Global Recruitment Process Outsourcing (RPO) Market Analysis, Growth, Trends And Forecast by 2020|Transparency Market Research

Recruitment process outsourcing (RPO) is a segment of business process outsourcing (BPO). It is also known as employment process outsourcing. Under RPO, a company (employer) outsources its recruitment process or processes therein to a third party service provider. Recruitment process outsourcing services are beneficial for the employers who lack internal resources essential for hiring top talent to help the employer thrive in the marketplace.

Additionally, recent trend across the industry, driven by strategic requirements, is that the employers opt for recruitment process outsourcing services to focus on their core competencies and reduce cost. Companies that offer recruitment process outsourcing services are responsible for performing tasks such as vacancy monitoring, job posting, candidate/resume searching, application tracking, resume screening, resume processing, resume marketing, candidate screening/short listing, finding skilled recruiters and maintain database.

Browse the full Report at:http://www.transparencymarketresearch.com/recruitment-process-outsourcing.html

Recruitment process outsourcing market is primarily driven by the increasing attrition rate across several industries. Moreover, the demand for such services is boosted by rising number of fresh graduates and post graduates every year. In addition, the implementation of software solutions, cloud and web based services has helped to streamline the recruitment process which supports the growth of the market and provides opportunities for new players to enter the recruitment process outsourcing market. However, the major challenge for such service providers is to understand the profile desired by the employer and be able to adapt the process to their standards. This challenge is overcome with proper coordination between the service provider and the employer. The employer has to specify its requirements to the RPO prior to initiation of the recruitment process.

RPO services are categorized under two major categories namely, on-site and off-site RPO services. Under the on-site RPOS service, a recruitment team is designated within the premise of the employer and offers end-to-end recruitment services to the employer. In this model the RPO provider has access to the internal technology and the hiring managers. In off-site RPO services, the employers contact the RPO providers and then they are responsible for the entire technology, methodology and reporting used for recruiting new employees. Owing to the rising globalizations globalization, the off-site RPO services is expected to dominate the market over the coming years.

On the basis of type of outsourcing, RPO services are classified as fully outsourced and partially outsourced. In fully outsourced RPO service, the RPO providers are responsible for the entire process i.e. from understanding the employer’s requirement to the on-boarding of the candidate. Additionally, in fully outsourced RPO services, RPO providers also responsible for conducting document verification and medical fitness check of the candidates. In partial RPO services, the RPO providers understand the requirements, search candidates, shortlist candidates and provide a final list of eligible candidates to the employer. The type of RPO service chosen depends upon the requirements and the availability of resources with the employers. The cost involved in partial RPO services is less as compared to fully outsourced RPO services.

On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific and Rest o the World. Asia Pacific is the potential market for RPO services due to the increasing number of small and medium sized organizations in these regions. In addition, large multinational organizations are expanding their business in these geographies. As a result, the demand for RPO services is expected to increase in these regions.

The recruitment process outsourcing market include players such as Argus Recruitment Solutions, Seven Step RPO, Randstad Holding Company, Zyoin, Pontoon Solutions, Pinstripe, Inc., Accolo, Inc., Futurestep, The Rightthing, Alexander Mann Solutions, TalentFusion, Kelly Outsourcing and Consulting Group, and Manpower Group Solutions.

Get Free Sample Report:http://www.transparencymarketresearch.com/sample/sample.php?flag=b&rep_id=3664

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America

Asia Pacific

Europe

Rest of the World

This report provides comprehensive analysis of

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

It provides distinctive graphics and exemplified SWOT analysis of major market segments

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Nachiket Ghumare

90 State Street Suite 700

Albany NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com