Global Daily News

  • The Adecco Group’s Vettery acquires recruitment platform Hired

    The Adecco Group’s Vettery announced it acquired Hired Inc., a San Francisco-based online recruitment platform focused on matching technology talent with jobs.Vettery is also an online recruitment platform; it concentrates on jobs in technology, sales and finance.“Hired and Vettery have independently succeeded in helping over 17,000 companies build top technology teams by connecting over 3 million diverse, vetted candidates to job opportunities,” said Josh Brenner, CEO of Vettery. “Our synergistic vision of upending the recruitment process will enable us to add immediate value to our clients by deepening our vetted candidate pool, improving our matching capabilities, and accelerating our global hiring solution for high-demand, technology jobs.”Brenner will serve as CEO of the combined comp …

  • Hire Technologies to acquire Ontario-based staffing provider

    Hire Technologies (TSXV: HIRE), a network of staffing, IT and HR consulting firms, today announced a deal to acquire Kavin Talent Management and Recruiting, a staffing firm based in Burlington, Ontario. KTMR provides industrial and healthcare staffing in Southern Ontario and other areas in Canada.KTMR posted revenue of C$4.0 million (US$3.1 million) in 2019 and had EBITDA margins of more than 7%. KTMR will continue to be operated by founder Steve Vincic, who will assume the role of managing director.“Kavin Talent Management and Recruiting has a strong and growing foothold in contract general labor staffing within Ontario and elsewhere in Canada,” Hire CEO Simon Dealy said. “We are broadening and adapting our solutions to meet the demands of the evolving employment market.”The purchase pric …

  • Consumer Confidence Index points to slower growth ahead

    The Conference Board Consumer Confidence Index declined in November as consumers foresee slower growth ahead and uncertainty rises as the US experiences a resurgence of Covid-19.“Consumers’ assessment of present-day conditions held steady, though consumers noted a moderation in business conditions, suggesting growth has slowed in Q4. Heading into 2021, consumers do not foresee the economy, nor the labor market, gaining strength,” said Lynn Franco, senior director of economic indicators at The Conference Board. “In addition, the resurgence of Covid-19 is further increasing uncertainty and exacerbating concerns about the outlook.”The Consumer Confidence Index fell to a reading of 96.1 in November from a reading of 101.4 in October.A survey for the index found the number of consumers saying b …

  • Contract watch: Trigyn Technologies

    Trigyn Technologies Ltd. announced in a regulatory filing that its contract to provide IT staffing support services to the United Nations’ Office of Information and Communication Technology has been extended and will expire on Dec. 31, 2021. The contract had previously been extended by a year last November.The not-to-exceed amount of the contract has been revised upward to $215.2 million from $194.2 million.Trigyn Technologies Ltd. is a publicly traded firm on the National Stock Exchange of India. Its Trigyn Technologies Inc. operations are based in Edison, New Jersey, with offices also located in New York, Washington, Toronto and Montréal.

  • Staffing association is this week’s Staffing Word of the Week

    “Staffing association” is this week’s Staffing Word of the Week. Examples of staffing associations include the American Staffing Association; the TechServe Alliance; the Association of Canadian Search, Employment and Staffing Services, or ACSESS; and the Mexican staffing association, or AMECH.Each national association represents the interests of the staffing industry for their respective countries or specific staffing niches within a country. On a global level, the staffing industry is represented by the World Employment Confederation. Recently, the WEC stepped up to assist AMECH when Mexico’s president announced significant new regulations on the industry within that country.SIA’s online Lexicon of staffing terminology defines staffing association as:“An organization that represents and p …

  • South Africa – Adcorp H1 revenue impacted by Covid-19 lockdowns, but cost containment measures boost profits

    Adcorp Holdings Ltd. (ADR: JSE), the South Africa-based workforce management solutions group reported revenue for the six months ended 31 August 2019 of ZAR 6.11 billion (USD 401.6 million), a decrease of 11.4% when compared to the previous year.The group said its results showed resilience notwithstanding the protracted low growth environment compounded by restricted economic activity due to the Covid-19 pandemic.The Covid-19 lockdown trading restrictions have had a severe effect on revenues across all industries.On September 2020, Adcorp agreed to sell Australian-based recruitment firm subsidiary Dare holdings as well as its Singapore subsidiary to Competentia.Revenue for H1 2019 was restated to classify Dare Holdings Proprietary Limited as a discontinued operation. H1 2020 incl …

  • World – The Adecco Group’s Vettery acquires recruitment platform Hired

    The Adecco Group’s Vettery announced yesterday that it had acquired Hired Inc., a US-based hiring platform focused on matching technology talent with jobs.Vettery is also a hiring platform concentrating on jobs in technology, sales and finance.“Hired and Vettery have independently succeeded in helping over 17,000 companies build top technology teams by connecting over 3 million diverse, vetted candidates to job opportunities,” said Josh Brenner, CEO of Vettery. “Our synergistic vision of upending the recruitment process will enable us to add immediate value to our clients by deepening our vetted candidate pool, improving our matching capabilities, and accelerating our global hiring solution for high-demand, technology jobs.”Brenner will serve as CEO of the combined company. He appeared on …

  • Russia – Job board HeadHunter acquires online recruitment platform Zarplata

    Moscow-based job board HeadHunter Group plc (HHR: NSDQ) signed a sale and purchase agreement to purchase 100% of the issued charter capital of Russian online recruitment platform Zarplata.ru from Hearst Shkulev Digital Regional Network B.V.The total purchase prices of the transaction is RUB 3.5 billion (USD 46.2 million) in cash.HeadHunter Group said it is anticipating that the transaction will stimulate growth in important areas such as expanding its reach in the Russian Regions and outreach to blue collar segments and small and medium accounts.Headhunter added that it believes that the transaction offers significant synergy potential with an expectation that HeadHunter and Zarplata will align their sales, monetisation and marketing strategies as well as product development.Zarplata earne …

  • UK – MCG Group acquires agency nursing firm Poppy Nursing services

    UK-based staffing and recruitment firm the MCG Group announced the recent acquisition of Ipswich-based Poppy Nursing and Care Services Ltd, a supplier of nurses and carers to hospital trusts and care homes across Suffolk, Norfolk, Essex and the wider UK.The acquisition agreement closed on 10 November, having been approved by core members of the Board of Directors and top shareholders. Financial details of the deal were not disclosed.The MCG Group, previously the McGinley Group, is a collection of companies providing people-focused services in the aerospace & aviation, construction, education, healthcare and technology sectors.The group said the acquisition of Poppy Nursing and Care Services Ltd supports its continuing expansion. It also compliments its existing healthcare recruitment b …

  • UK – More employers seek out support of temps as confidence levels fall in second lockdown

    UK employers’ confidence in their ability to make hiring and investment decisions fell by 5% for the three months to October 2020 from the previous rolling quarter as business confidence in the wider UK economy also fell by five points. But an increasing number of firms are looking to temporary workers for support, according to the latest Recruitment & Employment Confederation’s JobsOutlook.Overall, the REC found employers’ confidence in their ability to make hiring and investment decisions stood at net: -5 while business confidence stood at net: -49. The REC highlighted that confidence levels remain far higher than reported in the spring.In recent months, employers’ intentions to hire permanent staff had been improving, but this fall in confidence has caused it to stall. Demand f …

  • Australia – Ignite provides FY 2021 trading and strategic update indicating profitable performance

    Australian recruitment firm Ignite (IGN:ASX) provided a trading and strategy update for FY 2021 during its annual general meeting yesterday.The group had reported revenue fell 16.3% in the six months ended 30 June 2020 to AUD 127.9 million (USD 94.4 million).Ignite said its strategic focus is on retaining existing clients, the acquisition of commercially viable new customers, identifying viable bolt-on acquisitions created by Covid-19, operating its Australian and New Zealand businesses and engaging and developing its staff.In its trading update, the group said its People Services is profitable and the pipeline of opportunities is growing.Within its Specialist Recruitment segment the group said in the Australian Capital Territory, its exposure to predominantly federal government clients un …

  • Australia – Recruitment activity slips 2.3% in October

    Job advertisements across Australia fell by 2.3% over the year to October 2020 on a seasonally adjusted basis, according to the latest Vacancy Report, which is published monthly by the National Skills Commission.The Report summarises the latest trends in the Internet Vacancy Index from three job boards: SEEK, CareerOne and Australian JobSearch. It explores the labour market at a detailed occupational and regional level.The 2.3% reduction is largely driven by three of the eight broad occupational groups: managers (down by 20.3% or 4,100 job advertisements), clerical and administrative workers (down by 18.8% or 5,000 job advertisements) and professionals (down by 6.9% or 3,400 job advertisements).On a month-to-month basis, recruitment activity increased by 9,100 or 6.2% nationally to now sta …

  • India – Hiring recovers to climb 30% in September (The Tribune India)

    Hiring in India recovered climbed 30% on the year in September, as businesses and companies continue to reopen, reports The Tribune India, citing data from global professional services platform LinkedIn. Earlier in the year, hiring declines reached a low of below -50% year-on-year in April, before starting to slowly recover. In late July, it crossed the 0% mark and continued increasing, reaching 12% in August and 30% at the end of September. “Competition for jobs is lower compared to several months ago, but still 30% higher compared to a year ago," the report stated. However, after nearly doubling in the middle of 2020, the applications per job dropped down 1.3 times in August and stayed at a similar level in September. LinkedIn also noted that compared to pre-Covid, LinkedIn still se …

  • India – Half of men believe there is a rise of gender bias against women in workplace (IANS)

    More than 50% of men in India feel that there is an increased bias against women at the workplace, reports IANS citing a survey from Indian staffing firm TeamLease. The survey found that half of the male employees interviewed feel that there is an increase in gender bias against women in the last two years in spite of the implementation of Maternity Benefit Act. TeamLease found that 48% of male employees have attributed increasing gender bias as one of the biggest reasons for the loss of women at the workplace. Around 54% of the male respondents stated discrimination at workplace to be the root cause of women not progressing in their career. Similarly more than 28% of men felt that there is an increase in gender bias in the hiring stage itself.Rituparna Chakraborty, Executive Vice Presiden …

  • India – Talent demand up 16% in October: TimesJobs

    Demand for talent across India in October 2020 registered a 16% year-on-year increment, according to the latest TimesJobs RecruiteX, a monthly recruitment index that records the demand and supply of talent in India’s formal jobs sector.When compared to the previous month, talent demand was up 2% with a significant contribution from sectors such as healthcare, construction, manufacturing and projects/infrastructure.The top three industries posting maximum talent demand (on a month-to-month basis) were: healthcare/ biotechnology/ pharmaceutical (12%), construction/cement/metal/steel/iron (8%), and manufacturing & engineering (7%).Sanjay Goyal, Business Head TimesJobs and TechGig said, “There’s a substantial uptick in the talent demand posted by high-volume sectors like construction, …

Latest Research

  • Staffing Company 2021 Planning Package

    This report will assist you in finding SIA research that will help you prepare your business for the year ahead.   From the reports published so far this year, 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 2021 Planning Package – You do not have permission to view this object.

  • Citation-The Future of Jobs Report 2020

    It could be argued that governments, employers and employees have always been under pressure to keep up with the fast-paced rate of change within the labour market, however, this year more than ever with the COVID-19 pandemic, induced lockdowns and related global recessions the future of work faces much uncertainty. The third edition of the World Economic Forum’s Future of Jobs Report for 2020 aggregates the views of business leaders, chief executives, chief strategy officers and chief human resources officers along with the latest data from public and private sources.  It provides insights into the labour market outlook in a pandemic economy and the various factors facing the evolution of the labour market between 2020-2025.This report highlights the following key trends: Automa …

  • The Future of Diversity and Inclusion in the Contingent Workforce

    Staffing Industry Analysts (SIA) was commissioned by HireTalent and ConsciouslyUnbiased, with the support of Beeline, to conduct a survey and research project among HR, procurement and other workforce professionals to gauge their opinion on diversity and inclusion among contingent workforces, recent trends and best practices. 194 executives responded to the survey. The survey was supplemented with a series of in-depth interviews with leading program executives across multiple industry sectors and geographies to provide deeper insights.The full report can be downloaded by clicking the link below. SIA Diversity and Inclusion Report 20201120 – You do not have permission to view this object.

  • Largest Direct Hire Firms in the US: 2020 Update

    Key Findings: We estimate that 18 firms generated at least $25 million in US direct hire revenue in 2019. Added together, these firms generated $1.7 billion in such revenue, accounting for 13% of the market, by our estimates. The complete list of 18 firms can be found on page three of this report. In this market share report, we have ranked companies in order of revenue size, 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. Staffing firms varied 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 consider …

  • Largest Legal Staffing Firms in the US: 2020 Update

    Key Findings: We estimate that 9 firms generated at least $25 million in US legal temporary staffing revenue in 2019. Added together, these firms generated $534 million in such revenue, accounting for 53% of the market, by our estimates. The complete list of 9 firms can be found on page three of this report. In this market share report, we have ranked companies in order of revenue size, 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. Staffing firms varied 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 …

  • Staffing Company 2021 Planning Package

    This report will assist you in finding SIA research that will help you prepare your business for the year ahead.   From the reports published so far this year, 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 2021 Planning Package – You do not have permission to view this object.

  • Citation – The Future of Jobs Report 2020

    It could be argued that governments, employers and employees have always been under pressure to keep up with the fast-paced rate of change within the labour market, however, this year more than ever with the COVID-19 pandemic, induced lockdowns and related global recessions the future of work faces much uncertainty. The third edition of the World Economic Forum’s Future of Jobs Report for 2020 aggregates the views of business leaders, chief executives, chief strategy officers and chief human resources officers along with the latest data from public and private sources.  It provides insights into the labour market outlook in a pandemic economy and the various factors facing the evolution of the labour market between 2020-2025.This report highlights the following key trends: Automa …

  • European Staffing Firm Use of Automation

    Key Findings:Talent platforms (formerly labeled ‘human cloud’ or ‘online staffing’) About one of every three staffing firms are either “currently partnering with such a service” (6%) or “currently own or have invested in such a service” (24%). Another 31% were “considering building, acquiring, or partnering over the next 2 years.” Thirty-four percent said they were “aware of such services, but not interested in pursuing.” Only 5% of staffing firms were not aware of such services. Process automation Staffing firms have also been automating elements of the staffing process. Across all the individual worker functions queried, a median 30% of staffing firms reported automation; across buyer functions a median 26% reported automation. While these median shares are comparable, for the most popul …

  • UK Staffing Firm Use of Automation

    Key Findings:Talent platforms (formerly labeled ‘human cloud’ or ‘online staffing’) About one of every six staffing firms are either “currently partnering with such a service” (6%) or “currently own or have invested in such a service” (12%). Another 37% were “considering building, acquiring, or partnering over the next 2 years.” Thirty-six percent said they were “aware of such services, but not interested in pursuing.” Only 9% of staffing firms were not aware of such services. Process automation Although the share of traditional staffing firms involved in talent platforms is still limited, most have been automating elements of the staffing process. Across all the individual worker functions queried, a median 27% of staffing firms reported automation; across buyer functions a median 30% rep …

  • Europe Staffing Company Survey 2020: Staffing firm key metrics – which are most frequently used?

    Key Findings: Sales/marketing metrics. The most common top metrics used to measure sales/marketing effectiveness are: “revenue growth,” cited by 21% of staffing firms; “job orders or new job orders,” cited by 19%; and “gross profit dollars,” cited by 16% — these together accounted for more than half of responses. Efficiency/expense control. The most common top metrics used to measure efficiency/expense control effectiveness are: “expense/gross profit,” cited by 28% of staffing firms; “expense/revenue,” cited by 14%; “gross profit/internal staff cost,” cited by 14%; “gross profit/internal staff count,” cited by 14%; and “net income/internal staff cost,” cited by 14%. Recruiting/sourcing. The most common top metrics used to measure recruiting/sourcing effectiveness are: “placements,” cited …

  • Staffing Company 2021 Planning Package

    This report will assist you in finding SIA research that will help you prepare your business for the year ahead.   From the reports published so far this year, 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 2021 Planning Package – You do not have permission to view this object.

  • Citation – The Future of Jobs Report 2020

    It could be argued that governments, employers and employees have always been under pressure to keep up with the fast-paced rate of change within the labour market, however, this year more than ever with the COVID-19 pandemic, induced lockdowns and related global recessions the future of work faces much uncertainty. The third edition of the World Economic Forum’s Future of Jobs Report for 2020 aggregates the views of business leaders, chief executives, chief strategy officers and chief human resources officers along with the latest data from public and private sources.  It provides insights into the labour market outlook in a pandemic economy and the various factors facing the evolution of the labour market between 2020-2025.This report highlights the following key trends: Automa …

  • Key Findings: We estimate that in 2019, the staffing industry generated USD 498 billion of revenue worldwide (EUR 445 billion). Three countries (US, Japan, UK) made up a majority of revenue. 89% of staffing revenue was comprised of temporary staffing and the remainder by place & search. After mild growth of 2% in 2019, we project global staffing revenue to decline by 16% this year, a mild improvement on the 18% decline we forecast in our August interim market update. The COVID recession has substantially impacted most countries, even some of those that have been relatively successful in managing the pandemic, given the effect of a country’s lockdowns on its economy, or the dependency of the country on export markets more affected by the pandemic. GDP is projected to decline by at least …

  • APAC Financial Results Q2 2020

    Revenue in the reported 54 publicly traded staffing firms in the Asia Pacific region rose by a median of 1.3% during Q2 2020, compared to the same period in 2019.  Among the companies included in this report, 23 reported a decrease in revenue. The Covid-19 outbreak negatively impacted the results of many staffing firms during the reporting periods. Median gross margin fell by 0.1% compared to last year. Median net income fell by 0.7%. For more information about each company’s results, please click on the links provided or visit the companies’ websites To download the full report, please click below: APAC Financial Results Q2 2020 – You do not have permission to view this object.

  • Asia Pacific Legal Update Q3 2020

    In this report, we round up the legal developments affecting the workforce solutions ecosystem across the Asia Pacific region in Q3 2020:Australia              South Australia’s amended licensing regime in force        ACT introduces labour hire licensing from 2021   Queensland joins other states in criminalising ‘wage theft’            Alignment of NSW and federal modern slavery laws NSW bans insurance to cover increased H&S penalties     Controversial decision on personal / carer’s leave calculation overturned                Mor …