Press release
South East Asia RPO Market : Evolving Technology, Trends and Industry Analysis
RPO providing companies work as an extension to the human resource department of the client organization and manage the recruitment process depending upon the requirements of the client.
The market for recruitment process outsourcing (RPO) in Southeast Asia is majorly driven by high advantages offered by these solutions over conventional in-house recruitment processes. The most significant advantage of outsourcing the recruitment processes is the reduction in operational costs.
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The market for recruitment process outsourcing in Southeast Asia is also driven by the rapidly growing economic development in the region. Countries such as Philippines, Vietnam and Indonesia have emerged as among the most lucrative destinations for different industries such as manufacturing; healthcare and pharmaceuticals; information technology (IT); IT enabled services (ITeS) and others.
The recruitment process outsourcing (RPO) market in Southeast Asia is segmented on the basis of engagement type, end-use industries and geographic regions. Based on the engagement type, the RPO market is further segmented into on-demand RPO and end-to-end RPO. Amongst these engagement types, the on-demand RPO segment led the Southeast Asia market with highest revenue share in 2013. This was mainly due to superior advantages of on-demand RPO engagement type as compared to the end-to-end RPO type.
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In 2013, the Rest of Southeast Asia (RoSEA) accounted for the largest market share of around 78% of the Southeast Asia recruitment process outsourcing (RPO) market. This growth was attributed to fairly high adoption of these services in Malaysia and Singapore.
The major companies in the Southeast Asia recruitment process outsourcing (RPO) market include Kenexa Corporation (an IBM Corporation Company), Randstad Holding Company, Accolo, Inc., Atterro Human Capital Group, Kelly Outsourcing and Consulting Group, Cielo, Inc. (Pinstripe, Inc.), ManpowerGroup Solutions, Pure Recruitment, Argus Recruitment Solutions, Pontoon Solutions, Zyoin Web Pvt. Ltd., Futurestep (a Korn Ferry Company), TalentFusion, Inc., Alexander Mann Solutions and Hudson Global, Inc.
The RPO market in Southeast Asia is highly consolidated with major players in the market accounting for over 80% of the total market revenue. Major players such as ManpowerGroup Solutions, Hudson Global, Inc., Kelly Outsourcing and Consulting Group and others focus on targeting international organizations penetrating in the region.
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MarketResearchReports.Biz presents this most up-to-date research on "Recruitment Process Outsourcing (RPO) (On-demand RPO and End-to-end RPO) Market - Southeast Asia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020"
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The RPO solutions primarily include screening of…
