Global RPO Market
Process Outsourcing (RPR) is a segment of HERO and a form of BOP. It consists of subcontracting the recruitment processes of an organization to a third- party vendor that has expertise in the required domains. These service providers act as a company’s Internal recruitment entity that handles all or part of the recruitment activities such as sourcing, screening, selection, on-boarding, and training. An effective RPR arrangement includes a standardized recruitment process, platforms or workforce planning, applicant tracking, and workflow.
Some of the advantages that the relationship with vendors offers are staffing search, mobile recruiting, employers branding, background validation, and employee profiling. It helps client firms to 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.
Covered in this Report
The report covers the present scenario and growth prospects of the Global RPR market for the period 2014-2018. To calculate the market size, the report considers the revenue generated from next-generation RPR categories Including the Blended RPR market and the MACRO market. It analyzes the market landscape for the Global RPR market and segmentation by end-users and geography in 2013. It also gives an account of the four major vendors dominating the Global RPR market. In addition, the report discusses the major drivers that influence the growth of the market and outlines the challenges faced by the vendors In the market at large and the key trends emerging in the market.