Recruitment Process Outsourcing: Challenges and Opportunities in Today’s Global Market
Global talent acquisition is always a complicated process. Worldwide hiring and pay rises have exacerbated the current obstacles of discovering and hiring people from around the world.
There is increasing competition for top talent. With the number of companies eying the same talent pool, it can be challenging to attract the best and the brightest. The costs of recruiting, advertising, and training have increased with the tight labor market.
Then, there are changing expectations of candidates. With the rise of the gig economy, more and more candidates are looking for flexibility and autonomy in their work.
Lastly, the need to keep up with the latest technology is increasing. With the constantly changing landscape of technology, companies need to make sure they are using the latest tools and platforms to attract and recruit top talent. As the workforce continues to evolve, so will the challenges companies face.
Let’s look at some of the most common recruitment challenges.
Salary increases are most notable in Canada, Mexico, Pakistan, and India. The most significant pay increase, a 49 percent increase, was seen in marketing positions like digital marketing, SEO specialists, and content development roles.
These soaring incomes are somewhat unsustainable. Organizations are becoming a lot more data-driven and trying to detect where talent resides and identify the higher and lower-cost markets due to the pay increase.
Strengthening the Employee Value Proposition
Organizations must develop a compelling employee value proposition. Candidates from all around the world are searching for companies that provide more than simply a wage. They seek employment flexibility, a favorable work-life balance, consideration for their mental health, car allowance, etc. Global candidate engagement can rise with a great employee value offer.
Developing a Talent Pipeline for Future Skills
Soon, developing a talent pipeline with skill sets that account for efficiency and productivity will be critical. Faster workers are becoming more and more important in the manufacturing industry.
The candidate’s experience is more important than ever, given the current conditions. Effective communication is crucial to guarantee prospective workers a positive hiring experience.
A strong candidate experience strategy is essential in the global talent market because a low-performing employee’s departure is typically accompanied by a one- to three-month notice period. A worker’s termination in India can take up to three months. If a candidate accepts the offer for the vacant position, it can be weeks before the new employee starts.
Furthermore, there is no assurance that the “new” employee won’t budge from the process due to the various other offers the latter receives. To ensure that the candidate begins work on schedule, whether that date is one week, one month, or three months after accepting the offer, the need is to employ a strong onboarding program.
Diversity, Equality, and Inclusion
The global talent market depends on diversity, equity, and inclusion. Organizations must walk the DEI talk. Therefore, companies must demonstrate a diverse culture in their actions as well as in their employee value proposition statement.
RPO Can Assist with Your Challenges in Global Talent Acquisition
A recruitment process outsourcing firm can assist companies with their global talent acquisition due to their capacity to scale up or down.
Due to the anticipated strong growth of businesses this year, particularly in the Asia Pacific region, there is still a high demand for recruiters. However, they have somewhat reduced expectations due to inflation and the current geopolitical situation. As a result, businesses that are losing staff will need to ramp up hiring, while businesses that are adding employees may need to slow down recruiting.
Contract staffing companies can be an excellent option for businesses needing to scale up or down the hiring process quickly. RPOs, in particular, excel at this. Therefore, if the present difficulties in your global talent acquisition are prompting you to hire more or fewer employees, an RPO is your best option.
Companies that want to acquire the best talent from across the world need to start considering how they can develop a compelling employee value offer. Additionally, they must create a talent pipeline for skill sets that considers efficiency and productivity. Finally, businesses must operate to demonstrate their commitment to diversity. RPOs can assist businesses with their struggles with international talent acquisition.
Glocal RPO is a leading global recruiting partner with expertise in multiple niches. Whether it is IT, healthcare or manufacturing, their expert team can cater to all staffing requirements – big and small. The dedicated recruiters offer local and global recruitment support for permanent as well as temporary positions. For more information or to request a consultation, log onto: www.glocalrpo.com