Recruitment Process Outsourcing Market Scope
Recruitment Process Outsourcing (RPO) is when a company transfers all or portion of its permanent recruitment to an outside provider. An RPO provider can act as an expansion of a company’s HR or Resourcing function, sitting on site with the client providing a holistic hiring solution. Recruitment process outsourcing (RPO) has become a vital, adaptable and scalable talent acquisition solution for organizations — of all sizes — designed to progress employer branding, candidate and hiring manager experience, and to make a centralized talent pipeline, in addition to meet hiring demands. RPO isn't just constrained to hiring individuals but moreover includes the management of individuals, processes, technology, and the talent acquisition procedure. RPO offers extraordinary communication experience to the candidate by giving reliable, transparent, and fair feedback that can help the organization's reputation sterling. It moreover helps in intensifying the manager brand of the organization.
The Recruitment Process Outsourcing market study is segmented, by Application (BFSI, Healthcare, Telecom, Manufacturing and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Recruitment Process Outsourcing market throughout the predicted period.
Seven Step RPO (United States), Saaki, Argus and Averil Consulting(India), Zyoin (India), Randstad Holding Company (Netherland), Pinstripe Inc. (United States), Pontoon Solutions (United States), Futurestep (United States), Accolo Inc. (United States) and Alexander Mann Solutions (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are TalentFusion (United States), The Rightthing (United States), Kelly Outsourcing and Consulting Group (United States) and Manpower Group Solutions (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Recruitment Process Outsourcing market by Type, Application and Region.
On the basis of geography, the market of Recruitment Process Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Increased Adoption of Analytics
- Upsurge in the Growth of Analytics BPO Market
- Majority of MNCs are Standardizing and Consolidating Payroll Structure
- Increasing Attrition Rate
- Increasing Number of Fresh Graduates and Post Graduates
- Increasing Adoption of Web Based Services
- Digital Transformation in the BFSI and Telecom Sector
- High Cost Process
- Lesser Growth Opportunity
- Higher Risk
- Selection of Right Candidate
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Recruitment Process Outsourcing Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.