DUBLIN--(BUSINESS WIRE)--The "Global Recruitment Process Outsourcing Market by Enterprise Size, by Type, by Service, by End User, by Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Recruitment Process Outsourcing Market size is expected to reach $14.5 billion by 2026, rising at a market growth of 19.7% CAGR during the forecast period.
Recruitment process outsourcing (RPO) is a type of business process outsourcing (BPO) where an employer hand over all or some portion of its recruitment cycles to an outside service provider, as per the Recruitment Process Outsourcing Association (RPOA). An RPO provider can provide the required staff, technology, and approach expected to satisfy a customer's recruitment prerequisites.
The requirement for an efficient recruiting process and a decrease in overhead expenses are the two essential components driving the market development. The Recruitment Process Outsourcing (RPO) service providers can do numerous tasks, from sourcing to selecting applicants and keeping up the quality of enlisted people. Service providers are executing creative technologies, for example, Artificial Intelligence (AI) and Machine Learning (ML) for self-planning interviews and robotized screening of CVs to improve their capacities. Service providers are further channelizing on better applicant engagement through chatbots and other appraisal instruments. AI is anticipated to be a distinct advantage in the recruitment business. It computerizes numerous tasks, for example, competitor sourcing, competitor rediscovery, employee reference, and diversity recruiting to enhance strategic workforce planning.
In the midst of the COVID-19 pandemic, the business is seeing a significant change in activities. Organizations are changing their recruitment practices to comply with the social distancing standards implemented across numerous regions to moderate the danger of infection. Moreover, organizations are underscoring on utilizing advanced solutions for recruitment and digital resources to maintain a strategic distance from the face to face meetings.
In the coming decades, innovation is anticipated to assume a significant role in improving the recruitment process. HR automation is preparing for the new age of recruitment by advancing recruiting solutions across companies. Numerous companies are now utilizing Artificial Intelligence (AI) for sourcing and screening applicants.
- IBM Corporation
- The Adecco Group
- Randstad NV
- ManpowerGroup, Inc.
- ADP, Inc.
- Korn Ferry
- Hudson Global, Inc.
- Alexander Mann Solutions Ltd.
- Allegis Group, Inc.
- Cielo, Inc.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Mar - 2020, Apr) Leading Players
Chapter 4. Global Recruitment Process Outsourcing Market by Enterprise Size
4.1 Global Recruitment Process Outsourcing Large Enterprise Market by Region
4.2 Global Recruitment Process Outsourcing Small & Medium Enterprise Market by Region
Chapter 5. Global Recruitment Process Outsourcing Market by Type
5.1 Global Recruitment Process Outsourcing Enterprise Market by Region
5.2 Global Recruitment Process Outsourcing On-demand Market by Region
5.3 Global Recruitment Process Outsourcing Function-based Market by Region
Chapter 6. Global Recruitment Process Outsourcing Market by Service
6.1 Global Off-site Recruitment Process Outsourcing Market by Region
6.2 Global On-site Recruitment Process Outsourcing Market by Region
Chapter 7. Global Recruitment Process Outsourcing Market by End Use
7.1 Global BFSI Recruitment Process Outsourcing Market by Region
7.2 Global Healthcare Recruitment Process Outsourcing Market by Region
7.3 Global IT & Telecom Recruitment Process Outsourcing Market by Region
7.4 Global Education Recruitment Process Outsourcing Market by Region
7.5 Global Manufacturing Recruitment Process Outsourcing Market by Region
7.6 Global Others Recruitment Process Outsourcing Market by Region
Chapter 8. Global Recruitment Process Outsourcing Market by Region
8.1 North America Recruitment Process Outsourcing Market
8.2 Europe Recruitment Process Outsourcing Market
8.3 Asia Pacific Recruitment Process Outsourcing Market
8.4 LAMEA Recruitment Process Outsourcing Market
Chapter 9. Company Profiles
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