Lowering our Risk in Talent Acquisition

There are always uncertainties in a down-economy when it comes to recruitment, but the one that keeps us up at night is the continuous fluctuations in role volume based on the needs and priorities of the business. Oftentimes, leadership is thrown into a catch-22 scenario where we must become extremely agile in how we manage our internal recruitment headcount to be able to keep up with a sudden influx of new job requirements, and/or vice versa, a hiring freeze.

t’s a tough predicament to navigate, and we never know for how long it will last.

So how do we as Talent Acquisition leaders solve for intermittent conditions and still ensure we’re able to deliver on requirements large or small when the call comes in.

The most agile and optimal go-to is outsourcing

Now of course, keeping a core team of recruiters is critical in any economy. In-house knowledge is irreplaceable and relationships with business stakeholders is a key to a successful talent acquisition strategy, but it's about honing in on how to handle the variance. Outsourcing is the only way to stay agile and scalable, especially during headwinds. In addition to the scalability value, it’s a fraction of the cost in comparison. The risk of having more internal headcount, when the business needs just aren’t there is too great.

So what are we referring to on the outsourcing front? There’s a variety of options, it’s not a one-size fits all, and in many cases adding a blend of several solutions is ideal. It could be an RPO, a staffing agency, some companies deploy contract recruiters (though that seems to be a heavier lift), or if we're being biased, technology.

Technology, especially advanced algorithmic automation and now AI is already making a significant impact on the efficiencies of companies, and even brick and mortar outsourcing outfits are leveraging innovation to lower their costs, increase margins and most of all minimize or eliminate risk

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