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Global Recruitment Process Outsourcing (RPO) Market, Top key players Accenture, ADP, Hudson RPO, Infosys, Randstad Sourceright, Competitive Insights

02-12-2019 12:27 PM CET | Science & Education

Press release from: REPORTSANDMARKETS

Global Recruitment Process Outsourcing (RPO) Market, Top key

Global Recruitment Process Outsourcing (RPO) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025

Recruitment 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.

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 2022.

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Some of the key players operating in this market include Accenture, ADP, Hudson RPO, Infosys, Randstad Sourceright, Competitive Insights

The global recruitment process outsourcing market is highly consolidated in nature with few major players contributing to over eighty percent of the total market revenue. Some of the major players in RPO market are ManpowerGroup Solutions, Alexander Mann Solutions, Hudson Global, Randstad Holding NV, Kenexa Corporation and others. Nevertheless, these players witness significant penetration challenges due to presence of local/regional players. Most of the global RPO vendors have partnered/acquired the regional players in order to establish their presence in concerned markets. Additionally, due to increasing popularity of RPO services, more number of regional players is expected to emerge in the coming years making the market further competitive.

Key Trends

Acquisition of small and medium scale RPO vendors; partnership with regional RPO vendors
Shift towards countries/regions with major labor shortage
Offering customized and low cost solutions in order to compete with the local players
Focus on emerging economies such as India, China, Brazil, Argentina and some of the Eastern Europe countries

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Recruitment process outsourcing services are segmented based on their services and type of outsourcing. Based on their services, they are bifurcated into off-site and on-site services. On-site RPO chooses the recruitment team within the premise of the employer and provides end-to-end recruitment services. In off-site services, RPO providers are liable for the entire methodology used for hiring new employees.

Based on outsourcing, recruitment process outsourcing services are categorized in to fully outsourced and partially outsourced. Fully outsourced RPO market players are responsible for conducting the entire recruitment process. Additionally, they are responsible for document verification of the hired employee. Partially outsourced RPO providers are responsible for understanding the profile requirements for the employer and search & short list candidates for the company.

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Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.

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Sanjay Jain
Manager - Partner Relations & International Marketing
www.reportsandmarkets.com
info@reportsandmarkets.com
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