The Recruitment Process Outsourcing (RPO) market has, over the past decade, greatly benefitted from the dislocations in financial markets caused by the 2007/08 global economic crisis. While corporates lowered headcounts and stripped associated hiring costs in the depths of the crisis, a new dynamic in hiring took prominence as confidence returned to markets. The demand for talent became a business imperative.
However, with the benefits of these ‘passive’ forces now wearing thinner, RPO providers are having to think more creatively and laterally about how they continue to provide value beyond more traditional recruitment arrangements.
In our recent report, we spoke to 10 leading RPO players, along with talent acquisition technology providers and multinational corporates to find out how the RPO model has evolved and their expectations for the next few years.
Staffing Industry M&A Landscape Q3 2015Duff & Phelps
In the first nine months of 2015, 89 staffing industry M&A transactions were completed by 79 different buyers. The third quarter of 2015 generated the most staffing M&A activity since Q2 2007.
Staffing Industry M&A Landscape - October 2016Duff & Phelps
In the first nine months of 2016, 94 staffing industry M&A transactions were completed by 87 unique buyers. After a slow second quarter, staffing M&A activity reaccelerated in the third quarter of 2016 as sellers took advantage of favorable market conditions and the ample number of buyers interested in making acquisitions in the sector.
Staffing Industry M&A Landscape - July 2017Duff & Phelps
The second quarter of 2017 saw 34 staffing industry M&A transactions completed by 34 different buyers, a continuance of the strong M&A activity seen since the beginning of 2015. As the staffing industry maintains a positive operating environment across most industry sectors, an increasing number of owners are seeking to capitalize on their current strong performance by realizing value through either a sale or recapitalization transaction. Read the report for more detail on the staffing sector, transaction trends and market performance.
Business Services Hungary - 2019 (authors: György Drótos, Róbert Marciniak an...Robinson Crusoe
Written by György Drótos, Róbert Marciniak, Richárd Ránki-Kovács
Business Service Centers in Hungary in 2019 - Survey Report of HOA and HIPA and Corvinus University of Budapest
Mercer Capital's Investment Management Industry Newsletter | Q4 2018 | Focus:...Mercer Capital
Mercer Capital’s Asset Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
The spring 2017 Insight newsletter from Quantifi, discussing FRTB and whether it is strengthening market risk practices, and whether banks are prepared for the changes it will bring
Staffing Industry M&A Landscape Q3 2015Duff & Phelps
In the first nine months of 2015, 89 staffing industry M&A transactions were completed by 79 different buyers. The third quarter of 2015 generated the most staffing M&A activity since Q2 2007.
Staffing Industry M&A Landscape - October 2016Duff & Phelps
In the first nine months of 2016, 94 staffing industry M&A transactions were completed by 87 unique buyers. After a slow second quarter, staffing M&A activity reaccelerated in the third quarter of 2016 as sellers took advantage of favorable market conditions and the ample number of buyers interested in making acquisitions in the sector.
Staffing Industry M&A Landscape - July 2017Duff & Phelps
The second quarter of 2017 saw 34 staffing industry M&A transactions completed by 34 different buyers, a continuance of the strong M&A activity seen since the beginning of 2015. As the staffing industry maintains a positive operating environment across most industry sectors, an increasing number of owners are seeking to capitalize on their current strong performance by realizing value through either a sale or recapitalization transaction. Read the report for more detail on the staffing sector, transaction trends and market performance.
Business Services Hungary - 2019 (authors: György Drótos, Róbert Marciniak an...Robinson Crusoe
Written by György Drótos, Róbert Marciniak, Richárd Ránki-Kovács
Business Service Centers in Hungary in 2019 - Survey Report of HOA and HIPA and Corvinus University of Budapest
Mercer Capital's Investment Management Industry Newsletter | Q4 2018 | Focus:...Mercer Capital
Mercer Capital’s Asset Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
The spring 2017 Insight newsletter from Quantifi, discussing FRTB and whether it is strengthening market risk practices, and whether banks are prepared for the changes it will bring
Buy-Side firms are in constant need of adaption to the changing markets, Ever Increasing Regulations and increased Cost Pressures. This article highlights Emerging Technology Trends and potential for Asset Management firms to address some of the challenges through right Technology adaption
Raising external capital to drive NOC transformationEY
The coming years will be defining for NOCs as they fully embrace the need to embark on capital transformation. New capital can provide the catalyst to return the country’s finances to an equilibrium and act as an engine to drive greater economic diversity.
The State of Logistics Outsourcing; 2012 Third Party Logistics StudyDennis Wereldsma
This report presents findings
of the 2012 16th Annual Third-
Party Logistics Study, based
on research conducted in
mid-2011. In addition to documenting
the ongoing evolution
of the third-party logistics
market, this year’s report also
takes a close-up look at three
special topics:
–– The logistics of operating in
emerging markets
–– The unique challenges facing
the electronics supply chain
––For the first time in the
study’s history, the report
considers the implications of
talent in the supply chain and
in shipper-3PL relationships
Effective with this report, we
are branding each Annual 3PL
Study in terms of its first full
year of circulation following
the report’s annual October
release. Therefore, this report
constitutes the 2012 3PL Study.
There has been a 40% increase in demand for HR project leads in the interim space; candidates that have experience working across a number of client groups, and those that specialize in HR restructures and organisational change have been highly sought after.
Recruitment Process Outsourcing (RPO) in 2023: Top TrendsExela HR Solutions
Discover the top trends of Recruitment Process Outsourcing in 2023. Learn how RPO can streamline the talent acquisition process and enhance HR functions.
The 2014/2015 Contingent Workforce Trends ReportDeanna Gillen
A survey of over 310 procurement professionals indicated that procurement functions are not adequately staffed to successfully execute their transformation goals and do not operate on a strategic level within their respective organizations. The report details the journey from tactical to strategic in procurement and the consequences for all those who are unable to deliver on their transformation goals.
Buy-Side firms are in constant need of adaption to the changing markets, Ever Increasing Regulations and increased Cost Pressures. This article highlights Emerging Technology Trends and potential for Asset Management firms to address some of the challenges through right Technology adaption
Raising external capital to drive NOC transformationEY
The coming years will be defining for NOCs as they fully embrace the need to embark on capital transformation. New capital can provide the catalyst to return the country’s finances to an equilibrium and act as an engine to drive greater economic diversity.
The State of Logistics Outsourcing; 2012 Third Party Logistics StudyDennis Wereldsma
This report presents findings
of the 2012 16th Annual Third-
Party Logistics Study, based
on research conducted in
mid-2011. In addition to documenting
the ongoing evolution
of the third-party logistics
market, this year’s report also
takes a close-up look at three
special topics:
–– The logistics of operating in
emerging markets
–– The unique challenges facing
the electronics supply chain
––For the first time in the
study’s history, the report
considers the implications of
talent in the supply chain and
in shipper-3PL relationships
Effective with this report, we
are branding each Annual 3PL
Study in terms of its first full
year of circulation following
the report’s annual October
release. Therefore, this report
constitutes the 2012 3PL Study.
There has been a 40% increase in demand for HR project leads in the interim space; candidates that have experience working across a number of client groups, and those that specialize in HR restructures and organisational change have been highly sought after.
Recruitment Process Outsourcing (RPO) in 2023: Top TrendsExela HR Solutions
Discover the top trends of Recruitment Process Outsourcing in 2023. Learn how RPO can streamline the talent acquisition process and enhance HR functions.
The 2014/2015 Contingent Workforce Trends ReportDeanna Gillen
A survey of over 310 procurement professionals indicated that procurement functions are not adequately staffed to successfully execute their transformation goals and do not operate on a strategic level within their respective organizations. The report details the journey from tactical to strategic in procurement and the consequences for all those who are unable to deliver on their transformation goals.
#FIRMday London 1st November 2018 - WilsonHCG: The evolution of the talent la...Emma Mirrington
If you don’t have the right talent acquisition strategy, 2019 could be one of your most challenging years. The rapid onset of new technologies and the increasing competition for talent is forcing organisations to re-engineer their approach to talent in order to be successful.
You need the right foundations in place to develop a robust talent acquisition strategy to attract, hire and retain great people while also preparing for future changes that could affect how to recruit, particularly in competitive markets.
Join Craig Sweeney, SVP of Client Solutions at WilsonHCG, as he discusses:
• The evolution of the talent landscape and what it means for workforce development and management in 2019
• How to use advanced analytical and intelligent technology to create a more efficient and expedited recruitment process
• Best practices for delivering an optimised candidate experience while remaining compliant
• Key takeaways and stories from global companies leading inventive talent pipelining strategies
Capita - Putting innovation at the heart of RPOEmma Mirrington
What is the meaning of innovation in RPO and how can the market become more innovative? New research from Capita seeks to find out what innovation means to resourcing leaders. The research provides an in depth insight on how RPO models can be better configured to realise the benefits from innovation.
Research participants included HR directors and resourcing leaders from large enterprises, with the likes of Arup, BSkyB, The Cooperative Banking Group, Lockheed Martin, TalkTalk, Thales and Virgin Money, among others.
Most of the respondents felt that the sector needed to improve on how it engages with candidates and hiring managers, and improve its capabilities around candidate sourcing. There was a strong sense of a need for research-led RPO, which could help improve conversations with active and passive candidates as well as boost the development of talent pipelines and pools.
Some respondents reflected challenges back on themselves; for instance, respondents linked several shortfalls to their organisations’ tendency to contract on cost alone, a failure to challenge how resourcing was perceived as a business discipline within their own organisation, and a lack of both focus and investment in workforce planning and talent management.
The Innovation in RPO white paper proves to be an interesting and upfront read. Its frank and honest view of the state of RPO comes with recommendations for driving positive change.
2. Introduction
2
Recruitment Process Outsourcing (RPO) has been
gaining remarkable traction over the last two decades,
as companies have sought to balance their needs to
recruit talent whilst also managing costs.
More recently, there has been a proliferation of technology tools
addressing different steps in the talent acquisition process, which
could both facilitate and disrupt the market.
We talked to ten leading RPO players, several talent acquisition
technology providers, and a number of multinational corporates to
understand how the RPO model has evolved and their
expectations for the next few years.
Sources and references
1 Key RPO services used – Korn Ferry, The Talent Forecast, 2017
2 US churn rates – Compensation Force
Market intelligence – Grant Thornton research and interviews
Introduction