Volume 1; Edition #15

The Talent Compass: How to Measure the ROI of RPO

Return on Investment (ROI) is a critical metric for evaluating the effectiveness and efficiency of various business processes, including Recruitment Process Outsourcing (RPO). Measuring the ROI of RPO can help you assess whether your investment in outsourcing your recruiting functions is providing the desired value.

Measuring the ROI of RPO can be complex, as it involves tracking various metrics and assessing both direct and indirect benefits. It’s important to work closely with your RPO provider and use data analytics to gather the necessary information for accurate ROI calculations. Additionally, benchmarking your ROI against industry standards can provide valuable insights into the effectiveness of your RPO strategy.

Click here to read the full blog post to learn more about how to measure the ROI of RPO. Ready to learn more about our RPO services? Click here to set up a call with a sales agent to see how we can help you find the right talent for your open positions.

This week 360 comes together to remember the fallen on that fateful day. September 11, 2001 #neverforget

Workforce Trends Expected in 2024

In the always evolving landscape of hiring, businesses must remain agile and adapt to emerging trends to stay competitive and successful in the marketplace. As we look ahead to 2024, several workforce trends are set to shape the future of work. 

360 is here to navigate you through these trends and explore how forward-thinking companies can embrace them for enhanced productivity, employee satisfaction, and sustained growth: 

1. Remote Work and Hybrid Models – Remote work is likely to remain popular, with an emphasis on creating effective engagement strategies for remote workers. Hybrid work models, which combine in-person and remote work, are suitable for many industries and are set to gain more traction.
2. Focus on Employee Well-Being – There’s an increased focus on employee well-being, providing strategies to prevent burnout, support mental health, and offer financial wellness tools, are all becoming integral.
3. Use of New Technology – Technology plays a major role in facilitating remote work and enhancing employee engagement. For instance, augmented reality (AR) glasses and AI could see increased use in the future.
4. Diversity, Equity, and Inclusion (DEI) – By embracing DEI efforts, companies can build stronger teams and create an environment that welcomes individuals from diverse backgrounds, perspectives, and experiences.
5. Demographic Changes – The aging population is set to impact labor force participation, with the 55-and-older group predicted to have a larger share of the labor force. This demographic shift will likely lead to a slower labor force growth rate of 0.5% in 2024.
6. Sectorial Changes – Certain sectors, particularly service-providing sectors, will likely dominate job growth. Healthcare, for instance, is expected to see rapid growth due to an aging population. 

These trends reflect the ever changing needs of the modern workforce and demonstrate how employers are adapting to meet these needs. Organizations that successfully navigate these trends will likely be better equipped to retain and attract top talent, maintain high levels of employee engagement, and ensure productivity in the years to come. 

Stay tuned for upcoming newsletters where we will go more in depth to discuss the most relevant trends and tips for recruiting. 

Ready to make changes to your recruiting strategy? 360 Talent Avenue can help! Click here to set up a call with our sales agent to see how we can help you find and retain the right talent for your open positions. 

Don’t forget to vote for 360 Talent Avenue as Best of Las Vegas in the Services category. 

We are proud to be nominated in 2 subcategories: “Business Services” AND “Women-Owned Business.”

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