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GlobalHunt India asked:


The word outsourcing can be easily misinterpreted with off shoring.. It is always advisable to shift clients account to an overseas location after the completion of a certain number of recruiting cycles. If it is initiated in the best manner then it can save time and can improve productivity many folds, but at the same time a goof up might lead to a disaster culminating even into the loss of business.

Sunil Goel, GLOBALHUNT says “Recruitment Process Outsourcing is when a provider acts as a company’s internal recruitment function for a portion or all of its jobs. RPO providers manage the entire recruiting/hiring process from job profiling through the on-boarding of the new hire, including staff, technology, method and reporting”.

A clear demarcation between RPO and other types of staffing is Process. In RPO the service provider is the fulcrum of the process, while in other types of staffing the same is part of a process controlled by the organization buying their services.

Based on GlobalHunt’s experience towards RPO as a practice, there are a number of advantages of RPO.

Advantage RPO:

1.Top notch Talent Pool

Competition for the most talented individuals is increasing. Organizations need to secure the best people quickly and efficiently to help them build competitive capability.

2.Cost reduction and removal of workload from the HR Administration

RPO providers take on the burden of operational recruitment activities, allowing organizations to focus on core value-creating and strategic activities. By transforming processes, utilizing best practice, and replacing a fixed cost base with a variable charging structure, RPO can significantly reduce the cost of recruitment. In regular staffing, you invest in salary, incentives, overheads, infrastructure cost and more. By outsourcing recruiting functions to Recruiting Junction, all you need to pay is a fixed monthly retainer fees (which is lesser than the salary of one in-house recruiter) along with a negligible commission. You can reduce up to 50% of your cost by offshore outsourcing.

3.Better Productivity and Quality

There are many stakeholders in a recruitment process; through improving processes and evaluating the right metrics and KPIs, RPO providers can provide highest quality services. By outsourcing your recruitment process to Recruiting Junction you get dedicated recruiters for each client, while in regular staffing, one recruiter handles many clients. In regular staffing the focus is lost, as recruiters serve bigger clients better. Our recruiter can provide undivided attention to your all your clients – big or small.

4.Reduce operational risks

Risks come in many forms, and the expert knowledge of an RPO specialist can help organizations reduce the risks associated with an inability to scale their business operationally to meet changing demand, and the risks of non-compliance to legislative and regulatory change .

GlobalHunt’s Service Overview: A total RPO process with its four pillars

Sunil Goel, GLOBALHUNT says “A properly managed RPO will improve a company’s time to hire, increase the quality of the candidate pool, provide verifiable metrics, reduce cost and improve governmental compliance”.

Recruitment Process Outsourcing (RPO) is not new. How you should approach it is! Companies have been outsourcing segments of their recruiting process for years. It is second nature to outsource your background checking and drug testing. Your recruitment process has many tasks or otherwise transactional based activities that can be completed outside the organization, increasing efficiencies through economies of scale.



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10x Marketing asked:


A large percentage of small and medium sized businesses outsource their payroll to a payroll service and it’s no wonder why.

 

Obvious Reasons Businesses Invest in Outsourcing Payroll



Having Less Employees- having payroll in-house means more employees to pay, give insurance to and find space for

Office expense of extra paper, stamps, envelopes, computers, etc.

Time- running your business is hard enough, let alone the time it takes to organize payroll and make sure it’s accurate, taxes and dealing with vacations, benefits and schedules.



 

Other Reasons Businesses are Taking Advantage of Outsourcing Payroll



Legality- a business can outsource all of the human resource related issues to another company, including legal responsibilities and other administrative responsibilities like worker’s comp which allows more time for a small business to do what they do best- run their business.

Outsourced payroll services are offering more than small businesses expect such as 401k and excellent benefit packages.

Outsourced payroll services absorb the liability risk if there should be a payroll mistake.

Having a payroll service file business taxes and IRS reports can not only save time but eliminate costly penalties by errors done by a small business.

Several time and money saving reasons including cost of payroll software, training and all the time researching tax and necessary IRS information can dwindle away countless hours that could have been productively spent on creating a profit while you focused on your own business- not the human resource details.



 

Most small businesses who invest in outsourcing payroll enjoy the option of providing better benefits to their employees verses the benefits they would have been able to provide- if any at all. Outsourced payroll services deal with hundreds if not thousands of businesses so they are able to give great rates on 401k plans, health, dental and vision benefits because of their size. Also, businesses save money by outsourcing instead of thinking they would save money by doing it in-house. Businesses also use the time they would have spent on processing payroll on creating more of a profit because they are using their time to focus on their business and make money, not watching it slip through their fingers on expensive computers and payroll software.



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