Global Recruitment Process Outsourcing Market 2017-2021

  • ID: 4070533
  • Report
  • Region: Global
  • 65 pages
  • TechNavio
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FEATURED COMPANIES

  • Accenture
  • Alexander Mann Solutions
  • Futurestep
  • Hudson
  • Infosys
  • ManpowerGroup
  • MORE
RPO is a sub-segment of the human resource outsourcing (HRO) market, in which recruitment processes are outsourced to external or third-party service providers. External service providers manage end-to-end or partial recruitment process of HR department. Many vendors in the market also provide RPO consulting services along with outsourcing services.

The analysts forecast the global recruitment process outsourcing market to grow at a CAGR of 17.66% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global recruitment process outsourcing market for 2017-2021. To calculate the market size, the report considers the revenue generated by the RPO solution and service vendors.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Recruitment Process Outsourcing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ADP
- IBM
- ManpowerGroup
- Randstad Sourceright

Other prominent vendors
- Accenture
- Alexander Mann Solutions
- Allegis Global Solutions
- Futurestep
- Hays
- Hudson
- Infosys
- KellyOCG
- Pontoon Solutions

Market drivers
- Emergence of nearshore outsourcing destinations.
- For a full, detailed list, view the full report

Market challenges
- Concerns regarding security and quality of service.
- For a full, detailed list, view the full report

Market trends
- Rise of multi-country and centralized outsourcing models.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accenture
  • Alexander Mann Solutions
  • Futurestep
  • Hudson
  • Infosys
  • ManpowerGroup
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
  • Market overview
  • Countries covered
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by services
  • Global RPO market by services
Part 07: Market segmentation by end-user
  • Global RPO market by end-user
  • BFSI
  • Manufacturing
  • Energy
  • Services
  • Healthcare
  • Telecom
Part 08: Geographical segmentation
  • Global RPO market by geography
  • Americas
  • EMEA
  • APAC
Part 09: Market drivers
  • Increased usage of neo-sourcing
  • Emergence of nearshore outsourcing destinations
  • Moving up HR value chain and compliance
Part 10: Impact of drivers

Part 11: Market challenges
  • Concerns regarding security and quality of service
  • High attrition rate in BPO industry
  • Shortage of domain expertise
  • Changing labor laws and regulations
Part 12: Impact of drivers and challenges

Part 13: Market trends
  • Advent of artificial intelligence in recruitment processes
  • Evolution of BPaaS
  • Increased adoption of recruitment analytics
  • Use of automation in BPO solutions
  • Rise of multi-country and centralized outsourcing models
Part 14: Vendor landscape
  • Competitive scenario
Part 15: Key vendor profile
  • ADP
  • IBM
  • ManpowerGroup
  • Randstad Sourceright
  • Other prominent vendors
Part 16: Appendix
  • List of abbreviations
Part 17: About the Author

List of Exhibits

Exhibit 01: Regions covered for market analysis
Exhibit 02: Product offerings
Exhibit 03: Next-generation HRO architecture
Exhibit 04: BPO and HRO services features
Exhibit 05: Global RPO market 2016-2021 ($ billions)
Exhibit 06: Technavio RPO deals analysis
Exhibit 07: Five forces analysis
Exhibit 08: Global RPO market by services 2016
Exhibit 09: Global RPO market by end-user 2016
Exhibit 10: Global RPO market by geography 2016
Exhibit 11: RPO market in Americas 2016-2021 ($ billions)
Exhibit 12: RPO market in EMEA 2016-2021 ($ billions)
Exhibit 13: RPO market in APAC 2016-2021 ($ billions)
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers
Exhibit 16: Impact of drivers and challenges
Exhibit 17: Cost comparison of RPA robots to back-office worker’s salary 2015
Exhibit 18: RPO specific drivers and challenges
Exhibit 19: Competitive factors for vendors to generate high revenues
Exhibit 20: Other prominent vendors
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FEATURED COMPANIES

  • Accenture
  • Alexander Mann Solutions
  • Futurestep
  • Hudson
  • Infosys
  • ManpowerGroup
  • MORE
New Report Released: - Global Recruitment Process Outsourcing Market 2017-2021

The author of the report recognizes the following companies as the key players in the global recruitment process outsourcing market: ADP, IBM, ManpowerGroup, and Randstad Sourceright.

Other Prominent Vendors in the market are: Accenture, Alexander Mann Solutions, Allegis Global Solutions, Futurestep, Hays, Hudson, Infosys, KellyOCG, and Pontoon Solutions.

Commenting on the report, an analyst from the research team said: “One trend in market is advent of artificial intelligence in recruitment processes. Application of artificial intelligence (AI) technology to recruitment process helps recruiter to identify best candidates. AI tools, with application tracking systems, help the organizations to simplify the recruitment process. AI researchers are continuously developing innovative tools that can streamline the end-to-end recruitment process. Start-up firms are mainly developing AI solutions for the recruitment process. For instance, Connectifier Search, a product developed by start-up firm Connectifier, uses machine learning AI technology to identify the best suitable candidates from online sources. Connectifier was acquired by LinkedIn in February. This acquisition clearly indicates that recruitment firms are heading toward the next-generation technologies to smoothen the recruitment process.”

According to the report, one driver in market is increased usage of neo-sourcing. Many companies are trying to integrate business with technology solutions to reduce costs and improve productivity and innovation. The integration of IT outsourcing and BPO, termed as neo-sourcing, is an evolution of BPO models offered by outsourcing companies. Neo-sourcing is the combined management of back-office operations and technology for process reengineering, which would result in business transformation and optimization. Benefits of this technology include process optimization, cost reduction, access to the best global practices, improved productivity, increased employee morale, and reduced cycle time.

Further, the report states that one challenge in market is high attrition rate in BPO industry. The high attrition rate is one of the major challenges for both BPO and RPO markets. BPOs incur high costs in training their employees, and the high attrition rates make maximum ROI difficult. Work pressure, monotonous work, other career opportunities, and organizational culture are the top reasons behind the increased attrition rate in the BPO industry. Different industry verticals like the BFSI, healthcare, and telecom need to retain their talent to deliver high-quality BPO services in the healthcare sector with minimum possible errors. The attrition rates in BPO firms incur cost to organizations that can be saved through standard HR policies. The attrition rate in the BPO industry varies with industry verticals. In 2016, the attrition rate in the Indian BPO industry was between 28% and 45%.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ADP
  • IBM
  • ManpowerGroup
  • Randstad Sourceright
  • Accenture
  • Alexander Mann Solutions
  • Allegis Global Solutions
  • Futurestep
  • Hays
  • Hudson
  • Infosys
  • KellyOCG
  • Pontoon Solutions
Note: Product cover images may vary from those shown
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