Global Daily News

  • San Francisco judge prohibits Uber and Lyft from classifying California drivers as ICs in preliminary injunction

    A San Francisco Superior Court judge issued a preliminary injunction prohibiting Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NASDAQ: LYFT) from classifying California ride-sharing drivers as independent contractors. The ruling comes in the lawsuit previously filed by California Attorney General Xavier Becerra and the city attorneys of Los Angeles, San Diego and San Francisco.Judge Ethan Schulman noted in the ruling that it appears likely the plaintiffs will prevail in the lawsuit. The judge also noted Uber’s and Lyft’s claims they are not “hiring entities” doesn’t appear to hold water. Those claims “cannot be squared with the undisputed reality that they hire and contract with drivers,” according to the ruling.Enforcement of the injunction was stayed for a period of 10 days by …

  • Kforce revenue rises 1.2% with growth in finance/accounting temp staffing

    Professional staffing firm Kforce Inc. (NASDAQ: KFRC) reported second-quarter revenue rose 1.2% amid the Covid-19 pandemic. Growth at the Tampa, Florida-based firm was concentrated in its finance/accounting temporary staffing business line where revenue rose 28.7% year over year. Technology temporary staffing revenue fell 3.0%. Direct-hire revenue was down in both technology and finance/accounting.“We believe the strength in our second-quarter results speaks to the resiliency of our business to perform during an adverse economic environment, particularly in our technology business, which was down 3% on a year-over-year basis,” Chairman and CEO David Dunkel said.The pandemic also appears to be strengthening demand for technology as businesses accelerate their digitalization and technology t …

  • RCM Technologies reports revenue down 37% in Q2

    Second-quarter revenue fell 35.6% at RCM Technologies Inc. (NASDAQ: RCMT) amid the Covid-19 pandemic. Still, gross margin improved at the Pennsauken, New Jersey-based staffing firm.“We believe that RCM performed well against our Covid plan that we outlined in May,” Executive Chairman Bradley Vizi said in a statement. “We outlined a plan where we would surgically cut non-critical SGA expenses and focus heavily on utilization and gross margin, while at the same time working to maximize cash flow from operations.” (US$ thousands) Q2 2020 Q2 2019 % change Revenue $32,652 $50,705 -35.6% Gross profit $8,503 $12,803 -33.6% Gross profit margin 26.0% 25.2%   Net loss/income ($992) $1,251 nm The biggest decline was in RCM’s specialty healthcare segment. Revenue by segment (US$ thousands) Q2 202 …

  • Online job ads index rises in July

    The Conference Board-Burning Glass Help Wanted OnLine Index of help-wanted ads rose in July to a reading of 90.2 from June’s reading of 89.2.However, the organizations noted the index remains down 12.5% compared to a year ago.The Conference Board produces the index in collaboration with Burning Glass Technologies, a provider of labor market data and analysis. The index measures changes over time in advertised online job vacancies, reflecting monthly trends in employment across the US. Ads are collected from more than 50,000 online job domains.

  • Travel nurse use growing and not just in certain metro areas: Staffing Word of the Week

    This week’s Staffing Word of the Week from SIA’s Lexicon of workforce ecosystem terms is “travel nurse staffing.” Travel nursing was one of the few staffing segments showing substantial revenue growth in June, according to the July edition of SIA’s “US Staffing Industry Pulse Survey Report.”Among the 34 healthcare staffing firms taking part in the Pulse Survey, the median response for year-over-year revenue growth in June was 14%.Since the Pulse report, several publicly traded staffing firms have also reported growth in travel nurse staffing revenue. AMN Healthcare Services Inc. (NYSE: AMN) noted travel nurse revenue was up 35% on an organic basis in the second quarter. Cross Country Healthcare Inc. (NASDAQ: CCRN) reported in a conference call with analysts on Aug. 5 that there was a 5% in …

  • Russia – High court to hear Antitrust’s dispute with HeadHunter over online recruitment site job.ru (Prime News)

    Russia’s Supreme Court will check the decisions of three lower courts that invalidated an RUB 300,000 (USD 4,101) fine imposed on Russian job board HeadHunter by the Federal Antimonopoly Service for misbehavior during the acquisition of online recruitment service job.ru, according to the court’s statement seen by Russian business news agency Prime this week. The antitrust service thinks that when buying job.ru in late 2017–early 2018, HeadHunter was to receive a preliminary approval for the deal from the antimonopoly authority since the value of all the assets to be offered by the seller exceeded 20% of the value of all its assets. In January 2019, the antimonopoly service levied a fine against HeadHunter, which the company contested. Three courts sided with HeadHu …

  • UK – Employees increasingly worried about job security (Reuters)

    Employees in the UK are increasingly worried about losing their jobs as the country’s economy struggles to cope with the impact of the coronavirus pandemic, reports Reuters citing data from opinion poll firm Kantar. 42% of respondents said their job was less safe than it was a year ago, an increase of 5% from July. One in four thought that over the rest of 2020 their job was not at all or not very secure, little changed from July. The Kantar survey also showed a sharp fall in the proportion of respondents who believed the government was lifting coronavirus restrictions too quickly and an increase in those who thought the pace was right or too slow. Data from the Office for National Statistics published yesterday showed the UK’s unemployment rate at 3.9%.

  • UK – Number of temporary employees up 0.8%, employment rate rises 0.3% over the year

    The number of temporary employees in the UK increased by 0.8% on a seasonally adjusted basis to a total of approximately 1.48 million for the three-month period from April 2020 through June 2020 when compared to the same period a year ago, according to the Office for National Statistics.The UK entered its Covid-19 lockdown period on 23 March 2020.When compared to the previous three-month period ended May 2020, the number of temporary employees was down by 0.1%.Temporary workers are self-identified when surveyed by the ONS, and they include those who are on fixed-period contracts, temporary agency workers, casual workers, seasonal workers and others in temporary work.The number of temporary employees as a percentage of total employment was 5.3%, down 0.3% when compared to a year ago.Of the …

  • Finland – Eezy revenue up 20%, but reports operating loss as coronavirus hits business

    Finnish HR services firm Eezy, previously known as the VMP Group, reported revenue of €39.0 million in the second quarter of 2020, an increase of 20% when compared to €32.5 million in the same period last year.While coronavirus had an impact on revenue in the second quarter, revenue increased 20% due to acquisitions. The group added that the interest rate crisis also had an impact on its results. (€ millions) Q1 2020 Q1 2019 Change Revenue 39.0 32.5 20.0% Operating Profit -0.5 2.3 – EBITDA 1.8 3.1 -41.9% CEO Sami Asikainen said, “The coronavirus has had a significant impact on the operations of both Eezy and our customers. The year has been marked by adaptation to the changes brought about by the virus and related restrictive measures in society, our customers and our own operations. Coron …

  • UK – REC calls on recruitment industry to strengthen commitment to race equality

    The Recruitment and Employment Confederation signed up to the Race at Work Charter, strengthening its commitment to improve opportunities for black, Asian and minority ethnic (BAME) members of staff.The Charter, an initiative of Business in the Community, provides a framework for employers to take practical steps that tackle barriers faced by BAME colleagues in the workplace.The REC said it will appoint an Executive Sponsor for race to oversee progress. This role will be undertaken by Neil Carberry, the CEO, ensuring that race equality is fully embedded across the organisation. Furthermore the REC committed to capture and publicise data about workplace equality, commit at board-level to zero tolerance of harassment and bullying, make equality in the workplace the responsibility of all lead …

  • Australia – Seek revenue rises 1% in constant currency but posts loss due to pandemic

    Revenue rose 1% in constant currency at Australia-based job board operator Seek in its fiscal year ended 30 June 2020. The group said its financial results were impacted by weak macro conditions and Covid-19.Seek operates online job boards in Australia, New Zealand, Asia, Mexico and Brazil. (AUD millions) FY 2020 FY 2019 % change % change constant currency FY 2020 (US$ millions) Revenue 1,577.4 1,537.3 3% 1% 1,125 EBITDA 414.9 455.0 -9% -11% 296.0 Net Profit After Tax -111.7 180.3 -162% -162 79.6 The group reported a net loss after tax of AUD 111.7 million (USD 79.6 million) which was impacted by an impairment charges of AUD 198.4 million (USD 141.5 million). Seek also added that EBITDA was impacted by the external environment and investment bias.Revenue by region and segment (AUD millions …

  • Japan – Persol Q1 revenue rises 1.3% but profits take a hit from pandemic

    Persol (2181: JP), the Japanese staffing giant, reported revenue today for the first quarter ended 30 June 2020 of JPY 238.2 billion (USD 2.22 billion), an increase of 1.3% when compared to the previous year. (JPY millions) Q1 2020 Q1 2019 Change Q1 2020 (USD millions) Revenue  238,222  235,218 1.3% 2,229.6 Gross Profit 51,880 53,826 -3.6% 485.5 Gross Margin 21.7% 22.8% – N/A EBITDA 13,389 14,416 -7.1% 125.3 Operating Profit 9,115 10,057 -9.4% 85.3 Net Profit 4,670 5,466 -14.6% 43.7 Due to the spread of Covid-19, the group’s placement business was affected because companies showed a movement to restrain their personnel costs, etc. In the APAC area in which the degree of seriousness and the measures against Covid-19 vary in different regions, the business operations mainly in Chin …

  • Singapore – HRnetGroup H1 revenue falls 1% as profits tumble

    Singapore-based recruitment firm, HRnetGroup, reported revenue of SGD 210.3 million (USD 152.9 million), down 1.0% compared to the same period last year.  (SGD millions) H1 2020 H1 2019 Change H1 2020(USD millions) Revenue 210.3 212.4 -1.0% 152.9 Gross Profit 62.4 73.5 -15.0% 45.3 Net Profit After Tax 22.2 32.8 -32.4% 16.1 Flexible Staffing revenue increased by 7.1% while Professional Recruitment revenue declined by 27.2%. The company’s ‘Others’ segment revenue decreased by 32.3%.Gross profit for Flexible Staffing increased but this gain was offset by a decline in gross profit for the Professional Recruitment segment.Shares in HRnetGroup closed at SGD 0.47 (USD 0.34), down 2.0% on the day. The company has a market cap of SGD 471.3 million (USD 342.7 million). …

  • Japan – MRT H1 revenue and profits down

    Japanese medical recruitment services firm MRT Inc. (6034: TYO) reported revenue of JPY 1.29 billion (USD 12.1 million) for the six months ended 30 June 2020, down 1.9% compared to the previous year. (JPY millions) H1 2020 H1 2019 Change H1 2020(USD millions) Revenue 1,293 1,319 -1.9% 12.1 Operating Profit 156 172 -9.3% 1.4 Net Profit After Tax 81 101 -19.8% 0.7 MRT cited the impact of the coronavirus on its services during the H1 period.The company forecasted revenue of JPY 2.50 billion (USD 23.4 million) for the year ended December 2020.MRT Inc. engages in the business of medical personnel placement services.Shares in MRT closed at JPY 1,317 (USD 12.34) yesterday, up 3.8% on the day. The company has a market cap of JPY 7.22 billion (USD 67.6 million). …

  • Australia – HiTech Group revenue and profits rise

    Australian recruitment and consulting company HiTech Group Australia (HIT: ASX) reported operating revenue today for the full year 2020 of AUD 33.3 million (USD 23.7 million), an increase of 10.2% compared to the same period last year. (AUD millions) FY 2020 FY 2019 Change FY 2020 (USD millions) Revenue 33.3 30.3 10.2% 23.7 Gross Profit 6.1 5.7 5.6% 4.3 EBITDA 4.3 4.0 7.8% 3.0 Net Profit After Tax 3.3 2.9 15.1% 2.3 According to the company, HiTech’s core business is the recruitment of ICT (Information Communications Technology) professionals and the supply of contracting services to the public and private sectors. ICT consulting services demand has been strong with several digital transformation projects underway, requiring specialist IT talent.Shares in HiTech Group set a new 52-week high …

Latest Research

  • August US Jobs Report

    Event: In today’s monthly jobs report from the US Bureau of Labor Statistics (BLS), total nonfarm employment rose by 1.8 million in July on a seasonally adjusted basis. Temporary help services rose by 143,700 in July, very close to its record rise of 143,800 in June. The temporary agency penetration rate continued its robust rise, to 1.71% in July from 1.62% in June and the bottom of 1.57% in April, but remains well below pre-COVID levels of 1.9%. The national unemployment rate declined for the month, from 11.1% to 10.2%, though the decline was partially driven by a smaller labor force.12 of the 15 major industry groups gained jobs for the month. The group with the largest gain was once again leisure & hospitality, (up by 592,000) as it continues to recover from sharp declines in the e …

  • Interactive Directory of Suppliers to Staffing Firms

    This new interactive report identifies and categorizes specialist suppliers to staffing firms globally. Members can use this report to identify suppliers by both category and by geography.  With 25 different categories and over 1,300 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 range from specialist advisors and consultants, candidate engagement to compliance payroll & umbrella and many more.   New to this update the addition of the Online Staffing Enabling Technologies (OSET) category. If you believe your firm should be on this list, is misclassified, or you have any other suggestions, please email them to Francesca Profeta: …

  • Latin America Legal Update Q2 2020

    In this report, we round up the legal developments affecting the workforce solutions ecosystem across Latin America in Q2 2020.If you want information about the short-term measures governments are putting in place to deal with the coronavirus pandemic visit SIA’s Coronavirus Resource Centre:Brazil   Effective date of data protection law uncertain        Puerto Rico     New civil code amends law on contracts       Venezuela       Increase in minimum wage    Legal Disclaimer: The information contained in this report is provided solely for the purposes of information and should not be considered legal advice. It is always recommended to seek the advice of …

  • Temporary Worker Survey 2020: Full Report

    Key Findings:The 2020 Temporary Worker Survey represents Staffing Industry Analysts’ ninth survey of the temporary worker population. A few key observations from the report: Temporary workers want permanent work with full-time hours, now and in the future. The majority of temporary workers would prefer to work in a traditional ongoing job — and only take temporary work either because they hope the temporary job will turn into a regular position or in order to supplement income while they seek permanent employment. Fifty-seven percent of temps want to work a full 40 hours per week; the remaining 43% are split roughly evenly between those who would prefer to work more than 40 hours per week and those who would prefer to work less. Nearly one in ten temporary workers earn income via the huma …

  • US Pulse Survey Report: July 2020 Selected Highlights

    Pulse survey respondents reported a median 19% y/y decline in their US temporary staffing revenue in June, which is in line with the reported 18% in May. Healthcare staffing was a bright spot in May, but this month, travel nursing (up a median 14%) was the only healthcare segment recording positive growth. Life sciences reported 3% y/y growth. All other staffing skill segments reported revenue declines in June, with the largest coming from the industrial (median -25% y/y), office/clerical (-22%), finance/accounting (-19%), and engineering/design (-19%) segments. Direct hire revenue was down a median 24% y/y. The full 41-page version of this special report contains 13 new pages showing in-demand job titles in June and July, new job titles with emerging demand, and questions on CARES Act loa …

  • Largest Direct Hire Firms in the UK

    The UK is the second largest direct hire market in the world, after the US, and the largest in Europe. We estimate this market was worth £3.1 billion (€3.5 billion) in 2019.  This report provides a ranking of the 20 largest providers of direct hire services in the UK based on revenues generated in 2019. The largest suppliers of direct hire services in the UK were Hays, PageGroup and Robert Walters. We have ranked companies by revenue, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank provides better service or more value to its shareholders. Our definition for direct hire revenue and the methodology for this report can be found on page 5. Revenue figures above represent SIA’s best estimate based on available information at the t …

  • Overview of the German Staffing Market

    • This report provides an overview of the trends and structure of the German staffing market. It provides an overview of market conditions in 2019 (p.3) and an analysis of the market conditions following the COVID 19 outbreak (pp.4 5).• The following pages offer analysis of the German labour market with a focus on the temporary agency work market (p.7) and a detailed breakdown of agency workers by occupational group (p.8). The data shows that agency work remains primarily focused on commercial segments.• Statistics on the total number and size of staffing firms in the market follows on p.10. Only 15% of licenced staffing firms in Germany employ over 100 temporary workers. In contrast, the biggest proportion of firms only employ 1 to 9 temporary workers.• Page 11 details the average assignm …

  • Salary Report for Germany

    In 2015 the German government introduced a national minimum wage (Mindestlohn) of 8.50 euros for more than 3 million workers. The minimum wage was last raised on 1st January 2020, to the current rate of EUR 9.35 per hour. Collective bargaining agreements with wages below the level of EUR 9.35 are therefore no longer permissible as of 1st January 2020. The next revision will enter into force as from 1st January 2020 when the minimum wage will increase to EUR 9.35.The federal minimum wage applies to almost all employees, including foreign workers, part-time workers, interns (under certain conditions) and people working through a probationary period. Overtime must also be paid at the same level unless it is instead used as time 'in lieu' that can be taken at a later date. The g …

  • Interactive Directory of Suppliers to Staffing Firms

    This new interactive report identifies and categorizes specialist suppliers to staffing firms globally. Members can use this report to identify suppliers by both category and by geography.  With 25 different categories and over 1,300 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 range from specialist advisors and consultants, candidate engagement to compliance payroll & umbrella and many more.   New to this update the addition of the Online Staffing Enabling Technologies (OSET) category. If you believe your firm should be on this list, is misclassified, or you have any other suggestions, please email them to Francesca Profeta: …

  • Middle East and Africa Legal Update Q2 2020

    In this report, we round up the legal developments affecting the workforce solutions ecosystem across the Middle East & Africa in Q2 2020.If you want information about the short-term measures governments are putting in place to deal with the coronavirus pandemic visit SIA’s Coronavirus Resource CentreUnited Arab Emirates     DIFC’s new data protection law  Nigeria  New visa laws to attract skilled labour     Legal Disclaimer: The information contained in this report is provided solely for the purposes of information and should not be considered legal advice. It is always recommended to seek the advice of qualified legal counsel before acting on any of the information contained in this report.To download a pdf copy of this update, click …

  • Largest Staffing Firms in Japan and Market Overview: 2020 Update

    Japan is the second-largest staffing market in the world after the US but with a higher penetration rate than the US. Recruit is the market leader with a share of 12%, followed by Persol (9%) and, in third place, newly promoted Outsourcing Inc. with 3% of the market. The highest-ranking foreign international player is Adecco Group in fifth place. The Top five account for 28% of the market. We have ranked companies by revenue, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank provides better service or more value to its shareholders. To download a full copy of this report, click below: largest Staffing Firms and Market Overview Japan – You do not have permission to view this object.

  • Salary Guide for India

    Last year parliament passed the Code on Wages Act, 2019. The Act replaces four labour regulations – the Minimum Wages Act, 1948; Payment of Wages Act, 1936; Payment of Bonus Act, 1965; and Equal Remuneration Act, 1976. Its purpose to regulate wage and bonus payments for all the employees across industry, trades & businesses.The provisions of the Minimum Wages Act and the Payment of Wages Act used to apply only to workers drawing wages below a particular ceiling and working in scheduled employment* (roughly 40% of the entire workforce). However, under the Code, the minimum wages and the payment of wages provisions cover all establishments, employees and employers as defined unless specifically exempt (such as members of the armed forces and apprentices).Under the Code the central govern …

  • APAC Financial Results Q1 2020

    Revenue in the reported 54 publicly traded staffing firms in the Asia Pacific region rose by a median of 7.0% during Q1 2020, compared to the same period in 2019. Among the companies included in this report, twelve reported a decrease in revenue. The Covid-19 outbreak negatively impacted the results of many staffing firms during the reporting periods. Median gross margin grew by 0.1% compared to last year. Median net income rose by 4.6%. 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 – We include 37 Japanese-based staffing companies. These reported year-on-year median revenue growth of 6.7%. Six firms reported a decrease in revenue. Australia – The report included job board SEEK. …

  • Interactive Directory of Suppliers to Staffing Firms

    This new interactive report identifies and categorizes specialist suppliers to staffing firms globally. Members can use this report to identify suppliers by both category and by geography.  With 25 different categories and over 1,300 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 range from specialist advisors and consultants, candidate engagement to compliance payroll & umbrella and many more.   New to this update the addition of the Online Staffing Enabling Technologies (OSET) category. If you believe your firm should be on this list, is misclassified, or you have any other suggestions, please email them to Francesca Profeta: …

  • Overview of the Indian Staffing Market

    The vast majority of Indians work in the unorganised or ‘informal’ sector. Formal sector employment totalled 74.9 million in 2018, only 16% of the workforce (see page 3).Before COVID-19 the Indian Staffing Federation (ISF) estimated that 11.03 million more jobs will move from informal to formal between 2018-21 moving the total formal number to 102 million, a compound annual growth rate (CAGR) of 10.8% (see page4).Between 2015 and 2018 the Tripartite or ‘Flexi’ workforce (as temporary staffing is referred to in India) has increased by 1.2 million to 3.3 million. Two-thirds of this increase (0.8  million) was due to a variety of policy and reform issues (see page 6).Before the COVID-19 outbreak, the ISF estimated that temporary staffing would grow at 22.7% between 2018-2021 to reach a 6 …