RPO Services in Mexico Market Intelligence

RPO Services in Mexico Market Description

The total revenue generated by the RPO industry in Latin America is currently $155 million and is expected to reach $441.3 million by 2025 with a CAGR of 10 percent. Mexico, Brazil, and Argentina together contribute towards 70 percent of the total revenue generated by the RPO industry in the Latin American region. The Mexican economy is strengthening employment activities and demand is rising in the fields of sales & marketing, accounting, finance, and staffing related jobs. Key suppliers in Mexico are Hays, Adecco, Kelly and Hudson RPO.

The report provides an overview of the RPO services industry in Latin America, with an in-depth analysis of the RPO services industry in Mexico. The report examines the RPO industry outlook in Mexico, key market trends, and drivers & constraints for the market. Insights into the labor market in Mexico are also presented in the report, along with a study of engagement practices in the country. The report identifies technology trends in the field of RPO services and analyzes best practices of the industry, including sourcing practices, KPIs and pricing approaches. The report presents a comprehensive supplier analysis, and suppliers profiling.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Supplier Analysis
Best Practices
Labor Market Insights

RPO Services in Mexico Market Trend, Analysis & Forecast

Category Intelligence on RPO Services in Mexico covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

MARKET ANALYSIS

RPO INDUSTRY OUTLOOK

LABOR MARKET INSIGHTS

KEY TRENDS IN MEXICAN MARKET

TECHNOLOGY TRENDS IN RPO SERVICES

BEST PRACTICES

ENGAGEMENT MODELS

SOURCING MODELS

PRICING MODELS AND COST ANALYSIS

KEY PERFORMANCE INDICATORS

SUPPLIER ANALYSIS

SUPPLIER SHORTLISTING PROCESS

GLOBAL AND REGIONAL SUPPLIER LANDSCAPE

SUPPLIER PROFILES

CASE STUDY

Regional Outlook on RPO Services in Mexico

The global RPO industry is expected to grow at a CAGR of 14.40 percent in 2017–2025
The Latin American RPO industry is expected to grow at 10 percent in 2017–2025 and key trends driving the growth of RPO services are mentioned below:

rpo services mexico

Economic growth in Mexico is expected to drive the employment activities across accounting and finance-related job roles in 2019.Increase in trend of inflow of migrants from other Latin American countries in the Mexican market for labor work

Key Insights: Employment Trends

Moderate employment rates for blue-collared and semi-skilled workforce
Increase in working age population has enhanced the labor productivity growth in services and manufacturing sectors
Unemployment is moderate. Migrant workers in rural areas of Mexico are less educated and requires skill development programs for enhancing language proficiency

Drivers and Constraints

Drivers

Employees stay in one job for 7–10 years, and thereby, satisfaction level of employees is comparatively higher compared to other geographies
Access to better technology and social media adoption are few drivers for companies to adopt technology for recruitment services in the Mexican market

Constraints

Multi-country approach is difficult to implement, due to different labor laws and regulations across LATAM
Buyer maturity and its successful RPO implementation rates are comparatively lower than other geographies
Lack of knowledge and unrealistic expectations about talent availability are major challenges for recruiters
Increase in business activities in Mexico may lead to a change in the management from the client’s side

Technology Trends in RPO Services

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 2018
Increasing adoption for technology is encouraging suppliers to adopt innovations and automated tools while hiring
Suppliers integrating with artificial intelligence provide higher decision-making ability compared to previous tools

ATS Implementation

The ownership of the technology lies with the buyer. The supplier provides upfront implementation and ongoing maintenance.

Platform-based ATS Solution

A pre-configure ATS solution is hosted, owned, and maintained by the supplier. The pricing for technology and process is combined into one price component.

Shared Services