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Desire to Focus on Core Competencies by Companies Propels Global Recruitment Process Outsourcing (RPO) Market

Press Release   •   Jun 07, 2017 06:38 EDT

MarketResearchReports.biz has added the report, titled, “Global Recruitment Process Outsourcing (RPO) Market Size, Status, and Forecast 2022” to their offering. The report throws light on the market for recruitment process outsourcing (RPO), which is a type of business process outsourcing (BPO) where an employer transfers some or all of the recruitment process to a third party service provider. To do so it studies the size of the market by factoring in revenues, provides a qualitative analysis of the growth drivers and restraints, and also leverages historical and current data to gauge its future.

Recruitment process outsourcing services is a tool that companies across various industries are increasingly using these days to arrest attrition. It also frees up resources for companies that can be used to focus better on core competencies and enables business entities to slash costs. The aforementioned factors, along with the ever-increasing number of fresh graduates and post graduates scouting for jobs has provided a major fillip to the global market for recruitment process outsourcing (RPO).

Additionally, the growing uptake of cloud and web-based services and software solutions has made it possible to streamline recruitment process outsourcing (RPO), which in turn, has further catalyzed market growth. The soaring popularity of this trend has also generated robust opportunities for aspiring players wanting a share of the growing RPO pie.

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Posing a challenge to the players operating in the global market for recruitment process outsourcing (RPO) is the difficulty in understanding the exact profile required by the employer and coming with a customized process to suit the employer’s needs.

In order to study the market for recruitment process outsourcing (RPO), the report segments it based on different parameters. Depending upon type, for example, it segments the market into blended RPO and MCRPO. Among the two, the blended RPO, which is a mix of both temporary and permanent processes, holds a leading share in the market. Blended RPO accords different strategic financial and business benefits. Based on end users again, it classifies the market into enterprise, public utilities, and personal, among others.

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Geographically, the main segments of the global market for recruitment process outsourcing (RPO) are Southeast Asia, the U.S., the EU, India, Japan, and China. Among them, the U.S. is a dominant market on account of a large number of savvy companies in the region keen on reducing costs and improving compliance by leveraging latest cutting-edge technology.

Some of the key players operating in the global market for recruitment process outsourcing (RPO), listed in the report are ManpowerGroup, IBM, Ranstand Sourceright, Infosys, Aon Hewitt, RightThing, PeopleScout, Futurestep, KellyOCG, Hudson, Allegis Talent2, Pontoon Solutions, Kenexa, AlexanderMann Solutions, and Hays.

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