Global Daily News

  • Insurance pros believe Covid-19 raising risk, severity of cyberattacks

    Cyberattacks are set to increase as the Covid-19 pandemic drags on, Willis Towers Watson reports. A majority of insurance industry professionals globally, 86%, believe frequency of cyberattacks will increase. And 54% believe the severity of attacks will also increase.“This year’s survey shows quite clearly that risk professionals around the world believe that the pandemic has increased cyber risk, in some cases dramatically,” said Mark Synnott, global cyber practice leader at Willis Re, a reinsurance brokerage division of Willis Towers Watson.The increased concerns over cyberattacks may have been caused by the transition to remote working, increasing the vulnerability of many businesses, Willis Tower Watson reported.Expectation of a catastrophic cyber event leading to claims of $10 billion …

  • Contract watch: Hawaii to spend $14 million on Covid-19 healthcare staffing over next four months

    Hawaii’s Department of Health will spend $14 million to bring in more than 200 additional nurses and other specialists to the state during the next four months to help the state handle the Covid-19 crisis. The funding comes from the federal Coronavirus Aid, Relieve and Economic Security Act.The department contracted with Cincinnati-based healthcare staffing firm ProLink Healthcare.“As Hawaii faces increases in hospitalizations due to the ongoing Covid-19 crisis, the Department of Health wants to be sure our hospitals have sufficient surge capacity,” said Dr. Elizabeth Char, director of health. “During their time here, these experienced healthcare staff will be providing critical patient care as well as respite for our dedicated local healthcare workforce.”More than 85% of the positions are …

  • Latin America: Mexico’s economy showing signs of improvement

    Mexico’s economy is showing signs of improvement, the Federal Reserve Bank of Dallas reported this week. The country’s economy went into recession in June because of Covid-19 and gross domestic product fell at an annualized rate of 52.7% in the second quarter. However, the latest monthly data show that exports, industrial production, retail sales and employment are improving.The latest data available on Mexico’s global economic activity index, a monthly proxy for GDP, rose 8.9% in June after falling 2.4% in May and 17.5% in April.Formal sector employment — jobs with government benefits and pensions — rose at an annualized rate of 1.8% in August after five consecutive months of decline with total employment at 55 million. Still, employment was 4.1% below the August 2019 level.

  • People: Airswift; Beacon Hill; Major, Lindsey and Africa; Caldwell; Raines; Barrett; AtWork; Vaco

    Airswift named Neil Manfred as its new IT director to lead the firm’s digital transformation strategy. Manfred has more than 20 years of experience in global IT infrastructure and project management. He will be based in Manchester, UK.Paul Manzo will lead Beacon Hill Staffing’s new Beacon Hill Life Sciences office in Northern New Jersey as division director. Manzo has been with Beacon Hill since 2018 when he joined as business development manager for its life sciences team in Boston.Legal search firm Major, Lindsey and Africa announced Carlos Pauling will be executive director within its partner practice group, overseeing the performance of partner recruiters in the firm’s East Coast offices.Executive search firm The Caldwell Partners International Inc. (TSX: CWL) named Ben Jaksich as mana …

  • Second wave of employee duress coming as work-from-home continues (CNBC)

    Working from home doesn’t mean less productivity, but some large firms now worry about burnout, CNBC reports. Matthew Schuyler says a second wave of “employee duress” caused by Covid-19 is coming with children back in school and parents having to balance work with the needs of their children; the second wave will be longer-term as well. “With the isolation from work from home, we can expect to see more of it,” he says. “Keeping the workforce connected remotely was sustainable for a period of time, but it is harder as it goes on.”

  • UK – Chancellor announces new jobs support programme, but no relief for limited company freelancers

    UK Chancellor Rishi Sunak announced yesterday a new jobs programme, the Jobs Support Scheme, superseding the government’s Coronavirus Job Retention Scheme.The Jobs Support Scheme will see the government pay a third of hours not worked up to a cap, with the employer also contributing a third. This ensures employees earn a minimum of 77% of their normal wages, where the government contribution has not been capped.France and Germany already have similar programmes.The UK’s programme will open on 1 November 2020 and run for six months.The new support measures were announced in the wake of new restrictions in the UK to help contain the spread of the pandemic.“Many businesses are operating safely and viably, but they now face uncertainty and reduced demand over the winter months,” Sunak said in …

  • Nigeria – Jobberman Nigeria acquires recruitment platform Ngcareers.com

    Job portal Jobberman Nigeria and recruitment platform Ngcareers have reached into an agreement where Jobberman acquires 100% of Ngcareers.com.Financial details were not disclosed.Based in Nigeria, Ngcareers was founded in 2009 by Paul and Andrew Eze, and grew from a few hundred users to over 1 million users in Nigeria in 2019. The site features job vacancies, recruitment insights, and career advancement tools.Through this acquisition, ROAM Africa, the owner of Jobberman Nigeria, will further consolidate the Nigerian job marketplaces market with the aim to be the ultimate destination for job seekers in Nigeria with a focus on growth and ambitious innovation. Together, Jobberman Nigeria and Ngcareers aim to reach over more than one million Nigerians every month.Both Jobberman Nigeria and Ngc …

  • UK – Mid-September sees highest number of job ads since lockdown, REC finds

    Last week saw nearly 129,000 new job adverts posted online in the UK for the period between 14-20 September, 3.0% more than in the previous week and the highest number since the beginning of March, according to the latest Jobs Recovery Tracker from the Recruitment & Employment Confederation and labour market analytics firm Emsi.The number of active job adverts in the UK also continued to increase, with the total reaching 1.21 million last week. This was 1.8% higher than the previous week.The REC’s tracker has shown a trend of steady growth in job postings in recent months, since the first week of June, the total number of job postings has risen by around 25%.According to the tracker, with many children having returned to the classroom, there was a notable increase in adverts for school …

  • People – Airswift, WerkTalent Group, Thomas International

    Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, has appointed Neil Manfred as its new IT Director to lead the firm’s digital transformation strategy. Based in the Manchester, UK office, Manfred will lead driving Airswift’s global digital strategy forward, planning how best to deploy technological solutions and utilise data to optimise business functions, as well as enhance the value provided to clients. Manfred brings over 20 years of experience in global IT infrastructure and project management, having successfully run several technology procurement and system integration programs during his career. Prior to joining Airswift, he worked at GP Strategies Corporation.Marjolein van de Veerdonk was appointed General Manager of Dutch employm …

  • UK – Parity H1 revenue down 32.7% as pandemic hits public and private sectors

    Technology staffing firm Parity Group plc (PTY:LSE) reported revenue yesterday of £29.9 million for the six months ended 30 June 2020, a decrease of 32.7% when compared to the same period last year.Net revenue, defined as revenue minus contractor costs, amounted to £5.3 million, a decrease of 29.2% compared to 2019. The reduction in net revenue was due to the wind-down of a low-margin Scottish government contract.The impact of the Covid-19 pandemic significantly reduced new placements within existing projects, the duration of contract extensions, and limited new business opportunities that the group had expected would replace natural contract completions. (£ millions) H1 2020 H1 2019 Change Revenue 29.9 44.5 -32.7% Operating loss -0.2 -0.3 – Loss before tax -0.3 -0.5   Loss for the pe …

  • Japan – Careerlink upgrades forecast due to unexpected BPO projects

    Japan-based staffing firm Careerlink (6070: JP) announced that it has upgraded its forecast for the six months ended 31 August 2020.The group is forecasting revenue of JPY 13.96 billion (USD 132.35 million), up from the previously announced JPY 11.84 billion (USD 112.25 million). Forecasted operating profit is JPY 1.30 billion (USD 12.32 million), up from the previously announced JPY 565 million (USD 5.35 million), while forecast net income is JPY 930 million, up from the prior forecast of JPY 390 million (USD 3.69 million).Careerlink also raised its forecasted results for the year ended 28 February 2021. Forecasted revenue is now JPY 26.98 billion (USD 255.80 million), up from JPY 23.13 billion (USD 219.30 million). Forecasted operating income is now JPY 1.80 billion (USD 17.06 …

  • New Zealand – Employment confidence remains steady in September

    The Westpac McDermott Miller Employment Confidence Index remained steady at 87.4 in September from June’s 87.3 index score.The survey was held in early September, when the country was at Covid-19 Alert Level 2, which was not too different from conditions during the last survey in early June, with the country moving down from Level 2 to Level 1 near the end of the survey period.The latest Westpac McDermott Miller survey also shows that New Zealanders remain worried about the state of the labour market, with jobs hard to come by and earnings growth still weak.For this quarter’s survey the Index included some additional questions about how people’s employment situation has changed in the last three months, broadly coinciding with the expiry of the government’s wage subsidy scheme. The re …

  • World – Majority of employees believe there is a skills gap, study finds

    On average, 83% of employees worldwide believe there is a skills gap, according to a report from online course provider Udemy.The report is based on a survey focused on global trends, highlighting the sentiments of employees based in India, Spain, France, Brazil, and Mexico.“While the majority of employees in all countries believe their national workforce is competitive in the global economy, they also are uneasy that this competitiveness won’t last, let alone surge ahead in the future,” the report stated. “This is due in part to the increasing demand for new technical and productivity “hard skills” and a growing emphasis on organizational and personal “soft skills”, both of which are becoming more and more essential for 21st century business.”India (92%), Brazil (94%) and France (91%) are …

  • India – Majority of organisations are facing staff shortages (Financial Express)

    The majority, or 90%, of organisations in India are either experiencing a workforce shortage, or expecting one soon, reports the Financial Express, citing data from survey data from workforce management cloud solutions firm Kronos, in partnership with the Society for Human Resources Management (SHRM) in India.  More than half of firms attribute this to temporary migration of labour as well as quarantine and isolation policies. One-fourth of the respondent organisations attributed absenteeism as a contributing factor to workforce shortage. Of these, 78% were from the manufacturing and 67% were from the services sector. SHRM and Kronos stated, “Technology hiccups for remote work is resulting in workforce shortage for service organisations more than manufacturing. Over 64% of these servi …

  • World – Adcorp agrees to sell Dare Holdings and Singapore subsidiary to Competentia

    South Africa-based workforce management solutions group Adcorp Holdings Ltd. (ADR: JSE) announced that it entered into a binding agreement with Norway-based staffing firm Competentia that will see the latter acquire 100% of the issued shares of Adcorp subsidiaries Dare Holdings and Adcorp Holdings Singapore.The deal is for an estimated cash consideration of AUD 3.44 million (USD 2.4 million)Adcorp acquired Australian oil & gas recruitment firm Dare Holdings in 2015 for an estimated AUD 30 million (USD 23.3 million.  Dare focuses on specialist industrial needs and workforce solutions concentrating on the oil and gas, mining, construction and engineering industries. Dare provides technical skills placements in Australia and Asia with a presence in Singapore through Adcorp Singa …

Latest Research

  • US Pulse Survey Report: September 2020 Selected Highlights

    Pulse survey respondents reported a median 10% y/y decline in their US temporary staffing revenue in August, in line with the median 10% decline in July. Many skill segments exhibited either stable or improving trends in August in comparison with July, indicating continuing recovery from the shock that hit in March. The travel nursing staffing skill segment reported median 17% y/y growth, while allied healthcare and locum tenens were each up 1%. Per diem nursing was flat. All other staffing skill segments reported y/y revenue declines in August, with the largest coming from the marketing/creative (median -18% y/y), office/clerical (-16%), and industrial (-15%) segments. Direct hire revenue was down a median 10% y/y. In terms of internal staff headcount now versus before the pandemic, 18% o …

  • North America Staffing Company Survey 2020: Staffing firm operations in the COVID-19 environment

    Key Findings: Changes in response to weakened market conditions. The three most common changes staffing firms have made are all revenue-related: increasing sales/marketing efforts, expanding market focus to new geographies or sectors, and focusing on protecting key accounts. The next four most popular changes are: accelerating adoption of new technologies, reducing non-employee costs, terminating some internal staff, and applying for additional borrowing. Specific current challenges. Many staffing firms reported challenges in the transition to remote work not only for internal staff but for placed temporaries. Additional challenges including trying to recruit candidates in an environment of enhanced unemployment benefits, declines in sales due to customer cutbacks, and various operational …

  • Fastest-Growing US Staffing Firms: 2020 Update

    Key Findings: This year, 75 firms made the list of fastest-growing US staffing firms with at least 15% compound annual growth in revenue from 2015 through 2019. There were 94 firms on last year’s list. JCW Search recorded the largest CAGR at 71.7%. The median CAGR for the top 10 firms on the list was 56.3% and for the full list was 27.4%, unchanged from 27.4% last year. Top 10 fastest-growing staffing firms this year are: JCW Search Ro Health Curate Partners Conexus MedStaff PGS Worldwide Health Carousel Hayes Locums GQR Global Markets Phaidon International (US) Next Level Business Services California was the state with the most headquarters of firms on the list with seven. It was followed by Georgia, New Jersey and Texas with six each. IT was the most-represented segment with 31 firms rep …

  • SI Report Webinar – September 2020

    In this webinar topics covered include: US staffing industry forecast: September update A deeper look at trends in IT staffing The gig economy and talent platforms Other recent SIA research And of course the latest updates on the state of the economy, employment trends and developments in the US staffing industry.Download presentation slides 200910 SI Report Webinar Presentation Slides – You do not have permission to view this object.  Select the play button to begin viewing.

  • US Staffing Industry Forecast: September 2020 Update

    Key Findings The COVID-19 outbreak has brought an abrupt end to a decade of sustained growth in the US staffing industry, as we project a 17% overall revenue decline this year. Nevertheless, revenue trends vary greatly depending on occupational segment and sector. In our forecast, the professional segments fare better than commercial (-10% vs. -20%) this year; while temporary staffing overall fares better than place & search (-14% vs. -33%). Only two segments of the US staffing industry are forecast to see revenue growth this year: travel nurse (+10%) and life sciences (+3%) staffing. Since our July forecast report, we updated our 2020 outlook for several segments of the industry based on additional information. We increased our forecast for travel nurse (10% from 5%), direct hire (-35 …

  • EMEA Financial Calendar 2020/2021

    The attached spreadsheet shows you the dates when the listed staffing firms in EMEA are due to bring out their results.The spreadsheet is formatted to be uploaded into the Outlook Calendar. To do this please carry out the following steps.1. Save the file to your desktop without opening it2. Open Outlook if necessary3. Create a new calendar (right click on the existing calendar icon) in the folder view.4. Go to File – Open & Export – Import/Export5. Select Import from another program or file.6. Select Comma Separated Values (DOS)7. Select the file to import from your desktop8. Allow duplicates to be created9. Select the new calendar created in step three.10. Hit the finish button.The instructions are for Outlook 2013.To download the spreadsheet, click below:  EMEA Financial Calenda …

  • Most Attractive Staffing Markets Globally 2020

    This report provides comparative insights 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 2019. 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. China stands out as the most attractive markets globally, according to our analysis, followed by Malaysia and Sweden. The Chinese market’s most attractive traits are highlighted in this report. The dramatic impact of the COVID-19 crisis is clear on a number of markets. However, …

  • Europe Staffing Company Survey 2020: Initial Findings

    Key Findings: This insight contains the initial findings of the 2020 Staffing Company Survey for staffing firms primarily operating in Europe (excluding UK). It includes the complete survey questions and summary statistics. Additional detailed reports will follow this summary report. The survey was conducted in the summer of 2020 and reflects the opinions of 46 staffing firms. Data includes: responses to COVID-19; placement of at-home temporary workers; buyer discounts; involvement with rating sites; merger & acquisition activity; preferred metrics; use of technology and involvement in human cloud; legal concerns; and geographic expansion plans. To access the complete report, please select the link below: Europe Staffing Company Survey 2020 Initial Findings 20200908 – You do not have p …

  • UK Staffing Company Survey 2020: Initial Findings

    Key Findings: This insight contains the initial findings of the 2020 Staffing Company Survey for staffing firms primarily operating in the UK. It includes the complete survey questions and summary statistics. Additional detailed reports will follow this summary report. The survey was conducted in the summer of 2020 and reflects the opinions of 51 staffing firms. Data includes: responses to COVID-19; placement of at-home temporary workers; buyer discounts; involvement with rating sites; merger & acquisition activity; preferred metrics; use of technology and involvement in human cloud; legal concerns; and geographic expansion plans. To access the complete report, please select the link below: UK Staffing Company Survey 2020 Initial Findings 20200907 – You do not have permission to view t …

  • Citation: The Fluid Workforce Revolution

    In response to the global spread of COVID-19, organisations and employees alike are now adapting to the “New Normal” but what does this look like? An in-depth survey of executives, 4,000 members of the fluid workforce, and nearly 1,000 permanent employees carried out by the Capgemini Research Institute prior and during the pandemic have indicated the following trends: The fluid workforce is becoming a core part of the organisational talent pool COVID-19 is further accelerating the use of a fluid workforce among organisations Organisations are filling critical expertise gaps with fluid workers in high-skilled roles Organisations fail to provide an experience endearing to the fluid workforce Capgemini have defined the fluid workforce as freelancers, independent, gig, or paid-crowds …

  • The Contingent Workforce Regulatory Environment in Japan

    Key Findings The Japanese staffing market is the second-largest staffing market in the world after the US. It is a relatively immature market where the legal provision of temporary agency workers was only permissible from the mid-1980’s. Legislation has evolved considerably since that time and has been one of the main drivers of market growth, though certain legislation has, at times, also acted to put a brake on growth. As legislation has changed, so have cultural attitudes towards flexible labour with less adherence to stereotypical Japanese ‘salaryman’ work structures. Nevertheless, legislation particularly relating to licensing, ‘reasons for use’ and length of assignment make Japan a more restrictive market to hire temporary agency workers compared to English-speaking staffing markets. …

  • Financial Analysis of the Largest Staffing Firms in Australia

    • This report provides a financial analysis of the largest staffing companies in the Australian market, examining revenue, gross profit, EBITDA and days sales outstanding.• We estimate the Australian Staffing Market was worth AUD 20.7 billion in 2019 (USD 14.4 billion). This represents 3% of the global staffing market and makes Australia the 8th largest market globally.• The 26 staffing companies analysed in this report have combined revenues of AUD 14.1bn (USD 9.8 billion) and account for 68% of total market revenue.• Global players operating in the Australian market include Recruit, Persol, ManpowerGroup, Hays, The Adecco Group, Randstad, Robert Walters, Robert Half, Michael Page, Brunel and Fircroft. The local Australian companies covered in the report include Ignite, Finite, People Inf …

  • Most Attractive Staffing Markets Globally 2020

    This report provides comparative insights 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 2019. 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. China stands out as the most attractive markets globally, according to our analysis, followed by Malaysia and Sweden. The Chinese market’s most attractive traits are highlighted in this report. The dramatic impact of the COVID-19 crisis is clear on a number of markets. However, …

  • Citation: The Fluid Workforce Revolution

    In response to the global spread of COVID-19, organisations and employees alike are now adapting to the “New Normal” but what does this look like? An in-depth survey of executives, 4,000 members of the fluid workforce, and nearly 1,000 permanent employees carried out by the Capgemini Research Institute prior and during the pandemic have indicated the following trends: The fluid workforce is becoming a core part of the organisational talent pool COVID-19 is further accelerating the use of a fluid workforce among organisations Organisations are filling critical expertise gaps with fluid workers in high-skilled roles Organisations fail to provide an experience endearing to the fluid workforce Capgemini have defined the fluid workforce as freelancers, independent, gig, or paid-crowds …

  • Staffing Company 2020 Interim Planning Package

    This report will assist you in finding SIA research that will help you prepare your business for the unprecedented changes during 2020. From the reports published so far, we have chosen to highlight those we believe will be the most relevant and useful to you in planning your future strategy and preparing your business to succeed following the unprecedented changes we have experienced this year. Categories include; human cloud, geographical market data, sectoral market data, technology and new to this update Covid-19 market trends.   You can download the entire report below: Staffing Company 2020 Interim Planning Package – You do not have permission to view this object.