3 Ways a RPO Partner Can Help Overcome the Job Opening Surplus
The Wall Street Journal recently reported there are 7.4 million unfilled jobs and only 5.8 million job seekers. That is a gap of over 1.6 million jobs! With this demand for talent, traditional recruiting will not get it done. Organizations need to be creative and try new things to find and hire qualified candidates. One solution is to engage a recruitment process outsourcing (RPO) firm. Why this partnership could overcome the job-to-job-candidate gap.
Issue 1: A 3.6 percent unemployment rate
With the lowest unemployment rate in over five decades, there are simply fewer available workers. People are already employed and are not actively looking to find other roles.
The unemployment rate may be low, but people are always looking for jobs. Recruiting firms are poised to both vets the talent that is actively searching for a job, but also have the tools and networking events to find passive job seekers that may not be actively looking.
Issue 2: Employers procrastinate
Despite an overwhelming amount of job openings, employers are still slow to fill them. Many policymakers and economists think that there is uncertainty in the global economic future. Businesses are beginning are skeptical and procrastinating hiring for growth that may not be certain.
How a recruitment process outsourcing partner can help:
RPO partners are ready to help you fill roles in the smartest way possible.
Reduce cost per hire – Save money by significantly decreasing your average cost-per-hire, often by more than 50 percent.
Shorten time to hire – Reduce your time-to-hire by over 40 percent, lessening your organization’s lost productivity around open vacancies.
Improve the quality of hire – Improve retention as high-quality hires improve productivity for organizations. Embedded in your business, our RPO programs can provide world-class assessments to measure candidate quality to make more informed hiring decisions.
Scalability to respond to your organization’s changing needs. RPO solution allows your organization to flex talent acquisition headcount up and down as hiring needs to change.
Gain transparency through reporting. Measure and track performance through regular reporting on key performance indicators (KPIs) and service level agreements (SLAs).
Continuous optimization. With an RPO solution, you’ll have access to talent data with tangible insights to hiring decisions, talent mapping to workforce planning. You’ll increase efficiencies, identify process improvements, and better forecast future hiring needs.
Access expertise. Utilizing AMBC RPO’s experienced recruiters as an extension of your team provides accessibility to deep candidate networks and reduces time to engage those candidates.
We believe that the right hire can make what is impossible today possible tomorrow – That is why you should contact us.