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Three ways an RPO can reduce time-to-hire
There are many ways in which a Recruitment Process Outsourcing Solution or Permanent Workforce Solution can help your business including: reducing the time-to-hire or time-to-offer, decreasing the cost-per-hire and improving the quality-of-hire.
In this article we explore the three main benefits of using an RPO Solution to improve the time-to-offer.
1. More time & bandwidth to focus on strategic improvement initiatives
Well to begin with, as obvious as it may sound, the thing you really need to improve your time-to-offer is time itself! Few HR & Talent Acquisition professionals operating on their own have the time to dedicate to strategic improvement initiatives around talent acquisition, but with a permanent workforce solution, you will gain a dedicated, single provider who will be accountable for the delivery of talent. This will take the burden away from overstretched HR & TA teams whilst giving you much more control and efficiency than a multivendor environment.
With all of this extra time, you can focus on strategic initiatives to improve time-to-offer, or instruct your RPO partner to do so on your behalf.
2. In-depth data to identify the root causes of time-to-offer issues
Secondly, through the technology and bespoke reporting that a permanent workforce solution provides, you’ll be able to find out how long recruitment is taking you at click of a button, rather than by trawling through emails and spreadsheets as many still do. Not only that, but you could explore the complexities of your time-to-offer based on skills, stages of the process or locations, helping you address specific problem areas.
Getting this in-depth information about time-to-offer and the wider recruitment, approval and onboarding process could be crucial to identifying and solving talent acquisition issues and boosting your time-to-offer.
3. Support and consultancy from an experienced talent acquisition expert
Finally, getting better access to time-to-offer data is great, but with a permanent workforce solution, you would also have support in figuring out what to do with that information. The best partners will share consultancy and lessons learned from a wide range of customers in multiple industries, allowing you to apply best practice solutions aimed at improving your time-to-offer. For example, Gattaca advises our own customers around the latest in AI & talent acquisition technologies, process engineering, candidate attraction tactics and employer branding strategies, helping our clients improve their time-to-offer, as well as the overall experience of the recruitment process.
Ultimately, a permanent workforce solution will give you the tools and support to sustainably improve and maintain your time-to-offer so that your business is able to access the best talent before your competitors.
Do you want to review how good your current talent acquisition performance is? Why not take our free Talent Acquisition Health-Check to see how your business perfoms against the industry in terms of time-to-offer, cost-per-hire and quality-of-hire.
You can then benefit from downloading our 12 Key Pillars Of Talent Acquisition Guide that will help you improve some of these key metrics by developing your own talent acquisition strategy.