Workforce expansion is an inevitable part of business growth. When you scale up your business, you witness more projects coming in and to get them done efficiently on time, you certainly need more resources.
Recruitment is important. However, letting geographical boundaries limit your access to human resources is not really a good idea.
Yes, you need to expand into new markets if you want to establish your presence globally. The first step towards this is hiring international employees. But, the process is going to be hectic, if you choose to rely on conventional HR practices.
Need for Recruitment Process Outsourcing (RPO)
Let me explain to you why.
When you onboard employees who work for you from different parts of the world, you need to ensure your company complies with the labor laws and tax regulations of corresponding nations. These parameters change from time to time.
Keeping track of these dynamics along with the other HR processes can be troublesome for an organization like yours that seeks global expansion.
So, your company needs something more that can help you to onboard and manage international employees without any hassle. Here is where Recruitment Process Outsourcing (RPO) comes into the big picture.
What is Recruitment Process Outsourcing (RPO)?
Recruitment Process Outsourcing (RPO) is a business model where a company outsources the recruitment and management of human resources to a third party. The RPO service providers simplify global employee management for your company with a blend of human resource specialists and advanced technology.
Many companies are striving to achieve growth and many others are building remote teams to grow globally. It’s a time-consuming process for business owners to handle multiple teams especially overseas when it comes to HR management.
As said earlier, this is chiefly because of various social laws and tax regulations in place. These parameters are to be taken into account during employee onboarding, payroll processing, tax filing, and other related HR activities.
Handling all these processes on your own or even with an in-house team leads to unintentional errors. Though small, these discrepancies can end up costing your company. So, this is not something you should ignore or take lightly.
Given the complexity in the international recruitment space and the inevitable need for global expansion, recruitment process outsourcing is not really an option but a necessity for your organization at the moment.
Benefits of Outsourcing Recruitment and selection process
By simplifying HR management for your company, recruitment process outsourcing can bring ample benefits for your business. Here is a look at the major benefits of RPO for your organization.
Cut Down Costs
With an RPO, you access - at an affordable rate - global pools of talent and recruit them at a cheaper cost while onboarding them through qualified HR professionals. Plus, as specialists in the recruitment space, RPOs possess advanced technology tools to make employee recruitment and management easier. These tools may not otherwise be accessible for companies at affordable prices.
Backed by professional RPO service providers, it is possible for you to identify and onboard perfect international resources at a faster pace. This way, you can ensure faster growth for your business network without largely compromising on resource quality.
Do you know 80% of employee turnover is a result of inefficient hiring techniques? With the right professional assistance, you can stop this from happening to your organization. Yes, when you outsource recruitment through RPO services, you can easily figure out who your perfect hires are. This way, you witness maximum employee retention in the long run.
Keeping track of updates in terms of laws and other related public regulations is mandatory for global employee recruitment and management. RPO service providers constantly monitor these legal updates to ensure flawless HR management. So, you don’t have to worry about legal compliance anymore as the RPO specialists can take care of it on your behalf.
As your recruitment process outsourcing service provider can take care of global HR management for your company, you get more time for your core business activities. This way, you can engage more prospects and come up with innovative strategies to convert them into your customers.
How Multiplier Simplifies Global Recruitment Process
Multiplier is a recruitment process outsourcing service provider trusted by businesses across the world. Our technology-powered platform ensures 100% statutory compliance at all times making the international employee onboarding process seamless for your organization.
While we handle HR management for you, you can easily monitor the process using our real-time insights. Yes, we make it possible for you to streamline global HR management without having to spend all your valuable time on it.
We understand your employees are your asset. To stand by what we say, we provide you with 100% employee ownership while we only onboard and manage them for you.
Are you bothered about the complexities involved in payroll processing? Take a chill pill. We can take care of it for you. While we process payroll for your company, you are still the decision maker of your HR wing. Our platform comes with an all-new one-click to remind you of it every time. Yes, everything happens with your approval and you can signal it to us in just a click.
Want to get a closer look at how we do what we do for businesses like yours? Feel free to get in touch with Team Multiplier.