situation is that the outsourced recruitment team will work remotely. With that in mind, a small business will save resources by limiting the number of their internal employees, workspace, and equipment, and save costs by leasing a smaller area. From the points mentioned above, small businesses can save their money and time to focus on the main goals of the company. Furthermore, the savings incurred by outsourcing recruitment can give small businesses the flexibility to meet unforeseen challenges in the future.
Flexible Recruitment OptionsWe all know that the business environment is a continuously changing landscape. Wherein, current business needs will continue to directly affect the number of employees needed to meet the ongoing demand. With the scalability of an outsourced recruitment team, a small business may easily increase the number of outsourced recruiters when the business needs to hire more internal employees. Moreover, the ability to decrease the number of outsourced recruitment when there is no need to hire someone. The most popular term for outsourcing recruitment is Recruitment Process Outsourcing. To put it simply, RPO is a specific service offered by outsourcing companies. It is a service that offers bespoke solutions or packages for every client’s needs or requests. For example, a client can reach out to a full-service BPO company and provide all of the required information and qualifications for a candidate. Afterward, the BPO service provider will handle the entire recruitment process. After all of that is done, the newly hired candidate will be transferred to the client at an affordable rate. Types of Recruitment Process Outsourcing:
- Contingency Recruitment – Emphasis on faster recruitment thus sacrificing quality over quantity.
- Retained Recruitment – Emphasis on the quality and expertise of the person to be hired.
- Contained Recruitment – Combination of Contingency and Retainer Recruitment.
- Custom Recruitment – This is a customized placement fee prioritizing the number of positions that need to be filled and the available budget of the client is taken into consideration.