Busting Myths: How RPOs Can Be Your iGaming and Payments Talent Acquisition Advantage
Recruitment Process Outsourcing (RPO) has been attracting a lot of interest in the iGaming and Payments sectors in recent years. As companies in the industry mature and grow, more strategic recruitment solutions become increasingly important. However, the growing interest in RPO has also spawned some popular misconceptions about this innovative solution.
Let's debunk some of the most common myths surrounding RPOs.
RPO Myths: Fact or Fiction?
Myth 1: Loss of Control
Entrusting an external partner with a critical function like talent acquisition could distance the company from decision-making and obscure the recruitment activities' transparency.
Fact: Partnering with an RPO doesn't mean relinquishing control. A good RPO operates collaboratively, providing transparent communication and regular reporting. You retain ultimate decision-making power over hiring decisions, talent selection, and overall recruitment strategy. Instead of micromanaging daily tasks, you can focus on setting strategic objectives and key performance indicators (KPIs) to ensure the RPO aligns with your company's goals.
Myth 2: RPOs are Too Expensive
The upfront costs and ongoing fees associated with RPO services can be a significant financial burden for companies.
Fact: While upfront costs exist, RPOs can ultimately save you money. They optimise processes, reduce inefficiencies and ultimately deliver a lower cost-per-hire. The "cost" should be viewed as an investment in acquiring high-quality talent, faster hiring times, and potentially reduced turnover - all factors contributing to significant long-term cost savings.
Myth 3: RPOs Only Work for Large Companies
RPO services are too complex and expensive for smaller companies to benefit from.
Fact: Companies of all sizes can benefit from RPO solutions. Scalability is a key advantage. RPO providers can tailor their services to your specific needs, whether you require ongoing support or a project-based solution for a temporary surge in recruitment needs.
Myth 4: RPOs are Inflexible
Recruitment outsourcing providers have a one-size-fits-all approach that doesn't adapt to the unique needs and culture of a company.
Fact: A good RPO partner is adaptable and thrives on collaboration. They work closely with your team to understand your unique culture, employer brand and talent requirements. This partnership allows them to tailor the recruitment process and adapt their strategies based on your evolving needs.
Myth 5: RPOs are Only for High-Volume Recruitment
RPOs are only valuable for companies with a constant need to fill a large number of positions.
Fact: While RPOs excel at managing high-volume hiring, their expertise extends beyond that. They can be valuable partners for targeted searches of niche talent or filling specific roles that require specialised knowledge. This frees your internal team to focus on core HR functions such as onboarding and employee relations.
Myth 6: RPO Implementation Takes Too Long
The process of onboarding an RPO and integrating their systems can be lengthy and disruptive.
Fact: The onboarding process can be streamlined, with successful implementations often occurring within weeks. Experienced RPO providers have established frameworks and best practices to expedite integration and ensure a smooth transition.
Myth 7: RPOs Dilute Your Employer Brand
Partnering with an external provider can weaken your company's employer brand and make it harder to attract top talent.
Fact: The opposite is often true. RPOs can strengthen your employer brand by leveraging their expertise in employer branding strategies. They can help you refine your employer value proposition (EVP) and develop targeted outreach campaigns to attract top talent who align with your company culture.
We hope by dispelling these common myths, you can now make an informed decision about whether an RPO partnership is the right fit for your iGaming or Payments company. It’s not right for everyone, but when implemented effectively, an RPO can be a strategic asset, helping you secure the best talent and drive your business forward.
If you’d like to have an impartial chat about whether outsourcing your recruitment process is a good fit for your organisation, please get in touch with me to discuss your talent acquisition strategy: david.shuttleworth@theconexusgroup.com