DUBLIN, Oct. 14, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Recruitment Process Outsourcing (RPO) Market 2014-2018" report to their offering.
RPO is a segment of HR outsourcing, which consists of subcontracting the recruitment processes of an organization to a third-party vendor that has expertise in required domains. These service providers act as a company's internal recruitment entity, which handles all or part of recruitment activities such as sourcing, screening, selection, on-boarding, and training.
An effective RPO arrangement includes a standardized recruiting process, platforms for workforce planning, applicant tracking, and workflow. It helps client firms increase their operational efficiency, concentrate on their core competencies, reduce time to market, obtain access to fresh talent and experience along with latest technologies, and build an organization with an economical cost structure in the long run.
The analysts forecast the Global Recruitment Process Outsourcing market will grow at a CAGR of 8.81 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Recruitment Process Outsourcing market for the period 2014-2018. The Global Recruitment Process Outsourcing market is categorized into two main segments: Blended RPO and MCRPO. The report covers the Americas, the EMEA and APAC regions; it also covers Global Recruitment Process Outsourcing market landscape and its growth prospects in the coming years.
The report, Global Recruitment Process Outsourcing Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a detailed discussion of the key vendors operating in this market and their market shares.
The emergence of offshore location services in RPO is the rising trend in the market. The offshore location service has become the preferred option among RPO providers because of the advantage of the time difference and labor arbitrage.
According to the report, one of the major factors driving the growth in this market is the cost-effectiveness of outsourcing services. RPO providers are now shifting beyond the back-office to guide the client in selection for the right talent through sophisticated methods such as benchmarking, best practices, and process improvement.
Further, the report states that the dependency on third-party providers for handling the recruitment process is one of the major challenges faced by the market. Outsourcing could result in loss of control as the outsourced agency may change the rules of business by making excessive demands. Such actions are likely to lead to high levels of dissatisfaction among organizations.
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.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Category
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
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- Aon Hewitt
- Pinstripe and Ochre House
- Pontoon Solutions
- Ranstand Sourceright
- The RightThing
For more information visit http://www.researchandmarkets.com/research/99g4b6/global
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SOURCE Research and Markets