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Global Daily News

  • PDS Tech sells to Paris-based AKKA

    PDS Tech Inc., which ranks No. 63 on SIA’s list of largest US staffing firms, was acquired by AKKA, a Paris-based publicly traded firm.AKKA has also appointed Cash Nickerson as chairman of its North American business unit. Nickerson had served at Irving, Texas-based PDS Tech as president and CFO for 15 years. He will also join AKKA’s group executive committee.“I look forward to this new challenge and to develop the AKKA North America business. With 8% growth to nearly $300 billion in 2017, the US outsourced R&D market is three times larger than that of France and Germany combined. The combination of PDS Tech and AKKA provide a powerful driver to accompany leading US companies towards integrated solutions.”AKKA North America will continue to operate with the PDS Tech brand and business model. PDS Tech’s revenue is expected to grow by 15% to $300 million this year.AKKA had revenue of €1.3 billion (US$1.58 billion) in 2017. […]

  • Harvey Nash appoints president of technology solutions

    Harvey Nash Group plc, a UK-based staffing provider with US operations, named Anna Frazzetto president of technology solutions in North America and Asia Pacific. Frazzetto will also maintain her role as chief digital technology officer, leading digital solutions, outsourcing and offshoring across the North America and APAC regions. The newly created role expands Frazzetto’s focus on the overall profitability of the North America and APAC regions, particularly in Australia, where she has worked for more than a decade establishing and leading the business there. She will continue to have ownership of all consulting, offshoring, managed services and outsourcing solutions.Frazzetto is included in Staffing Industry Analysts’ 2018 Global Power 150 — Women in Staffing list of influential women in the industry, released this week.Frazzetto, now based in New York, joined Harvey Nash 14 years ago as VP of solutions to create and develop an offshore service line for the US. She established Harvey Nash’s first office in Australia, and then brought the solutions offered there into other APAC markets. This year, Frazzetto and her team expanded into Hong Kong, Singapore and Japan.&nbs […]

  • Employers plan 17% increase in college hiring; best outlook since 2007

    US employers plan to hire 16.6% more college grads from the class of 2019 than they did from the prior year’s class, according to the fall Job Outlook 2019 survey released by the National Association of Colleges and Employers. This year marks the best initial hiring outlook since the class of 2007 and follows an outlook in spring of last year that reported an overall hiring decrease of 1.3% for class of 2018 graduates.This year, the percentage of responding organizations that plan to increase their hires decreased to 38.6% from 43.7% in the year-ago survey. However, those maintaining their numbers rose to 57.4% from 46.7% and only 4.0% plan to cut their number of hires, down from 9.6% and the smallest group with these plans in the past seven years.Employers that expect to increase their new college hiring cited an improved economy, company growth, anticipated retirements and a focus on early talent/succession planning. Several others in this group reported that they plan to concentrate on converting more interns to full-time hires, thus increasing their overall hiring numbers.The employers surveyed were members of NACE. The survey is conducted in two parts: fall and spring. This release is based on data collected from Aug. 1 through Oct. 8 from 172 NACE-member organizations. […]

  • Gig firms announce investments

    PICKUP, a human cloud provider of last-mile delivery services, closed a $5 million funding round and mobile workforce management platform Shyft Technologies raised $6.5 million in Series A funding.PICKUP’s funding round was led by TDF Ventures and Noro-Moseley Partners; Engage, an Atlanta-based venture fund, also participated in the round. The funds will be used to accelerate market expansion, grow the product platform and add staffing in key areas.The Dallas-based company’s gig platform enables drivers — dubbed “Good Guys” and comprising a “significant” number of veterans — to deliver oversized retail items, according to Darren Waxman, whose title is “chief customer guy.” PICKUP contracts with national retail brands to provide one-hour delivery of items over 50 pounds to locations within 50 miles of the initial location. Typical items include furniture, mattresses and appliances.Founded in 2014 by Brenda Stoner, PICKUP now operates in 26 markets nationwide and plans to expand to most major metro markets.Shyft Technologies’ recent funding round, led by Ignition Partners and Madrona Venture Group, brings the company’s total funding to $8 million. Bob Kelly, managing partner of Ignition Partners, and S. Somasegar, managing director of Madrona Venture Group, will join Shyft’s board of directors as part of this round.Shyft’s app enables retail and service workers to swap shifts, message each other, and pick up available shifts. Its workforce management tools also include employee scheduling and related task management.This new capital will be used to further product development and innovation.Shyft’s mobile workforce management platform for Gap Inc., whose brands include Old Navy, Gap, Banana Republic, and Athleta, in addition to other retail and service establishments that are both wholly owned and franchise-based.“Shyft’s mobile platform is in high demand from global brands and associates to solve their scheduling challenges,” said Shyft Co-founder and CEO Brett Patrontasch. “Antiquated methods such as social media groups, text messages and phone lists aren’t keeping up with today’s hyperconnected workforce.&rdquo […]

  • Hawaii posts lowest unemployment rate among states at 2.3% in October

    Hawaii posted the lowest unemployment rate among all states in October at 2.3%, the US Bureau of Labor Statistics reported today. Iowa was next at 2.4% on a seasonally adjusted basis, followed by New Hampshire at 2.6%.Alaska recorded the highest jobless rate among all states at 6.4% in October.Texas and Washington state set new series lows at 3.7% and 4.3%, respectively.The bureau reported Hurricane Michael made landfall in the Florida Panhandle on Oct. 10, during the reference periods for both the establishment and household surveys. Response rates for the two surveys were within normal ranges for the affected areas.Unemployment rates fell in October in six states; the largest was a 0.2 percentage-point decrease in North Carolina.Two states had month-over-month rate increases: Colorado and Wyoming both posted 0.1 percentage-point increases.Separately, the US Department of Labor yesterday reported the US four-week moving average of initial claims for unemployment insurance rose by 1,500 to 215,250 last week. The four-week moving average smooths the volatility of the week-to-week numbers; total initial claims for unemployment insurance for the week ended Nov. 10 rose to 216,000, up 2,000 from the previous week’s level. […]

  • Netherlands – ADG Services Group acquires In Person

    ADG Group, a Dutch company that owns temporary employment agency Timing, announced that it has acquired staffing firm In Person.No financial details of the transaction were disclosed.In Person ranks 15th on Staffing Industry Analysts’ list of Largest Staffing Firms in the Netherlands.ADG has its origins in the cleaning company Asito, founded by Joop van Riemsdijk in 1952. ADG now consists of eleven group companies with a total of 50,000 employees including Timing, which ranked fifth on SIA’s list of Largest Staffing Firms in the Netherlands. In the 1970s, the first staffing activities were added to ADG's portfolio. ADG now has eleven group companies in the sectors of Personnel Services, Cleaning & Facility Management, and Healthcare & Welfare.Hans Kroeze, Managing Director of ADG, commented, "With this addition, we strengthen our position in the temporary employment market. This has a number of advantages. In this way, the flexible workers will soon benefit from an even greater supply of work and training opportunities."Herman Kok, Founder of In Person, commented, "In almost 30 years, I have seen In Person grow into a large player in the market. My organisation now has the opportunity to develop optimally under the wings of ADG. In addition, the DNA of In Person fits well with that of ADG services group, making this a logical step.”The takeover still needs to be approved by the Authority for Consumers and Markets Authority (ACM). After that, In Person will be added to the ADG Portfolio and will come under the leadership of CEO of Timing Margriet Spijker, as well as Timing Chief Commercial Officer Paul Haarhuis, and Karl van der Wel, Managing Director, In Person. […]

  • Sweden – Wise Group subsidiary K2 Search appoints new CEO

    Swedish staffing firm Wise Group’s executive search subsidiary K2 Search Group announced that it has appointed Jonas Konstantinov as new CEO with effect from 1 January 2019.Konstantinov replaces Johan Segergren, who resigned from the company in March 2018. After Segergren resigned, Katarina Scheele was appointed as acting CEO.Prior to K2 Search Konstantinov held leadership roles for Di Luca & Di Luca, Vireo Energy AB, Betsson Group and A World Beneath. He was also Chairman of the Board for BeeUrban Sweden AB.Ingrid Höög, CEO of Wise Group, commented, I see Jonas's background, combined with a customer-driven attitude to service development in consulting services, as very valuable.”Constantinov said he is “really looking forward to taking on the challenge to lead K2 in an exciting time where talent supply is becoming a critical competitive factor for our customers.”“The focus of the coming years is on the rise profitability and strengthening K2's customer offers in Executive Search, Interim Management and Leadership Assessment. Meanwhile, we will also make sure to have fun together and develop into even sharper consultants,” Konstantinov said. […]

  • Ireland – job postings up 3% in third quarter, Cpl Resources finds

    In the third quarter of 2018, there were 7% more job ads in Ireland than in the same period a year previously. This is the third quarter in a row with year-on-year growth, following three quarters of falls, according to the latest Cpl Employment Monitor.The Employment Monitor is Cpl’s quarterly report on the current state of the jobs market in Ireland. The strongest rate of growth, by sector, was in IT, where there were 16% more jobs than a year ago. The Science, Engineering & Supply Chain sector recorded 9% more jobs than in the year prior.Cpl Resources asked both employers and jobskeekers to rate, on a five-point scale, whether the market is an employer’s one or a jobseeker’s one. The overall reading for employers (0.9, i.e. a market in favour of jobseekers) is the strongest on record, and compares to a reading of 0.5 eighteen months ago. The large gap between how jobseekers and employers assess the market persists – with the most recent overall reading for jobseekers at -0.2.Ronan Lyons, economist at Trinity College Dublin, commented, “Ongoing growth in jobs posted in these key professional sectors is a welcome trend. While jobseekers and employers still view things differently, both see the jobs market now as being one where jobseekers have more bargaining power than in recent years.”Other findings from the Monitor showed that 75% of employers said their organisation has started investing in training & development programs to prepare for the future of work. The findings also show that vast majority of employers think that men do their fair share in supporting women in the workplace, with 76% saying responding with ‘yes’ and 24% responding with ‘no’. […]

  • UK – Majority of UK-based AI jobs found in London, Cambridge and Reading, Glassdoor finds

    Most AI-specific roles that are open to jobseekers are predominantly centred between London, Cambridge and Reading, according to a new study from online job board Glassdoor.Glassdoor referred to the three cities as a new “golden triangle” for tech jobs. Its study is based on the analysis of millions of open UK jobs on Glassdoor and identifies AI-specific jobs by counting any role containing "artificial intelligence", "AI", or "deep learning" in the job title listed by the employer.According to Glassdoor, 49% of posted AI-specific jobs are in London, with 17% in Cambridge and 4% in Reading."AI and deep learning will soon provide the key to unlocking the UK's productivity gap. However, widespread adoption of AI has a long way to go, with our analysis revealing that AI jobs are in fact a small but growing part of the current workforce," Andrew Chamberlain, Glassdoor chief economist, said."Machines certainly won't be taking your job anytime soon,” Chamberlain said. “We're now seeing workers team up with AI, using it as a tool to be more productive by taking away some of the low-value aspects of a role. Workers across all sectors should realise they will more likely collaborate with AI than be replaced by it."The most common AI job open was AI software engineer, which makes up 24% of UK AI online job openings. This was followed by AI data scientist (14%), AI research scientist (8%) and AI software developer (4%). […]

  • Australia – Labour hire firm owner jailed for ‘phoenixing’

    A labour hire business owner in Australia who fraudulently obtained more than AUD 890,000 (USD 646,000) through "phoenixing" has been jailed for five years and four months in Western Australia, according to the Australian Taxation Office.“Phoenixing” is creating a new company to continue the business of a firm that has been deliberately liquidated to avoid paying debts including taxes, creditors and staff entitlements.Between 1997 and 2009, Sung Jae Cho operated a labour hire business through four different companies providing workers (mainly welders) to engineering construction companies in and around Perth.The name of the labour hire firm was not disclosed. Cho was convicted of 20 charges under the Criminal Code, including obtaining a financial advantage by deception between 2004 and 2007. Cho also failed to report and remit the Goods and Services Tax (GST) and pay as you go withholding while having sole and full control of the relevant entities.The prosecution follows an extensive investigation by the Australian Taxation Office.Cho was also ordered to repay the money he stole.Assistant Commissioner Aislinn Walwyn said illegal phoenix activity deprives employees of their entitlements, and disadvantages honest businesses by undercutting them on prices.“This kind of behaviour has an incredibly damaging impact on the Australian community through unpaid wages to employees, debts to other businesses, and unpaid taxes,” Walwyn said. “Companies like these are obtaining financial advantages over their competitors and robbing the Australian economy of revenue that could be spent on essential services.&rdquo […]

  • India – Monster Employment Index finds online recruitment falls 5%

    The Monster Employment Index for India found that online recruitment decreased by 5% in October compared to the same period last year.The index is a monthly gauge of online job hiring activity by Monster.com, which records the industries and occupations that show the highest and lowest growth.Among sectors, Production and Manufacturing leads online hiring demand with an increase of 58%, year-on-year and registering the steepest year-on-year growth for the seventh consecutive month. The Retail sector, up 26%, saw the second highest year-on-year growth. The Business Processing and Outsourcing/IT Enabled-Services sector (up 6%) bounced back and the sector registered positive year-on-year growth for the first time since May 2017.In terms of occupations, the year-on-year demand for Healthcare professionals led all monitored job roles with an increase of 15%. Online demand for HR & Admin followed with an increase of 11%, year-on-year.Chandigarh (up 11%) and Pune (up 1%) were the only cities to register positive growth on the year.Abhijeet Mukherjee, CEO, Monster.com, APAC & Gulf, commented, “Although the Monster Employment Index has recorded a 5% year-on-year drop, there are pockets of growth in the online hiring. The steepest year-on-year growth registered in the Production and Manufacturing sector could be a reflection of momentum that the sector saw with the rise in new order flows. The online hiring demand for this sector was upbeat in all key cites this month.&rdquo […]

  • Australia – SEEK job ads up 2.8% and advertised salaries rise 4%

    New job ads across Australia recorded a growth rate of 2.8% in October, when compared to the same period last year, according to SEEK.SEEK also found that advertised salaries grew by 4% in October when compared to the same period last year.The top three industry drivers of job ad growth for October are Healthcare & Medical, ICT and Mining, Resources and Energy.Meanwhile, Victoria accounted for 48% of the national job ad growth in October.Kendra Banks, Managing Director of SEEK ANZ, commented, “Earlier in the year we saw Victoria and New South Wales competing to be crowned Australia’s biggest contributor to job ad growth. What we are seeing now is a stark divergence between the two states, while New South Wales continues to post the majority of job ads their growth has remained flat, whereas Victoria is the undisputed engine of growth accounting for 48% of positive job ad growth nationally.”SEEK’s report for October also highlighted a growth in electrician roles over the past year, with a 66% rise in Victoria and 20% rise in New South Wales.We know that automation is not negatively affecting job opportunities for Electricians compared to other industries, due to the non-routine and problem-solving nature of their work,” Banks said. “The demand for electricians and pressure on candidate availability is being driven by the current, and projected, construction and infrastructure work across Victoria; where there is a focus on heavy industrial and specialised experience.&rdquo […]

  • People – Shine.com, Harnham, and Aquent

    Indian online job portal Shine.com announced that it has appointed Amardeep Vishwakarma as its Chief Technology Officer. Vishwakarma was previously the Vice President of Engineering for Indian staffing firm Info Edge. He also worked with Naukri.com.UK-based data analytics recruitment firm Harnham has appointed Stephen Lawrence as its Chief Financial Officer. Prior to this, Lawrence was CFO at Tasker Insurance Group. He has previously served as Interim Finance Director for Harnham. From 2007 to 2014, he was CFO of SAP (Systems, Applications, and Products) recruitment and consultancy services provider Red Commerce.Aquent, a US-based global staffing and recruiting firm for marketing, creative and digital professionals, announced that it has appointed Aliza Sweiry as its UK managing director. Sweiry will also be managing director for Vitamin T, a division within Aquent. She will be responsible for more than 40 staff across both brands on the sales and delivery function. Prior to Aquent, she was an account director for Infinity Outdoor Limited. […]

Latest Research

  • SI Report Webinar - November 2018

    Sponsored by TextRecruit In this webinar topics covered include:Benchmark temporary worker benefits Trends in temporary worker training Industry revenue estimates by customer characteristics 2018 Staffing Firm Lists: Annual aggregation of lists and review US Gig Economy: Latest size estimate and what it means Legal and Regulatory Update: What you need to know about new legal developments US Statutory Expense Tool: Detailed data on demand And of course the latest updates on the state of the economy, employment trends and developments in the US staffing industry.Download presentation slides 181113 SI Report Webinar Presentation Slides - You do not have permission to view this object. Select the play button to begin viewing. […]

  • VMS Market Developments Part 2

    Executive SummaryIn 2017, the contingent workforce Vendor Management System (VMS) market represented $154 billion of spend under management, an 11% from the prior year. Although growth continues to decelerate, it is still in the double digits, evidence of the appetite for managing contingent workforce programs through a VMS. North America continues to dominate the market with a 66% share, still growing robustly at 10%. EMEA is growing at 14% as it has more untapped terrain in terms of penetration of the staffing and SOW market. The APAC market is growing the fastest of the three regions at 15%, but the growth is from a low base, and it continues to experience challenges in gaining traction in several markets.There is considerable room in the SOW market for more penetration of VMS, and while some providers are reporting 30%+ growth in SOW (and over large numbers), the robust growth is not universal among participants; for some, growth was less than that of temp/contract. Anecdotally, many enterprise buyers continue to struggle to clearly define the role of VMS in managing SOW versus traditional procurement software suites such as Ariba or Coupa.Nearly one third of programs cover three or more regions as vendors continue to roll out capability to new countries, driven by customers that want to gain visibility and centralize control of workers globally.A large share of the market (75%) is represented by client organizations of more than 10,000 employees (FTE), although buyers across all sizes of organizations are represented.As in previous years, the prevalent pricing method is percentage of spend through the program, typically funded by the supplier. However, Europe has a higher adoption of client funded programs due to a number of factors, which include nascent adoption of MSP models leading to supplier resistance in paying the incremental cost versus unproved value. Also, European staffing suppliers often have lower gross margins than most staffing suppliers in North America, making fee absorption a difficult proposition and hindering adoption.The three largest providers globally, each with spend under management above $10 billion, are Beeline, DCR Workforce and SAP Fieldglass. While there are providers that are focused on a given country (US, France, the Netherlands), the majority of providers in our study service multiple regions. VMS providers typically support a wide range of industries, apart from those that are focused on the healthcare market.The full report can be downloaded by clicking the link below: VMS Market Developments - Part 2 20181111 - You do not have permission to view this object. […]

  • Merger and Acquisition Funders and Advisors Directory

    This directory provides full records for over 26 companies operating in the M&A space around the world. Some firms provide services in just one market while others provide international and cross border M&A advice and services in up to 40+ countries. They are listed in alphabetical order, and an index is provided at the rear of this document. An additional 115+ firms who have been identified as providing M&A services are also shown. We have tried to make this report as exhaustive as possible, but if there are additional companies you believe should be listed, or if you would like to contribute a “full” entry within this directory, please contact the author. Please note that the information included herein is self-reported and then edited for consistency sake by SIA. If pronouns such as we are used these have been left as they are. We cannot vouch for the accuracy of each record, nor should inclusion in this directory be taken to imply any endorsement of the companies’ services. This copy of the report has been completed in November 2018. If you have any corrections or changes, please contact author listed on the right. To download the full report, please click below: M&A Funders and Advisors 20181112 - You do not have permission to view this object. […]

  • US Jobs Report: November 2018

    Event- On a seasonally adjusted basis, total nonfarm employment rose by 250,000 in October, according to the US Bureau of Labor Statistics (BLS) in its monthly jobs report. The gain of 250,000 exceeds the median projection of 200,000 jobs from the Bloomberg survey. Temporary help services employment rose by 0.1% from the prior month, adding 3,300 jobs, and the temporary penetration rate remained roughly flat at 2.04%. The national unemployment rate remained at 3.7%.Background and Analysis- On a year-over-year (y/y) basis (October 2018 over October 2017), total nonfarm employment was up 1.7%, and monthly job gains have averaged approximately 210,000 over the past 12 months. Temporary help employment was up 2.2% y/y, with monthly job gains averaging approximately 5,500 over the past 12 months.Of the 15 major industry groups, the three that most drove total nonfarm employment growth in October (on a seasonally adjusted basis) include healthcare and social assistance (+46,700), leisure and hospitality (+42,000), and manufacturing (+32,000). Gains were broad across industries, as there was only one decliner, education (-2,500). On a year-over-year basis, natural resources/mining continued to lead all industry groups in terms of percentage growth, with 9.4%, once again followed by construction and transportation/warehousing, with 4.7% and 3.5% growth, respectively. Information was the one decliner on a y/y basis, down 0.5%.Wages appear to be gaining traction at last, with y/y growth in average hourly earnings accelerating to 3.1% in October.BLS Revisions- The change in total nonfarm payroll employment for September was revised from +134,000 to +118,000, and the change for August was revised from +270,000 to +286,000. With these revisions, total nonfarm employment gains during the two-month period were unchanged.The change in temporary help services employment for September was revised from +10,600 to +7,600, and the change for August was revised from +12,400 to +10,800. With these revisions, temporary help employment growth was less than previously reported by 4,600 jobs.Staffing Industry Analysts’ Perspective- Regarding total nonfarm employment, this was a favorable jobs report. Even if you take the average of the last two months (to account for the recovery from the impact of Hurricane Florence in the prior month), the employment gain is a moderate 184,000. Moreover, wage growth, the one area that had not been as strong for so many years in this expansion period, appears to be gaining traction at last.Temporary help employment growth, however, has become increasingly mild, with the temporary penetration rate remaining roughly flat throughout most of this year. Temporary staffing may be reaching a plateau, which would be normal if we are approaching the tail end of an expansion in the business cycle.Members may download our jobs report tool by selecting the link below. Monthly Employment Situation November 2018 - You do not have permission to view this object. […]

  • UK Market Snapshot

    Our Market Snapshots provide an executive summary of the international staffing markets in EMEA and APAC.  They can be used as a barometer to assess the relative business environment within each market and are designed to help you whether you are a buyer or supplier of contingent labour; looking to move into a new market place or need to understand the different national factors you will encounter in managing your workforce internationally. To download the full report, click below: UK Market Snapshot - You do not have permission to view this object. […]

  • The Structure of the UK Staffing Market

    Key Findings There were 28,220 staffing firms in the UK in March 2018 compared with 25,775 in March 2017, a rise of 2,445 (+9%). This figure is broken down between 16,650 employment placement and 11,570 temporary employment agencies. The vast majority of companies (81%) had revenues of less than £1 million, although 165 firms in the UK had revenue of more than £50 million. The Greater London region accounted for the largest number of businesses in March 2018, with 34% of the UK total. The region with the next largest share of businesses was the South East at 16% (see pages 6 and 7). By city or town, London is also largest by far with 9,465 enterprises. Ten London boroughs account for 67% of all these firms. In 2018, the vast majority of staffing companies (80%)  were micro business employing between 1-9 people; while 480 firms employed over 250 staff. The market is split by legal status between companies (81%), sole proprietors and partnerships (9%) and public sector and non-profit making bodies. To download the full report, please click below: UK Structure 20181113 - You do not have permission to view this object. […]

  • VMS Market Developments Part 2

    In 2017, the contingent workforce Vendor Management System (VMS) market represented $154 billion of spend under management, an 11% from the prior year. Although growth continues to decelerate, it is still in the double digits, evidence of the appetite for managing contingent workforce programs through a VMS. North America continues to dominate the market with a 66% share, still growing robustly at 10%. EMEA is growing at 14% as it has more untapped terrain in terms of penetration of the staffing and SOW market. The APAC market is growing the fastest of the three regions at 15%, but the growth is from a low base, and it continues to experience challenges in gaining traction in several markets.There is considerable room in the SOW market for more penetration of VMS, and while some providers are reporting 30%+ growth in SOW (and over large numbers), the robust growth is not universal among participants; for some, growth was less than that of temp/contract. Anecdotally, many enterprise buyers continue to struggle to clearly define the role of VMS in managing SOW versus traditional procurement software suites such as Ariba or Coupa.Nearly one third of programs cover three or more regions as vendors continue to roll out capability to new countries, driven by customers that want to gain visibility and centralize control of workers globally.A large share of the market (75%) is represented by client organizations of more than 10,000 employees (FTE), although buyers across all sizes of organizations are represented.As in previous years, the prevalent pricing method is percentage of spend through the program, typically funded by the supplier. However, Europe has a higher adoption of client funded programs due to a number of factors, which include nascent adoption of MSP models leading to supplier resistance in paying the incremental cost versus unproved value. Also, European staffing suppliers often have lower gross margins than most staffing suppliers in North America, making fee absorption a difficult proposition and hindering adoption.The three largest providers globally, each with spend under management above $10 billion, are Beeline, DCR Workforce and SAP Fieldglass. While there are providers that are focused on a given country (US, France, the Netherlands), the majority of providers in our study service multiple regions. VMS providers typically support a wide range of industries, apart from those that are focused on the healthcare market.The full report can be downloaded by clicking the link below: VMS Market Developments - Part 2 20181111 - You do not have permission to view this object. […]

  • Merger and Acquisition Funders and Advisors Directory

    This directory provides full records for over 26 companies operating in the M&A space around the world. Some firms provide services in just one market while others provide international and cross border M&A advice and services in up to 40+ countries. They are listed in alphabetical order, and an index is provided at the rear of this document. An additional 115+ firms who have been identified as providing M&A services are also shown. We have tried to make this report as exhaustive as possible, but if there are additional companies you believe should be listed, or if you would like to contribute a “full” entry within this directory, please contact the author. Please note that the information included herein is self-reported and then edited for consistency sake by SIA. If pronouns such as we are used these have been left as they are. We cannot vouch for the accuracy of each record, nor should inclusion in this directory be taken to imply any endorsement of the companies’ services. This copy of the report has been completed in November 2018. If you have any corrections or changes, please contact author listed on the right. To download the full report, please click below: M&A Funders and Advisors 20181112 - You do not have permission to view this object. […]

  • APAC Financial Results Q218

    Key Findings Revenue in the 41 publicly traded staffing firms in the Asia Pacific region rose by a median of 11.1% during 2Q18, compared to the same period in 2017. Among the companies included in this report, eight reported a decrease in revenue. The median gross margin stood at -0.5% compared to last year. Median net income rose by 12.0%. Due to the varying nature of financial reporting styles across APAC, some companies reported their revenue in only half years and other varying periods. Japan - The report includes 30 Japan-based staffing companies. The Japanese companies reported year-on-year median revenue growth of 13.6%. Three firms reported a decrease in revenue. Australia – Three Australian staffing firms showed a decrease in revenue. Median revenue was up by 5.6% when compared to the previous year. The remaining companies are headquartered in China, New Zealand, Singapore and Taiwan. Some staffing firms were dropped from the previous year’s list due to a variety of reasons. Programmed Maintenance was taken over by Persol Singaporean firm Oilfield Workforce Group has rebranded and changed its focus. Zhaopin became a privately-held company and other firms had not yet reported their latest figures. For more information about each company’s results, please click on the links provided or visit the companies’ websites. To download the full report, please click below: APAC Q2 20181115 - You do not have permission to view this object. […]

  • Labour Hire Licensing in Australia 2018

    Key Findings The Australian workplace is highly regulated under the Fair Work system. There have been several State and Federal inquiries into the labour hire industry since 2001. A key recommendation of some of those inquiries has been registration of businesses operating to supply labour.  In South Australia, the Labour Hire Licensing Act came into effect on 1 March 2018, with organisations required to become licensed within six months. However, in March 2018, the Labour Government was replaced by a Liberal Government in the State election which announced that they would repeal the Act by the end of this year.  Queensland’s legislation came into effect on 16 April 2018 and providers were required to apply for a licence by 16 June 2018. On 20 June 2018, the Victorian government passed its Labour Hire Licensing Act. The commencement date of the scheme in Victoria is yet to be advised but is expected to become effective no later than 1 November 2019 with a transition period of six months. To download a copy of the report click below: Labour Hire Licensing in Australia_20181114 - You do not have permission to view this object. […]

  • VMS Market Developments Part 2

    In 2017, the contingent workforce Vendor Management System (VMS) market represented $154 billion of spend under management, an 11% from the prior year. Although growth continues to decelerate, it is still in the double digits, evidence of the appetite for managing contingent workforce programs through a VMS. North America continues to dominate the market with a 66% share, still growing robustly at 10%. EMEA is growing at 14% as it has more untapped terrain in terms of penetration of the staffing and SOW market. The APAC market is growing the fastest of the three regions at 15%, but the growth is from a low base, and it continues to experience challenges in gaining traction in several markets.There is considerable room in the SOW market for more penetration of VMS, and while some providers are reporting 30%+ growth in SOW (and over large numbers), the robust growth is not universal among participants; for some, growth was less than that of temp/contract. Anecdotally, many enterprise buyers continue to struggle to clearly define the role of VMS in managing SOW versus traditional procurement software suites such as Ariba or Coupa.Nearly one third of programs cover three or more regions as vendors continue to roll out capability to new countries, driven by customers that want to gain visibility and centralize control of workers globally.A large share of the market (75%) is represented by client organizations of more than 10,000 employees (FTE), although buyers across all sizes of organizations are represented.As in previous years, the prevalent pricing method is percentage of spend through the program, typically funded by the supplier. However, Europe has a higher adoption of client funded programs due to a number of factors, which include nascent adoption of MSP models leading to supplier resistance in paying the incremental cost versus unproved value. Also, European staffing suppliers often have lower gross margins than most staffing suppliers in North America, making fee absorption a difficult proposition and hindering adoption.The three largest providers globally, each with spend under management above $10 billion, are Beeline, DCR Workforce and SAP Fieldglass. While there are providers that are focused on a given country (US, France, the Netherlands), the majority of providers in our study service multiple regions. VMS providers typically support a wide range of industries, apart from those that are focused on the healthcare market.The full report can be downloaded by clicking the link below: VMS Market Developments - Part 2 20181111 - You do not have permission to view this object. […]

  • Merger and Acquisition Funders and Advisors Directory

    This directory provides full records for over 26 companies operating in the M&A space around the world. Some firms provide services in just one market while others provide international and cross border M&A advice and services in up to 40+ countries. They are listed in alphabetical order, and an index is provided at the rear of this document. An additional 115+ firms who have been identified as providing M&A services are also shown. We have tried to make this report as exhaustive as possible, but if there are additional companies you believe should be listed, or if you would like to contribute a “full” entry within this directory, please contact the author. Please note that the information included herein is self-reported and then edited for consistency sake by SIA. If pronouns such as we are used these have been left as they are. We cannot vouch for the accuracy of each record, nor should inclusion in this directory be taken to imply any endorsement of the companies’ services. This copy of the report has been completed in November 2018. If you have any corrections or changes, please contact author listed on the right. To download the full report, please click below: M&A Funders and Advisors 20181112 - You do not have permission to view this object. […]