RPO is a segment of
HR outsourcing, which consists of subcontracting the recruitment processes of
an organization to a third-party vendor that has expertise in required domains.
These service providers act as a company’s internal recruitment entity, which handles
all or part of recruitment activities such as sourcing, screening, selection,
on-boarding, and training. An effective RPO arrangement includes a standardized
recruiting process, platforms for workforce planning, applicant tracking, and
workflow. It helps client firms increase their operational efficiency,
concentrate on their core competencies, reduce time to market, obtain access to
fresh talent and experience along with latest technologies, and build an
organization with an economical cost structure in the long run.
Analysts forecast
the Global Recruitment
Process Outsourcing market will
grow at a CAGR of 8.81 percent over the period 2013-2018.
The report
recognizes the following companies as the key players in the Global Recruitment
Process Outsourcing (RPO) Market: ManpowerGroup, IBM Corp., Randstad
Sourceright and The RightThing.
Other Prominent
Vendors in the market are: AlexanderMann Solutions, AllegisTalent2, Aon Hewitt,
Futurestep, Hays Plc, Hudson, Infosys, Kelly, Kenexa, PeopleScout, Pinstripe
and Ochre House and Pontoon Solutions.
The emergence of
offshore location services in RPO is the rising trend in the market. The
offshore location service has become the preferred option among RPO providers
because of the advantage of the time difference and labor arbitrage.
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Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Recruitment Process
Outsourcing market for the period 2014-2018. The Global Recruitment Process
Outsourcing market is categorized into two main segments: Blended RPO and
MCRPO. The report covers the Americas, the EMEA and APAC regions; it also
covers Global Recruitment Process Outsourcing market landscape and its growth
prospects in the coming years.
Global Recruitment
Process Outsourcing Market 2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry experts. It covers the market
landscape and its growth prospects in the coming years. The report also
includes a detailed discussion of the key vendors operating in this market and
their market shares.
According to the
report, one of the major factors driving the growth in this market is the
cost-effectiveness of outsourcing services. RPO providers are now shifting
beyond the back-office to guide the client in selection for the right talent
through sophisticated methods such as benchmarking, best practices, and process
improvement.
Further, the report
states that the dependency on third-party providers for handling the
recruitment process is one of the major challenges faced by the market.
Outsourcing could result in loss of control as the outsourced agency may change
the rules of business by making excessive demands. Such actions are likely to
lead to high levels of dissatisfaction among organizations.
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