Recruitment Process Outsourcing (RPO) Market in the APAC Region 2015-2019
RPO is a sub-segment of HRO. Recruitment activities include recruitment process design, candidate sourcing and screening, assessment, hiring, on-boarding and consulting, and also other value-added services. It consists of sub-contracting recruitment processes of an organization to a third-party vendor that has expertise in the required functions. RPO enhances the process of recruitment by improving its effectiveness due to the access to right talent to conduct the process. Though the process was initially driven by the need to reduce recruitment costs, now the whole concept is observed as a key strategy to tackle the challenges pertaining to talent acquisition. It helps firms increase their operational efficiency, concentrate on their core competencies, reduce time-to-market, obtain access to best-in-class talent and experience along with latest technologies, and build an organization with an economical cost structure in the long run.
TechNavio's analysts forecast the Recruitment Process Outsourcing market in the APAC region to grow at a CAGR of 16.24 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Recruitment Process Outsourcing market in the APAC region for the period 2015-2019. The market is categorized into different segments based on end-users and country.
TechNavio's report, Recruitment Process Outsourcing (RPO) Market in the APAC Region 2015-2019, 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 the profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – RPO Market in the APAC Region 2015-2019
Technavio recognizes the following companies as the key players in the RPO Market in the APAC Region: Alexander Mann Solutions, Aon plc, IBM Corp., ManpowerGroup, PeopleStrong and Randstad Sourceright
Other Prominent Vendors in the market are: ABC Consultants, AllegisTalent2, Caliber Point, Ceilo, Futurestep, Hays, Hudson, Infosys, KellyOCG, Momenta, Pontoon Solutions, Profit By RPO, The Right Thing and Wipro
Commenting on the report, an analyst from Technavio’s team said: “The evolving RPO model is a key rising trend in the market. Multi-country Recruitment Process Outsourcing, single-country RPO, and integrated RPO are being hugely adopted in recruitment. The rise in multi-continental deals reflects the increased maturity and need for the MCRPO model.”
According to the report, enhanced efficiency of recruitment and the need for quality hires are driving the growth in this market. RPO providers are now gaining traction in back-office functions and are adopting advanced methods such as benchmarking, best practices, and process improvement.
Further, the report states that compliance with laws is posing a key challenge for vendors. Labor laws and employment regulations are changing constantly. RPO providers have to remain abreast of the latest regulations and amendments that affect the workplace. Changes in payroll, employee benefits, and grievance procedures have put HR professionals under tremendous pressure.
Alexander Mann Solutions, Aon Hewitt, IBM, ManpowerGroup, People Strong, Randstad Sourceright, ABC Consultants, AllegisTalent2, Caliber Point, Ceilo, Futurestep, Hays, Hudson, Infosys, Kelly, Momenta, Pontoon Solutions, Profit By RPO,The Right Thing, Wipro
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