Recruitment Process Outsourcing Market Growth, Trends, Key Opportunity and Value Chain 2019-2027

Recruitment Process Outsourcing Market to 2027 by Type (Technical Staff, Sales & Marketing, Office / Admin Support, & Others) and Industry (Manufacturing, Construction, Retail, IT, Hospitality, BFSI, Oil & Gas, Telecom, & Others); and Geography.

The Recruitment Process Outsourcing (RPO) is an extension of human resource function of any organization which facilitates staffing services to an employer and also take full responsibility of designing and managing the entire recruitment process as well as the outcomes of the whole activity. Recruitment Process Outsourcing solutions aim at optimizing the entire recruitment process through streamlining of company operations/processes and focusing on long-term business strategy. All this planning reduces both cost and time for the employer.

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The popularity of recruitment process outsourcing solutions is growing mainly due to the demand for customizable talent acquisition solution by employers. In today’s outsourcing scenario, employer is not only looking at simple hiring solutions, but they want customized solutions based on specific hiring demands to improve employer branding and candidate/hiring personnel experience. The trend of RPO is growing across the world with its benefits for both RPO providers and employers.

Recruitment Process Outsourcing provider acts as an extension of the HR function in a company and helps in reducing the time and cost required for hiring new talent. Recruitment Process Outsourcing service provider offers necessary expertise, advanced technology and techniques to provide a complete and holistic hiring solution. They offer services on-site, off-site, combinations of on and off-site across countries which gives a lot of flexibility and options to the employers.

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Recruitment Process Outsourcing solutions aim at optimizing the entire recruitment process through streamlining of company operations/processes and focusing on long-term business strategy. All this planning reduces both cost and time for the employer. Traditional hiring agencies focus only on filling the positions quickly, and they do not consider long term implications which results in higher costs. Traditional agencies also do not take responsibility for final results or quality of hiring.

Asia Pacific region possess the most attractive region in the global recruitment process outsourcing market during the forecast period from 2019 – 2027. The region is experiencing substantial growth in number of industries, demanding large number of workforce and also the trend of outsourcing the recruitment process is initiated among various industries which is propelling the growth of recruitment process outsourcing in Asia Pacific region. Europe accounts for the second largest market in the global recruitment process outsourcing market and also is estimated to be the second most attractive region in the market during the forecast period. The enormous spending from the companies towards employment with an objective to boost their businesses in the region is fueling the growth of recruitment process outsourcing company counts. Also, the region experiences migration of European population among countries for job opportunities, which also demands recruitment process outsourcing companies, and this factor is bolstering the market in the region.

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The major companies operating in the recruitment process outsourcing market includes Seven Step RPO, Kites Consulting, Randstad Sourceright, Manpower Group Solutions, Alexander Mann, Adam Recruitment, Proven SA, Talent Hunters, TASC Outsourcing, and Ajeets Management & Manpower Consultancy among others.

The report segments the global recruitment process outsourcing market as follows:

1.1.1 Global Recruitment Process Outsourcing Market – By Type
Technical Staff
Sales & Marketing
Office / Admin Support
Other

1.1.2 Global Recruitment Process Outsourcing Market – By Industry
Manufacturing
Construction
Retail
IT
Hospitality
BFSI
Oil & Gas
Telecom
Others

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