Independent industry analyst firm NelsonHall issued a positive report on the implications of PeopleScout’s strategic acquisition of TMP Holdings LTD.
PeopleScout’s TMP acquisition achieved two primary objectives. First, it expanded PeopleScout’s global RPO capabilities and EMEA client base, team and operations. Second, the acquisition created a powerful talent advisory offering for PeopleScout’s global client base comprised of a broad array of services, including employer branding, recruitment marketing, assessment services and talent acquisition strategy.
The report adds, “In addition to expanding PeopleScout’s EMEA and global RPO capabilities, the acquisition adds a talent advisory offering which includes employer branding, recruitment marketing, assessment services, and talent acquisition strategy. Andrew Wilkinson, TMP CEO, will join the PeopleScout executive leadership team and report to President Taryn Owen as Group Managing Director of EMEA.”
NelsonHall also commented that PeopleScout’s global geographic expansion now places PeopleScout’s RPO contracts in more than two countries at 34 percent. This is 3 percent above its competitors that are on average at approximately 31 percent, according to NelsonHall’s proprietary RPO market analysis. This study also cites that by 2021 NelsonHall expects multi-country RPO contracts to increase to approximately 35 percent industrywide while PeopleScout is predicted to increase to 40 percent.
The report states “Already the largest RPO provider in terms of number of hires (approximately 300k annually) and the largest RPO provider in terms of revenue in N. America, this acquisition makes PeopleScout one of the major RPO contenders in the UK, moving from approximately 20th largest in terms of revenue to approximately fifth.”
Read more of the analysis from NelsonHall on the PeopleScout TMP acquisition here: PeopleScout Continues Global Expansion with Acquisition of TMP Holdings.