Latin America, with its diverse cultural heritage, is a relatively young and emerging market for Recruitment Process Outsourcing (RPO). While all the regions have shown good progress, growth of RPO in Latin America is noticeably higher. This trend is expected to continue in the future as well on the backdrop of successful RPO examples and increased investments by RPO service providers in the region. Numerous global service providers enjoy a high market share in the region owing to large number of multi-country deals that feature Latin America. Adoption by Latin America-headquartered buyers has also increased over the years, forcing service providers to develop region-specific strategies. Further, Latin America is a highly heterogeneous market with RPO maturity varying across countries. Buyers have diverse mindsets and, hence, service providers need to streamline their offerings accordingly.
In this research, we analyse the RPO market in Latin America across the following dimensions:
Market overview
Buyer adoption and solution trends
Service provider landscape
Latin America country focus
Scope of analysis
RPO deals that include a minimum of four or more recruitment processes
The RPO deal is active and at least one year in contract length
The deal scope should not be limited to temporary hires only
All geographies, industries, and job families
Content
This research provides comprehensive coverage of the RPO market in Latin America and analyzes it across various dimensions such as market overview, RPO drivers and challenges, buyer adoption & solution trends, service provider landscape, and key characteristics of RPO in various Latin American countries. Some of the key findings are:
RPO market in Latin America, although very small at present, is evolving rapidly, displaying rapid growth as well as maturing buyer, solution, and transaction characteristics
Latin America primarily features in global multi-country deals, which have generally been signed by west-headquartered firms. Increased interest around RPO by Latin America-headquartered companies was also witnessed, primarily in the form of single-country RPO deals
Service provider landscape in Latin America is relatively consolidated, with the top five players accounting for more than 75% of the market
Latin America is a heterogeneous market with RPO maturity varying across countries. However, when seen at a macro level, the overall RPO maturity is still very low and most countries have a nascent but emerging RPO market
Note: this report is from 2012. See our most recent R2R research report.
The Finance & Accounting (F&A) function comprises three end-to-end processes – Procure-to-Pay (P2P), Order-to-Cash (O2C), and Record-to-Report (R2R). This report focuses on…