Advantages of outsourcing your company’s recruitment process

Companies that outsource their recruitment process, experience a handful of advantages which I'll discuss in detail in this article. The term for this process is Recruitment Process Outsourcing which in turn is a type of business process outsourcing.Before I dig any deeper into the advantages of outsourcing your company's recruitment process, let's get a better understanding of what business process outsourcing or BPO really means.  According to Wikipedia BPO is where an employer outsources or transfers all or part of its recruitment activities to an external service provider.In other words Business Process Outsourcing is the purchase of labour or services from an outside source, i.e. subcontracting a process to a third party company.The RPO Alliance, a group of the Human Resources Outsourcing Association (HROA), approved this definition in February 2009. "Recruitment Process Outsourcing (RPO) is a form of business process outsourcing (BPO) where an employer transfers all or part of its recruitment processes to an external service provider. An RPO provider can provide its own or may assume the company's staff, technology, methodologies and reporting. In all cases, RPO differs greatly from providers such as staffing companies and contingent/retained search providers in that it assumes ownership of the design and management of the recruitment process and the responsibility of results." - WikipediaNow that we have a better understanding of what BPO is, lets get back to the main theme of this article which is recruitment process outsourcing and its advantages to your company.Time/SpeedHiring a recruitment company to do the recruitment process for a new project will save your company precious time. A recruitment agency already has a database of prospects classified by their skills, knowledge and experience, all you have to do is send in your requirements and they should get back to you with a list of candidates that will be ready to be interviewed.Money/CostsIf it saves you time it sure saves you money. Imagine allocating employees to do the recruitment process of your company, first these employees will have to stop doing what they are doing to focus the recruitment process which can be a long winded process. This could be a problem for small to middle sized companies, big corporations have their own recruitment departments. But even so we are seeing that even the big guns are outsourcing their recruitment processes to reduce costs.QualitySome might say that who better to know the needs of a company than the owner or someone working for it. This saying is right to a certain extent but when it comes to recruiting new personnel for a specific job or project this can be very challenging. So better leave it to the professionals. Specialised recruitment agencies have an extensive database of resumes and the networking required to source the right type of candidate. Nowadays these agencies have evolved so much that if you need recruits for a construction project you go to a construction recruitment agency, a new engineering project you look for engineering recruitment agencies and so on.Now that you now the benefits of hiring a recruitment agency do you still want to do the process in-house?