Corporate Assessment Services Market is expected to reach US$ 4.69 Bn in 2027

Corporate assessment services assist the organizations in identifying, hiring, and developing the best-fit talent for a given profile. With the growing focus towards hiring the perfect fit for a job role and efficiency in managing the recruitment process, companies are shifting towards corporate assessment services. The traditional assessment process is time-consuming and involves high costs, and the corporate assessment tools assist the organizations in efficiently managing the recruitment process and reading the time and cost associated with it. In the current competitive environment, companies are using corporate assessment tools to effectively engage and recruit and retain experienced professionals to achieve a competitive advantage over other companies.

The rate of unemployment has been high in the past. However, it has decreased in the recent years due to the rising number of young jobseekers and growing economic growth of various countries in APAC, including India and China. The developments in youth labor markets in North America, Sub-Saharan Africa, and Europe have attracted more talent toward these regions, which led to the increase in employment rate during 2010-2016. Strong internet infrastructure in various regions has enabled applicants to search for jobs in various industries anytime and anywhere. The robust internet infrastructure providing an online platform for hiring process is also benefitting the employers looking for potential candidates from different areas of the world

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Companies Mentioned:

o AON Plc
o Arctic Shores Limited
o Aspiring Minds
o Birkman International, Inc.
o Development Dimensions International, Inc.
o HireVue
o IBM Corporation
o Korn Ferry
o Mettl Online Assessment
o SHL

A rising number of young jobseekers is one of the substantial factors boosting the adoption of corporate assessment services as this rise is compelling organizations to conduct the process of recruitment with the assistance of tools such as cognitive, personality, language proficiency tools, and so on. They can also access online platforms for assessing tests along with figuring out new forms of work in several industries, which can provide flexibility to them while searching a job.

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Reasons to Buy

o Save and reduce time on entry-level research by identifying the growth, size, leading players and segments in the global Corporate Assessment Services Market
o Highlighted key business priorities aim to assist companies in realigning their business strategies through optimal decisions.
o The key findings and recommendations shed light on progressive industry trends in the Corporate Assessment Services Market, allowing players to develop effective long term strategies.
o Develop/modify business expansion plans by observing growth prospects in the developed as well as emerging markets.
o Scrutinize in-depth global market trends and outlook combined with the driving and restraining factors active in the market.
o Enhance the decision-making process through strategies involving commercial interest for products, segmentation, and industry verticals.

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This release was published on openPR.