"This recognition comes at an important time as we just completed a major research initiative where we surveyed 400 human capital leaders from around the globe through a third party firm. Everest Group is recognized as one of the most relevant and reliable analyst organizations, among those surveyed. This research will be released later this fall by Randstad Sourceright," continues Henderson.
The RPO assessment report is Everest Group's most comprehensive study of RPO service providers. The report lists more than 20 companies based on their scale, scope, technology and innovation, as well as delivery footprint and buyer satisfaction. Everest Group highlighted Randstad Sourceright's exceptional delivery capability, market success and cited buyer accolades of "flexibility and strong account management" as the reasons for its high rankings.
"Randstad Sourceright has demonstrated an ability to deliver an effective combination of process, technology and expertise to organizations in need of world-class recruitment practices. Its extensive capabilities in managing contingent talent, positions the company to deliver compelling blended recruitment solutions," said Rajesh Ranjan, partner and head, business process services research, Everest Group.
According to Everest Group, the RPO market has grown tremendously in recent years due to strong demand for recruitment services. It estimated that the market rose 17 percent last year. From 2010 to 2014, it expanded at a compound annual rate of 23 percent and, most recently, has been embraced by niche industries, such as healthcare and travel, resulting in broader adoption across many sectors. Everest Group also reported last year that Randstad Sourceright was one of the two most successful providers in terms of number of clients, in addition to helping the market top $2 billion in value for the first time.
In naming Randstad Sourceright the provider with the best delivery capabilities in 2016, Everest Group highlights the company's leading position in scale, scope and delivery footprint. Moreover, among the five facets of capability defined by Everest Group, Randstad Sourceright scored the highest in three of these capabilities.
Everest Group also cited Randstad Sourceright's recent enhancement in service capabilities through strategic acquisitions and product launches. First, the acquisition of the twago's freelancer management system enables the company to offer clients a complete range of talent management services, encompassing all types of contingent and permanent workers. Second, the company launched their TalentRadar analytics platform to support intelligent talent decisions last year.
Additional information about Everest Group's "Recruitment Process Outsourcing – Service Provider Landscape with PEAK Matrix™ Assessment 2016" report can be accessed at: https://research.everestgrp.com/Product/EGR-2016-3-R-1834/Recruitment-Process-Outsourcing-Service-Provider-Landscape-wit.
About Randstad Sourceright
Randstad Sourceright is a global talent solutions leader, driving the talent acquisition and human capital management strategies of some of the world's most successful employers. We help these companies discover and develop their Human Intelligence Advantage by quantifying the true impact of their talent strategies. Our subject matter experts and thought leaders around the globe continuously build and evolve our approach and solutions across Recruitment Process Outsourcing (RPO), Managed Services Programs (MSP), Integrated Talent Solutions, Payroll and Independent Contractor Services (PICS) and Outplacement. As an operating company of Randstad, a $24.5 billion global provider of HR services, Randstad Sourceright delivers the resources and deep capability companies need to optimize their talent strategy for business growth and transformation. We are consistently recognized for service excellence and innovation by industry organizations such as Everest Group, HRO Today Magazine and Staffing Industry Analysts. To learn more, visit www.randstadsourceright.com.
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SOURCE Randstad Sourceright