As things stand today, the global RPO market is estimated to reach $4.4 billion by 2017, of which Asia Pacific will command a massive 31% share. It is estimated that India will power ahead with a whopping 40-50% YOY growth to grow the market to almost 400 crores.
With RPOs bringing in more value addition than ever before, even mid sized companies are showing a lot of interest in exploring recruiting solutions.
The most popular processes to get outsourced are Pre-Recruitment (Sourcing, Screening and Testing), Post Recruitment (Reference Checking, candidate on-boarding) and Vendor Management.
What RPOs are doing is changing the dynamics of financial planning and workforce management. Companies are choosing to go via the RPO route because it offers much higher ROI, is highly flexible, offers future scalability and has a much better candidate experience.
India has finally come into its own as RPOs continue to show incremental scope for growth. All major multinationals are eyeing India specially BFSI, IT and Telecommunications and the Automobile industry.
As the Make in India campaign gathers more steam, things are looking up for the Indian employment market. More and more jobs are getting created, and more hiring will mean more business. More business always means good news for everyone.
PeopleStrong’s Recruitment Technology (Alt Recruit) is a smart, scalable and one-stop recruitment solution for hiring the top talent. It is not merely an Applicant Tracking System (ATS), rather is AI-enabled, Unified, Intuitive and Intelligent recruitment platform which powers end-to-end hiring processes of 100+ organization across the globe. It is integrated with 50+ candidate sourcing channels, processes over 1 million candidates per year and rolls out 60,000+ joining offers per year.
Get in touch with our recruitment solutions executive to know more about Alt Recruit and how we can manage your Recruitments better.