by Richard Barrington
Nowhere is it more important to leverage key employee time and corporate resources than in fast-growing, entrepreneurial companies. Companies in the fast-growth phase of the corporate life cycle are in an especially sensitive position. Management time must be focused on capturing the market opportunities at hand, and financial resources are often stretched. For these companies in particular, the ability of human resource outsourcing to leverage time can be crucial--as long as this can be accomplished without increasing costs.
When looking to outsource HR functions, a natural place for a fast-growing company to start is with recruiting. Outsourced recruiting frees up management time and fuels future growth by bringing in fresh talent. However, it takes a special type of solution to outsource HR without increasing costs and without losing sensitivity to the unique needs and vision of the company. After all, that sensitivity is vital to bringing in the right kind of talent.
Recruiting: The Growth Conundrum
Companies in the start-up or fast-growth phases face a conundrum when it comes to recruiting. At no time will it be more essential to attract talent quickly, and yet at no time are management and financial resources likely to be as stretched.
Clearly, this situation begs for leverage of time and resources, but true leverage is the ability to maximize the effectiveness of internal resources rather than defaulting to outside execution of essential tasks. That is why, when it comes to human resource outsourcing (and recruiting in particular) it is necessary to increase capacity without removing the first-hand insight of company management. This is the type of smart leverage that Accolo, Inc. has been able to achieve for its clients.
Outsourced Recruiting: A Leveraged Process
Accolo Inc. offers human resource outsourcing focused on measurably improving recruiting results. As noted above, true leverage of a business process doesn't take that process out of the hands of internal management. Rather, the skills and preferences of internal management simply extend their reach through outsourcing. This is the essence of Accolo's recruiting approach.
Accolo works with internal management to carefully craft a job outline and a preliminary screening questionnaire. By administering this questionnaire electronically to all applicants, Accolo can ensure that management never has to review an unqualified candidate. Qualified candidates are then presented and scheduled with management via electronic tools, to minimize the intrusiveness of the process on day-to-day operations. Meanwhile, Accolo also leverages results by conducting the search via a referral network of 600,000 members.
Speaking of results, Accolo's focus on recruiting metrics demonstrates it ability to measure management recruiting efforts are rather than simply discuss those efforts theoretically or descriptively. Some examples:
- PR Newswire estimates that Accolo saved them $1 million dollars compared to the cost of traditional contingency recruiters
- IDEX Corporation saw the time from job launch to candidate start date drop from 96 days to 78.6 days, an improvement of 18.1%
These examples show that when companies outsource HR functions through Accolo, they achieve efficiencies of both time and money. That is the kind of leverage that can help fast-growth companies not only maintain their momentum but also accelerate it.
Richard Barrington is a freelance writer and novelist who previously spent over twenty years as an investment industry executive.