September 7, 2017 | Written by: David Whittingham-Jones
Categorized: Talent Acquisition
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What is your organization’s biggest annual expenditure? If your company is like most others, your largest cost is talent. And when the wrong talent is hired, the cost to find a replacement is doubled. That’s not a winning business model. So it’s understandable that when you outsource your talent acquisition program, you expect your recruitment process outsourcing (RPO) partner to:
- Reduce costs
- Deliver more efficient processes
- Help grow your company
RPO is a way to fill open positions more quickly and at a lower cost. In fact, past RPO clients of IBM Talent Acquisition Optimization have achieved:
- 35% decrease in time to fill
- 20% decrease in cost per hire
- 22% decrease in turnover rate
In addition to delivering these and other measurable outcomes, a well-designed RPO program supports your company’s most critical business objectives.
Any RPO provider that is worth your partnership must begin the relationship by discovering and understanding two fundamental facts about your organization:
- The business outcomes you want to attain
- Your short-term and long-term strategic initiatives
With this knowledge, the RPO partner can design and deliver a recruitment strategy and hiring processes to achieve your desired outcomes.
Besides delivering improved recruiting metrics, your RPO partner supports your high-level strategies by freeing your HR and talent acquisition teams from the time- and labor-intensive activities of recruitment. Also, your internal teams don’t have to be experts on the newest digital recruiting technologies or know how to integrate disparate systems — your RPO partner can do that for you.
Instead, your teams can concentrate on the intrinsic value they bring to your company:
To learn more about the consulting, recruiting and employment branding solutions and results that IBM Talent Acquisition Optimization delivers, download our Offerings & Outcomes infographic.