An age old way of sourcing candidates for the job starts with giving the call: “Vacancy advertisements” in newspapers, it has soon evolved in to job posting on specialized editions and later into online relevant job location portals. The system follows a familiar way: Invite applications, schedule interviews and select the best fit in the lot. This method has served its purpose for decades now and is almost on the verge of becoming obsolete. Of course there is no harm in employing this method but you certainly will not reach your recruitment goals of sourcing good candidates, if this is the only method you had to use for sourcing the right candidates.
It has been found that there are not more than 30% of applicants who are in an active pursuit of job; the remaining 70% of the club is the combination of folks who are not in an active pursuit i.e. employed people who are not in search of jobs and also the folks looking for better positions. So basically by resorting to this age old practice of job posting you are only targeting those 30% of active job seekers and are most probably missing out on the majority. It was also found that more than 45 % of the applicants who respond and apply to your job posting do tailor their resume to suit your needs i.e. they are under skilled.
Statistically speaking, 45% of 30% is not good by any means, isn’t it? The fact that everything we said above is under the assumption that your job posting is visible (which is usually not) to all of this 14% of active applicants must worry you too. You do not get hold of the best candidates here. Not only that your exposure is very low, there is not much in your hands except for waiting. Yes, there was a time when job posting was effective but that was when it was the only go to option for sourcing. Isn’t it wonderful if you can get access to all the best candidates where entire control lies in your hands regarding the qualifications you need?
Yes, you bet it is. The process is C.V Sourcing and you can find more about it here.
True that you have a well built a strong H.R team who are well versed with your company and also are well aware of your company needs. But a more fundamental level there is a small difference between knowing the problem and finding the solution to the problem. Especially in a market where the talented individuals are very hard to find, it’s rather a herculean task to find the right fit. Do you really think your H.R. team can manage this task all alone while simultaneously managing their other responsibilities? No, not really possible.
Scaling up your H.R team might seem like a worthwhile approach. But that doesn’t sound practical too. Most of your recruitment needs are short term and employing a permanent team to aid these short term needs doesn’t sound practical. Does it? It’s a twofold problem: You need an expert team to handle your specific recruitment needs and you want them dedicated to your company which is essential for better results. Here’s a simple solution to tackle this problem: Recruitment Process Outsourcing Services.
A Recruitment Process Outsourcing Service (RPO) is service where you outsource your recruitment process to an external service provider, a group of professional experts who dedicatedly work towards a common goal of finding the perfect fit for your company. Equipped with a huge network and all the advanced technical facilities, they have an unparallel access to everything that helps in doing their job in the best possible way in a short amount of time. They literally search entire world and make it possible for you to get access to the right talent. Being the Be it, the highly technical works like Sourcing data that calls for a dedicated personnel or high-profile works like “Executive Search‘’ that demands for a professional help, a RPO service provider saves both your time and money while delivering a seamless quality service.
The fact that RPO Services is estimated to grow by more than 50 percent is the next few years shows how welcoming the market proves to be. Going by this stat, its high time companies start to avail the RPO Services, because while you are just contemplating the benefits, your competitors might have gone ahead with flow to reap the rewards.