8th July 2021, Singapore: 15 months after Circuit Breaker restrictions first began in Singpaore, and since the start of the subsequent shifts in workforce needs around the world, research commissioned by AMS has revealed the steps talent acquisition teams are taking tosupport growth in a tightening labour market while also navigating their own capacity restraints.
The research, conducted by analyst firm Aptitude Research, authored by founder Madeline Laurano, and commissioned by global provider of talent outsourcing and advisory services, AMS (formerly Alexander Mann Solutions) is detailed in a report Project RPO: Solve short-term hiring challenges while creating long-term value.
The report explores the largest drivers, misperceptions and outcomes of project-based outsourcing (Project Recruitment Process Outsourcing (RPO)). According to the research, with 40% of recruiting teams being downsized in 2020, 42% of survey respondents now cite needing help to face a hiring surge as the largest driver of using Project RPO.
“During times of uncertainty and disruption, Project RPO is a strategic business decision made to get the best team in place quickly to reinforce business objectives,” noted Madeline Laurano. “The research shows us that talent acquisition teams are recognising that outsourcing isn’t only for long-term or complex engagements, and can provide tremendous flexibility to start and stop based on fluctuating business demands and hiring requirements.”
While the HR and TA leaders surveyed noted Project RPO helps their teams tackle more immediate short-term needs, like the 75% that noted they were able to fill positions in under 30 days, they also recognised measurable long-term value like improved diversity and quality of hire.
Neil Jones, Regional Managing Director, APAC of AMS, said: “Across Singapore and the Asia Pacific region we have seen an increase in hiring needs for businesses of all sizes. Amidst the challenging circumstances of today’s environment, and with fewer internal resources to manage the surge in demand for talent in the region, more hiring teams than ever before are recognising the value of Project RPO.
“For these businesses, Project RPO is not just a solution, it is a lifeline that helps them find the right talent for their growing organisation. It enables them to be agile, and scale up and down at speed, for as long as they need, helping them to remain competitive. Equipped with our expertise, hiring teams know that they can rest safe in the knowledge that their team are primed to overcome any obstacles today’s environment has put in their path. The Report findings bring to life the value Project RPO can bring to a business, and the timely importance of the solution for the APAC region.”