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  • North America Staffing Firm Predictions

    Key Findings: Predictions from current survey. Staffing executives were asked “What staffing trends do you think will have the most impact on your business over the next 10 years?” The question was open-ended, with no prompts to suggest answers. Predictions were dominated by eight broad themes: An increased role for technology/artificial intelligence (AI) Expansion of gig work and staffing convergence with human cloud A continuation of talent shortages More legislative/regulatory involvement in staffing Increased VMS/MSP use Clients doing more in-house recruiting Negative economic trends Increased use of flexible/remote work Predictions from 2018 survey. Asked about factors inhibiting growth, respondents overwhelmingly said that the main factor inhibiting growth currently was the talent shortage -- both for temporary workers and for internal staff. Respondents expected the talent shortage to recede somewhat over the next ten years, and for other factors -- decline in jobs due to automation, changes in economic trends, and legislation -- to become relatively greater challenges in terms of staffing growth. Executives were also asked about recruiter productivity, as measured by job orders filled per recruiter per week, and predicted it to double over the next ten years. Predictions from 2014 survey. Ten-year predictions were also made in 2014, regarding sources of revenue, recruiting and sales, and potential changes in the staffing model, and are noted in the back pages of this report. Some of these predicted changes are well under way. To access the complete report, please select the link below: North America Staffing Company Survey 2019 Staffing exective predictions 20191120 - You do not have permission to view this object. […]

  • Largest Global Staffing Firms 2019

    The 100 firms on our list of the world’s largest staffing firms have a combined turnover of $225 billion (€190 billion) in 2018. The order of the top three ranked firms has changed this year. With Randstad, as the world’s largest staffing firm based on combined staffing and place and search revenue, followed by Adecco Group and ManpowerGroup. Their combined market share of just under 15%, is very slightly down from last year. The top 10 firms account for 25% of total revenue (2017: 25%), while the top 100 in total represent 46% of the total market, above the previous year (44%) Forty-eight staffing firms on this list are headquartered in EMEA, while 36 are headquartered in North America and 16 in Asia. There are eight companies that no longer make the list, all but one because their revenue is no longer large enough. In total, 37 of the 100 largest firms are publicly listed. Five companies (two of which are publicly listed) specialise in executive search. The complete list can be found from page seven onwards. Our definition of staffing and place & search and the methodology for this report can be found on page twelve. We have ranked companies by revenue for staffing and place & search combined, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank necessarily provides better service to customers or more value to its stakeholders. Staffing firms vary in degree of financial transparency, and even when forthcoming with information, in some cases data provided was adjusted for greater accuracy and consistency. Therefore, for all firms in this report, revenue shown should be considered an estimation by Staffing Industry Analysts. To download the full report please click below: Largest Global Staffing Firms 20191118 (2) - You do not have permission to view this object. […]

  • Global Staffing Forecast: November 2019

    Key Findings: We estimate that in 2018, the staffing industry generated USD 491 billion of revenue worldwide (EUR 416 billion). Three countries (US, Japan, UK) made up a majority of revenue. 89% of staffing revenue was made up by temporary staffing and the remainder by place & search. SIA projects global staffing revenue to decelerate from growth of 5% last year to 2% this year, driven by a global economic slowdown that has been heavily weighted toward trade and manufacturing. Additionally, certain countries such as Germany and Italy are being impacted by regulatory changes that are unfavorable for temporary staffing. Our global staffing market growth projections are on a constant-currency basis. We forecast growth to pick up to 3% next year as part of a mild recovery to the current global economic slowdown though acknowledge that there are a number of external macro-economic and political risks which could jeopardize this recovery. According to the World Economic Forum (WEF), the most significant risk to the global economy is a slowdown in Chinese economic growth exacerbated by a trade war with the US but also due to the transition from export and investment-led growth to more sustainable domestic consumption-led growth. The WEF also highlights the risk of a rise in global long-term real interest rates, political ‘populism’, US political tensions, a messy Brexit, Italy’s debt problems and heightened geopolitical issues. Given the current global economic slowdown is rooted much more in manufacturing, with the services sector less affected, staffing markets with a greater balance of professional jobs (e.g., US, UK) have generally been less vulnerable to the macro headwinds than those with a dominant share of industrial occupations (e.g., Germany, France, Italy, Belgium). The full report can be downloaded by clicking the link below: Global Staffing Industry Forecast November 2019 20191117 - You do not have permission to view this object. […]

  • Staffing's Top Regulatory Concerns

    Key Findings: This report is based on responses to the following two survey questions: “What current legislation or regulation is having the most negative effect on your business this year?” “What forthcoming legislation or regulation are you most concerned about?” Top legal concerns of North American staffing firms. Three issues dominated, together accounting for half of all reported concerns. The Affordable Care Act (ACA) took the top spot for the sixth year in a row. Compliance with ACA was the main concern, but a few also expressed anxiety about potential changes in the law and/or repeal. Immigration issues, such as uncertainty about changes in rules governing immigration and limitations on H-1B visas, were the second most frequently cited current and upcoming concern. Time off in various forms -- mandatory sick leave (time off for illness), PTO, and family leave -- were also a commonly noted current concern and the top forthcoming concern. Top legal concerns of UK staffing firms. The extension of IR35 Off-Payroll Working rules to private sector businesses using independent contractors from April 2020 was the top concern currently and for the near future. The General Data Protection Regulation (GDPR) (a law intended to strengthen and unify data protection for individuals within the European Union) ranked second in current concerns. Brexit was a lesser concern both currently and upcoming. Top legal concerns of European (excluding UK) staffing firms. The General Data Protection Regulation was the top concern currently. Assignment length limits also accounted for a large portion of current concern responses. Independent contractor misclassification, Brexit and EU legislation regarding temporary contracts were lesser concerns. Note: In many cases, as the average number of mentions for each of the issues was sometimes small (particularly outside of North America), the rank order in the tables should not be given too much weight. Nonetheless, items toward the very top of the tables were typically cited disproportionately. To access the complete report, please select the link below: Global Staffing Company Survey 2019 Concerns about current and upcoming legislation 20191116 - You do not have permission to view this object. […]

  • Largest Global Staffing Firms 2019

    The 100 firms on our list of the world’s largest staffing firms have a combined turnover of $225 billion (€190 billion) in 2018. The order of the top three ranked firms has changed this year. With Randstad, as the world’s largest staffing firm based on combined staffing and place and search revenue, followed by Adecco Group and ManpowerGroup. Their combined market share of just under 15%, is very slightly down from last year. The top 10 firms account for 25% of total revenue (2017: 25%), while the top 100 in total represent 46% of the total market, above the previous year (44%) Forty-eight staffing firms on this list are headquartered in EMEA, while 36 are headquartered in North America and 16 in Asia. There are eight companies that no longer make the list, all but one because their revenue is no longer large enough. In total, 37 of the 100 largest firms are publicly listed. Five companies (two of which are publicly listed) specialise in executive search. The complete list can be found from page seven onwards. Our definition of staffing and place & search and the methodology for this report can be found on page twelve. We have ranked companies by revenue for staffing and place & search combined, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank necessarily provides better service to customers or more value to its stakeholders. Staffing firms vary in degree of financial transparency, and even when forthcoming with information, in some cases data provided was adjusted for greater accuracy and consistency. Therefore, for all firms in this report, revenue shown should be considered an estimation by Staffing Industry Analysts. To download the full report please click below: Largest Global Staffing Firms 20191118 - You do not have permission to view this object. […]

  • Global Staffing Forecast November 2019

    Key Findings: We estimate that in 2018, the staffing industry generated USD 491 billion of revenue worldwide (EUR 416 billion). Three countries (US, Japan, UK) made up a majority of revenue. 89% of staffing revenue was made up by temporary staffing and the remainder by place & search. SIA projects global staffing revenue to decelerate from growth of 5% last year to 2% this year, driven by a global economic slowdown that has been heavily weighted toward trade and manufacturing. Additionally, certain countries such as Germany and Italy are being impacted by regulatory changes that are unfavorable for temporary staffing. Our global staffing market growth projections are on a constant-currency basis. We forecast growth to pick up to 3% next year as part of a mild recovery to the current global economic slowdown though acknowledge that there are a number of external macro-economic and political risks which could jeopardize this recovery. According to the World Economic Forum (WEF), the most significant risk to the global economy is a slowdown in Chinese economic growth exacerbated by a trade war with the US but also due to the transition from export and investment-led growth to more sustainable domestic consumption-led growth. The WEF also highlights the risk of a rise in global long-term real interest rates, political ‘populism’, US political tensions, a messy Brexit, Italy’s debt problems and heightened geopolitical issues. Given the current global economic slowdown is rooted much more in manufacturing, with the services sector less affected, staffing markets with a greater balance of professional jobs (e.g., US, UK) have generally been less vulnerable to the macro headwinds than those with a dominant share of industrial occupations (e.g., Germany, France, Italy, Belgium). The full report can be downloaded by clicking the link below: Global Staffing Industry Forecast November 2019 20191117 - You do not have permission to view this object. […]

  • Staffing's Top Regulatory Concerns

    Key Findings: This report is based on responses to the following two survey questions: “What current legislation or regulation is having the most negative effect on your business this year?” “What forthcoming legislation or regulation are you most concerned about?” Top legal concerns of North American staffing firms. Three issues dominated, together accounting for half of all reported concerns. The Affordable Care Act (ACA) took the top spot for the sixth year in a row. Compliance with ACA was the main concern, but a few also expressed anxiety about potential changes in the law and/or repeal. Immigration issues, such as uncertainty about changes in rules governing immigration and limitations on H-1B visas, were the second most frequently cited current and upcoming concern. Time off in various forms -- mandatory sick leave (time off for illness), PTO, and family leave -- were also a commonly noted current concern and the top forthcoming concern. Top legal concerns of UK staffing firms. The extension of IR35 Off-Payroll Working rules to private sector businesses using independent contractors from April 2020 was the top concern currently and for the near future. The General Data Protection Regulation (GDPR) (a law intended to strengthen and unify data protection for individuals within the European Union) ranked second in current concerns. Brexit was a lesser concern both currently and upcoming. Top legal concerns of European (excluding UK) staffing firms. The General Data Protection Regulation was the top concern currently. Assignment length limits also accounted for a large portion of current concern responses. Independent contractor misclassification, Brexit and EU legislation regarding temporary contracts were lesser concerns. Note: In many cases, as the average number of mentions for each of the issues was sometimes small (particularly outside of North America), the rank order in the tables should not be given too much weight. Nonetheless, items toward the very top of the tables were typically cited disproportionately. To access the complete report, please select the link below: Global Staffing Company Survey 2019 Concerns about current and upcoming legislation 20191116 - You do not have permission to view this object. […]

  • Most Complex Staffing Markets

    60 different contingent markets assessed across six Continents. Complex markets identified among both emerging and established contingent markets. Egypt and Venezuela are ranked the most complex locations, followed by Brazil. Most complex Asian contingent market is Indonesia followed by Vietnam and China. The least complex markets in our analysis is New Zealand, followed by the United States and the United Kingdom. The markets that have become less complex compared to a year ago are: France, Austria, Finland and Turkey. The markets that have become more complex compared to a year ago are: Chile, Mexico Singapore and South Africa. To download a full copy of the report, click below: Most Complex Contingent Markets Globally 20191115 - You do not have permission to view this object. To download a copy of the interactive Market Complexity Assessment Tool, click below: Market Complexity Assessment Tool 20191115 - You do not have permission to view this object. […]

  • Largest Global Staffing Firms 2019

    The 100 firms on our list of the world’s largest staffing firms have a combined turnover of $225 billion (€190 billion) in 2018. The order of the top three ranked firms has changed this year. With Randstad, as the world’s largest staffing firm based on combined staffing and place and search revenue, followed by Adecco Group and ManpowerGroup. Their combined market share of just under 15%, is very slightly down from last year. The top 10 firms account for 25% of total revenue (2017: 25%), while the top 100 in total represent 46% of the total market, above the previous year (44%) Forty-eight staffing firms on this list are headquartered in EMEA, while 36 are headquartered in North America and 16 in Asia. There are eight companies that no longer make the list, all but one because their revenue is no longer large enough. In total, 37 of the 100 largest firms are publicly listed. Five companies (two of which are publicly listed) specialise in executive search. The complete list can be found from page seven onwards. Our definition of staffing and place & search and the methodology for this report can be found on page twelve. We have ranked companies by revenue for staffing and place & search combined, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank necessarily provides better service to customers or more value to its stakeholders. Staffing firms vary in degree of financial transparency, and even when forthcoming with information, in some cases data provided was adjusted for greater accuracy and consistency. Therefore, for all firms in this report, revenue shown should be considered an estimation by Staffing Industry Analysts. To download the full report please click below: Largest Global Staffing Firms 20191118 (2) - You do not have permission to view this object. […]

  • Global Staffing Forecast November 2019

    Key Findings: We estimate that in 2018, the staffing industry generated USD 491 billion of revenue worldwide (EUR 416 billion). Three countries (US, Japan, UK) made up a majority of revenue. 89% of staffing revenue was made up by temporary staffing and the remainder by place & search. SIA projects global staffing revenue to decelerate from growth of 5% last year to 2% this year, driven by a global economic slowdown that has been heavily weighted toward trade and manufacturing. Additionally, certain countries such as Germany and Italy are being impacted by regulatory changes that are unfavorable for temporary staffing. Our global staffing market growth projections are on a constant-currency basis. We forecast growth to pick up to 3% next year as part of a mild recovery to the current global economic slowdown though acknowledge that there are a number of external macro-economic and political risks which could jeopardize this recovery. According to the World Economic Forum (WEF), the most significant risk to the global economy is a slowdown in Chinese economic growth exacerbated by a trade war with the US but also due to the transition from export and investment-led growth to more sustainable domestic consumption-led growth. The WEF also highlights the risk of a rise in global long-term real interest rates, political ‘populism’, US political tensions, a messy Brexit, Italy’s debt problems and heightened geopolitical issues. Given the current global economic slowdown is rooted much more in manufacturing, with the services sector less affected, staffing markets with a greater balance of professional jobs (e.g., US, UK) have generally been less vulnerable to the macro headwinds than those with a dominant share of industrial occupations (e.g., Germany, France, Italy, Belgium). The full report can be downloaded by clicking the link below: Global Staffing Industry Forecast November 2019 20191117 - You do not have permission to view this object. […]

  • Most Complex Staffing Markets

    60 different contingent markets assessed across six Continents. Complex markets identified among both emerging and established contingent markets. Egypt and Venezuela are ranked the most complex locations, followed by Brazil. Most complex Asian contingent market is Indonesia followed by Vietnam and China. The least complex markets in our analysis is New Zealand, followed by the United States and the United Kingdom. The markets that have become less complex compared to a year ago are: France, Austria, Finland and Turkey. The markets that have become more complex compared to a year ago are: Chile, Mexico Singapore and South Africa. To download a full copy of the report, click below:Most Complex Contingent Markets Globally 20191115 Most Complex Contingent Markets Globally 20191115 - You do not have permission to view this object. To download a copy of the interactive Market Complexity Assessment Tool, click below:Market Complexity Assessment Tool 20191115 Market Complexity Assessment Tool 20191115 - You do not have permission to view this object. […]

  • APAC Listed Staffing Firms Q219 Financial Results

    Key Findings: Revenue in the reported 38 publicly traded staffing firms in the Asia Pacific region rose by a median of 5.5% during Q2 2019, compared to the same period in 2018. Among the companies included in this report, six reported a decrease in revenue. The median gross margin stood at -0.6% compared to last year. Median net income rose by 9.4%. Due to the varying nature of financial reporting styles across APAC, some companies reported their revenue in only half years and other diverse periods. Japan - The report includes 29 Japanese-based staffing companies. The Japanese companies reported year-on-year median revenue growth of 5.5%. Three firms reported a decrease in revenue. Australia – The report included job board SEEK. Two Australian staffing firms showed a decrease in revenue. Median revenue was up by 10.1% when compared to the previous year. The remaining companies are headquartered in China, New Zealand, Singapore and Taiwan. To download the full report, click below: APAC Q2 2019 - You do not have permission to view this object. […]