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Permanent Recruitment
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Permanent Recruitment related
procurement queries with relevant data points

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Get up-to-date market and supplier info on Permanent Recruitment to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Recruitment Process Outsourcing Industry Trends
  • Adoption Rate of Technology in RPO
  • Supplier Innovations
  • Mergers and Acquisitions

Market Size

Market Size North America

$125 Bn

Market Size Europe

$49 Bn

Market Size Asia Pacific

$27 Bn

Market Size Latin America

$10 Bn

Table of contents

  1. Permanent Recruitment Executive Summary
  2. Global Industry Outlook
  3. Supply Market Outlook
  4. Impact of Covid-19 Pandemic
  1. Permanent Recruitment Market Analysis
  2. Global Market Maturity
  3. Global Industry Trends
  4. Technology trends
  5. Global Drivers and Constraints
  6. Regional Market Outlook
  7. Industry Outlook
  8. Mergers and Acquisitions
  9. Porter's Five Forces Analysis: Developed Markets
  10. Porter's Five Forces Analysis: Emerging Markets
  1. Cost Structure Analysis
  2. Cost Analysis and Expected Savings
  3. Cost Breakup
  4. Cost Savings from Recruitment Process Outsourcing
  5. Pricing Analysis: Price Forecast

 

  1. Permanent Recruitment Procurement Best Practices
  2. Sourcing Models: RPO Services
  3. Sourcing Strategy
  4. Sourcing Models: Comparative Analysis
  5. Sourcing Models: Pros and Cons
  6. Cross - industry Sourcing Model Adoption
  7. Pricing Models: Comparative Analysis
  8. Regional Pricing Best Practices
  9. Key Success Factors for RPO Implementation
  10. Key Services - based KPI and SLA Components
  11. Supplier Selection Criteria
  12. Key Negotiation Opportunities
  1. Permanent Recruitment Background Screening Services
  2. Global Market Outlook
  3. Region Market Outlook: APAC
  4. Market Outlook: India
  5. Global Screening Services: Outlook
  6. Supply Market Outlook
  7. Technology Trends
  8. Sourcing Models

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Global Permanent Recruitment Market Insights

  • The global recruitment market has been considerably impacted due to the pandemic and most organizations have reduced their spend on traditional recruitment services. The market size for permanent recruitment services is estimated to be $250 in 2019.
  • US has highest market maturity followed by UK and then Western Europe. In APAC, countries like Australia and Japan contributes moderately in the recruitment market. Other countries in APAC and Western LATAM and eastern Europe are driving the demand for recruitment services such as RPO and Executive search in upcoming years

Global Permanent Recruitment Market Maturity

  • Market intelligence in recruitment reveals that North America and Europe are mature markets in terms of buyers and service providers. The outsourcing of recruitment services is high in North America and Western Europe
  • APAC and LATAM are witnessing increasing adoption due to the efforts by large global buyers to consolidate supply base

Recruitment Market Intelligence: Global Recruitment Process Outsourcing Industry Trend

The global RPO industry has been increasing significantly, with 16 per cent growth from 2013 to 2019, and emerging economies are expected to contribute largely in the upcoming 2–3 years. Due to the increase in technology penetration, recruitment services are expected to rise by 20 per cent in 2018–2020

 

Adoption Rate of Technology in RPO

  • RPO service providers are offering recruitment solutions and technological platforms. Companies either co-source or completely outsource technology platforms to RPO vendors. Various technology platforms exist and large companies have adopted it in the past
  • While ATS helps in managing business units, compliance, hourly positions, social and candidate experience, TAM supports a complete talent database for active, as well as passive candidate profiles for future vacancies, and helps in succession planning with real-time simulations. Along with TAM systems, integrating employer branding tools with recruitment process is an emerging trend in the recruitment landscape

Supplier Innovations

  • Currently, Oracle Taleo lacks superior artificial intelligence and machine learning capabilities in ATS solutions when compared to ATS start-up eco-system service offerings to small – medium companies
  • Google Hire ATS is the clear market disruptor and aims to bring down the job advertisement spend incurred by employers, by integrating its Google Ads solutions. Currently, its solutions are targeted at small –medium companies only
  • iCIMS, Hays, Jibe, Johnson & Johnson, FedEx, CareerBuilder, Dice, etc., are some of the early adopters in “Google Cloud Job Discovery Beta Program”

Artificial Intelligence and Machine Learning Capabilities

Resume Sourcing and Matching:

  • “Matching and Filtering” feature will be an add on to ATS software. This will enable companies to source more effectively and right-fit candidate for the job position
  • For example, SmartRecruiters had already announced a new product roadmap for 2017

Applicant Workflow Automation:

  • ATS software is poised to grow beyond e-mail communication to candidates 
  • It helps to automate all ATS related messaging activities through new communication approaches, such as job bots, chatbots, etc.

Google Hire ATS

  • Besides, announcing “Google for Jobs” search engine powered with Artificial Intelligence and Machine Learning capabilities, Google launched a pilot testing “Google Hire” ATS with about 10 companies in the U.S.
  • In addition to pilot testing, Google launched “Google Cloud Job Discovery Beta Program” (sister tool of Google for jobs) on Sep, 29 2017
  • Market speculations suggest that Google Hire ATS software will be free-to-cheap by integrating their Google Ads services
  • “Google for Jobs” business model is in similar to “Indeed – job board” in terms of service extension to clients
  • In the initial stages, “Google for Jobs” search engine will partner with LinkedIn, Facebook, Monster, Glassdoor, etc

Technology Tools Adopted across Industries

  • Most of the multinational companies are adopting various technology tools for recruitment purposes across geographies. There exists homegrown applications for automated reporting and analytics whereas, SAP and Oracle provides talent management suites for managing workforce
  • The adoption technology solutions for recruitment is considered to be high in retail and IT industry

Adoption of the Applicant Tracking System

  • Increasing adoption for technology is encouraging suppliers to adopt innovations and automated tools while hiring
  • Suppliers integrating with artificial intelligence provide high decision-making ability compared to previous tools

Key Technology Trends in RPO Industry - 2018

  • Artificial intelligence-aided technology tools are adopted widely by buyers for enhancing the candidate hiring process
  • Integrating technology tool with their recruitment services through M&A and collaborations is one of the major supplier trends in 2019

Global RPO Drivers and Constraints

Multinational firms are restructuring their workforce to attain higher labor productivity and leverage the skillsets of the employees. In such situations, cost efficiency, higher productivity and access to better technology drives the recruitment industry across geographies.

Growth Drivers

  • Cost Reduction: Outsourcing recruitment allows the companies to transfer the cost risks involved in recruitment process to the recruitment partners thus reducing cost
  • Social Network Adoption: Buyers are evaluating the option of using social media to identify the potential candidates to best-fit their internal requirement. On an average, 25 – 30 percent of social tools are adopted by companies across the globe to source and advertise positions for recruitment
  • Scalability:Outsourcing recruitment results in a more scalability and the ability to meet the sudden surge in manpower requirements as it is the core business of the recruitment partner
  • Improving Recruitment Process: Engaging with an RPO will streamline the overall recruitment process. The RPO vendor will analyze the recruitment process to spot the where overlap, inefficiency and excessive costs occur and will device a custom recruitment process
  • Access to Better Technology: The RPO vendors have readily available technology like application tracking system, CV management software that can increase the efficiency of the overall recruitment process

Constraints

Lack of Client Adoption Internally: The internal recruitment department, which is already existing might show some resistance to adopt to the new framework and processes brought in by the RPO vendor

Other major constraints are:

  • Competition with internal resources
  • Changing position requirements
  • Unrealistic expectations about talent availability
  • Change in the management from the client's side

Supplier Selection Criteria

Selecting a service provider includes an in-depth analysis of their capability for successful service delivery to the firm. Shortlisting potential supplier for a firm is derived through the supplier selection criteria.

Permanent Recruitment Market Frequently Asked Questions

  1. What are the topmost recruitment industry trends you must know about?
  2. The two leading trends in the recruitment industry according to Beroe’s analysis report are:
    -- Artificial intelligence-aided tools and tech advancements are becoming the new normal for buyers looking to enhance the candidate hiring process
    -- Integrating technology tools with their recruitment services through M&A and collaborations is another major supplier trend

 

  1. What’s the market size of the recruitment industry from a global perspective?
  2. As per Beroe’s report, the global recruitment market size is forecasted to grow at a CAGR of 16 – 18 percent to reach an estimated value of $400 billion. It’s worth noting that the existing market size of North America is the highest with $156 Bn valuation followed by Europe, the Asia Pacific, and Latin America each valued at $49 Bn, $27 Bn, and $12 Bn respectively.

 

  1. What does the industry trend convey about the RPO market?
  2. The market intelligence report for recruitment indicates that both North America and Europe are high market maturity regions w.r.t the buyers and the service providers because the outsourcing of recruitment services is quite expensive in NA and Western Europe. Even the APAC and LATAM regions are showing an increase in adoption rate since large global buyers are trying to consolidate the supply base. The RPO industry has shown a significant 16 percent growth and it’s expected that the wide number of emerging economies will further contribute to the upscaling. Further, with the increase in technology penetration within the RPO market, the recruitment services are expected to rise by 20 percent. 


 

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