Recruitment Process Outsourcing (RPO) Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020

1. Recruitment Process Outsourcing (RPO) Market - Global Industry Analysis, Size, Share, Growth,
Trends And Forecast 2014 - 2020
This press release was originally distributed by SBWire
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.
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

2. 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.
Source : Transparency Market Research - In-depth Analysis
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