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BOSTON, Oct. 9 /PRNewswire/ -- NelsonHall, the leading independent BPO analyst firm, today announced the availability of its latest research entitled "Targeting Recruitment Process Outsourcing," authored by Gary Bragar, HR Outsourcing Research Manager at NelsonHall. This report provides a comprehensive assessment of recruitment process outsourcing (RPO) services globally and recommendations for vendors in addressing this market.
NelsonHall found that although RPO is still in its early stages compared to more mature HRO services such as Payroll and Benefits Administration, it is one of the key and fastest growing services emerging in support of organizations' talent management requirements. Talent management is the top HR issue faced by organizations today; consequently, a need for improved speed and quality of talent acquisition is the major driver for companies looking to outsource to providers with recruitment expertise.
Global RPO is forecast to see average annual growth of 37% percent to become a $7 billion market by 2010. Though growth is being led by U.S.-based companies, the "war for talent" is impacting organizations in both the developed world and in emerging regions such as India and demand for RPO is global with high growth being seen in all regions.
Bragar commented, "If vendors do not already have global RPO delivery capability, it would be prudent to begin developing a global delivery strategy now, whether it is building that capability themselves, through acquisitions, or partnerships."
For more information on the report, Please visit www.nelson-hall.com
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