Global Daily News

  • Blockchain hyped, says Randstad Innovation Fund exec, AI recruiter raises $14 million, Scout Exchange hires RPO exec and more in Tech Roundup

    A Randstad Innovation Fund executive discusses HR tech and artificial intelligence-powered recruiter AllyO announces a $14 million funding round are among technology developments affecting the workforce solutions ecosystem.Other developments: Scout Exchange announced the hire of a former ManpowerGroup RPO exec, LinkedIn introduced referral button, Walmart announced a program with an online staffing firm and Talao is rolling out a blockchain verification product for freelancers.Also on the radar, a marijuana jobs website raised $2.5 million in funding, and a video recruitment platform announced $1.4 million in funding.Here’s more information in the tech developments:Integration and blockchain, Randstad exec discusses HR techIntegration and blockchain are among topics discussed in the HR tech community, said Ilonka Jankovich, venture partner at the Randstad Innovation Fund, which invests in technology firms in the workforce solutions ecosystem space.Jankovich spoke at the HRTechTank San Francisco this month — an event that brought HR tech companies together with investors and thought leaders to allow the companies to discuss their products.“Integration is a priority for everybody,” she said. And getting HR tech systems integrated with other systems is becoming more important as firms begin to look at the workforce in a more holistic way — including total talent management, which takes into account both the contingent workforce and the traditional workforce.Blockchain also came up.“A lot of companies are popping up that want to do identification, verification on blockchain,” Jankovich said. However, the firms must still have partners such as universities and former employers to supply data on workers in order for the blockchain firms to provide verification of credentials, among other things. But not all partners are ready for blockchain.“It’s a hyped-up market at the moment,” Jankovich said. “The question is how can all the partners get on board?”She also noted several investors at the conference were looking only at HR tech firms that could ultimately generate $1 billion or more in revenue, despite the difficulty in picking such firms. The Randstad Innovation Fund isn’t necessarily looking for companies with the potential to generate such revenue; instead, it’s taking a more strategic approach, she said. “We want to invest in companies that make our processes more efficient and make the candidate experience better,” Jankovich said. It’s also looking to make a return and invest in companies that can provide data. The fund is also interested in new business models and what Randstad can learn from them.Last month, the Randstad Innovation Fund took part in an $8 million Series B financing round for gr8 People, a provider of enterprise recruiting software for corporate and recruitment process outsourcing providers. The round was led by Ascent Venture Partners and Delancy Street Partners also took part.The Randstad Innovation Fund also took part in a $30 million series C funding round at HackerRank, which uses coding contests to find and recruit programmers. The round was led by JMI Equity; also participating were Khosla Ventures, Battery Ventures and Chartline Capital Partners.The Randstad Innovation Fund was also a partner in AllyO’s series A investment:AllyO announces $14 million series A funding roundAllyO, an artificial intelligence-powered recruiter that aims to use natural language processing and machine learning to automate the recruiting workflow, announced a $14 million series A funding round. The series A round was led by Bain Capital Ventures with Cervin Ventures, Gradient Ventures (Google’s AI fund) and the Randstad Innovation fund also taking part.AllyO is based in Sunnyvale, Calif. It was founded by Ankit Somani, formerly of Google, and Sahil Sahni, formerly of McKinsey & Co.ManpowerGroup exec joins Scout ExchangeScout Exchange appointed a chief revenue officer and general manager this week, naming Jim McCoy to the post. McCoy formerly served as VP and global practice leader of recruitment process outsourcing for ManpowerGroup (NYSE: MAN).“His strong industry expertise, combined with his demonstrated ability to help clients evaluate and design demanding talent acquisition programs, will be instrumental in helping us better serve our existing customers and reach new ones,” said Scout Exchange CEO Ken Lazarus.Boston-based Scout Exchange, a platform to connect companies and search firms, also recently announced it received a $100 million investment from TRI Ventures, the investment vehicle of John Chuang, founder and chairman of staffing firm Aquent.LinkedIn introduces referral button for job seekersLinkedIn announced a new button on job listings that enable job seekers to ask for a referral, the company announced in a blog post. In addition, there is a new job search filter on the desktop to enable people search for jobs that are in their network.Walmart teams with Handy, an online staffing firmWalmart announced on Monday a program that enables its customers to purchase services through online staffing firm Handy while checking out at stores. Handy will be able to provide workers for tasks such as installation and assembly services for televisions and furniture. The program will be available in more than 2,000 Walmart stores starting next month. Right now, Handy’s services are available for purchase in 25 Walmart stores in Atlanta.Paris-based firm rolls out blockchain verificationOne example of a firm using blockchain for verification is Paris-based for freelancers. The platform says it enables freelancers to share their credentials and control the data about themselves via the company’s “reputation vault.” The company uses the “Talao token” to access the marketplace.Marijuana jobs site announces $2.5 million in fundingMarijuana jobs website Vangst announced $2.5 million in funding, calling it a seed round. The round was led by Lerer Hippeau, a New York-based venture capital firm. Casa Verde Capital, a venture capital firm focusing on the ancillary cannabis industry, also took part.“The cannabis industry lacks the tools and infrastructure that mainstream industries often take for granted,” Vangst founder and CEO Karson Humiston said. “Vangst is committed to filling that void and becoming the go-to resource for potential applicants who want the amazing and unique opportunity to work in the greater cannabis ecosystem. This new round of funding provides us with proper resources to help facilitate this vision.”Vangst has offices in Denver and Los Angeles.Video recruitment platform Tempo receives £1 million investmentTempo, a provider of a video recruitment platform, received a £1 million (US$1.4 million) investment from venture capital firm Hambro Perks, Businesscloud reported. The company said it aims to offer savings when compared to staffing firms. […]

  • CTG proposes declassifying board

    Computer Task Group Inc. (NASD: CTG) will recommend to its shareholders a corporate governance initiative to eliminate its classified board structure and transition to a single class of directors to be elected annually.The Buffalo, NY-based IT staffing and solutions provider reported the proposed initiative represents the company’s “continued actions and ongoing commitment to serve the long-term interests of all CTG shareholders.”CTG’s board voted unanimously to submit a proposal to the shareholders to declassify the board at the company’s 2018 annual meeting scheduled for July 26. The board is currently partitioned into three classes, with each director elected to a three-year term. If shareholders approve the proposal, all directors elected on or after the 2021 annual meeting of shareholders will be subject to annual elections. The proposal will require the approval of the holders of two-thirds of the outstanding shares of CTG’s common stock.“The CTG Board believes that a robust corporate governance program is vital to creating long-term shareholder value,” Chairman Daniel Sullivan said. “The recent initiatives to refresh our board, modify our director and executive compensation program, and the proposal made today to declassify the board reflect our commitment to strong corporate governance and alignment with the company’s shareholders. The board and the entire company remain highly focused on executing against our strategic plan and financial objectives.&rdquo […]

  • Amazon, Alphabet rank one and two on LinkedIn most sought-after employers list

    Amazon ranked No. 1 on the 2018 LinkedIn Top Companies list. The annual ranking highlights the companies in top markets around the globe that are most sought-after by professionals, based on LinkedIn data on the company’s 540-plus million members.Here are the 10 most sought-after firms and some of what they are doing to attract candidates: Amazon now offers to prepay 95% of tuition, textbooks and fees for its employees to receive training in “professions of the future.” Alphabet’s newest offices include dog parks, indoor fire pits and bouldering walls. Facebook extended its bereavement leave policy last year to up to 20 days, a policy developed after Chief Operating Officer Sheryl Sandberg suddenly lost her husband. Salesforce does continuous audits of its salary data and has spent $6 million trying to ensure equal compensation across gender and race. Tesla has a carpool program that allows employees to drive a Tesla to work. Apple offers its employees a 25% discount on the company’s devices. Comcast NBCUniversal employees get complimentary access to Universal theme parks, discounts on resorts and early access to NBCUniversal movies and TV shows. The Walt Disney Company made an initial investment of $50 million at the beginning of the year in an ongoing education program specifically designed to cover tuition costs for hourly employees. Oracle recognizes its developers as inventors and creators of “world-changing tech” and encourages them to file patents. Netflix doesn’t have policies on vacation time, paid parental leave, dress code or expenses. “We trust our teams to do what they think is best for Netflix,” the company said. The list includes rankings for the US, Australia, Brazil, Canada, France, Germany, India and the UK. For fairness, LinkedIn and Microsoft are removed from consideration for the LinkedIn Top Companies list. […]

  • Blended paralegal and legal secretary roles becoming more prevalent, Robert Half says

    Hybrid, or blended, paralegal and legal secretary positions, have become more prevalent in the last two years, according to 66% of lawyers surveyed by Robert Half Legal. And 15% of lawyers said their organization plans to increase hiring for these roles in the next 12 months.The research also found that 50% of the legal support jobs at law firms or companies are hybrid positions.“Hybrid positions that combine administrative tasks with paralegal duties are becoming more widespread as firms restructure their support teams to improve efficiencies,” said Jamy Sullivan, executive director of Robert Half Legal. “To deliver quality results to clients at lower billing rates, the responsibilities of legal professionals in these blended roles are also expanding to include a variety of litigation support tasks traditionally handled by first-year associates.”Lawyers were asked, “In your opinion, have blended or hybrid paralegal/legal secretary positions become more or less common than they were two years ago?” Responses: Much more common: 24% Somewhat more common: 42% No change: 17% Somewhat less common: 4% Much less common: 1% Don't know: 11% Lawyers were also asked, “Does your law firm or company plan to increase or decrease its hiring of legal support professionals for blended or hybrid paralegal/legal secretary positions in the next 12 months?” Responses: Increase significantly: 1% Increase somewhat: 14% Keep the same/no change: 61% Decrease somewhat: 9% Decrease significantly: 1% Don't know: 15% The survey was developed by Robert Half Legal and conducted by an independent research firm. It is based on 200 telephone interviews with lawyers from the largest law firms and companies in the US. […]

  • Number of nurse practitioners at record high, organization says

    The number of nurse practitioners hit a new record high, according to data released by the American Association of Nurse Practitioners. More than 248,000 nurse practitioners are currently licensed to practice in the US, up from an estimated 120,000 in 2007.“This is an important milestone for patients as well as for NPs,” said AANP President Joyce Knestrick. “Provider shortages, especially in primary care, have become a growing concern, but the growth of the NP profession is addressing that concern head-on.”And the nurse practitioner workforce is growing at a fast rate, according to the professional membership organization for nurse practitioners. An additional 23,000 new nurse practitioners graduated from programs in the 2015-2016 academic year, up 3,000 graduates, or 15.5%, from the 2014-2015 academic year.The latest data from AANP’s annual survey found 74.1% of the nurse practitioner workforce worked full-time; 58.6% of full-time nurse practitioners worked overtime; and 35.4% of full-time nurse practitioners took evening and weekend on-call shifts. […]

  • Finland – Smile Personnel Services buys Adicio Oy

    Smile Personnel Services (Smile Henkilostalpalvelut Oy), a Finnish human resources services firm, announced that it has bought a majority stake in Finland-headquartered Adicio Oy, a recruitment firm in the construction industry.Smile is owned by parent company Restamax, which is based in Finland and specialises in labour hire and restaurant services.Adicio Oy stated that 80% of its shares will be transferred to Smile for the agreed purchase price of €6 million. Ownership will transfer on 3 April 2018. The current owners, Jatke Oy and Gralt Oy, will continue as minority shareholders.Smile offers HR solutions in a variety of sectors including the restaurant sector as well as construction and logistics. Adicio Oy specialises in recruiting foreign manpower to Finland to the construction sector as well as the metal and mining industries.Smile Managing Director Sami Asikainen, commented, “I am very happy that this arrangement has been concluded. The availability of labour poses the greatest challenge to growth in our sector. With the arrangement now concluded, we can offer our customers nationwide, a new service which can solve the manpower needs of several Finnish companies.&rdquo […]

  • UK – Unions agree to an NHS pay rise deal

    More than one million NHS staff are being offered pay increases of at least 6.5% over three years after the government announced a deal with unions.The pay increase will also see hundreds of thousands of NHS staff receiving pay rises of between 9% and 29% over the next three years.The Guardian reported that half of NHS staff who are already at the top of their pay scale will get the 6.5% rise. But the other half will receive pay rises of 9% to 29%, with those at the bottom of their pay scales receiving the most, by 2020-21.According to the BBC, the deal has been formally agreed by union leaders and ministers on Wednesday and will cost £4.2 billion. Staff will now be asked to vote on the deal, with rises backdated to April if they agree by the summer.Health Secretary Jeremy Hunt said the cost of the rise would be covered by the Treasury rather than coming out of the NHS budget.Twelve health unions welcomed the deal as an end to the 1% pay cap, with the exception of the GMB Union which stated that it did not do enough to make up for the squeeze on NHS pay since 2010.“The agreement means an end at last to the government’s self-defeating and unfair 1% pay cap,” Sara Gorton, Unison’s head of health, who has been the unions’ chief negotiator in talks with ministers and NHS Employers over the last five months, said. “It won’t solve every problem in the NHS, but would go a long way towards making dedicated health staff feel more valued, lift flagging morale and help turn the tide on employers’ staffing problems.”During a commons debate on NHS Staff Pay held yesterday, MPs Bambos Charalambous and Stella Creasy addressed the role of staffing agencies and the costs to the NHS.  Jeremy Hunt stated that “we are bringing down the agency bill” and he expects the bill to be lower this year. […]

  • Switzerland – Michael Page Swiss Job Index shows advertised jobs up 25% in March

    The Michael Page Swiss Job Index recorded an increased in advertised jobs of 24.9% in March 2018 when compared to the same period last year.Among job categories, demand for investment bankers led with 19.0% growth in March, year-on-year.“The demand for investment bankers, based on advertised job vacancies, is really the tip of the iceberg. Most of the top positions are not advertised,” Nicolai Mikkelsen, Director, Michael Page, said. “The growth in management support and controlling positions shows the continued focus on cost-minimisation”. Winning Job Categories Monthly Growth(Feb 2018 – March 2018) Year-on-Year Growth(March 2017 – March 2018) Investment Bankers 15.0% 19.0 Credit Specialists 11.4% -0.6% Management Administrators 8.6% 1.7% Auditors 4.5% -4.4% Planning & Logistics Specialists 4.0% 18.5% Meanwhile, among regions, the Mid region saw the biggest year-on-year growth (52%). Regions Monthly Growth(Feb 2018 – March 2018) Year-on-Year Growth(March 2017 – March 2018) Lake Geneva (GE, VD, VS) 3.8% 27.0% North (AG, BL, BS) 2.3% 27.4% Central (LU, NW, OW, SZ, UR, ZG) 2.3% 11.9% East (AI, AR, GL, GR, SG, SH, TG) 1.9% 16.8% Mid (BE, FR, JU, NE, SO) 1.5% 52.9% Zurich (ZH) -1.7% 12.9% […]

  • UK – Parity Group awarded recruitment contract by Primark

    Specialist technology staffing company Parity Group announced that it has won a managed service contract from clothing retail business Primark. Under the contract, Parity Professionals will provide all of Primark’s contract and interim IT staff.Parity stated that Primark, which operates over 320 stores across Europe and America, has required significant investment in the redevelopment of their IT systems from their offices in the UK and Ireland, necessitating the need for a supplier who can deliver to the increased demands placed on the Primark IT team.The group also announced that it had secured contract extensions for Parity Consultancy Services, completed post-period end, with the Ministry of Defence in relation to Military Capability Output Costing System, British American Tobacco, and the Education and Skills Funding Agency.Parity said the Primark contract is expected to provide revenue of between about £20 million to £25 million over three years for its professional services division. Meanwhile, the contract extensions are expected to add £5.3 million to revenue for its consultancy services division.Parity is expected to publish final results for the full year on 10 April 2018. […]

  • New Zealand – Labour hire bill passes first reading

    The Employment Relations (Triangular Employment) Amendment Bill, which suggests an amendment of the Employment Act, passed its first reading in Parliament this week.If the bill is enacted, it would give more rights to thousands of workers who are hired through labour hire agencies.The bill was introduced by Labour MP Kieran McAnulty​ and was supported by the Labour, Green and NZ First parties.McAnulty told that the bill was still needed as the exploitation of subcontracted workers had become "appalling”. He added that labour-hire workers were being fired without warning, often for "unacceptable" reasons like falling pregnant, and companies were also using "rogue" labour-hire companies to pick workers based on their ethnicity, sex and age.The bill would give labour-hire workers power to bring a personal grievance against the company they are subcontracted to work for.“This bill will allow an important conversation to occur about the role of labour-hire companies in New Zealand,” McAnulty told BusinesstoBusiness. “I have heard stories of good business practice, and am convinced that labour-hire companies have a legitimate and important place in our economy. However, we must eliminate practices that are exploiting workers in New Zealand.”The bill has passed to the Education and Workforce Committee for consideration. […]

  • Singapore – JAC Recruitment to acquire JAC Recruitment Asia

    Japanese recruitment firm JAC Recruitment announced that it plans to acquire 100% voting power in Singapore-based JAC Recruitment Asia.The purchase price is set at SGD 38.7 million (USD 29.4 million) with effect from 29 March 2018.JAC Recruitment provides recruitment services to local enterprises and multinationals in Japan, the United Kingdom, and rest of Asia. The company conducts recruitment of skilled permanent employees ranging from assistant level personnel to executives and various specialists. It also offers Japanese speaking and multilingual specialists, as well as online job listing services. […]

  • Taiwan – Unemployment rate down slightly in February

    The unemployment rate in Taiwan stood at 3.70% in February, down from 3.85% during the same period last year, according to figures from the Directorate-General of Budget, Accounting and Statistics.During February, the number of unemployed persons stood at 438,000, a decrease of 15,000 from that of the previous year.Total employment in February 2018 was at 11,397,000, which increased by 90,000 from that of the previous year.Meanwhile, Taiwan’s labour force participation rate was 58.88%, up by 0.13% from that of the previous year. […]

  • China – Government aims to generate over 13 million jobs in 2018 (Xinhua)

    Premier of the State Council of China Li Keqiang said China aims to generate more than 13 million new urban jobs this year, according to Xinhua. However, he added that the minimal target is 11 million. Li Keqiang said that at least 3 million new rural migrant workers will seek jobs in cities in 2018 and there will also be a record 8.2 million college graduates, 5 million graduates from secondary vocational schools and nearly 1 million demobilized military personnel and workers affected by the cut of overcapacity. "We must work very hard to ensure there will be jobs for these people, and do our best to avoid zero-employment families, Li Keqiang said. […]

Latest Research

  • Implementing GDPR: A Guide

    Key findings The General Data Protection Regulation (GDPR) comes into force on 25 May 2018. It establishes a single set of rules on data protection for the 28 Member States of the European Union. Any organisation that handles the personal data of EU citizens is affected. Any company established outside of the EU but offering goods or services to customers within the EU, or monitoring the behaviour of EU citizens, will have to apply the same rules. The maximum penalty for a breach of the GDPR is EUR20 million or 4% of worldwide turnover. To download the full report, click below: Implementing GDPR_A Guide_03212018 - You do not have permission to view this object. […]

  • Healthcare Assessment 2018

    Key Findings Periods of quickly accelerating growth in national health expenditures (NHE) have generally led to acceleration in healthcare staffing growth, such as in 2014 and 2015, when an influx of newly insured catalyzed healthcare staffing despite an economic backdrop that remained mild. The government projects growth in NHE above 5.0% for the next few years, representing solid growth but a downgrade from previous projections above 6.0% (partly because the elimination of the individual mandate is expected to cause a reduction in insured rates). The economic backdrop, another driver of healthcare staffing demand, has a slightly more favorable near-term outlook, but with risk of a recession becoming substantial starting in 2019. Despite an influx of new nurses, recruiting in nurse staffing, and in many other healthcare occupations, is especially difficult in the current environment. The 2017 average unemployment rate for registered nurses is an extremely low 1.4%, though that does not account for recent graduates of nursing school that have not worked as a nurse before. The long-term outlook of demand for healthcare professionals is quite favorable, but for staffing firms to fully take advantage they may need to gain more of a footprint outside the acute care setting, as the trend of an increasing share of healthcare provided in outpatient settings does not appear to be abating. Growth in employment of healthcare occupations varies heavily by state, with Michigan and Wisconsin showing declines from 2013 to 2016, and Oregon growing 18% over the three year period. In an environment where the influx of demand from newly insured has leveled off (and may be partially reversed), with recruiting challenges continuing, and the economy improving a bit, we project growth in US temporary healthcare staffing revenue to decelerate from 8% in 2017 to 6% in 2018. For this year, growth in travel nurse, per diem nurse, locum tenens, and allied health is projected to be 7%, 5%, 4% and 6%, respectively. We will be projecting 2019 growth in our upcoming US Staffing Industry Forecast Report, to be released in April. The full report can be downloaded by clicking the link below: US Healthcare Staffing Market Assessment 20180319 - You do not have permission to view this object. […]

  • SI Report Webinar - March 2018

    In this webinar topics covered include: Insight from our talent acquisition technology landscape report Demo of the internal employee compensation estimator tool Training as the next evolution of staffing Survey results from our staffing and buyer surveys IT staffing growth assessment M&A acquisition trends And of course the latest updates on the state of the economy, employment trends and developments in the US staffing industry.Download the presentation slides.Select the play button to begin viewing. […]

  • March 2018 US Jobs Report

    Event- On a seasonally adjusted basis, total nonfarm employment rose by 313,000 in February, according to the US Bureau of Labor Statistics (BLS) in its monthly jobs report. Temporary help services employment increased by 26,500 jobs. The national unemployment rate remained at 4.1%. The temporary help penetration rate (the share of total nonfarm employment made up by the temporary staffing industry) now stands at 2.04%, just below its record of 2.05% set December 2015.Background and Analysis- On a year-over-year (y/y) basis (February 2018 over February 2017), total nonfarm employment was up 1.6%, and monthly job gains have averaged approximately 190,000 over the past 12 months. Temporary help employment was up 4.2% y/y, with monthly job gains averaging approximately 10,000 over the past 12 months.The economic sectors that most drove total nonfarm employment growth in February (on a seasonally adjusted basis) include construction (+61,000), retail trade (+50,300) and manufacturing (+31,000). Overall, 13 of the 15 sectors added jobs in February; the two decliners were information (-12,000) and education (-5,800).BLS Revisions- The change in total nonfarm payroll employment for December was revised from +160,000 to +175,000, and the change for January was revised from +200,000 to +239,000. With these revisions, total nonfarm employment gains during the two-month period were 54,000 more than previously reported.The change in temporary help services employment for December was revised from -1,500 to -1,000, and the change for January was revised from +1,800 to -2,900. With these revisions, temporary help employment growth was 4,200 lower than previously reported.Staffing Industry Analysts’ Perspective- The February jobs report contained a triple portion of good news for the staffing industry. Not only were there 313,000 non-farm jobs added to the economy and 26,500 jobs added to the temporary staffing industry—indicating strong hiring demand—but also the labor force increased by 806,000 individuals, keeping the unemployment rate at 4.1%, a positive for the many staffing firms that are operating in a supply-constrained environment.To take a closer look at worker supply trends, we note that the February increase in the labor force brought the labor force participation rate (the portion of the civilian population 16 years old or older who are either working or seeking work) up to 63.0%. To give some context, this metric averaged 66.2% during the last economic cycle from 2002 to 2007—a massive 3.2 percentage points higher than currently--and thereafter steadily declined to reach a low of 62.3% in September 2015. Since the start of 2016, this metric has found its footing and has remained in a range from 62.6% to 63.0%, as more individuals have entered the labor force, perhaps drawn by more plentiful job opportunities or rising wages. This stabilization in worker supply is a positive for staffing firms.In summary, the February jobs report suggests positive conditions at the start of 2018. Next month’s report regarding March will be helpful in assessing whether the strong February numbers are an overstatement or simply further evidence of a strengthening trend for labor markets and the staffing industry.Members may download our jobs report tool by selecting the link below. Monthly Employment Situation March 2018 - You do not have permission to view this object. […]

  • Implementing GDPR: A Guide

    Key Findings The General Data Protection Regulation (GDPR) comes into force on 25 May 2018. It establishes a single set of rules on data protection for the 28 Member States of the European Union. Any organisation that handles the personal data of EU citizens is affected. Any company established outside of the EU but offering goods or services to customers within the EU, or monitoring the behaviour of EU citizens, will have to apply the same rules. The maximum penalty for a breach of the GDPR is EUR20 million or 4% of worldwide turnover. To download the full report, click below: Implementing GDPR_A Guide_03212018 - You do not have permission to view this object. […]

  • Largest Staffing Firms in the UK

    We estimate that the UK staffing market was worth £32.5 billion ($44.1) in 2016 and increased by 4% compared with 2015. With IT, Engineering, Healthcare making up 44% of the market .The UK is the least consolidated of the larger markets in Europe. Adecco was the market leader, accounting for 5% of market share in 2016; leaving 5% and 4% to Impellam and Hays, respectively. Together, these firms account for 15% of the market, and the top 10 - 33%. The Top 50 firms accounted for 59% of the UK market in 2016.We estimate that the revenue generated collectively by the Top 48 firms increased by +3% in 2016, while the whole UK market grew by +4%. The median revenue change rate for the Top 48 was +2%, and as many as 22 firms outperformed this median growth rate. The five fastest-growing firms show annual growth rates of between 28% and 19% (page five). We have ranked companies by revenue, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank provides better service or more value to its shareholders.To download the full report, please click below: Largest Staffing Firms UK 20180313 - You do not have permission to view this object. […]

  • Eurostat Report Q3

    This quarterly report compares the following employment metrics in 33 countries in Europe and displays them graphically. Total employment, employment rate, Y/Y change in total employment, percent of part-time workers, unemployment to employment transition and employees with temp contracts with data starting from 2Q 2015 up to current data for 3Q 2017. Temporary employees by the length of contracts, by education, by occupation, by economic activity and temp employees as a percent of total Temporary agency work business indicators such as Y/Y change in hours worked by agency workers and turnover from agency work This dynamic excel tool can be used to learn employment situations and compare market opportunities in various European countries.Click the link below to download the report:  QUARTERLY EUROPE EMPLOYMENT (EUROSTAT) REPORT - Q3 2017 - You do not have permission to view this object. […]

  • UK Professional Recruitment Trends January/February 2018

    Placements growth—both perm and flexible placements up in Engineering while both down in Marketing. Vacancies trends—both perm and flexible vacancies up in Finance while both down in Engineering and Marketing. Salaries for January increased in five major industries–IT, Engineering, Marketing, Financial services and Sales. To download a copy of the report, please click on the link below: ProRecruitmentTrends_Jan_Feb2018 - You do not have permission to view this object. […]

  • Implementing GDPR: A Guide

    Key findings  The General Data Protection Regulation (GDPR) comes into force on 25 May 2018.  It establishes a single set of rules on data protection for the 28 Member States of the European Union. Any organisation that handles the personal data of EU citizens is affected. Any company established outside of the EU but offering goods or services to customers within the EU, or monitoring the behaviour of EU citizens, will have to apply the same rules. The maximum penalty for a breach of the GDPR is EUR20 million or 4% of worldwide turnover. To download the full report, click below: Implementing GDPR_A Guide_03212018 - You do not have permission to view this object. […]

  • APAC Financial Results Q417

    Key Findings Revenue in the 47 publicly traded staffing firms in the Asia Pacific region rose by a median of 13.6% during Q417, compared to the same period in 2016. Among the companies included in this report, five reported a decrease in revenue.  The median gross margin stood at 1.7% compared to last year Median net income rose by 17.5% on applicable firms For more information about each company’s results, please click on the links provided or visit the companies’ individual websites. Due to the varying nature of financial reporting styles across APAC, some companies reported their revenue in only half years and other varying periods. Staffing Industry Analysts realigned its analyst and coverage areas at the beginning of this year. As a result Asia Pacific is now only comprised of Asia and Australia/New Zealand. To download the full report, please click below: APAC Firms Q4 2017 - You do not have permission to view this object. […]

  • Staffing Trends in 2018

    So, the year is well underway and 2017 is all but forgotten. How is the 2018 landscape likely to be different to the one we experienced last year? There are eight key trends that we have identified in this report. For experienced staffing executives, there should be no shocks here as these trends will be very familiar, however, wherever possible we have endeavored to provide some new insights into these important developments.• The global economy• Technology/automation• Skills shortages• Legislation• Gig economy• Public perception• Procurement sophistication• Rise of AsiaWe have also created a SWOT analysis highlighting the strengths, weaknesses, opportunities and threats the staffing industry currently faces (see page 12).To download the full report, click below: Staffing Trends in 2018 20180223 - You do not have permission to view this object. […]

  • Most Attractive Staffing Markets Globally 2018

    This report provides comparative insights over 60 different staffing markets assessed across six Continents. We analysed their merits and how the attractiveness of each of these markets has changed when compared to our analysis published in 2017. Italy and Sweden are jointly ranked the most attractive staffing markets in 2017, followed by Ireland. The latter previously topped this ranking three years in a row. Italy also manages the feat of topping the list of markets where the attractiveness score increased the most compared to the prior year, ahead of South Africa and Brazil. In 2018, market attractiveness scores increased in 17 markets, which is less than the 24 we reported in 2017. As a whole, the markets highlighted in this report are become less attractive: as a total of39 markets saw their score decline in 2018, when compared to our 2017 ranking. This ratio increased compared to last year’s report, where attractiveness fell in 26 markets, compared to 2016. The most attractive Asian staffing market is Malaysia, followed by South Korea. The least attractive markets in our analysis are Nigeria and Saudi Arabia. To download a full copy of the report, click below: Most Attractive Staffing Markets 20180222 - You do not have permission to view this object.   To download the interactive Market Attractiveness Assessment Tool (MAAT), click below: Market Attractiveness Assessment Tool 20180222 - You do not have permission to view this object. […]