What Everest Group data tell us about the current state and future outlook of the recruitment process outsourcing (RPO) market
During the 2023 State of the Global RPO Market webinar, which took place in the summer of 2023, Everest reported that the global RPO market is expected to see muted growth of 0-3% for the year due to the impact of the impending recession. However, it projected the global RPO industry to recover and achieve a CAGR of 13-15% by 2027. The North American RPO market was anticipated to remain flat or slightly decline in 2023 before recovering in the second half of 2024.
How did the RPO market actually perform in 2023, and why? Was 2024 better or worse for the RPO market? What are some of the drivers for the market changes? What are some of the new RPO buyer trends that are impacting the market dynamics? And what does the future hold for RPO?
In this 30-minute webinar, Sailesh Hota and Lokesh Goyal, RPO Practice Directors at Everest Group, will share data and market intelligence about global recruitment process outsourcing.
For the fourth year, the Recruitment Process Outsourcing Association (RPOA), a trade association dedicated to promoting the RPO industry, and Everest Group, a global consulting and research firm specializing in technology, business processes, and engineering, collaborate on presenting this informative event.
During the panel discussion, speakers cover various topics related to the North America and global RPO market, including:
RPO Buyers
Business, HR, and TA leaders of organizations using RPO to hire globally.
Business and HR Leaders
Business executives and human resources leaders looking to understand the state of global RPO.
RPO Providers
Leaders and top executives of RPO and recruiting companies looking to stay informed of global RPO shifts and opportunities.
Lokesh Goyal is a Practice Director at Everest Group and a member of the Business Process Services (BPS) team. He manages key areas across talent acquisition and HR outsourcing (HRO) across both published and custom decision support offerings. He assists clients on multiple topics within the overall talent & HRO ecosystem, such as recruitment process outsourcing (RPO), employee experience management (EXM), rewards and recognition (R&R) solutions, as well as other related areas. Prior to joining Everest Group, Lokesh worked as a business strategy consultant with CBRE Group and as a senior project lead at GMR Group. He holds a bachelor’s degree in architecture from Malaviya National Institute of Technology (MNIT), Jaipur, India, and a master’s degree in business administration from Indian Institute of Management (IIM), Ranchi, India.
Sailesh Hota is a Practice Director within the Business Process Services team and manages Everest Group’s Talent Acquisition Research offerings.
Leveraging his significant expertise, he has assisted several global service providers and enterprises with market entry, business strategy, segment prioritization, go-to-market support, M&A scan, and process transformation. He is also currently a Sustainability Fellow and is responsible for deepening Everest Group's ESG research initiatives.
He has also developed extensive thought leadership regarding the Future of Work and has extensive research experience across Talent Acquisition and HR services and technologies.
Sailesh holds an MBA from XLRI, Jamshedpur and a Bachelor's in Electrical and Electronics Engineering from National Institute of Technology, Tiruchirapalli
Panel 2023 State of the Global RPO Market
>> Watch the Panel <<
2023 RPOA
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Panel: 2022 STATE OF GLOBAL RPO
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2022 RPOA
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Panel: 2021 State of Global RPO
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2021 RPOA
RPO Expert Panel Webinar Series
Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2023
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Everest Group
Research Report
Thank you to our wonderful webinar partner for making this event possible.
The RPO Leadership Forum is a monthly webinar series hosted by Recruitment Process Outsourcing Association’s Executive Director, Lamees Abourahma, which features top talent leaders from the RPO industry. Webinars are scheduled for the 3rd Tuesday of each month at noon ET and cover topics related to RPO drivers, adoption, best practices, and trends.
The RPO Leadership Forum furthers RPOA’s mission of nurturing a collaborative community where thought leadership can be created and curated to educate the marketplace about RPO.