Global Recruitment Process Outsourcing (RPO)  Market 2018-2025: Industry development trends and strategic plan for positive Growth discuss in research report

Global Recruitment Process Outsourcing (RPO) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 - 2025

ecruitment process outsourcing (RPO) refers to an outsourced service where the client organization handovers all or some of the recruitment processes to a third-party (RPO) vendor. The most significant factor fueling the market growth is the reduction in overhead costs of the client organizations. Additionally, outsourcing recruitment processes makes hiring much easier, faster and productive as compared to the traditional recruitment processes. This has made large number of companies across the world turn towards adoption of RPO in recent years. Due to rising penetration of the overall outsourcing concept, the RPO market is expected to witness strong growth in the coming years.

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Growing attrition rate across several industries is anticipated to boost the recruitment process outsourcing market over the next five years. Increasing number of post graduates and fresh graduates every year is expected to provide positive avenues to the RPO market. Additionally, employers choose recruitment process outsourcing services to focus on their core competencies and reduce recruitment costs. Advanced tools and technologies for recruitment processes are expected to play a pivotal role in determining the competitiveness of RPO service providers. Furthermore, service providers take the responsibility of hired candidates. Thus, if any candidate leaves the company in a given period of time, the provider replaces them with another candidate. Understanding the profile required by the employer and accurately mapping it with the employee’s profile is a factor that is expected to play a pivotal role in differentiating the RPO market players and help them in sustaining the fierce market competitiveness.

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Market segment by Type, the product can be split into
Candidate Research
Reporting and Audits
Hiring Manager Training
Technology Consulting
Other

Market segment by Application, Recruitment Process Outsourcing (RPO) can be split into
IT and Telecom
Education
Engineering
Service Industry
Other

RPO is popular majorly in North America and Europe where the adoption of these services dates back to early 2000’s. However, Asia Pacific is estimated to emerge as the highest growing market for RPO, in terms of revenue and adoption, in the coming years. The demand for RPO service is majorly governed by the rising number of business enterprises coupled with the need for productive recruitment. Due to strong growth across various industrial sectors in countries such as China, India and some of the Southeast Asia countries, the RPO market in Asia Pacific is expected to expand nearly fourfold by 2025.

The major players in the RPO market include Seven Step RPO, Randstad Holding Company, Argus Recruitment Solutions, Pinstripe, Inc., Accolo, Inc., Futurestep, Zyoin, Pontoon Solutions, The Rightthing, TalentFusion, Kelly Outsourcing and Consulting Group, Manpower Group Solutions, and Alexander Mann Solutions.

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