A Comprehensive Guide to Understanding On-Demand Recruiting Services

Introduction: – Need for Business Agility and on demand workforce as a competitive advantage 

Organizations need to adopt agile ways of working to navigate the dynamism in business and macroeconomics. 

Highly successful agile transformations typically delivered around 30% gains in efficiency, customer satisfaction, employee engagement, and operational performance.

Talent is a natural extension of the business scenario, hence it is important for agility to reflect not only in business processes, but in HR processes too. An agile talent model shall help enterprises meet the ongoing business needs by adapting to change. 

91% of recruiting pros say they’re focused on being agile to adapt to hiring needs.

What is an On-Demand Recruiting Service (ODRS)?

An On-Demand Recruiting Service (ODRS) is a flexible, technology-based talent acquisition solution that helps companies fill hiring needs quickly and cost-effectively. It works on the concept of on demand workforce i.e. workforce that is available to hire in various formats as per the business need. These formats may vary, from fractional CXOs, project consultants, subject matter experts and advisors, domain experts, short term talent, interim talent, gig talent, apprentices, returnships, to general freelancers. 

An ODRS acts as a talent aggregator and matches companies’ talent needs to available on demand talent. Often, this is enabled through the latest technology – a tech platform that converges both talent and enterprises and helps find the “ideal match”. On demand recruiting services may also take the form of human-led services, such as on demand recruiters. These are recruiters who are hired by the hour or by project, to support specific hiring needs, instead of a standard “percentage fee” paid to a traditional recruiter. With ODRS, companies can avail the full-fledged services of talent search and talent selection with the following advantages: 

•  Quality of talent: Easy and fast access to talent who is otherwise difficult to find and hire in traditional hiring setups. For example, seasoned fractional CXOs who are making themselves available as on demand talent, to be able to make a larger difference. DEI hiring is another example.
• Agility: When businesses face ups and downs, accordingly the hiring has to adapt and be ramped up or ramped down. A case in point is, setting up Ninja teams to meet the workforce needs for specific business scenarios.
• Fast scale-up: For high growth businesses, fast scaling up of talent needs with easy and quick access to a diverse, global and boundaryless talent pool, as per the business needs.
  
•  Flexibility: Flexible work formats that suit the needs of both employer and talent, and offer a cost advantage by hiring senior, mature talent at optimal costs.
• Tech-enabled hiring decisions: Platform-led, tech-enabled (often with AI) convergence of talent and business needs means that hiring decisions are data-backed and enable the “right fit” on diverse parameters, leading to better chances of talent success.
• Cost advantage: Hiring on demand without the commitment of long-term contracts or traditional staffing agency fees unleashes adds in to better efficiency.

These are only some of the many benefits to unlock with an ODRS. 

Why opt for an on demand recruiting service? 

Companies are finding it increasingly difficult to hire, engage and retain desired talent in view of the macroeconomic uncertainty and changing socioeconomic fabric. 

Over 3 in 4 organizations have had difficulty recruiting for full-time regular positions while nearly half have had difficulties retaining full-time regular employees in the last 12 months.

47% of HR professionals say it has been somewhat or much more difficult for their organization to recruit for these positions compared to one year ago .

To sustain, businesses need to shift away from traditional workforce and traditional hiring methodologies towards an agile talent model like an on demand workforce strategy. However, this is not easy and challenges include – difficulty to find talent, high costs of niche and senior talent,  inadequate talent aggregation leading to limited access, inadequate assessments leading to wrong hiring, and tedious labour management tasks like talent operations, legal and compliance. An ODRS can offer many benefits, serving as the one stop solution to address these issues, and adopt an agile talent strategy. 

Who should opt for On-demand recruiting services? 

Companies that are in a state of flux, growth, scaleup, and change can especially benefit from an ODRS. Honestly, these dynamic scenarios have become business as usual, making agility and resilience an ongoing skill for success. So, on demand recruiting can help any enterprise who wishes to stay relevant and be future-ready. This is because, an on demand recruiting service provides a “here and now” advantage – engaging with an ODRS as and when needed without a long term commitment, can aid both efficiency and effectiveness of talent acquisition and talent management. 

How does an On Demand Recruiting Service work?

A typical engagement with an ODRS proceeds as follows: 

•     Engage with ODRS: Consult these talent experts and assess the hiring needs and talent needs, arrive at the “ideal workforce blend” and subsequent hiring needs suited to the business, including the number and type of talent and their work formats. 
•     Assign the service: Initiate platform-led hiring or recruiter-led hiring, or a blend of both.
•     Sourcing-Assessment-Shortlisting: Use hiring technologies, AI, and human skills to Source-Screen-Shortlist talent as per the defined hiring need. AI-led assessments are enabled on various fronts like skill-role-fit-location-type of engagement, and culture to ensure the “right fit” hire by generating a rank-ordered shortlist of the right talent match. 
•     Hiring Decision: Human intervention in the form of candidate engagement and deeper assessment (such as interviews) to arrive at the final hiring decisions.
•     Onboarding: Human touch to provide a great candidate experience and ensure hires are set up for success at the outset. 
•     Disengage or continue association with ODRS, as per the client choice and need. 

 Solvecube’s USP as an “On-Demand Recruiting Services” Provider

Solvecube offers an ideal blend of tech and touch to set up, implement, and manage an on demand workforce strategy for organizations:

•     Tech expertise: Talent Platform as a one-stop-shop for on demand hiring needs

The Solvecube edge lies in its platform, with its dynamic talent aggregation capabilities based on Artificial Intelligence and other emerging technology. This helps gain quick and easy access to a global, multi-domain, multi-industry, senior level mature talent. 

Gain talent access to an on demand talent pool of 20,000+ and an aggregated talent pool of 580+ million! 

Companies can take effective, data-backed hiring decisions, thanks to the AI-powered hiring processes such as Sourcing, Shortlisting and Selection. Moreover, this talent is available in many business-centric, flexible contracting formats like Recruiter on demand (RoD), Experts on Demand, Strategic Growth Partners, and others. Because managing such varied talent contracts may pose an operational challenge to companies, the platform eases this logistical hassle with its contract management functionality. 

•     Human experience: Retaining the human touch for an engaging experience

Solvecube’s experienced founding team recognizes that AI can only intervene in some aspects of talent acquisition, but human touch is critical to hiring success. Hence, RMs and RoDs are made available as a hiring and onboarding service, to help clients retain the “human touch” and deliver a great candidate experience. Solvecube also offers Strategic Advisory services to help clients formulate their people strategy and the blended workforce strategy (as needed). 

Closing Lines

Selecting an On Demand Recruiting Service is a business-forward decision. Leaders must first assess their business needs and define what business benefits they can achieve from an on demand recruiting service. It is important not to jump onto the AI bandwagon for the sake of trends, but to take an informed decision, with the help of experts in the field. Solvecube hand-holds enterprises in this journey of on demand workforce, right from concept to creation, making the on demand workforce strategy a breeze.