8 Benefits of Using RPO For Your Small Business

Over 9 in 10 businesses in Australia are small businesses. These account for 33% of Australia’s GDP, making them an essential part of the nation’s economy. So, ensuring these businesses continue to thrive should be a priority. Anyone with a small business knows that recruitment is one of the biggest challenges, due to factors like budget constraints and less access to talent. RPO is often regarded as a solution solely for larger organisations. However, RPO caters to businesses of every size, being fully scalable and providing a customised experience throughout.

Here’s why RPO is the right solution for your small business.

1. Scalability

With a smaller business, it can be challenging to predict your hiring needs. After the events of 2020, it’s clear that flexibility will be essential in the future of work. RPO offers scalable solutions, so you can get access to top candidates quickly during a hiring surge or scale down in slower times. In comparison to an internal recruiting team, who receive a salary no matter how well the business is doing, being able to adapt using an RPO strategy as you grow or shrink is a major advantage.

2. Reduced time-to-fill

Recruiting is time consuming, and the longer a process takes, the more likely it is that something will go wrong. While your organisation spends time crafting job posts, sourcing talent and setting up interviews, you lose out on great candidates who head to the competition. RPO providers not only have processes ready to go, they also already have a wide talent pool of candidates to select from. You can start recruiting quickly and get top talent when you need it.

3. Access to advanced tools

Small businesses can of course use recruitment tools themselves. However, as RPO providers are usually larger organisations, they have greater access to – and a bigger budget for – better tools than small businesses do. Rather than over-spending on the same tech an RPO provider is using, you can save money because costs for tools are spread among the provider’s clients. Some RPO providers also offer tools they have developed themselves, allowing for a tailored solution to meet your exact hiring needs.

4. Established processes

Building an effective recruitment process from start to finish requires expertise and consistency. From candidate sourcing and screening, to interviewing and onboarding, maintaining control and clarity can be a struggle, especially with a small team. With RPO, the process has already been set up and you can implement it rapidly. Moreover, various models are available – so regardless of whether you want an end-to-end strategy, or guidance on part of the process, there’s a solution that’s right for your business.

5. Insight from industry experts

Even in a small business, you’ll likely have roles in specialist areas. When selecting and screening candidates for these roles, having people who understand the required skillset is crucial. Otherwise, you run the risk of a bad hire, resulting in increased turnover, and having to start the process all over again. Chances are your HR team won’t have expertise in every area within your company. RPO providers bring the benefit of industry knowledge. Plus, they can tap into existing talent pools, meaning you get candidates with the right experience for each role.

6. Building brand awareness

When competing with larger companies, you need a strong company brand to stand out from the crowd. Making sure job postings, interaction with candidates, and interviews fully represent your brand takes time and investment. RPO providers are not only professionals in recruiting but can market effectively. They are an extension of your business and get to know what your company stands for, so you attract candidates that fit your culture.

7. Keeping up with regulations

With today’s constantly fluctuating world of work, it’s more important than ever to maintain compliance. It’s common for large organisations to have lawyers on retainer, but this often isn’t the case for small businesses. Partnering with an RPO provider takes care of the legal side of hiring. They are up to date with the latest regulations and best practices, ensuring you keep pace with changes and avoid hiring missteps.

8. A cost-effective solution

Recruiting is costly. Creating job descriptions, finding candidates, interviewing, and onboarding all adds up fast. And there’s no guarantee of success – when a candidate drops out of the process, even more investment is required. RPO streamlines everything, while sourcing the top talent that best fits your organisation. This speeds up the process, while reducing costs and employee turnover.

Finding a cost-effective, fast, and flexible hiring solution is crucial for any small business. Using RPO ensures you stay ahead of the competition, no matter the size of your organisation.

More Recruitment Process Outsourcing Articles:

• What is Recruitment Process Outsourcing? RPO Explained?
• Why Choose RPO? Seven Key Benefits of Recruitment Process Outsourcing
• What’s the Difference Between RPO and Traditional Recruiting?
• Why Recruitment Process Outsourcing is Right for Your Growing Business
• 6 Benefits of Using RPO for Your Medium-Sized Business
• How Does RPO Reduce Recruitment Costs?