Global Daily News
- FTC bans worker noncompete agreements
Noncompete agreements in worker contracts will be banned under a final rule approved April 23 in a 3-to-2 vote by the Federal Trade Commission. Such agreements can restrict employees from working for a company’s competitors for a period of time within a specified geographic area after the worker leaves a company.The FTC first proposed the ban on noncompetes in January 2023. In the final rule, the FTC determined that noncompete agreements represent an unfair method of competition.“Noncompete clauses keep wages low, suppress new ideas and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” FTC Chair Lina Khan said in a press release. “The FTC’s final rule to ban noncompetes will ensure Americans have …
- Biden administration boosts overtime pay salary thresholds
The US Department of Labor on April 23 increased the salary thresholds required to exempt a salaried executive, administrative or professional employee from federal overtime pay requirements. Effective July 1, the Fair Labor Standard Act’s salary threshold will increase to the equivalent of an annual salary of $43,888, or $844 a week, from the present annual salary threshold of $35,568 enacted by the Trump administration in 2019; it will increase again on Jan. 1, 2025, to $58,656 annually, or $1,128 per week.The rule will also adjust the threshold for highly compensated employees from the current $107,432 per year to $132,964 on July 1, and then to $151,164 on Jan. 1, 2025.Salary thresholds will update every three years by applying up-to-date wage data to determine new salary levels s …
- Groupe Crit temp revenue falls 1% amid weak economic growth
Groupe Crit SA, a Paris-based international staffing provider, reported weak global economic growth weighed on temporary work revenue in the first quarter. While French temp staffing revenue held steady, revenue from Groupe Crit’s US temp staffing operations fell.Temp staffing first-quarter revenue fell to €468.3 million (US$505.4 million), a decline of 1.0% on an organic basis when also adjusted for number of trading days.Groupe Crit noted French temp staffing revenue remained stable at €339.5 million (US$366.4 million) on an organic basis with adjustment for number of trading days. The company got a boost from activity in the aeronautics and logistics industries, while the automotive and construction industries remained behind.At its US operations, revenue fell 8.5% to €56.0 million (US$ …
- Premier Healthcare Holdings Inc. names Buffy Stultz White as CEO
Premier Healthcare Holdings Inc. named healthcare industry veteran Buffy Stultz White as CEO, effective Feb. 1.Her initial focus will be to enhance the current service offerings including travel, local, international, allied, rapid response and dialysis staffing as well as managed service provider customizable workforce planning solutions.PHHI is headquartered in Cumming, Georgia, and privately funded by portfolio management company Proeza.White will also drive operational efficiencies and expand the organization’s presence in key markets across its six subsidiaries including staffing firm Premier Healthcare Professionals; Adevia Health USA, an international nurse recruiting firm; Freedom Crisis Staffing; travel nurse staffing provider Freedom Healthcare Staffing; Corratel Healthcare, whic …
- OneDigital acquires Alabama-based PEO and HR management firm
OneDigital, an Atlanta-based HR consulting firm, acquired Lyons HR LLC, a professional employer organization and HR management company headquartered in Florence, Alabama.Founded in 2000, OneDigital provides insurance brokerage, financial and HR consulting services. Through the acquisition, OneDigital aims to expand its Resourcing Edge PEO solution to its Southeast region, enhancing its employee benefits, retirement plan services, wealth management services, and property and casualty insurance offerings.The deal closed in March and terms of the transaction were not disclosed. The Lyon’s brand will remain in place for a period before folding into the OneDigital PEO solution brand.OneDigital extended offers to all management executives from the Lyons HR team; Ginger Bateman will join OneDigit …
- Groupe Crit temp revenue falls 1.0% amid weak economic growth
Groupe Crit SA (CEN:PAR), a Paris-based international staffing provider, reported weak global economic growth weighed on temporary work revenue in the first quarter. While French temp staffing revenue held steady, revenue from Groupe Crit’s US temp staffing operations fell.First-quarter temp staffing revenue fell to €468.3 million, a decline of 1.0% on an organic basis when also adjusted for number of trading days.Groupe Crit noted French temp staffing revenue remained stable at €339.5 million when measured on an adjusted basis (organic growth adjusted for number of trading days). The company got a boost from activity in the aeronautics and logistics industries, while the automotive and construction industries remained behind.At its US operations, revenue fell 8.5% on an adjusted basis to …
- Synergie’s Q1 growth comes from international operations
International operations boosted first-quarter results at Synergie SE (SDG:PAR), a Paris-based staffing firm. Total revenue rose 3.7% year over year in the first quarter to €751.4 million, though the increase was 1.9% on a like-for-like basis.The lion’s share of growth took place in Synergie’s international operations, where revenue rose 8.6% to €447.9 million. International revenue included organic growth of 5.7% (excluding impact of exchange rates) as well as the acquisition of Runtime Group in Germany, which had a positive impact of €11.9 million, according to the company.Among Synergie’s international segments, the company cited a good performance in its Southern Europe segment, up 6.7%, driven by the strength of Italian and Spanish operations. Northern and Eastern Europe revenue rose …
- APSCo manifesto takes aim at UK skills shortage
The UK’s Association of Professional Staffing Companies launched a manifesto during an event at the House of Commons on 24 April. It contains recommendations aimed at tackling the UK’s professional skills shortage.“Research from our members, trusted partners and global strategic partners such as LinkedIn are all pointing to the same issue in the UK: a severe shortage of professional skills that is only growing,” Tania Bowers, global public policy director at ASPCo, said in a press release. “Businesses are facing a critical lack of workers, with IT, digital, engineering and healthcare some of the hardest hit remits.”It’s crucial that major political parties have a plan in place to beat the skills crisis, Bower said.“We’ve already started engaging with key policy makers across the core polit …
- Belgium’s temporary employment sector falls slightly in March
Belgium saw the number of hours of temporary work performed a decrease of 1.29% in March 2024 when compared to the same period a year ago, according to calendar-basis adjusted data from Federgon, the Belgian federation of staffing agencies.This decline was the result of a decrease in activity of 0.35% in the blue-collar segment and 2.49% in the white-collar segment. On a monthly basis, March saw an increase of 0.39%. This increase was due to an improvement in both segments: The number of hours worked increased by 0.37% in the blue-collar segment and by 0.37% in the white-collar segment. Overall, the Federgon index reached 90.49 points in March 2024 compared to 90.13 points the month before.Paul Verschueren, director of research and economic affairs, said, “Also in March, TA …
- EOR provider Rippling raises US$200 million in funding round
Rippling, a provider of employer-of-record services, announced a US$200 million funding round on 22 April, according to a post by co-founder and CEO Parker Conrad. The company also signed agreements with investors to repurchase up to US$590 million of equity from current employees, former employees and early investors.Rippling is now valued at US$13.5 billion.The funding will go toward research and development; building more robust software products; and equipping customers with more intelligent workflows, analytics and tools, the company said in a LinkedIn post.“This system we’ve built helps companies run more efficiently and achieve their business goals faster than their competitors,” Conrad wrote. “We will continue to expand in new markets and invest deeply in R&D to enhance our cur …
- Australian salaries grow at slowest yearly pace in 18 months
Seek’s index of advertised salaries in Australia is rising, but March’s 4.2% year-over-year increase in the index marks the slowest rise in 18 months.When compared to February, March’s index level was up 0.2%. March was the third month in a row in which Seek’s Advertised Salary Index for Australia posted a month-over-month increase of 0.2%.“The peak of advertised salary growth is in the past,” Seek Senior Economist Matt Cowgill said in a press release. “We’ve now had six months in which the SEEK [Advertised Salary Index] has grown at just 0.2% or 0.3% month on month.”Still, advertised salaries continue to outpace inflation, which is good news for job seekers, Cowgill said. There’s also no sign of a price-wage spiral.“As we emerged from Covid, two big factors pushed up wages growth: The tig …
- Temp hourly average wage rises in three Japanese metro areas
The average hourly wage for temp workers rose in March in three major Japanese metro areas tracked by Dip Co. Ltd. Those areas were Kanto, Tokai and Kansai. The average hourly wage rose to JPY 1,605 (USD 10.37) in March, an increase of JPY 46, or 3.0%, from the same time last year and an increase of JPY 30 compared to February, a 1.9% increase.Here’s a breakdown of average hourly wage growth by metro area: Kanto. The average hourly wage in March of JPY 1,681 (USD 10.86) was up JPY 25 year over year and up JPY 29 compared to February. Tokai. The average hourly wage in March of JPY 1,459 (USD 9.43) was up JPY 70 year over year and up JPY 30 compared to February. Kansai. The average hourly wage in March of JPY 1,503 (USD 9.71) was up JPY 69 year over year and up JPY 37 compared to February. D …
- Job seekers in Japan are getting picker about where they work
Young job seekers in Japan are becoming choosier over where they work as the number of workers declines, and companies are stepping up their recruitment efforts, including putting more of a focus on work-life balance, Nikkei Asia reported. “Before, companies were the ones choosing from a large batch of applicants, but now students are also selecting the companies, and the asymmetry in that relationship is weakening,” Yosuke Hasegawa, a researcher at Mynavi Career Research Lab, told Nikkei Asia. “More companies take care in listening to applicants’ wishes regarding the kind of jobs they want to do or the region they want to work in.”
- South Korea will likely be hiring more overseas workers
South Korea is increasingly turning to foreign labour as its population shrinks, The Korea Herald reported. Kim Young-Jung, president of the Korea Information Service, told the newspaper that foreign labour is now concentrated in unskilled jobs, but the country will hire more highly skilled workers in the future. “Korea is getting more and more in need of all kinds of labour,” he said. “The manpower shortage in Korea is not necessarily limited to manual or nonprofessional labor, but highly educated workers are also needed.”
- Freelancer Q1 gross marketplace volume and cash receipts down
Freelancer Ltd. (FLN:ASX) today reported Gross Marketplace Volume (GMV) in Q1 2024 of AUD 227.1 million (USD 147.6 million), down 23.8% over the year. GMV represents the underlying transaction value between third parties which is the basis for Freelancer's revenue, i.e. the value of services performed (Freelancer); goods shipped (Loadshift) or goods / services exchanged (Escrow).At the same time, Freelancer group net cash receipts stood at AUD 13.2 million (USD 8.6 million), down 3.6% over the year.The group had positive net operating cash flow of AUD 1.0 million (USD 0.6 million) for Q1 2024 (Q1 2023: AUD (-0.1 million (USD -65,000) and ended with cash & equivalents of AUD 21.7 million (USD 14.1 million), down 4.2% over the prior year period.The Freelancer Group primarily consist …
Latest Research
- SIA | Bullhorn Staffing Indicator – April 23, 2024
US Staffing Rises Slightly Following Spring Break Week ending Apr 13, 2024 Indexed Value Y/Y W/W US Staffing 82 -12% 1.3% Commercial Staffing 69 -12% 1.4% Professional Staffing 117 -11% 0.8% IntroductionReleased weekly, the SIA | Bullhorn Staffing Indicator comprises two sets of analyses; a Year-over-Year comparison showing how the week that ended ten days ago (“last week measured”) compares to the same week 12 months previously and an indexed value that has been benchmarked against data from the week ending January 13th, 2019.Year-over-year changes for the week ending April 13thTemporary staffing hours worked for the week ending April 13th (“last week measured”) were down -12% compared to the corresponding week a year ago, according to the Indicator.Temporary staffing hours completed in c …
- Workforce Solutions Buyer Survey: 2024 Americas Results
When asked to what extent they agree with the following statement: “Our overall practices for our contingent workforce are leading edge”, 31% of participants agreed (we refer in the report to these as “Leaders”), while another 31% disagreed (“Laggards”). Overall, Leaders are significantly more likely to rate their programs as providing a competitive advantage in talent attraction, retention, and ROI compared to Laggards. Respondents reported a median 20% and average (mean) 22% contingent share of their total workforce. Of the services/technologies listed in our survey, the most commonly used is a VMS, with 81% of respondents noting they have one in place. Having a program for diversity suppliers is the most common workforce strategy, in place at 67% of companies. The three-year rolling ave …
- April 2024 Jobs Report
Event: The March Employment Situation, released today by the US Bureau of Labor Statistics (BLS), indicates that total nonfarm employment rose by +303,000 in March on a seasonally adjusted basis, while temporary help services employment declined by -1,300 jobs. The temporary agency penetration rate was 1.74% in, down from a revised February rate of 1.75%. The national unemployment rate declined to 3.8%, from 3.9%.Employment expanded in most industry groups. The group with the largest gain was again Health and social assistance, which added +81,300 jobs; followed by Government, which added +71,000 jobs; and Leisure and hospitality, which added 49,000 jobs. Employment was unchanged in both the Manufacturing and Information sectors. The only monthly decline was in the Temporary help serv …
- Directory of Suppliers to Staffing Firms (Americas)
This interactive report identifies and categorizes specialist Americas headquartered suppliers to staffing firms. Members can use this report to identify suppliers by both category and by geography. With 25 different categories and over 850 firms, the Directory provides a comprehensive range of solutions and services that staffing firms may require to operate their businesses more efficiently and more effectively. Our categories include: Advisors & Consultants Analytics & Benchmarking Candidate Assessment Candidate Engagement Compliance, Payroll & Umbrella Front & Back Office Software Online Job Advertising Recruitment Marketplaces Sourcing Automation Staffing Platform-as-a-Service (SPaaS), full list of categories can be found on the directory tab. If you believ …
- US Staffing Industry Forecast: March 2024 Update
Key Findings: We forecast the US Staffing Industry will decline 3% in 2024 to reach a size of $184.6 billion, as the industry continues to pull back from prior peak levels. If we exclude the nurse staffing segments (that continue to normalize down steeply from pandemic levels), the remaining staffing industry is expected to be roughly flat this year, in aggregate. We forecast industrial staffing to decrease 5% in 2024 while office/clerical holds stable. We project IT staffing to decline 3% and healthcare staffing to decrease 11%, as both pull back from prior peak levels. As brighter spots in the 2024 outlook, we project mid-single-digit growth this year for engineering, life sciences, marketing/creative, and education staffing, as well as for place & search. Looking ahead to 2025, we f …
- UK Internal Staff Survey 2024: Full Report
This report summarizes SIA’s fifth annual survey of the internal staff of UK firms. This latest survey was conducted in late 2023 and implemented in conjunction with the 2023-2024 Staffing Industry Analysts’ “Best Staffing Companies to Work For” competition. Over 600 internal staffing firm employees from 19 UK staffing firms participated.Contents of the current survey and access to individual survey reports Use of AI and other technology by staff, training needed, desired technology Remote work prevalence, preferences, and how to support it Recruiting internal staff: what candidates want, who to recruit, effective methods How to retain internal staff: what drives staff satisfaction and why it matters Internal staff training: what staff want and importance of explaining resources Survey que …
- How To Retain Internal Staff
Staff satisfaction is the key to retention. Among staff giving their firm a net promoter “likelihood to recommend” satisfaction score of 0-4, the share saying they were open to quitting was 100%; that share declined with subsequent score increments, and above a score of 7 the share open to quitting was less than 10%. What drives staff satisfaction? Staff repeatedly emphasize two factors. In multiple survey questions respondents indicate that quality of senior leadership and work environment/culture are top drivers of job satisfaction. Staff offered advice on how management can perform well with regard to each. What else matters? Future opportunities and fairness also ranked relatively highly. Allowing at least some remote work time is important to staff satisf …
- How to Recruit UK Internal Staff
What to emphasize in recruiting: The top three criteria used by UK internal staff to evaluate potential staffing firm employers are: company culture/work environment, career advancement potential, and financial stability. Who to recruit: What matters most in staff candidates is industry experience, energy, cooperation, and personal connections. How to recruit: While active measures account for about half of new recruits, personal recommendations were also very important. And too, a good website helps. Where to recruit: Two-thirds of internal staff were recruited from just six industries. To access the complete report, please select the link below: UK Internal Staff Survey 2024 Recruiting internal staff 20240409 – You do not have permission to view this object.
- Use Of Technology By UK Internal Staff
About half of UK internal staff said they had used AI in their staffing job over the last year. Of those staff that had used AI in the last year, 33% rated it very helpful; 53% rated it moderately helpful; and 14% rated it not very helpful. Internal staff listed seven tasks for which they were using AI: writing emails and texts; writing job descriptions and job postings; resume writing and editing; research, ideas, and brainstorming; search strings; marketing, market research, and content creation; and sourcing/recruiting. Some staff need more technology training. While the majority of staff are confident that they have been fully trained in use of their assigned technology, a significant minority – 18% – say that while technology is key to doing their job well, they are not confident that …
- Directory of Suppliers to Staffing Firms (EMEA)
This interactive report identifies and categorizes specialist EMEA headquartered suppliers to staffing firms. Members can use this report to identify suppliers by both category and by geography. With 25 different categories and over 800 firms, the Directory provides a comprehensive range of solutions and services that staffing firms may require to operate their businesses more efficiently and more effectively. Our categories include: Advisors & Consultants Analytics & Benchmarking Candidate Assessment Candidate Engagement Compliance, Payroll & Umbrella Front & Back Office Software Online Job Advertising Recruitment Marketplaces Sourcing Automation Staffing Platform-as-a-Service (SPaaS), full list of categories can be found on the directory tab. If you believe yo …
- Directory of Suppliers to Staffing Firms (APAC)
This interactive report identifies and categorizes specialist APAC headquartered suppliers to staffing firms. Members can use this report to identify suppliers by both category and by geography. With 25 different categories and over 150 firms, the Directory provides a comprehensive range of solutions and services that staffing firms may require to operate their businesses more efficiently and more effectively. Our categories include: Advisors & Consultants Analytics & Benchmarking Candidate Assessment Candidate Engagement Compliance, Payroll & Umbrella Front & Back Office Software Online Job Advertising Recruitment Marketplaces Sourcing Automation Staffing Platform-as-a-Service (SPaaS), full list of categories can be found on the directory tab. If you believe yo …
- Temporary Staffing Platform Update
Staffing platforms marry technology and processes found in talent platforms (e.g. two-sided digital labor marketplace, ratings systems, algorithmic recruiting, management, and matching) with traditional staffing firm pricing models. The list of major staffing companies with a platform component has rapidly expanded since the pandemic. Today, 12 of the 15 largest staffing firms worldwide have a staffing platform, up from just four in 2019. The worldwide market for temporary staffing platforms reached a scale of $18.0 billion in 2023, a decline of 17% y/y. Despite the decline in 2023, temporary staffing platforms have achieved a 55% CAGR since 2019. Temporary staffing platform segment mix differs considerably from the overall global temporary staffing market. Most notable is the outsized pla …
- Renewable Energy Staffing Global Market Assessment
Globally, employment in the renewable energy industry is estimated to expand 8% in 2024, 9% in 2025, and a further 40% through 2030. We estimate the industry will add close to 10 million new jobs over the next seven years, and many roles will require workers with skillsets that are highly specialized or in high demand, providing great opportunities for companies operating in the workforce solutions ecosystem. Strong demand growth for renewable energy workers stems from ongoing support from both public and private sectors for the transition away from fossil fuels toward electricity with lower carbon footprints. This report analyses the renewable labor market as a whole as well as the markets for specific renewable technologies. Labor markets in the renewable energy sector vary in terms of t …
- Workforce Solutions Buyer Survey 2024: Initial Findings
This report contains initial findings of the 2024 Workforce Solutions Buyer Survey, including survey questions and summary statistics. The survey was conducted in early 2024 and reflects the opinions of respondents from 165 companies with contingent workforce and/or workforce solutions programs globally. A map and table summarizing participant regions appears on page 16. To qualify for the survey, a company must have 1,000 or more full-time equivalent employees (not including contingent workers). Only one respondent per company was used. More detailed analyses of survey responses will be released in separate reports. To access the complete report, please select the link below: Workforce Solutions Buyer Survey 2024 Initial Findings Global 03202024 – You do not have permission to view this o …
- Asia Pacific Legal Update Q1 2024
In this report, we round up the legal developments affecting the workforce solutions ecosystem across the Asia Pacific region in Q1 2024:Australia Changes to classification of employees, casual workers and platform workers in Closing Loopholes No.2 Act Paid parental leave increase from 1 July 2024 Hong Kong Gradual increases to statutory holidays introduced Rule “418” for determining continuous employment set to change Japan Employers’ obligations to notify terms and conditions of employment to change …
