The global recruitment process outsourcing (RPO) market is anticipated to grow at a considerable CAGR of 17.3% during the forecast period. The growing need to hire a skilled workforce and retention of talent across various industries is anticipated to propel the demand for the recruitment process outsourcing market. For instance, according to the Bureau of Labor statistics, US, total nonfarm payroll employment increased by 253,000 in April 2023, compared with the average monthly gain of 290,000 over the prior 6 months. In April, employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance.
Browse the full report description of “Recruitment Process Outsourcing (RPO) Market Size, Share & Trends Analysis Report by Type (On-demand RPO, Function-based RPO, and Enterprise RPO), by Service (On-siteand Off-site), and by End-Use Industries (BFSI, Healthcare, Energy and Power, Manufacturing, IT & Telecom, Education, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/recruitment-process-outsourcing-rpo-market
Also, the market growth is driven by the shortage of workforce caused by the COVID-19 lockdown across regions. The government and other private players have been actively looking to fill the gap between available job vacancies and employees to overcome the requirement for a skilled workforce. For instance, in May 2020, the Adecco Group, ManpowerGroup, and Gi Group, the Indian operations of four leading global HR services companies allied to “Help India Get Back to Work Safely”. The four organizations combine their knowledge and strengths in the framework of a non-commercial alliance to jointly tackle the key challenges facing the labor market following the COVID-19 pandemic. The objective of this collaboration is to minimize the negative impact of COVID-19 on the economy. Initially, the alliance will focus on companies in 7 key sectors in India - IT/ITeS, Manufacturing, Infrastructure, PHL, Consulting & Business Services, Retail, and E-Commerce and will consult with various stakeholders in the country in the coming weeks.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Service
o By End-use Industries
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Adecco Group, AMN Healthcare, Hays plc, IBM Corp., Korn Ferry, Manpower Group, Randstad Holding NV, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Recruitment Process Outsourcing (RPO) Market Report Segment
ByType
By Service
By End-use Industries
Global Recruitment Process Outsourcing (RPO)Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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