8 Reasons to Outsource Talent Acquisition
This article was originally published on Remotebase blog.
Are you planning to expand your developer team? Have you planned out the next steps to look for the best candidate? Well, till now you must have realized that it isn’t that simple. The HR departments of most organizations are overburdened with responsibilities. In fact, the biggest challenge that HR managers face is to manage a wide range of tasks in a limited span of time. This especially becomes difficult when it comes to hiring as they may not have the required expertise or resources to conduct an efficient recruitment process. Under such circumstances, the best solution is to outsource talent acquisition.
Talent Acquisition outsourcing is gaining popularity among many companies across the globe. The reason is simple! It is highly beneficial. Don’t believe us? Let’s have a look at each of those benefits and decide for yourself!
Here’s why you should outsource talent acquisition
Find Better Candidates
You can also improve the quality of your hires by outsourcing your talent acquisition. While this may seem counterintuitive at first, it’s true! The agency has access to a large pool of candidates and uses proven hiring techniques that are tailored specifically for your company needs. You can hire expert developers from across the globe without even stepping out of your office.
Not only that, the agency also has access to the latest technology, tools, and research on how to attract top talent. This makes them better able than you would be as an in-house recruiter because they have access to all of these resources with one click of a button rather than having to go out and search for them yourself.
Save Time And Money
The biggest benefit of outsourcing talent acquisition is that it is a cost-effective way to source talent. For example, you can leverage the expertise of an outsourced recruiting firm to reduce time-to-hire and agency fees, which means you’ll save money in your hiring efforts. Additionally, using an outsourced recruiting firm will allow your internal resources to focus on other important initiatives — like improving employee retention or employee satisfaction — instead of sourcing new hires for open positions.
One of the biggest benefits of outsourcing talent acquisition to a RPO vendor is that it can reduce cost per hire for your company. How does this work? Reducing time-to-hire reduces cost per hire for companies because, as we know, time is money. For example, if a company spends $100 on advertising and hires one candidate from their ad campaign, that’s a total cost of $100 — or $100/1.
But if they spend $50 on advertising and hire two candidates from their ad campaign? Their total cost is now only $50 — a reduction in spend by 50 percent! That’s significant savings right there.
By outsourcing your recruitment requirements to a professional agency, you will be able to focus on your core business activities. This means that you can save time, effort and money which then can be invested towards other important business aspects like organizational development, employee relations, and benefits administration amongst others.
More Efficient Hiring Practices
A recruitment process is complicated and requires great attention to detail. It is important to have a recruiter who has expertise in this area, so that you know that you are getting the best talent available.
A recruitment agency helps make your hiring process more efficient by utilizing the latest technology platforms and providing a wide range of services such as job posting, screening resumes, creating a talent network, testing and interviewing candidates and making final recommendations based on their qualifications.
They also help you build a strong candidate pool by matching it with your needs as well as keeping track of all applicants’ information such as education background and work history so that they can be easily contacted again if needed later on down the line when another opening arises within your company structure.
Consistent Recruit-to-hire Process
Having a consistent recruitment process is empirical for the growth of your company. It is the only way you can truly get the best candidates. An outsourced talent acquisition partner is an expert in doing so because this is what they do all the time. They can help you attract a great amount of talent, thoroughly evaluate their knowledge and skills while making sure they are a perfect fit for not only the job but for your organization.
An RPO team brings consistency in the hiring process in the following ways:
- Automated resumes shortlisting
- Initial screening
- Skill testing
- Technical interviews
- Cultural checks
Lower turnover rate
An inconsistent and inefficient hiring process produces nothing good. According to Harvard Business Review, bad hiring decisions result in 80% of employee turnover . If you have loopholes in your hiring process, they will eventually be exposed. So even if you are able to hire candidates, you won’t be able to match their expectations. As a result, they will leave your organization, increasing your turnover rate.
Increased productivity of the HR department
Another reason you should consider outsourcing talent acquisition is that it increases the productivity of your HR department. By outsourcing all or part of your talent acquisition process, you free up valuable time for your HR team to focus on more important tasks.
They know it all
Your HR department doesn’t have the expertise to judge candidates specifically based on their fields and that’s understandable. But an outsourcing agency has experts from all the fields to carefully evaluate the skills of each hiring candidate. E.g Remotebase has a team of technical experts with proven industry expertise to rigorously examine each candidate’s coding skills. We evaluate global talent on a regular basis, which enables us to understand the market, current job trends and most importantly it helps us understand the needs of candidates that can help you attract the best talent.
Less Risk
All of the above mentioned reasons make outsourcing talent acquisition a way safer option to get the best developer talent for your organization that will stay with you in the long run.
Get Started with Remotebase
Remotebase is your ultimate talent acquisition solution. We help you get your hands on the top 1% of global developer talent without going through the hiring hassle, making your recruiting process truly seamless. From shortlisting resumes, conducting screening interviews to taking technical assessments and interviews, we ensure to miss nothing in finding you your ideal developer.
This is how Remotebase benefit you!
- Save hiring time and cost: We are making your hiring process hassle-free, eliminating the wastage of time and money in finding the most suitable developer.
- Choose from a global talent pool: We hire developers from around the world, choosing only the best ones. Thus, offering you a variety of developer talent to work with.
- A diverse range of programming skills: Each of our developers is an expert in at least one programming language, including Python, Go, JavaScript, React, Node, Java, C, C++, Swift, R, Ruby, Perl, Kotlin, and many more. They possess exceptional skills and experience in tackling complex projects with ease.
- 100% vetted developers: Our hiring process is very rigorous. All our developers pass through various tests and interviews before they are hired to work with our prestigious clients.
- Regular training of developers: We provide various opportunities to our developers to upskill their talents, such as mentorship from FAANG engineers and various boot camps.
- 2-weeks no-risk trial: We offer a risk-free, 2 weeks trial. If you are not impressed with the work of our developers within 2 weeks, you don’t have to pay us anything.
Want to know more? Have a look at these FAQs
Frequently Asked Questions
What is the talent acquisition process?
Talent Acquisition is the process of identifying, attracting, selecting, and retaining highly qualified individuals
Why do businesses outsource recruitment?
It allows the business to easily respond to market factors or changes in business direction by quickly ramping up to hire more people or reducing capacity if there is no recruitment.
Which is better BPO or RPO?
RPO gives you the talent you need to grow your global presence, while BPO gives you the peace of mind to focus on your core business functions. Both are key components to a successful business.
Why is outsourcing necessary?
Benefits of outsourcing include lower labor costs, less strict regulations, flexibility, reduced overhead, and the ability for the home office to focus on what it does best while letting others do the more low-level work. Ideally, outsourcing will lead to lower expenses, increases in productivity, and greater profits.
What are 3 disadvantages of recruiting internally?
The disadvantages of hiring internally are:
- Negative impact on other employees, particularly those who applied for the role and weren’t successful.
- Limited talent pool
- Bias concerns
