Global Daily News

  • Alphabet workers sign letter asking company to do more to protect them, including for temps, from harassment

    A group of 1,594 workers at Alphabet, the parent company of Google, signed an open letter to the company posted Friday on Medium saying the company must do more to stop harassment and stop protecting those accused of harassment, including for temps.The letter came in response to an opinion piece in The New York Times.Friday’s letter said there is a pattern at the company where the harasser is protected instead of the person being harassed. It cited as examples an article on Andy Rubin by The New York Times and an article on Amit Singhal in the Guardian newspaper. Rubin received $90 million when leaving the company despite a misconduct claim, according to the Times. Singhal receive $35 million when he left amid a claim, according to the Guardian.“Even after more than 20,000 Alphabet wo …

  • Pandemic could be prompting more people to become nurses

    One positive outcome of the pandemic is that it may spur more young people to choose nursing as a career, according to an update on travel nursing released by American Traveler Staffing Professionals, a healthcare staffing provider based in Boca Raton, Florida.A separate study by the American Association of Colleges of Nursing released earlier this month found that enrollment in nursing schools surged in 2020 despite the pandemic. In programs to prepare nurses at the baccalaureate level, enrollment increase by 5.6% in 2020 with 251,145 now in these programs.At the master’s level, the increase was 4.1%.In addition, American Traveler said the pandemic may prompt some experienced nurses to choose to become qualified instructors.“Hiring qualified educators is a key to reversing the long-time U …

  • More than 80% of middle-market CEOs to allow partial remote work after pandemic

    More than 80% of middle-market CEOs say they are likely to allow for a partial remote workforce even after the Covid-19 pandemic is over, according the most recent CEO survey from Marcum LLP and Hofstra University’s Frank G. Zarb School of Business.A permanent shift to a partially remote workforce was cited most often by CEOs when asked to predict long-term business changes as a result of the pandemic, with 82% of those surveyed saying they were likely or very likely to permit some employees to work from home.“There is no doubt that workplace practices, policies and behaviors will be changing permanently in many ways, post-Covid,” said Janet Lenaghan, dean of the Zarb School of Business. “Mid-market CEOs clearly recognize that giving people flexibility is a smart business strategy that lea …

  • Career platform Glints announces $22.5 million funding round

    Glints, an online career platform headquartered in Singapore, announced a US$22.5 million funding round led by Tokyo-based staffing firm Persol Holdings, according to a post.Other investors taking part in the round included Monk’s Hill Ventures, based in Asia; Wavemaker Partners, headquartered in Los Angeles and Singapore; Fresco Capital, based in San Francisco; and Mindworks Ventures, based in Hong Kong.Glints noted it has more than 4 million professionals visiting its site every month and serves more than 35,000 employers in southeast Asia.In addition to job ads, the company said it recently expanded its offerings for workers, such as a “Glints Community,” a career form with more than 50,000 posts; “Glints Academy,” an online coding boot camp; and “Glints ExpertClass,” offering onli …

  • University study indicates bias in Facebook job ads (The Associated Press)

    A new study indicates that how Facebook shows job ads differently to men and women might run afoul of the law, The Associated Press reported. Researchers at the University of Southern California examined the ad-delivery algorithms of Facebook and LinkedIn and found that Facebook’s ads were skewed by gender beyond what may be acceptable. For example, men were more likely to see Domino’s pizza-delivery driver job ads while women were more likely to see Instacart shopper ads.

  • Denmark – Jobindex upgrades full year results forecast

    Danish job board Jobindex announced it is raising its expectations for its full year 2021 results.The job board said it has experienced a record high level of job advertisements in March, and the high level has continued at the beginning of April.The updated guidance is based on preliminary and unaudited financial figures for the first quarter of 2021. For the first quarter of 2021, the company expects net revenue of approximately DKK 95 million (€12.7 million), up from DKK 73 million (€9.8 million) in the first quarter of 2020. At the same time, it expects an operating profit before interest and tax of around DKK 35 million (€4.7 million) against DKK 18 million (€2.4 million) the year prior.As a result, Jobindex has upgraded its full year 2021 forecast to a net turnover of approximat …

  • UK – MCG Group appoints former Randstad UK CEO as head of its construction arm

    Recruitment firm the MCG Group has appointed Mark Bull as managing director of the group’s construction arm, MCG Construction.Bull has held senior leadership roles within the construction industry for over 15 years. Most notably as managing director of Hill McGlynn, Randstad Construction, Property & Engineering (CP&E). Most recently, Bull served as CEO of Randstad UK, Middle East & Ireland.MCG Construction provides recruitment solutions and construction logistics to companies and projects across the UK. The business is part of the wider MCG Group, a group of companies providing people focused services specialising in aerospace, construction, education, healthcare and technology.According to MCG, Bull’s new role will drive the unification of the construction business’ logistics …

  • World – OECD unemployment rate 1.4% above pre-pandemic levels

    The unemployment rate in the OECD (Organisation for Economic Co-operation and Development) countries declined in February 2021, to 6.7% from 6.8% in January 2021. However, this was 1.4% above the level observed in February 2020, before the Covid-19 pandemic hit the labour market.In February 2021, the unemployment rate was stable in the euro area at 8.3% when compared to the previous month and 1.0% above its pre-pandemic level.Latvia, with an increase of 0.2% (to 8.7%) and Slovenia with a decrease of 0.2% (to 4.9%) represented the largest changes in this area, month-to-month while little movement was observed in other countries.Outside of the euro area, Israel’s unemployment rate increased by 0.5% to 5.1% in February 2021. The unemployment rate in South Korea fell by 1.4% in February 2021. …

  • Spain – Majority of workers believe getting vaccinated will improve job opportunities

    The majority, or 69.8%, of Spanish workers trust that their employment opportunities will improve after being vaccinated, according to Randstad Spain.This is the highest percentage in Europe in terms of confidence in the positive impact of vaccination on the labour market. This rate is 20.7% higher than the European average (49.1%) and 14% above the world average (55.8%).In Spain, men expect the most from their future work prospects once they receive the vaccine (75.1%), while in the case of women the percentage is 64.3%.Regarding age groups, 71.3% of professionals between 25 and 45 years of age think that vaccination will have a positive impact on their situation, while 68.1% of workers under the age of 25 think so, and 67.9% of those over 45 think this to be the case.Meanwhile, 63.5 …

  • World – PageGroup first-quarter gross profit up 2% as recovery nears pre-pandemic levels

    International specialist recruitment firm PageGroup (MPI: LSE) issued a trading update for the first quarter ended 31 March 2021 with group gross profit of £184.2 million, up 2.0% in constant currency when compared to the prior year.The Asia Pacific region recorded gross profit growth of 15.3% in constant currency. However, despite an improvement from the previous quarter, the UK saw the biggest decline of all the markets with a 11.0% fall in constant currency when compared to the previous year.Gross profit for the first quarter by region was broken down as follows. (£ millions) Q1 2021 Q1 2020 Change Constant Currency EMEA 95.9 91.2 5.1% 3.6% Asia Pacific 35.9 31.3 14.8% 15.3% UK 25.6 28.9 -11.0% -11.0% Americas 26.8 30.9 -13.5% -4.3% Total 184.2 182.3 1.0% 2.0% Unless otherwise stated, a …

  • Japan – Like Co revenue rises 4.8% as profits climb

    Japanese staffing firm Like Co Ltd (2462: JP) reported revenue for the nine months ended 28 February 2021 of JPY 39.26 billion (USD million), up 4.8% when compared to last year. (JPY millions) 9 months 2021 9 months 2020 Change 9 months 2021 (USD millions) Revenue 39,265 37,483 4.8% 358.7 Gross Profit 6,340 5,725 10.7% 57.9 Gross Margin 16.1% 15.2% – – Operating Profit 1,820 1,314 38.4% 16.6 Net Income 1,431 680 110.2% 13.0  Like Co Ltd provides general worker dispatching and employment placement services. The company also provides outsourcing staffing, recruitment, and education support services for the mobile phone sales industry in Japan.Looking ahead, revenue forecasted for the full year ended May 2021 stands at JPY 54.00 billion (USD 490 million).Shares in Like closed at JPY 2,03 …

  • Japan – Media Five revenue down slightly as it reports losses

    Media Five (3824: JP), a Japanese firm that provides engineers to the IT industry, reported revenue yesterday today for the nine months ended 28 February 2020 of JPY 1.13 billion (USD 10.3 million), down 0.7% compared to last year. (JPY millions) 9 months 2021 9 months 2020 Change 9 months 2021 (USD millions) Revenue 1,136 1,144 -0.7% 10.3 Gross Profit 386 390 -0.9% 3.5 Gross Margin 34.0% 34.0% – – Operating Profit 110 -51 N/A 1.0 Net Income -89 -41 N/A -0.8  Media Five operates two primary business segments: Business-to-Business, which includes the company’s staffing operations; and Business-to-Consumer, which involves software and project development. In addition to those businesses, Media Five also operates a construction business.The group said its results for the nine-months peri …

  • World – Blockchain skills top Freelancer.com’s ‘Fast 50’ list

    Blockchain technology skills posted the fastest growth in demand, according to Freelancer.com’s “Fast 50” report for the first quarter. The online staffing platform reported the number of blockchain technology jobs on its site rose 59% since the fourth quarter to a total of 2,207 jobs.Freelancer.com noted the increase in the price of bitcoin and the trend in trading of NFTs (nonfungible tokens) may have driven growth. NFTs are digital files such as art, audio, videos and other creative work, each of which is unique.Surprisingly, Photography skills also rose by 50%; it was the second-fastest category for job growth.On the flip side, Microsoft Office skills saw the fastest decline in demand with the number of jobs falling 27% quarter over quarter in the first quarter.Sydney, Australia-based …

  • India – Temporary hiring predicted to double in 2021 to pre-Covid levels (Financial Express)

    Temporary hiring in India could double in 2021 over 2020 going back to pre-covid levels, reports Financial Express citing a statement from Indian staffing firm TeamLease Services. Deval Singh, Business Head, (mobilisation), of TeamLease Services, says this is the result of managements tweaking their business models. “Companies are still facing uncertainty and are trying to minimise costs. With temporary hires, they get a pool of talent that can be tested and later absorbed in permanent positions if it’s needed,” Singh said. Meanwhile, companies are said to be playing it safe by adding more temporary staff rather than taking on too many permanent employees amid the pandemic. Although this relates primarily to entry level positions, they’re using this approach to recruit for some senior role …

  • Australia – Uber Eats riders in Sydney earn less than minimum casual wage in peak times, inquiry told (ABC News)

    ABC News reports that a New South Wales Senate inquiry has heard Uber Eats delivery riders in Sydney, Australia earn less than the casual minimum wage during peak meal times. The Select Committee on Job Security opened with the first of its public hearings into the gig economy, hearing from representatives of Uber, Uber Eats, Ola and Deliveroo. In its submission to the committee, Uber said its Uber Eats delivery riders earned AUD 21.55 per hour in Sydney through the app over peak meal times, this is below the AUD 24.80 casual workers wage in Australia. Uber told the committee most of its drivers, who are currently classed as independent contractors, did not want to become employees. Uber ANZ chief Dominic Taylor said, “The majority of drivers use Uber as a supplementary income. …

Latest Research

  • SIA | Bullhorn Staffing Indicator – April 8, 2021

    Indicator points to robust growth in professional staffing and recovery in commercial staffing hours worked Week ending Apr 3, 2021 Indexed Value Y/Y W/W US Staffing 101 +22% -1% Commercial Staffing 91 +18% -2% Professional Staffing 127 +32% +0.1% IntroductionReleased weekly, the SIA | Bullhorn Staffing Indicator comprises two sets of analyses; a Year-over-Year comparison showing how the most recent week compares to the same week 12 months previously and an indexed value that has been benchmarked against data from the week ending January 19th, 2019. We note the readings for the last 4 weeks are subject to revision and so should be viewed as preliminary, with the reading for last recorded week the most likely to be revised in next week’s data release. For further information on how the Indi …

  • North America Internal Staff Survey 2021: Full Report

    Key Findings:The 2021 Internal Staff Survey represents Staffing Industry Analysts’ ninth survey of the staffing industry’s internal employee population. The following reports are contained herein: Lessons learned from adapting to COVID-19 crisis What should be automated next? Internal staff perception of diversity and inclusion at staffing firms Remote work prevalence, staff experience, and how to support it Internal staff job satisfaction (or lack thereof), and what drives it By what metrics should staff be measured? Advice to new employees, mistakes to avoid, how to succeed Operational structures: what works better combined and what should be kept separate? Internal staff ideas on how to build trust with employees Internal staff career plans What can management do to help staff develop p …

  • April 2021 US Jobs Report

    Event: In today’s monthly jobs report from the US Bureau of Labor Statistics (BLS), total nonfarm employment rose by 916,000 in March on a seasonally adjusted basis; temporary help services lost 800 jobs. The temporary agency penetration rate slipped from 1.93% to 1.92%. The national unemployment rate declined again last month, from 6.2% to 6.0%, even with a rise in the labor force.The number of unemployed who described themselves as “on temporary layoff” declined by 203,000 last month to 2.0 million, though is still 1.3 million higher than the pre-COVID level in February 2020. The number of unemployed who described themselves as “permanent job losers” declined by 65,000 and is 2.1 million higher than the level in February 2020.13 of the 15 major industry groups gained jobs for the month. …

  • North America Internal Staff Survey 2021: Remote work prevalence, staff experience, and how to support it

    Key Findings: Internal staff were asked several questions in the current and in previous SIA surveys about their experience with remote work. Remote work rose sharply during the COVID crisis. Most staff feel they have the tools and support needed to work remotely. Nonetheless, staff suggested seven ways that support could be improved. The option to work remotely is important to overall employee satisfaction. The share of internal staff working remotely increases in almost all occupations as a function of years of experience. Staff also listed the four ways in which remote working helps, and four disadvantages to remote work. To access the complete report, please select the link below: North America Internal Staff Survey 2021 Remote work prevalence, staff experience – You do not have permis …

  • The Virtual Assistant Landscape

    A Virtual Assistant (‘VA’) is a worker who provides various services to entrepreneurs, SMBs or larger businesses from a remote (and often offshore) location. The core services offered include those general administrative duties that might typically be performed by a personal assistant, however, this narrow definition does not do justice to the wide variety of workers that most VA firms can provide. Within SIA’s Workforce Solutions Ecosystem, Virtual Assistants is a sub-category of the Business Process Outsourcing (BPO) market. It is, however, a less visible part of the market compared to the large-scale Enterprise BPO solutions offered by firms such as IBM, Wipro, Accenture, Capgemini, Infosys, Sodexho and Cognizant. The market for Virtual Assistants is not new; the more established firms …

  • The Virtual Assistant Landscape

    A Virtual Assistant (‘VA’) is a worker who provides various services to entrepreneurs, SMBs or larger businesses from a remote (and often offshore) location. The core services offered include those general administrative duties that might typically be performed by a personal assistant, however, this narrow definition does not do justice to the wide variety of workers that most VA firms can provide. Within SIA’s Workforce Solutions Ecosystem, Virtual Assistants is a sub-category of the Business Process Outsourcing (BPO) market. It is, however, a less visible part of the market compared to the large-scale Enterprise BPO solutions offered by firms such as IBM, Wipro, Accenture, Capgemini, Infosys, Sodexho and Cognizant. The market for Virtual Assistants is not new; the more established firms …

  • EMEA Financial Results Q4 2020

    Revenue in the reported 36 publicly traded staffing firms in the EMEA region fell by a median of 14.3% during Q4 2020, compared to the same period in 2019. Among the companies included in this report, 29 firms reported a decrease in revenue.The Covid-19 outbreak negatively impacted the results of many staffing firms during Q4 2020. The subsequent lockdowns and restrictions led to many European countries entering a recession. The majority of lockdown measures were enacted in March 2020, however subsequent restrictions during the third and fourth quarters impacted results for many firms.The median gross margin grew slightly by 0.6% compared to last year. Median net income fell by -23.7%.To download the full report, please click below: EMEA Financial Results Q4 2020 – You do not have permissi …

  • Most Attractive Staffing Markets Globally 2021

    This report provides comparative insights in over 60 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 last analysis published in 2020. This global analysis is also broken down by region: Americas, Europe, Middle East and Africa, Asia-Pacific. The accompanying web-based, interactive assessment tool allows for fine-tuning this analysis to your business case. The tool is accessible from the report’s landing page. India and Malaysia stand out as the most attractive markets globally, according to our analysis, followed by China and Ireland. These markets’ most attractive traits are highlighted in this report. The dramatic impact of the COVID-19 crisis is clear on a number of markets. Ho …

  • IR35 Off-Payroll Working Rules: Updated FAQs for Buyers

    Key Findings From 6 April 2021, the IR35 Off-Payroll Working Rules (“Rules”) will cover medium and large private sector organisations engaging contractors through their personal service limited company (PSC) as well as public sector employers. This report provides information in answer to some of the key questions that contingent workforce buyers have around the interpretation and implementation of the IR35 Off-Payroll Working Rules from April 2021. The information contained in this report is based, in part, on the guidance published by HMRC updated on 24 February 2021. To download the full report, click below: IR35 Offpayroll Working Rules FAQ Buyers Update March 20210312 – You do not have permission to view this object. Legal Disclaimer: The information contained in this report is provid …

  • IR35 Off-Payroll Working Rules: FAQs for Suppliers

    Key Findings From 6 April 2021, the IR35 Off-Payroll Working Rules (“Rules”) will cover medium and large private sector organisations engaging contractors through their personal service limited company (PSC) as well as public sector employers. This report provides information in answer to some of the key questions that contingent workforce suppliers have around the interpretation and implementation of the IR35 Off-Payroll Working Rules from April 2021. The information contained in this report is based, in part, on the guidance published by HMRC updated on 24 February 2021.  To download the full report, click below: IR35 Offpayroll Working Rules FAQ Supplier 20210312 – You do not have permission to view this object. Legal Disclaimer: The information contained in this report is provided …

  • The Virtual Assistant Landscape

    A Virtual Assistant (‘VA’) is a worker who provides various services to entrepreneurs, SMBs or larger businesses from a remote (and often offshore) location. The core services offered include those general administrative duties that might typically be performed by a personal assistant, however, this narrow definition does not do justice to the wide variety of workers that most VA firms can provide. Within SIA’s Workforce Solutions Ecosystem, Virtual Assistants is a sub-category of the Business Process Outsourcing (BPO) market. It is, however, a less visible part of the market compared to the large-scale Enterprise BPO solutions offered by firms such as IBM, Wipro, Accenture, Capgemini, Infosys, Sodexho and Cognizant. The market for Virtual Assistants is not new; the more established firms …

  • Most Attractive Staffing Markets Globally 2021

    This report provides comparative insights in over 60 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 last analysis published in 2020. This global analysis is also broken down by region: Americas, Europe, Middle East and Africa, Asia-Pacific. The accompanying web-based, interactive assessment tool allows for fine-tuning this analysis to your business case. The tool is accessible from the report’s landing page. India and Malaysia stand out as the most attractive markets globally, according to our analysis, followed by China and Ireland. These markets’ most attractive traits are highlighted in this report. The dramatic impact of the COVID-19 crisis is clear on a number of markets. Ho …

  • Outplacement Landscape 2021

    While outplacement experienced a negative hit at the start of the pandemic, demand picked up in the second half of 2020 and into 2021. However, unlike other downturns, government support programs in certain countries have managed to stall redundancies and dampen demand for outplacement to some degree. SIA estimates the global outplacement market achieved revenue of USD 2.3 billion in 2020, an increase of 7% over the prior year. The outplacement market comprises three large global providers, 23 strong regional/national firms, three global alliances and a long tail of more than 140 small providers. The largest vendors based on revenue include LHH (also known as Lee Hecht Harrison), Right Management and Randstad RiseSmart. While there are a number of specialist providers, outplacement is more …

  • Funders and Advisors Directory 2021

    This directory provides full records for over 30 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.An additional 110+ firms who have been identified as providing M&A services to the staffing industry 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, shown below.Please note that the information included herein is self-reported and then edited for consistency sake by SIA. We cannot vouch for the accuracy of each record, nor should inclusion …

  • Largest Staffing Firms in India

    We estimate that the Indian Staffing Market was worth INR 461 billion (USD 6.6 billion) in 2019. Broken down between temporary agency work (86%) and permanent recruitment (14%).The market is becoming more consolidated with Bengaluru-headquartered Quess and TeamLease having a market share of 14% and 11% respectively. Overall, the top twenty companies have a 51% market share with the remaining 20,000 companies generally more narrowly focused on one city, one industry, or with just one client.This report features the twenty largest staffing firms in India based on sales generated in the country in 2019 (2020 figures are not yet available given COVID-related filing delays); the ranking has been created using feedback directly from the firms, publicly available information and/or estimates base …