Vendor Analysis
published on May 13, 2016
Report Overview:
This NelsonHall vendor assessment analyzes Futurestep’s offerings and capabilities in Recruitment Process Outsourcing
Who is this Report for:
NelsonHall’s recruitment process outsourcing vendor assessment for Futurestep is a comprehensive assessment of Futurestep’s recruitment process outsourcing offering and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of recruitment process outsourcing and identifying vendor suitability for recruitment process outsourcing RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector
- HR decision makers.
Scope of this Report:
The report provides a comprehensive and objective analysis of Futurestep’s recruitment process outsourcing offering, capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization including the location, size and scale of delivery locations and their activities.
Key Findings & Highlights:
Futurestep, headquartered in Los Angeles, was formed in 1998 as Korn Ferry International’s outsourced recruiting subsidiary to support professional recruitment. Futurestep enabled Korn Ferry to position itself as a provider of talent from professional to board level. Its parent, Korn Ferry, is a global recruitment services firm with ~100 offices in 50 countries, and ~7k employees.
Korn Ferry acquired two companies in 2015 to strengthen its talent management capabilities:
- Pivot Leadership: a U.S. based leadership development organization
- Hay Group: a global provider of people strategy and organizational performance
In 2015, Korn Ferry Futurestep had 100 offices in 50 countries across five continents, and provided 25 languages. It performed 30.5k hires, of which 25.8k (85%) were permanent and 4.5k (15%) were temporary. One of Futurestep’s key assets is a pool of pre-screened candidates focused on mid-level professionals. All Futurestep consultants can access this database, so RPO clients can leverage from this asset, in addition to the client bespoke sourcing strategies implemented for each client.
Futurestep offers the following range of RPO services:
- Sourcing and selection
- Offer management
- Performance management
- Analytics: all new RPO clients are provided with Futurestep’s analytics tool, Foresight.
Specific recruitment services to support veterans, diversity, emerging leaders and millennials are also offered.