Global Daily News

  • Employment Trends Index pointing to strong jobs growth

    The Conference Board Employment Trend Index now signals strong jobs growth ahead. The index reading for February, released today, stands at 101.01, up from an upwardly revised reading of 99.69 in January.Some 5 million to 6 million jobs could be added through the end of the year, and the unemployment rate will drop well below 5%, said Gad Levanon, head of The Conference Board Labor Markets Institute.“The combination of declining new infections, lower pandemic-related restrictions, households flush with savings, and large government stimulus will all contribute to robust growth in economic activity and employment in 2021,” Levanon said.Still, concerns remain. Levanon cautioned that when the pandemic hit, a tight labor market appeared years away. However, the current forecast is that it may …

  • 80% satisfied with remote work despite higher workloads, lack of social interaction

    As Covid-19 nears the one-year mark, Infosys Ltd. reported a majority of US workers, 80%, said they are very or somewhat satisfied with remote work despite higher workloads and a lack of social interaction with colleagues. The information comes from a survey of employees and managers at US-based companies by Infosys and the Milken Institute.Women were slightly more satisfied with remote work than men; 93% of women said they were satisfied compared to 88% of men.However, 82% of manager said their employees are working more than they were before the pandemic, with more than half saying that they work “a lot” more.Income inequality also appears as an issue with remote work. The survey found that 69% of those with an income below $50,000 per year said they saw increased remote work opport …

  • Sponsored: LinkedIn on the jobs picture in 2021

    With Covid-19, most prior expectations for the employment picture were pretty much thrown out the window. A year has passed since workers began leaving offices to work remotely and industries started to shift strategies to adjust to a new reality: The job market for both full-time and contingent workers has altered in dramatic ways.LinkedIn in January released its 2021 Jobs on the Rise report, which analyzed data to rank the fastest-growing job sectors based on a combination of growth in demand and raw number of jobs available. Kimberly Miller, LinkedIn’s head of search and staffing, spoke about the report’s findings and the impact of Covid-19 on the job market and the staffing industry. Kimberly MillerHead of Search & Staffing, North America, LinkedIn What are the key takeaw …

  • Majority of employees would leave for new firm that has stronger viewpoint on social issues

    Survey results from Gartner Inc. found that 68% of employees would consider quitting their current job to work with an organization that has a stronger viewpoint on social issues that matter most to them. The survey included 3,000 workers.It also found that employees whose employer has taken a strong stance on current societal and cultural issues are twice as likely to report high job satisfaction.“Times of social and political change and uncertainty affect individuals across their lives, and introduce distraction, disruption and division into the workplace,” said Brian Kropp, chief of research in the Gartner HR practice. “The recent events at the US Capitol on Jan. 6, the US presidential election, the Black Lives Matter movement and Brexit have created numerous opportunities for increased …

  • Mississippi staffing firm pays back wages to 45 employees, Department of Labor announces

    The US Department of Labor announced last week that a Pascagoula, Mississippi staffing firm paid $46,372 in back wages to 45 employees to resolve allegations of overtime and recordkeeping violations.Quality Marine Staffing LLC, which provides workers for the marine and shipbuilding industries, did not pay some employees when they worked more than 40 hours in a workweek, according to the department. Instead, the agency labeled a portion of the employees’ hours as “per diem” payment, at an hourly rate, and paid that hourly payment at straight time for overtime records.In addition, the department alleged the agency did not maintain accurate payroll records.

  • Netherlands – Matchworks acquires temp employment firm Flexible Plus

    HR services provider Matchworks announced that it acquired Flexible + (Plus), a temporary employment firm. Both companies are based in the Netherlands.Financial details were not disclosed.Flexible Plus was founded in 2013 and is based in Raalte, Netherlands. The group focuses on temporary employment, recruitment, training, payroll and secondment.Owner of Flexible Plus Rick Spijkerboer will remain director of the firm after the takeover.Matchworks was founded in 2020 by Ronald Hilberdink and Bernhard Nanninga. Richard Temmink of the Center for Business Succession supervised the acquisition.Last year, Matchworks announced that it acquired BC Group, a temporary employment and recruitment firm, also based in the Netherlands.

  • World – Covid-19 put women’s careers on hold, LinkedIn finds

    The Covid-19 pandemic is having a detrimental impact on women’s careers, according to new research from LinkedIn.The study of more than 20,000 working professionals from around the world, released today on International Women’s Day 2021, found that 49% of women say their career has been set back or put on hold due to the global pandemic.At the same time, LinkedIn’s data showed that 43% of women globally have left or considered leaving the workforce during the pandemic, and over a quarter (26%) say their employer has offered no support. The research also found that almost half of women in the UK (40%) and Italy (45%) believe their careers have been set back or put on hold due to the pandemic, compared to 34% in France and 38% in Germany.Furthermore, 44% of women globally say they have …

  • Denmark – Number of job postings reaches record levels despite restrictions: Jobindex

    Danish job board Jobindex reported there were 25,100 new jobs posted online in February, the highest since the global financial crisis.The record high levels comes despite the country being in lockdown during February 2021.When compared to the previous month, 22,600 new job advertisements were posted online in January 2021, and during the lockdowns last spring, the number of new job advertisements posted online reached a total of 15,600 in April.“There are many indications that the job market is already adjusting to a time when vaccines ensure that the Danish economy can return to a more normal state,” Jobindex stated.“The increase in the number of new job advertisements benefits large parts of the labour market,” the job board stated.

  • UK – Government faces public backlash over 1% pay rise offer to nurses (The Guardian)

    The government is facing a backlash from a broad range of the public over the 1% pay rise offered to NHS workers in England in the wake of the pandemic, reports The Guardian, citing a poll for the Observer that revealed 72% of the public believe the pay deal should be more generous. Another poll found that 35% of the public said they were angry about the offer. Many have called for protests for the pay proposal. After private concerns were raised with the Treasury, many MPs now believe the 1% offer will be revisited when the NHS pay review bodies recommend salary levels for health service staff in May. A government spokesperson said, “Pay rises in the rest of the public sector will be paused this year due to the challenging economic environment, but we will continue to …

  • World – Deliveroo to hand its riders up to £10,000 in UK float (BBC News)

    Human cloud food courier firm Deliveroo said it will reward its busiest riders with bonuses of up to £10,000 when it lists its shares on the London Stock Exchange, reports BBC News. Riders who have delivered the most orders will share in a £16 million fund, the company said. Deliveroo will also open the flotation to its customers who can buy up to £1,000 worth of shares in the firm. The company is expected to be valued at around $7 billion (£5 billion) when it floats but it is yet to make a profit. Riders in its 12 markets who have worked with the firm for at least a year will be paid a bonus of either £10,000, £1,000, £500 and £200 depending on the number of orders they have delivered. Across Europe, Deliveroo has faced legal battles pertaining to the status of its riders. Most recently i …

  • Japan – Gakujo first quarter revenue slides 19% as losses widen amid pandemic

    Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue for the first quarter ended 31 January 2021 of JPY 572 million (USD 5.2 million), a decrease of 19.4% compared with last year. (JPY millions) Q1 2021 Q1 2020 Change Q1 2021 (USD millions) Revenue 572 711 -19.4% 5.2 Gross Profit 238 369 -35.5% 2.2 Gross Margin 41.5% 51.9% – – Operating Profit -324 -310 – -2.9 Net Income -201 -184 – -1.8 Gakujo provides human resources and recruitment services in Japan. It is involved in college campus recruiting, mid-career recruitment, and business recruitment activities. The company also provides staffing services for small and medium-sized venture companies.Looking ahead, the company forecasted revenue of JPY 6.50 billion (USD 59.89 million) for the year ended October 2021.Shares in Gakujo …

  • Vietnam – Covid-19 widens existing gender inequalities, creates new gaps: ILO

    The Covid-19 pandemic has not only exacerbated existing inequalities, but also created new gender gaps, according to a new research brief by the International Labour Organisation.Before the pandemic, there was no difference between the male and female unemployment rate, but a gap appeared from the third quarter of 2020.The total weekly hours worked by women in the second quarter of 2020 were 88.8% of the total for the fourth quarter of 2019, compared to 91.2% for men.However, women’s working hours recovered faster. In the last three months of 2020, women worked 0.8% more hours than in the same period of 2019, whereas men worked 0.6% more.“Those employed women who worked longer hours than usual in the second half of 2020 possibly wanted to make up for the income losses in the second quarter …

  • India – Online recruitment falls 15% in February amid pandemic: Monster Employment Index

    Online recruitment in India recorded a year-on-year decline of 15% in February 2021 due to the impact of the pandemic, according to data from Monster.com in India, a Quess Company. The Monster Employment Index (MEI) decreased to 271 in February 2021 from 318 in February 2020.Month-on-month, hiring activity picked up month-on-month to an increase of 6% in February 2020.Online hiring demand in February 2021 exceeded February 2020 levels in two of the 27 Industries monitored by the Index.Year-on-year, Agro Based Industries (+11%) and Telecom/ISP (internet service provider) (10%) showed a notable annual growth in e-recruitment activity. Rest of the monitored Industries showed a downward trend in online demand for hiring.The industries that continued to decline in annual growth are Tr …

  • Malaysia – Jobless rate edges up in January to 4.9%

    Malaysia’s unemployment rate increased year-on-year by 1.7% to a rate of 4.9% in January 2021, according to data from the Department of Statistics Malaysia. When compared to the previous month, the unemployment rate rose slightly by 0.1%.Overall, the number of unemployed persons stood at 782,500 in January, this was up 52.9% from the previous year and up 1.2% from the previous month.The number of employed persons in Malaysia stood at 15.24 million in January 2021, down 0.5% from the previous year but up 0.1% from the previous month.Meanwhile, the country’s labour force participation rate stood at 16.02 million, up 1.2% from the previous year and up 0.2% from the previous month.“Looking at the health crisis situation in early of 2021, the labour market is expected to face a little bump …

  • World – Xero acquires workforce management platform Planday

    Xero Limited, a New-Zealand cloud-based accounting software platform announced yesterday the acquisition of Planday, a European workforce management platform.Headquartered in Denmark, Planday’s staff management platform simplifies employee scheduling, allowing businesses to forecast and manage their labour costs.Aligned with Xero’s strategic priority to grow the small business platform, the acquisition of Planday will help more small businesses save time, save money, deal with increasing compliance requirements, support more flexible forms of work, and look after their people, according to the firms.Planday is an open platform that integrates with Xero, other accounting solutions and third-party workforce-related apps, to deliver a real-time view of staffing needs and payroll costs, alongs …

Latest Research

  • Best Practices in Remote Working For Staffing Firms

    Key Findings: Why your firm will benefit from remote-enabled workers. There are many benefits to offering staff the flexibility to work remotely: improved employee satisfaction and retention, the ability to recruit homebound workers (parents of young children, the physically handicapped), the ability to recruit workers outside your local area, reduced employee illness, reduced rent, and potentially quieter work settings. Six recommendations for managing remote workers: Set expectations and get buy-in. Know what success looks like, get agreement on those terms, and monitor performance using metrics. Suggested metrics for fifteen internal staff occupations are included in this report. Encourage communication. Encourage virtual meetings, be available yourself, and invest in appropriate techno …

  • March 2021 US Jobs Report

    Event: In today’s monthly jobs report from the US Bureau of Labor Statistics (BLS), total nonfarm employment rose by 379,000 in February on a seasonally adjusted basis; temporary help services posted another strong month, with a gain of 52,700 jobs. The temporary agency penetration rate rose from 1.90% to 1.94%, its highest level since January 2020. The national unemployment rate declined again last month, from 6.3% to 6.2%, even with a rise in the labor force.The number of unemployed who described themselves as “on temporary layoff” declined by 517,000 last month to 2.2 million, though is still 1.5 million higher than the pre-COVID level in February 2020. The number of unemployed who described themselves as “permanent job losers” was essentially unchanged last month, and 2.2 million highe …

  • North America Temporary Worker Survey 2021: Temporary worker perception of age, gender and racial fairness

    Key Findings: Temporary workers were asked whether they felt advantaged or disadvantaged for their age, gender, and race both in their temporary work assignments and in the working world generally. The following conclusions are based on their responses: The overwhelming majority of temporary workers believe their age, gender, and race to be either an advantage or of no consequence in their temporary work assignments. However, there were notable minorities who felt at a disadvantage: Age. In the 56 and over category, 9% felt disadvantaged for their age, and in the 25 and under category 8% felt disadvantaged. Gender. Among men, 4% felt disadvantaged for their gender and among women 5% felt disadvantaged. Race. Among Black respondents, 15% felt disadvantaged for their race; among those select …

  • North America Internal Staff Survey 2021: Internal staff perception of diversity and inclusion at staffing firms

    Key Findings: Internal staff were asked five questions about their staffing firm’s effectiveness in ensuring diversity and inclusion. The following conclusions are based on an analysis of their responses: Overall, staff feel that their staffing firms are treating them fairly. Across almost all ages, races, genders, and pay scales typically around 90% either agreed or agreed strongly with that sentiment. The only category of respondents among whom there was more than 4% disagreement was “Other/Non-binary;” in that group 11% disagreed, but it should be noted that the sample size was small. Most thought their firm did a good job ensuring diversity and inclusion, but some groups were less certain than others. Across most demographics, typically 80%-90% agreed or strongly agreed. However, “Othe …

  • SI Report Webinar – February 2021

    In this webinar, topics covered include: Economic and Employment Trends MSP and VMS Global Landscape Summaries Legal and Regulatory Outlook 2021 US Staffing Occupational Markets Guidebook 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 210223 SI Report Webinar Presentation Slides – You do not have permission to view this object. Select the play button to begin viewing.

  • The Ukrainian Market

    We calculate that the Ukrainian Staffing Market was worth UAH 4 billion (EUR 137 million) in 2019, with permanent recruitment accounting for 89% and temporary agency work 11%. The market has been growing strongly since the countries last economic downturn in 2013. However, the full impact of Covid on revenue in 2020 and 2021 is not yet clear. Note: While we try to present data in line with our standard practice of defining “staffing” revenue as that generated from the provision of temporary workers to business clients, as well as from “place & search” services (direct hire/permanent placement and retained search.) There may be an element of other income in the figures above due to the lack of visibility in the marketplace.According to government statistics from the State Employment Cen …

  • 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 Europe

    We estimate that in 2019, the global staffing industry generated EUR 445 billion (USD 498 billion) of revenue worldwide. We estimate that the European staffing market was worth EUR 178.2 billion (USD 199.5), accounting for 40% of the global revenue. The 30 firms in our Largest European Staffing Firms List had total revenues of EUR 76.1 billion in 2019, therefore representing 43% of all European revenues. 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. You can download the full report here:  Largest Staffing Firms in Europe – You do not have permission to view this object.

  • Independent Contractors in Europe

    Staffing firms across Europe are eager to identify new talent pools for skilled positions they are struggling to fill in their home markets. The independent contractor (IC) status is attractive to a wide range of skilled professionals as it can provide more freedom to manage their career and work/life balance. The inherent flexibility is also attractive to staffing firms on a mission to find rare talent for hard to fill positions, to work on projects that are temporary by nature. We have leveraged data from Eurostat’s labour force survey to map occupational skill groups and their usage as independent contractors across Europe. The results of our analysis are presented in two forms: The share of IC pro rata to the total workforce in each country, by occupational segment (pages 6-16). A brea …

  • European Employment Barometer Q3 2020

    Data collated from Eurostat’s most recent labour market survey findings on Total and Temporary Employment provide us with insights into various areas such as: Y/Y change in total employment Part-time workers as a percentage of total employment Employment rate Unemployment-to-employment transition Temporary employees by occupation Temporary employees by economic activity, and much more The data in the Agency Work tab is provided directly by European staffing associations as part of our partnership with the World Employment Confederation. This data shows business trends in the temporary agency work sector in 12 countries, from Q2 2018 to the latest data release. We also provide a unique set of correlations between temporary agency work indicators and other economic factors to illustrate the …

  • 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 …

  • Interactive Directory of Suppliers to Staffing Firms

    This 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 1,400 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 include: Advisors & Consultants Analytics & Benchmarking Candidate Assessment Candidate Engagement Compliance, Payroll & Umbrella Front & Back Office Software Online Job Advertising Online Staffing Enabling Technology (OSET) Recruitment Marketplaces Sourcing Automation, full list of categories can be found on the directory tab.   If you believe …

  • Legal Calendar 2021: APAC

    This report details the legal changes and developments that are expected to impact the workforce environment across the Asia Pacific region in 2021.Employers should use this report to prepare for significant changes to employment contracts, pay and conditions and regulatory requirements.To download the full report, click below: Legal Calendar 2021 APAC 20210122 – You do not have permission to view this object.

  • VMS Global Landscape Summary 2020

    This report summarises the CWS Council global VMS landscape and differentiators reports for 2020 and includes: VMS provider landscape Size and growth of the global VMS market VMS market size by buyer, industry and occupational classifications  VMS service developments and investments and emerging solutions Partnerships and service expansion Click below to download the report: VMS Global Landscape Summary 20210119 – You do not have permission to view this object.