Global Recruitment Process Outsourcing Market is valued approximately USD XXX Billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Recruitment process outsourcing (RPO) is referred as business model where a company outsources the management of the recruitment function to a third-party expert to drive quality, service, efficiency and scalability benefits. The RPO are the providers act as an extension of a company’s HR or resourcing function, sitting on site with the client providing a holistic hiring solution. Additionally, RPO enables necessary technology, staff and methodology which is needed to fulfill a client’s recruitment requirement. The RPO saves additional timing and cost of an organization indulged in recruitment of personnel within an organization, due to such factors recruitment process outsourcing is expected to grow over the forecast years. For instance: as per Hudson RPO, RPO can reduce time to hire by 40 percent and deliver cost savings of more than 50 percent. Moreover, the increasing adoption of cloud and web-based services and software solutions are the factors propelling the growth of market over the forecast years. However, hidden cost associated with RPO is expected to hamper the growth of market over the forthcoming period.
The regional analysis of global Recruitment Process Outsourcing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth in adoption of cloud and web-based services & software solutions across the region for recruitment process. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such rising growth in newly graduated and post-graduate students population in the region would create lucrative growth prospects for the Recruitment Process Outsourcing market across Asia-Pacific region.
Major market player included in this report are:
Automatic Data Processing, Inc.
Alexander Mann Solutions
AMN Healthcare Services, Inc.
Deloitte Touche Tohmatsu Ltd.
Hudson Global Inc.
International Business Machines Corp.
KPMG International Cooperative
Randstad Sourceright EMEA BV
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Multi-country Recruitment Process Outsourcing (MCRPO)
Blended Recruitment process outsourcing (BRPO)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Recruitment Process Outsourcing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers