LevelUP News & Insights

5 Ways Project RPO Supports Business in a Changing Market

Written by LevelUP | Jun 28, 2023 1:59:09 PM

As economic headwinds persist, organizations face the constant challenge of adapting to changing market conditions while maintaining a competitive edge. Attracting and retaining business-critical talent remains a priority, and within our client portfolio, the focus on hiring for in-demand roles is not waning. A key factor in sustainable success for talent acquisition relies on being flexible and efficient. Managing all recruitment internally can be time-consuming, resource-intensive, and lead to costly use of agencies. To overcome these hurdles, some employers have turned to Project Recruitment Process Outsourcing (Project RPO) to gain the flexibility and scalability necessary to meet their talent acquisition needs.

What Is Project RPO?

Project RPO is a highly-customized engagement allowing businesses to outsource part or all of their talent operations for a specific time period or project. This project-bound arrangement delivers an end-to-end solution tailored to each project's requirements, proving highly valuable for businesses navigating acquisitions, expansions, securing funding, seasonal hiring, and other critical initiatives.

Project RPO can be designed in a number of ways. At LevelUP, we bring extensive support, encompassing employer branding, DE&I-centered sourcing and recruitment techniques, outreach, screening, assessments, interview scheduling, reference checks, selection, onboarding, and more powered by an extensive tech stack. While not all Project RPO is equal what they all have in common are they are not long-term contracts and are meant to supplement or enhance existing Talent Acquisition operations.

Often, Project RPO serves as a gateway for businesses to explore the full advantages of RPO and may lead to the development of a longer-term enterprise RPO relationship.

Benefits of Project RPO

Cost Efficiency

With uncertainty, businesses are proceeding with caution, and looking for ways to save while also hiring business-critical roles. Traditional recruitment methods can be expensive, particularly when factoring in upfront expenses such as recruitment technology and internal staffing resources.

Through a Project RPO solution, employers leverage the RPO provider's existing infrastructure, tech stack, and talent networks—eliminating the need for upfront investments. Further, Project RPO offers a variable cost structure that aligns with specific project requirements; since employers can scale their recruitment investments up or down based on hiring volumes, overall recruitment costs are scaled back during periods of reduced demand. 

Reduced Time-to-Hire

It now takes an average of 44 days to appoint people, up from 43 days a year ago, according to global research from the Josh Bersin Company. For some highly competitive roles and skillsets, it is much higher. As recruiters and sales teams know, time kills all deals. Time-to-hire is a critical metric for organizations aiming to stay competitive. Delayed recruitment processes can lead to lost business opportunities or increased workloads for existing employees.

Having an RPO provider expedites the process in a few ways: they typically have a wider network of talent pools, they bring technology and streamlined recruitment processes, and they are solely focused on their scope of work.

Specialized Expertise

Certain recruitment initiatives require specialized knowledge in specific industries, skillsets, or geographic regions. With Project RPO, organizations gain access to recruiters who possess deep domain expertise, extensive industry connections, and a proven track record of success in niche talent markets. These providers bring invaluable market insights, deploy advanced sourcing strategies, and streamline the recruitment process. By leveraging their expertise, employers can significantly enhance their ability to identify and engage top-tier candidates, leading to improved candidate quality, faster time-to-hire, reduced time-to-fill, and mitigated risks of costly recruitment missteps.

Focus on Core Competencies

Managing the recruitment process internally can be a time-consuming and highly administrative task for multiple business departments, HR, and other key stakeholders. By offloading the recruitment process to experts, employers can allocate more time and resources to strategic initiatives that drive business growth.

Rapid Scalability

A planned or sudden hiring surge can be daunting for businesses — stretching internal resources thin and creating delays in filling critical positions. One of the biggest advantages of having a Project RPO is its exceptional scalability. Whether it's due to seasonal demands, expansion into new markets, or unexpected project requirements, Project RPO allows organizations to access additional resources and expertise on demand without incurring excessive costs, internal disruption, or compromising talent quality.

As ongoing economic challenges continue, businesses can expect to see stronger competition for quality talent. Agility, scalability, and rapid response will be paramount for success, and Project RPO emerges as a powerful solution. By leveraging the expertise, resources, and flexibility provided by RPO providers, organizations can navigate their recruitment challenges with efficiency, access specialized talent, reduce costs, and accelerate their growth trajectory.

About LevelUP

LevelUP provides customized, sustainable, and DE&I-forward solutions to help employers attract, engage, and retain best-in-class talent. Utilizing agency search techniques, innovative technology, and enhanced brand management, we pride ourselves on delivering exceptional results tailored to the unique needs of our clients.

Since our first client engagement, we have grown to provide talent solutions across the globe and support some of the best-known companies within technology, ad technology, fin tech, wellness, financial services, management consulting, production, data and analytics, retail, biotechnology, and healthcare. To learn more, we invite you to connect with a member of our team.