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Recruitment-as-a-Service: A Comprehensive and Cost-Effective Solution for Company Growth

Zak Brocchini

  • 04-04-2024
  • White papers

Hiring the right people for your organization is a daunting task. It takes up significant resources and time, and often leads to unsatisfactory results. Recruitment-as-a-Service (RaaS) is a comprehensive solution that can eliminate these challenges.   

What is Recruitment-as-a-Service?  

Recruitment-as-a-Service (RaaS) is a solution that combines modern technologies, tools, and expertise to scale an organization quickly and efficiently. With RaaS, you are getting a senior technical and product recruiter with a sourcing team, their own ATS, a database of candidates, multiple job boards, and a proprietary AI-driven candidate engagement platform for a flat fee, with uncapped hiring potential. It is more effective and efficient than contingent search and, in many instances, than staffing a recruitment team.  

Benefits of RaaS 

Why is Recruitment as a Service (RaaS) more effective and efficient than contingent search or hiring additional internal recruiters? 

  • A subject matter expert will lead your engagement; this is someone who understands the hiring landscape and intricacies of talent acquisition. Having worked in both talent acquisition and agency teams, we are deeply versed in all the tricks of the trade – on both sides - including: 

  1. Crafting interview panels, timelines, and running debrief meetings 
  2. Establishing metrics, rubrics, KPI’s, and enabling the use of data to evolve a talent program.  
  3. Best Practices for Bias-Free Interviewing and DEI initiatives, promoting a diverse and inclusive workforce 
  4. Insights into competitive compensation, we have a pulse on the market 
  5. Process Improvement - we have expertise in hiring, training, and mentoring teams of recruiters and can help level up your team or help lay the groundwork for one 
  6. Communication - we leverage MS Teams, Slack, Slack Connect, and other communication platforms to ensure all stakeholders are in the know.  
  7. The data is yours – if you have an ATS, all info is input, data cleansed, and notes updated. If you don't, we can provide data exports along the way and at the close of the engagement.  
  8. Tool Selection. If you want to evolve your stack, we can help.  

  • Our sourcers, equipped with proprietary AI-enabled software, are laser-focused on mapping passive candidates in any US Market; these people aren't on job boards or applying to job postings. Once our team maps the market, we utilize tooling to engage with and nurture the candidate pool, effectively driving candidates to you - building your brand, and increasing traffic to your careers page. Our team members are adept at generating passive candidates and leveraging the active market; we'll ensure all applicant buckets are reviewed and cleaned up. From there, we rigorously interview and pre-qualify candidates, ensuring your team speaks to the best of the bunch.   

  • Easy to scale up or down. Recruitment needs often fluctuate with the business cycle, when building a new feature or product, when closing a round of funding, or when there is a shift in the business or revenue – either positive or negative. RaaS is quick to scale up or down.  

  • It's cost-effective. Recruitment-as-a-Service (RaaS) is a flat-fee service, which makes it easy for organizations to forecast their recruitment spend. The cost is comparable to hiring an internal recruiter but with the added benefits of tools, resources, and a sourcing team, all part of one solution. RaaS providers aren't full-time headcount – they don't require benefits or company-paid taxes, which further reduces the cost for your organization. It's a top-of-the-line deduction. The CFO will be happy! 

Conclusion 

Recruitment-as-a-Service (RaaS) is a comprehensive solution that can transform your recruitment process. 2Bridge will provide better-quality candidates, a faster time-to-hire, process improvement, and cost savings. The scalability of RaaS means that your organization can adapt to fluctuating recruitment needs without incurring additional costs or internal ramp-up/downtime. It's an all-in-one solution that is a fraction of the cost of contingent search and, in the right circumstance, building up an internal team. With Recruitment-as-a-Service, you can spend less time and resources on recruitment and more on achieving your business objectives. 

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