HRO Today Global Winter 2016 - 11

RPO Asia 2016
Difficult Times?
Depends Where
You Look
A Year of Consolidation and Transformation
By Michael Switow
Unfazed by stock market volatility and forecasts of slower
economic growth, Asia's RPO providers are conÿ dent
with their industry's prospects for the year ahead.
Recruitment professionals point to several major trends.
These include the application of new technologies,
corporate belt-tightening, and a transformation of the
human resources space as a result of recent mergers
and acquisitions designed to strengthen and grow the
Recruitment Process Outsourcing sector.
" Even though a lot of of people are not optimistic,
personally from the RPO and HR industry perspective,
I think this is going to be a great year for stafÿ ng,
recruitment, and human resources outsourcing, " says
PeopleScout's Danny Zhang, the company's Asia Paciÿ c
senior director of operations.
The Economy
Many observers, particularly those from outside the
region, may ÿnd Zhang's optimism to be surprising. After
all, sharp drops on the Shanghai and Shenzhen stock
exchanges at the beginning of the year helped trigger
sell-offs from Frankfurt to Sydney to New York. The Dow
Jones Industrial Average Global suffered its worst annual
start in percentage terms since record-keeping began in
1897. More than US $2.4 trillion in market capitalisation
WINTER 2016 | www.hroglobal.com
[11]
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HRO Today Global Winter 2016

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