For those who don’t know, in recent years, businesses have significantly shifted towards Recruitment as a Service (RaaS). When RaaS is implemented for a business, the company no longer maintains its own employee recruitment team. Instead, they subscribe to a third-party service provider like a talent acquisition firm that fulfills the company’s recruitment needs and provides the best independent talent.

Some people argue that RaaS is more efficient in outsourcing the recruitment process, while others argue that keeping the talent acquisition process in-house is better.

So, what does the research say? Well, the statistics show that recruitment as a service is indeed better than setting up an internal recruitment department. Here are some key facts and figures:

  • According to a study by the Aberdeen Group, businesses that outsourced their recruitment process closed the open positions 25% faster than those that didn’t outsource.

  • The same Aberdeen Group study found that businesses that outsourced their recruitment process saved an average of $4000 per hire. That’s a significant amount of money, especially considering that the average company makes around 20 hires per year.

In exchange for the subscription fee, businesses receive access to a pre-vetted and qualified candidate pool through RaaS providers. Mentioned below are the reasons why RaaS is taking over the staffing industry:

  • Many traditional recruiters still rely on fax machines and outdated systems, whereas RaaS vendors use modern technology to source and screen candidates. This makes the sourcing and talent recruiting process much more efficient and streamlined through RaaS.

  • RaaS vendors are often less expensive than traditional recruiting methods, making it a more attractive option for businesses of all sizes.

  • RaaS has been proven to be a more effective hiring method based on less employee turnover and higher retention rates.

There are pros and cons to both in-house recruitment and RaaS. Still, we think the evidence is clear: Recruitment as a Service is better than having your own recruitment department, especially when you consider the importance of attracting top talent. Here’s why:

Effective Process

When you outsource your talent recruiting procedure to experts, you can be sure that the process will be much more efficient than if you try to do it yourself. Generally, when you contact a talent acquisition company, they will give you clear visibility into their process. Recruiting, selecting, evaluating, interviewing, and placing the best talent is their day-to-day function. They will hardly put a foot wrong in this area. And the best part? You can always have them do it again IF you are not satisfied with the candidates being submitted.

Get Better Quality Candidates

Renowned RaaS providers have been in the industry for years. They have vast pools of resources for all sectors along with a stringent process of recruitment that includes several methods. These talent acquisition agencies have employed very skilled and experienced huntsmen who know the ins and outs of the said function. Research shows that outsourcing your recruitment has 60% more chances of getting better quality candidates as compared to relying on in-house recruitment teams.

Saves a Great Deal Of Your Time & Resources

Trying to recruit using an in-house team takes up valuable time and, obviously, a significant amount of resources that could be spent on other, more critical areas. When you choose to have an in-house team, your expense charts hit the skies as you spend on their onboarding, their monthly salaries, and in most cases, recruiters come in with bonus plans. You save yourself from all these extra costs and efforts when you assign recruitment to a specialized agency.

There’s a very high cost for any organization to hire the wrong candidate. This brings the need to spend considerable time and resources on building SOPs and processes to eradicate any loopholes. But truth be told, 100% effectiveness in any department is impossible, and you end up having issues here and there. On the contrary, when you outsource this function, the recruitment agency becomes accountable, and you can always take refunds or get the candidates changed if you’re unsatisfied.

Allows You To Focus On Your Business

The whole point of outsourcing your talent recruiting procedure is so that you can focus on running your business – give more attention to strategy building for growth and other more demanding tasks. When you outsource your recruitment needs to a RaaS specialist and a reputable talent acquisition company, you’ll be presented with a set of things you have no expertise and experience in. As a result, you will get things done more effectively.

Outsource Your Recruiting Process To MIW

This new recruiting model is here to stay, as it has proven to be a more effective way of attracting and hiring top talent. Mclean Intelligent Workforce is one of the top talent acquisition companies.

There’s no doubt that recruitment is a vital function for any business or organization. After all, without staff, there would be no business! And with all the points and statistics mentioned above, we can easily establish that outsourcing the recruitment function brings far more significant benefits as compared to setting up a department in-house.

Here at Mclean Intelligent Workforce, Recruitment as a service (RaaS) is our core competency, and we provide services to a plethora of industries. These include Information Technology, Finance, Supply Chain & Logistics, Fintech, C-suite for SMEs, Construction Management, and Sales and Business Development in nearby metropolitan areas. We have some of the most experienced professionals in the recruitment industry.

Since our inception, we have been providing our clients with the best hard-to-find brilliance and have hired top talent in several domains and businesses through our intelligent workplace services. Get in touch with Mclean Intelligent Workforce today to learn more about the recruitment process we provide to businesses like yours to help with your staffing needs.