With
business structures becoming more complex, enterprises are
increasingly outsourcing their recruitment process to instead focus
on their core competencies. In a new report, titled “Recruitment
Process Outsourcing (RPO) Market - Global Industry Analysis,
Size, Share, Growth, Trends And Forecast 2014 – 2020,”
Transparency Market Research studies the various factors that have
been encouraging businesses around the world to opt for recruitment
process outsourcing.
Recruitment
process outsourcing (RPO), also known as employment process
outsourcing, is an important segment of business process outsourcing
(BPO). Under RPO, companies or employers outsource their recruitment
operations to a third party service provider. This outsourcing
service is considered beneficial for enterprises, particularly those
lacking internal resources essential for hiring new talent. The
process has been designed to help small and medium-sized companies
stay competitive in the market.
Companies
offering recruitment process services take the responsibility of
performing tasks such as job posting, vacancy monitoring, application
tracking, candidate/resume searching, resume processing, candidate
screening/shortlisting, maintaining database, and finding skilled
recruiters.
The
increasing attrition rate across industries has been the primary
factor fuelling demand from the recruitment process outsourcing
market. The rising number of fresh graduates and postgraduates every
year also has been positively impacting the market. Consolidating the
required talent is often considered a tough job for companies that
might lack certain resources and software solutions required to
acquire the desired human resources. Services offering RPO prove
helpful in such scenarios, since they enable the companies to
streamline their recruitment process and also provide opportunities
for new players to enter the recruitment process market.
Get
Free Sample Report Copy :
However,
the major challenge faced by companies offering RPO services is
understanding the desired profile and being able to deliver results
as per the expected standard. To overcome this challenge, the third
party service providers must coordinate with the employers to
understand their expectations.
The
report provides a comprehensive overview of the global RPO market,
estimating the value of the various segments of the market. RPO
services available in the market are majorly classified into on-site
and off-site RPO services. Based on type of outsourcing, the RPO
services market is segmented into partially outsourced or fully
outsourced RPO. In the fully outsourced RPO services, the services
providers take the full responsibility of the entire process,
starting from understanding the specific requirements of the
employers to the onboarding of the candidate.
Regionally,
the global recruitment process outsourcing market is segmented into
Asia Pacific, Europe, North America, and Rest of the World. Asia
Pacific exhibits the maximum potential for the growth of the RPO
services market due to the rapid proliferation of small and
medium-sized organizations in the region.
To
study the prevailing competitive landscape, the report also profiles
companies such as Seven Step RPO, Argus Recruitment Solutions, Zyoin,
Randstad Holding Company, Futurestep, and others.
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 insight for thousands of 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,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
No comments:
Post a Comment