Recruitment Process Outsourcing Market is Expected to Grow at a CAGR of 29.1% During the Forecast Period 2019 - 2027

The global recruitment process outsourcing market accounted to US$ 4.16 Bn in 2018 and is expected to grow at a CAGR of 29.1% during the forecast period 2019 - 2027, to account to US$ 40.67 Bn by 2027.

North America accounted for the leading geographic market and it is anticipated to be the highest revenue contributor throughout the forecast period. Significantly large number of recruitment process outsourcing companies functioning in the US, Canada and Mexico. Also, the huge skilled workforce and new job seekers in the North American countries are cementing the growth path of recruitment process outsourcing companies in North America.

Recruitment Process Outsourcing provider acts as an extension of the HR function in a company and helps in reducing the time and cost required for hiring new talent. Recruitment Process Outsourcing service provider offers necessary expertise, advanced technology and techniques to provide a complete and holistic hiring solution. They offer services on-site, off-site, combinations of on and off-site across countries which gives a lot of flexibility and options to the employers.

Recruitment Process Outsourcing solutions aim at optimizing the entire recruitment process through streamlining of company operations/processes and focusing on long-term business strategy. All this planning reduces both cost and time for the employer. Traditional hiring agencies focus only on filling the positions quickly, and they do not consider long term implications which results in higher costs. Traditional agencies also do not take responsibility for final results or quality of hiring.

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Leading Recruitment Process Outsourcing Market Players:

· SevenStep RPO

· Kites Consulting

· Randstad Sourceright

· ManpowerGroup Solutions

· Alexander Mann

· Adam Recruitment

· Proven SA

· Talent Hunters

· TASC Outsourcing

· Ajeets Management & Manpower Consulting

Asia Pacific region possess the most attractive region in the global recruitment process outsourcing market during the forecast period from 2019 - 2027. The region is experiencing substantial growth in number of industries, demanding large number of workforce and also the trend of outsourcing the recruitment process is initiated among various industries which is propelling the growth of recruitment process outsourcing in Asia Pacific region. Europe accounts for the second largest market in the global recruitment process outsourcing market and also is estimated to be the second most attractive region in the market during the forecast period. The enormous spending from the companies towards employment with an objective to boost their businesses in the region is fueling the growth of recruitment process outsourcing company counts. Also, the region experiences migration of European population among countries for job opportunities, which also demands recruitment process outsourcing companies, and this factor is bolstering the market in the region.

The global recruitment process outsourcing market is classified based on type into Technical staff, Sales and Marketing Staff, Office and Admin Support Staff and others. An Recruitment Process Outsourcing provider acts as an extension of the HR function in a company and helps in reducing the time and cost required for hiring new talent. Recruitment Process Outsourcing service provider offers necessary expertise, advanced technology and techniques to provide a complete and holistic hiring solution. They offer services on-site, off-site, combinations of on and off-site across countries which gives a lot of flexibility and options to the employers. Increasing adoption of the recruitment process outsourcing by employers over traditional staffing firms across the globe has spurred the growth of the Recruitment Process Outsourcing market.

Also, key Recruitment Process Outsourcing Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

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