The short-term impact of the coronavirus on the economy is starting to ripple throughout the U.S. and worldwide. According to a report published by CNBC on March 18th, economists predict U.S. jobless claims could hit 2 million this week as coronavirus slams the labor market. As a result of social distancing practice, the travel, airline, hotel, and restaurant industries are some of the hardest hit by the virus. 

The increasing complexity of recruiting and the importance of top talent to organizations’ strategic growth continue to create ripe conditions for those organizations to outsource their recruiting functions to external providers. And while currently dominated by big players – incumbents of the likes of ManpowerGroup, Hudson, Cielo, and KellyOCG – the RPO marketplace is being disrupted by providers reaching to new underserved markets with quality recruiting solutions.

Last year was a competitive year for employers in the United States, with the job market growing continually throughout the year. According to the Bureau of Labor Statistics (BLS), unemployment rates dropped over the year, from 4.8% in January 2017 to 4.1% in November 2017, with a 2.1 million gain in payroll employment growth.

2017 also brought a series of political and policy changes that will be felt well into 2018 and beyond, as the Trump administration began its tenure, intent on rolling back employment policies and legislation from the last administration.

This report details some of the trends and market influencers that will play a role in the talent acquisition space as we move into 2018. We’ve reached out to several talent acquisition experts to get their insight  on what talent acquisition leaders should keep an eye on as 2018 progresses, and how they can stay prepared for the changes and challenges to come.

Who are the major players in the recruitment process outsourcing (RPO) industry? What are some of the recent business transactions in the RPO space? How are firms responding to the evolution of the RPO marketplace? What does the RPO echo system look like now or five years from now? To answer these questions and provide a comprehensive coverage of the RPO marketplace, the Recruitment Process Outsourcing Association is launching the RPO Market Report, an online blog featuring top stories and news from the RPO world.

DENVER, CO – March 16, 2015 – TriWorth, a nationwide full-service talent acquisition firm offering RPO solutions, proudly announces their membership in the Recruitment Process Outsourcing Association (RPOA). The RPOA is a nonprofit organization comprised of Recruitment Process Outsourcing (RPO) providers committed to educating the market about RPO, promoting its benefits, incorporating common metrics and comparative information, and developing and enforcing certifications.