5 Recruitment Process Outsourcing Benefits
How your organization can benefit from recruitment process outsourcing.
Recruitment process outsourcing (RPO) is a critical tool for the healthcare industry. As your integrated recruitment partner, an RPO organization will work closely with your hiring managers and HR team to increase candidate pipelines, streamline hiring processes, reduce costs and improve retention.
Working with an RPO partner gives you access to innovative hiring strategies and a broad professional network that can help your organization gain a significant competitive advantage. Utilizing an RPO partner can increase a healthcare organization’s ability to attract, engage and retain talent.
RPO solutions present several important benefits to hospitals, clinics, new health care delivery platforms, and health systems. Leveraging cutting-edge recruitment techniques and technology can make the hiring process faster and easier.
Provider Solutions and Development (PS&D) builds true partnerships with healthcare organizations to match you with the best physicians and advanced practice clinicians for the job. Learn more about our talent acquisition methods and process and make use of the best elements of RPO.
RPO Trends and Growth
Over the past few years, recruitment process outsourcing has evolved dramatically to match the changing landscape of healthcare. As staffing shortages continue, the need for powerful recruitment solutions becomes vital. This has contributed enormously to the growth of the RPO market globally. According to a Technavio report, the RPO market is projected to grow at a compound annual growth rate (CAGR) of 15.2% and increase by 7,600.36 million between 2022 and 2027.
One major trend contributing to this growth is the drive toward utilizing big data and advanced analytics in the recruitment process. By leveraging data-driven insights, RPO partners can enhance their quality of hires and tailor their recruitment strategies to suit the unique needs of different organizations. An important area of data is validating recruitment strategies with audience research. RPO organizations that do their own primary research with healthcare providers can continually refine strategies for effective recruitment.
Benefits of Recruitment Process Outsourcing
Health systems that utilize an RPO partner are reaping numerous benefits, contributing to their overall business growth and talent acquisition strategies. Here is how your organization can benefit from recruitment process outsourcing.
1. Lower Recruiting Costs
One of the primary benefits of RPO is that it can help reduce recruitment costs. According to a report by research firm Aberdeen, 36% of companies that partner with an RPO were able to reduce their costs of hiring. An RPO partner has expertise in optimizing recruitment strategies and reducing the overhead costs associated with the process.
By outsourcing recruitment, healthcare organizations can reduce or eliminate several expenses, including advertising, screening, interviewing, relocation and training a dedicated team of in-house recruiters. Additionally, RPO solutions allow organizations to scale their recruiting efforts based on their unique needs, enabling them to manage costs more effectively.
For a consistent monthly fee, PS&D assesses your organization’s staffing needs and provides the recruitment services necessary to meet your hiring goals. With our industry expertise and vast established network of physicians and APCs, we can minimize the costs and risks associated with the recruitment process.
For example, by delivering top-tier candidates who share the same vision, values and goals as your organization, PS&D reduces expenses by improving retention rates and you can avoid the costs of physician turnover — which can range from about $88,000 to $1,000,000 per physician.
2. Quality Talent Acquisition
Some RPO organizations have experience and established networks to connect candidates with health system employers however, not all firms offer this level of industry specific expertise with Physician and Advanced Practitioner recruitment. PS&D is unique in that our recruitment teams carry a wealth of knowledge and experience across diverse medical specialties and subspecialties, ensuring we are well-equipped to source quality talent specific to your hiring needs.
With access to extensive physician databases, advanced search tools and professional healthcare networks, PS&D can identify and engage prospective providers who meet each organization's specific qualifications and preferences. This helps improve the quality of the physician and advanced practice clinical workforce, which is critical to the success of your organization and the health of your community.
3. Faster Time-to-Hire
Lengthy recruitment processes can be detrimental to healthcare organizations and communities. You may lose potential candidates to competitors, end up with increased overall hiring costs and experience a lower capacity for patient care. RPO organizations can streamline the entire recruitment process through efficient methodologies, technology integration and optimized candidate pipelines.
For example, many RPO partners have their own applicant tracking systems that manage candidate information, or screening platforms for a more efficient reviewing process. This allows for quicker time-to-hire, enabling organizations to hire providers more efficiently. According to the Recruitment Process Outsourcing Association (RPOA), a highly qualified RPO firm could reduce your organization’s time to hire by up to 55%.
At PS&D, our fully integrated RPO model creates a tailored approach that streamlines the recruitment process. Since we understand physician and advanced practice clinician recruitment trends and the complexities of healthcare operations, we can deliver the right talent faster. We also have our own proprietary data dashboard, where we can keep partners up-to-date on candidate statuses.
4. Enhanced Employer Branding
A strong employer brand is essential in attracting the right talent and improving overall employee retention. A quality RPO partner works closely with hiring managers and healthcare organizations to understand and communicate their unique employer value proposition. This ensures that they effectively reach and engage candidates that align with the hiring organization’s brand values. Effective employer branding strategies can improve candidate experience, retention, and employee engagement levels.
When you partner with PS&D, we meet with you to gain a comprehensive understanding of your vision, values, and ideal candidates. Our goal is to match you with talent that aligns with your mission and becomes a vital part of your community, so we tailor our sourcing and screening processes to ensure the long-term success of your new hires.
5. Improved Recruitment Flexibility
The hiring needs of healthcare systems can change over time, so it is essential for the recruiting process to be flexible. An RPO firm can quickly help you scale up or down as needed. They are especially valuable for healthcare organizations going through periods of growth or entering or exiting peak hiring season.
PS&D offers flexible and scalable solutions through our tailored RPO model to help your organization adjust recruitment efforts, when necessary, whether there are changes in the market or your hiring needs.
If you would like to learn more about the benefits of partnering with PS&D, contact us.
Leverage Innovative Recruitment Techniques
Physician and advanced practice clinician recruitment is an ever-evolving process and it's vital to stay ahead of the curve to find and attract quality talent. Health systems are becoming more innovative in searching for, interviewing and hiring physician and APC candidates. Healthcare organizations need to stay competitive by leveraging strategic recruiting techniques that enables the ability to attract highly skilled employees, improve the quality of their hires and support new hires as they grow in their careers.
Partnering with specialized recruiting firms rather than relying on job boards alone can benefit the recruitment process. Partnerships with RPO organizations like PS&D give health systems access to a nationwide network of candidates already pre-screened for specific skills or experience, making it easier for them to find the right match for their open positions.
PS&D Can Help You Connect with the Best Talent
The demand for skilled medical professionals continues to grow, making it challenging for health systems to find the right people. Health systems need an effective RPO team to meet staffing needs.
We offer a variety of end-to-end RPO solutions and services tailor-made to fulfill the needs of healthcare organizations of all sizes. We employ expert physician and APC recruitment teams, utilize state-of-the-art technologies, and implement insights from primary research with providers to ensure you get the most suitable candidate for the job.
What sets us apart is our commitment to working closely with clients to understand their unique needs, company culture and goals. This allows us to match candidates who will thrive, grow and provide the best possible care for the communities you serve. Reach out today to learn more about partnerships.