As companies seek more flexible and effective recruitment solutions, recruitment process outsourcing (RPO) is making significant strides worldwide. A recent report estimates that the global RPO market will reach USD 7.59 billion this year, and climb to USD 45.59 billion by 2033. While North America currently accounts for the majority of global RPO revenue, the Asia-Pacific RPO market is expanding rapidly, driven by increased demand for recruitment outsourcing.
To understand the trajectory of growth, we should look at the benefits of RPO as a low-risk, high-service business model. Like many business functions, partnering with specialist organizations for recruitment activities allows companies to leverage outside expertise and offerings, while enjoying the focus and dedication of an internal team. Simply put, RPO offers the best of both worlds.
Source: Million Insights
Could RPO be right for you? Studies have shown that recruitment process outsourcing offers a number of benefits including lower costs, a faster time to fill and a higher fill rate. In line with these benefits, Hudson RPO’s suite of talent services has been beneficial to businesses looking to improve their talent acquisition, retention, and return on investment. With a high quality partner, RPO offers measurable business benefits, including the following advantages: