Recruitment Process Outsourcing (RPO) is growing rapidly and has the potential to be a multi-billion dollar market, taking advantage of the trend towards single process deals in human resources outsourcing.
The report “Opportunities for recruitment process outsourcing in a changing HRO market” estimates the global RPO market in 2007 to be worth $720m and forecasts it will grow by 22% in 2008 to $880m, surpassing the $1 billion level in 2009. According to the report, demand is predominately from Fortune 1000 companies in the US, but the market is growing rapidly in the UK and continental Europe and is beginning to gain traction in the Asia Pacific region.
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