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.

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: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 …

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 …

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 …

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.

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 …

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.

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 …