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Recruitment Process Outsourcing (RPO) Market Will Exhibit an Impressive Expansion by 2024-2031

06-21-2024 01:40 PM CET | IT, New Media & Software

Press release from: Orion Market Research

Recruitment Process Outsourcing (RPO) Market Will Exhibit

The global recruitment process outsourcing (RPO) market is anticipated to grow at a considerable CAGR of 17.3% during the forecast period. The growing need to hire a skilled workforce and retention of talent across various industries is anticipated to propel the demand for the recruitment process outsourcing market. For instance, according to the Bureau of Labor statistics, US, total nonfarm payroll employment increased by 253,000 in April 2023, compared with the average monthly gain of 290,000 over the prior 6 months. In April, employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance.

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Also, the market growth is driven by the shortage of workforce caused by the COVID-19 lockdown across regions. The government and other private players have been actively looking to fill the gap between available job vacancies and employees to overcome the requirement for a skilled workforce. For instance, in May 2020, the Adecco Group, ManpowerGroup, and Gi Group, the Indian operations of four leading global HR services companies allied to "Help India Get Back to Work Safely". The four organizations combine their knowledge and strengths in the framework of a non-commercial alliance to jointly tackle the key challenges facing the labor market following the COVID-19 pandemic. The objective of this collaboration is to minimize the negative impact of COVID-19 on the economy. Initially, the alliance will focus on companies in 7 key sectors in India - IT/ITeS, Manufacturing, Infrastructure, PHL, Consulting & Business Services, Retail, and E-Commerce and will consult with various stakeholders in the country in the coming weeks.

Global Recruitment Process Outsourcing (RPO) Market Report Segment

By Type

• On-demand RPO
• Function-based RPO
• Enterprise RPO

By Service

• On-site
• Off-site

By End-use Industries

• BFSI
• Healthcare
• Energy and Power
• Manufacturing
• IT & Telecom
• Education
• Others

A full report of Recruitment Process Outsourcing (RPO) Market available @ https://www.omrglobal.com/industry-reports/recruitment-process-outsourcing-rpo-market

Recruitment Process Outsourcing (RPO) Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Acara Solutions, Inc.Acara Solutions
• Alexander Mann Solutions
• Allegis Global Solutions Allegis Group
• Automatic Data Processing, Inc. ADP, Inc.
• Cielo, Inc.
• Hudson Global Resources (Aust) Pty Limited
• IBM Corp.
• Kelly Services, Inc.
• Motion Recruitment Partners LLC
• PeopleScout, Inc.
• Pinstripe, Inc.

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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
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Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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