10 Reasons to Outsource your Recruitment Process

Outsourcing recruitment refers to the business process of handing over the responsibility of finding suitable candidates to a third party, usually a recruitment company, but can also be an individual. The recruitment process is the fundamental responsibility of an organization’s Human Resource department, and outsourcing it is a workforce decision taken collectively by the HR department and management to drive efficiency within the organization and make better utilization of workforce and resources. The outsource recruitment process of large and middle scale organizations usually involves partnerships with multiple external providers who are located in varied nations and cities. An organization having its presence in multiple countries would prefer to hire local talents and hence would outsource one or more recruitment companies in each geographical location.

10 benefits of outsourcing recruitment

1.      Acquiring better quality talents- An organization always looks forward to hiring permanent employees who will bring the best of skills and knowledge to the table. Hence outsourcing recruitment would ensure that they onboard the best ones from the diverse talent pool.

2.      Generates efficiency- outsourcing hiring process is a cost effective solution as the hiring organization does not have to invest time, labour and space for recruiting. They can simply have quality hire for a negotiable deal.

3.      Scalability – A successful hire is the one where the employee dedicatedly offers full time service for the longest time. The success rate of the hiring agency can be measured by clocking the time the agency takes to hire a candidate, the period of employment of the candidate, etc. For instance, if an organization is opening a new branch office, a renowned recruitment process outsourcing company can help to hire hundreds of permanent staff within days.

4.      Global compliance – Large scale organizations usually have standard criteria of knowledge and skillset for potential candidates. With employment laws getting amended across countries and states on a regular basis, it is important that candidates are hired in a compliant way. Difference in laws also requires difference in hiring approach. Hence, an organization can choose to bypass all the efforts and simply select an outsourcing hiring agency.

5.      Reduction in marketing costs- By appointing a third party organization for hiring, large and middle scale organization can save crores on advertising. Job ads on multiple mediums need expenditure- which can altogether be avoided.

6.      Savings of cost, time and resources- Opting for a outsource hiring agency can prove to be a cost effective way, as an organization can bypass time- consuming recruitment process, make better use of resources and infrastructure and hence save on overall costs

7.      Use latest technology- Deployment of advanced technology can lead to the hiring of the best talents. By outsourcing recruitment, an organization can reap the benefits of high-end recruitment automation technology adopted by third party hiring agencies.

8.      Enhanced candidate engagement – By delivering the right experience to candidates, a typical hiring agency attracts the right talents. By deploying tools for candidate engagement, the agencies use their expertise to optimize candidate experience.

9.      Better brand image of organization – The hiring agency also contributes to building a positive brand image for its clients, thereby generating value in the eyes of potential candidates. This, in turn, makes a candidate more eager to join the particular organization.

10.  Improved strategic insight – Automated recruitment outsourcing software also helps an organization in arriving at strategic decisions easily.

MYND’s recruitment outsourcing process- MYND Recruit makes use of cutting-edge technology to help organizations reach out to best-suited talents. MYND Recruit is AI-enabled software that simplifies - applicant tracking, unified job portal search, search through social media tools, multi-level evaluation of potential candidates, generation of detailed analytics and reports, vendor profile submission management, tracking of onboarding status, configuration of onboarding workflows, maintenance of onboarding database, management of onboarding tasks, generation of detailed metrics for recruitment, offering dashboard widgets for data visibility, and enabling auto-scheduling of reports via email/text.

A few benefits of its AI-enabled recruitment automation tools are–

-          This software suite leads to effective process management while enhancing visibility of each of the processes involved

-          Improved TAT and better workflow

-          Improvised service, support and training

-          Effective and transparent communication  

-          Improved stakeholder management

How to know if outsourcing the recruitment process is right for your organization or not-  

It has been observed by hiring specialists that the cost of outsourcing is lower than the cost of processes involved in other recruiting options. Quite often third party hirers apply strategies and advanced acquisition solutions to generate additional benefits for the client organization. Typically recruitment and outsourcing are for organizations that demand talents for their unique niche. In the talent acquisition marketplace, if an organization aims at fruitful recruitment while avoiding the trial and error method, then outsourcing the recruitment process is the best solution they have.