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.
About Taggd (by PeopleStrong)
Taggd, a PeopleStrong recruitment solutions brand, is India’s largest recruitment process outsourcing (RPO) provider, with 100+ clients across 14+ sectors and managing permanent talent recruitment for over half a million jobs. It combines the power of data and human knowledge to bring advanced talent acquisition and digital hiring (RPO) solutions that change how businesses work and deliver.
Over the last 13 years, Taggd has developed deep industries understanding, digital recruitment and talent management expertise, talent network access, data intelligence, talent assessment and access to a robust recruitment technology stack to deliver business outcomes.
Some of the leading enterprise customers of Taggd include Pfizer, Wipro, Honeywell, Mahindra, BirlaSoft, Tata Motors, Renault Nissan, Aditya Birla Health Insurance, Citi, IndiaMART, Swiggy, Oyo, and Quikr, amongst other national and multi-national brands. Nelson Hall, one of the leading global analyst ﬁrms, has rated us amongst leaders in the RPO NEAT Matrix.
Find out how Taggd can help your organisation, let’s talk!