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Global Daily News

  • PEO Trucept reports revenue down 18%, working capital deficit

    Trucept Inc. (OTCBB: TREP), a professional employer organization, announced revenue fell 18.5% for the full year 2016 to $6.7 million because of the loss of a client, although net income rose. The company also announced it reduced its total liabilities by $6 million during the year.In its annual report, Trucept reported it had a working capital deficit of $28.4 million and an accumulated deficit of $27.8 million.The firm reported it owed $26.1 million in delinquent payroll taxes, including penalties as of Dec. 31. “These amounts are due to the US Treasury and represent collection of employment taxes from its PEO employees,” according to the company’s annual report. “The US Treasury and Internal Revenue Service will have a priority interest in all assets of the company.”Net income for 2016 rose to $3.8 million from $603,051 in the previous year.The annual report lists the company’s principal place of office as Irvine, Calif. […]

  • Alberta to be Canada’s fastest-growing economy, report says

    Alberta is poised to have the strongest economic growth in 2017 mainly due to fast-rising oil production, according to The Conference Board of Canada's Provincial Outlook: Winter 2017. Last year’s leaders, British Columbia and Ontario, will see their economic growth lose some momentum in 2017 but will still deliver moderate expansion.“Following two tough years stemming from widespread weakness in the energy sector, Alberta’s economy finds itself with the strongest economic growth this year,” said Marie-Christine Bernard, associate director, provincial forecast. “Along with a big increase in oil production, some of the growth in Alberta will come from the rebuilding efforts in Fort McMurray. However, we expect more subdued economic growth next year as oil prices are not expected to increase very much.”All provinces are expected to see positive economic growth this year, with the exception of Newfoundland and Labrador. Forecasts by province:Alberta: Alberta's real GDP is forecast to grow by 2.8% this year, the fastest among the provinces, with 0.4 percentage point coming from the rebuilding efforts in Fort McMurray.Ontario: Ontario’s economy remains in a good position, although real GDP growth is expected to ease to 2.0% in 2017.Quebec: The Quebec economy exceeded expectations in 2016 and will continue to perform well with real GDP growth forecast to average 1.9% for 2017-18.British Columbia: Taking a hit from the housing market slowdown, British Columbia's economy will slow from the above 3% average pace of the last three years to 1.9% in 2017.Manitoba: Manitoba’s economy will advance 1.9% this year and grow by a similar pace in 2018. Declines in metal mining output of more than 10% are forecast over the next three years but Manitoba's manufacturing, transportation and insurance sectors are sound, insulating the province from any large fluctuations in GDP.Saskatchewan: Following two years of recession, Saskatchewan’s economy will be back in the black this year, with real GDP growth forecast at 0.9%. A net gain of 1,804 jobs will be created this year, but it will not be enough to prop up disposable income.Prince Edward Island: The economic outlook for Prince Edward Island is the best among the Atlantic provinces, with GDP growth of 2.2% expected in 2017. Underpinning the sound economic growth is the province’s manufacturing sector.Nova Scotia: The end of development for some big construction projects and an aging population will weigh on Nova Scotia’s economy, with only modest real GDP growth of 0.8% forecast for 2017. While job creation in the province is expected to improve over the near term, employment growth will be subdued as the aging population constrains labor supply and the potential of the economy.New Brunswick: New Brunswick’s economy is forecast to perform better; but, real GDP growth will be limited to 1.2% on average this year and next. Similar to Nova Scotia, New Brunswick’s aging population will weigh down labor force and economic prospects going forward.Newfoundland and Labrador: The Newfoundland and Labrador economy will have to contend with the adverse effects of major investment projects unwinding, fiscally restrictive measures that will hamper household spending and soft commodity prices. The collapse in provincial investment, totaling a 57% decline in 2017 for business non-residential investment, will have ripple effects in labor markets as construction activity declines. The unemployment rate is projected to surge to 15.5% this year. Overall, the Newfoundland and Labrador economy is expected to contract by 1.8% in 2017. However, oil production at the Hebron offshore oil project will ramp up toward the end of the year and is expected to contribute to a temporary spike in economic growth in 2018. […]

  • Nearly all HR managers say emotional intelligence important, study finds

    Professionals can rely on their emotional intelligence to deal with the variety of personalities and challenging situations they encounter at work, according to research by OfficeTeam, a division of Robert Half Internaional Inc. (NYSE: RHI). When employees take emotions into account, they make better decisions, communicate more diplomatically and resolve issues faster regardless of who or what comes their way.Nearly all HR managers and workers surveyed, 95% and 99% respectively, said it’s important for staff to have high emotional intelligence. More than one in five employees, 21%, believe EQ is more valuable in the workplace than IQ, and 65% said the two are equally important.Three in 10 HR managers, 30%, feel most employers put too little emphasis on emotional intelligence during the hiring process, and 43% identified increased motivation and morale as the greatest benefit of having emotionally intelligent staff.“The value of emotional intelligence in the workplace shouldn’t be underestimated — it’s vital to companies and teams,” said Brandi Britton, a district president for OfficeTeam. “When organizations take EQ into consideration when hiring and also help existing staff improve in this area, the result is more adaptable, collaborative and empathetic employees.”What companies use to gauge job applicants’ EQ: Reference checks: 70% Behavioral-based interview questions: 55% Personality/psychometric tests: 32% Don’t gauge candidates’ emotional intelligence: 15% The surveys were developed by OfficeTeam and conducted by independent research firms. They include responses from more than 600 HR managers at companies with 20 or more employees, and more than 800 workers employed in office environments in the US and Canada. […]

  • People: AESC, Texas Association of Staffing, Cielo and more

    The Association of Executive Search Consultants announced appointments to its 2017 global board of directors, which consists of elected officers from each of AESC’s three regional councils: Americas; Asia Pacific and Middle East; and Europe, Israel and Africa. Krista Walochik, Talengo/The Global Community for Leaders, chair Steve Mullinjer, Heidrick & Struggles, vice chair Dinesh Mirchandani, Boyden, secretary and treasurer Thomas Daniels, Spencer Stuart, chair emeritus Karen Greenbaum, AESC, ex-officio Ineke Arts, Hoffman & Associates/IIC Paul Benson, Korn Ferry Richard Boggis Rolfe, Odgers Berndtson Kate Bullis, SEBA International Dorota Czarnota, Russell Reynolds Associates Thomas J. Fuller, Epsen Fuller/IMD Nobi Kaneko, Kaneko & Associates Alan J. Kaplan, Kaplan Partners Morten Nielsen, Witt/Kieffer The Texas Association of Staffing appointed Jonathan Jenswold to its board of directors. Jenswold, a franchise owner with AtWork Group with two offices in the Fort Worth area, has also been appointed to the AtWork Group Franchise Advisory Council.SRiCheyenne — an executive search consultancy for the digital, media, entertainment and sport sectors — named Jay Hussey as CEO of the newly created business, with current CEO and founder Pat Mastandrea moving into a new role as vice chairman. Hussey most recently led the US technology and digital transformation practices at Odgers Berndston. SRiCheyenne is the name of the North America-facing company resulting from the January merger of The Cheyenne Group, an executive search firm headquartered in New York City, and SRi, an international executive search and consulting firm based out of London.RPO provider Cielo expanded its employer brand practice team. Will Innes, VP of Cielo’s employer brand practice, and dedicated on-site account manager Jacquese Brown will build new client WellStar Health System’s employer value proposition. Cielo also hired Kellie Buckley as VP of brand services and Michail Takach as global digital director; both new employer brand practice team members joined in December and focus on cross-channel brand strategies for Cielo’s RPO clients.Gifted Healthcare, national nurse-owned healthcare staffing company, announced Oscar Salas joined the company as director of travel services, where he will lead the recruiting and account management functions of the travel nursing division. Salas' sales and management experience includes more than six years with Concentra as sales manager for inside and field sales; previously, he was with Delta Companies as a recruiter and senior sales consultant.Tatum, a division of Randstad Holding NV, appointed Chris Shaw to regional partner of private equity services, responsible for private equity firms and portfolio companies in New York, New Jersey, Connecticut and Pennsylvania. He most recently served as managing director at Oberon Securities. Tatum provides professional and interim services including strategic, financial and technology solutions.Professional employer organization Oasis Outsourcing, one of the largest PEOs in the US, announced Mary Anne Tate joined the company in the newly created role of senior VP of client and partner management, responsible for all aspects of client service and channel partner strategic relationships; she previously held roles at Bank of America Merchant Services, First Data Management Corporation and Chase Merchant Services. And the company promoted Rebecca Woods to the new role of senior VP of operations, responsible for the operational areas of the business including payroll, benefits, implementations and compliance; she has more than 20 years of experience in the PEO industry and joined Oasis in 2015 as VP and general manager as part of Oasis’ acquisition of Doherty Employer Services.Executive search firm Korn Ferry International Inc. (NYSE: KFY) announced May Knight joined the firm as country managing director, Korn Ferry Hay Group. She will be based in Korn Ferry’s Hong Kong office. Knight most recently was managing director, financial services, Asia Pacific at a global consulting company, where she led its insurance management consulting practice for Asia Pacific. Korn Ferry also added three senior client partners: Eileen O’Donnell to the global healthcare services practice with a focus on the hospital and payer sectors, based in Korn Ferry’s New York office; Juana Duque to the Korn Ferry Hay Group, based in Korn Ferry’s Bogotá office; and Lee Esler to the global technology practice, based in the Atlanta office.Advanced Clinical appointed Caroline Redeker to senior VP, corporate development. The Deerfield, Ill.-based clinical development organization provides global services, including clinical staffing. Redeker has served in the clinical research industry for more than 25 years, working within a large independent research site, a site management organization and multiple contract research organizations.Harmony Healthcare, a human capital management solutions firm that places revenue cycle and health information professionals, hired Cyndi Thomas as its new chief development officer. She has more than 20 years of experience with firms including Optum360/United Healthcare, KForce and Comforce. […]

  • UK – RTC Group revenue up but gross profit down in 2016

    RTC Group Plc (AIM: RTC.L), the engineering and technical recruitment company, reported revenue for the full year ending 31 December 2016 of £67.9 million, an increase of 4.6% compared with £64.9 million in 2015. (£ millions) FY 2016 FY 2015 Change Group Revenue 67.9 64.9 4.6% Gross Profit 12.1 12.7 -4.7% Profit Before Tax 1.1 1.3 -15.4% RTC has three principal trading subsidiaries engaged in recruitment services: ATA, an engineering and technical recruitment consultancy, which supplies white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets; Ganymede, which is focused on the supply and operation of blue collar contingent labour into safety critical markets; and GSS which predominantly provides managed service solutions for international clients.Group gross margin reduced to 18% (2015: 20%) as a result of a change in business mix from permanent to contract revenue reflecting the short-term issues at ATA.“2016 was another positive year for RTC,” Andy Pendlebury, CEO said. “Ganymede continues to build its reputation as a leading supplier to Network Rail on its CP5 (Control Period 5) maintenance and renewal programmes. ATA’s regional branch network delivered another solid year and the ATA project business, despite its third quarter difficulties, rebounded strongly in the last quarter of the year. Whilst overall group revenue has only increased modestly from 2015 and gross margin and net profit were not as originally hoped, cash generation was strong and we are pleased to be able to propose a 2.0 p per share final dividend.”“We will continue to build value for shareholders through the further implementation of the Board’s strategic plan of building and investing in complimentary subsidiary businesses. RTC will seek to develop new opportunities for growth through the delivery of both independent and integrated solutions for existing and new clients. Our success in capturing multi-subsidiary business opportunities is growing and as more clients are aggressively accelerating supply chain consolidation, we believe our strategic advantage will gather pace,” Pendlebury said.In trading today, RTC Group PLC traded at 55.25, up 3.27% on the day and 65.92% above the 52 week low of £33.30 set on 21 October 2016. Based on its current share price the company has a market value of £7.78 million. […]

  • UK – Permanent placements fall 1% in January while contract placement rise 2%

    Overall placement numbers for permanent roles in the UK fell by 1% in January when compared to the same period last year, according to a report, ‘State of the Nation’, from the Association of Professional Staffing Companies (APSCo). The data also showed that contract placements increased by 2% during the same time.APSCo’s data, which focuses on professional recruitment, reveals variations between the trade association’s core sector groups in terms of hiring activity. While permanent placements across both IT and engineering, for example, have increased (18% and 2% respectively), permanent placements within financial services slipped by 6%.Meanwhile, recruitment of professional contactors increased by 2% across the board year-on-year, with much of this activity attributed to a surge in the number of roles within financial services.Despite the fact that permanent placements dipped by 6% year-on-year in this sector, contract placements increased by 24% during the same period as uncertainty around London’s future post-Brexit deters decision makers from committing to permanent hires. Engineering was the only other sector which saw modest growth in temporary hiring, with contract placements increasing by 3%. This is likely to be attributed to the number of large-scale infrastructure projects currently underway across the UK, coupled with acute skills shortages in the sector as reported by industry body, Engineering UK.APSCo’s figures also reveal that median salaries across all professional sectors dipped by 1.4% year-on-year. This figure is characterised by notable fluctuations in terms of sector, with IT, for example, recording an uplift of 1.8% while, in banking, average salaries were down 4.7% year-on-year.“This data suggests that as the as next month’s deadline approaches for the UK to start its formal withdrawal from the EU, organisations are slightly more hesitant to commit to bringing on board permanent staff,” Ann Swain, Chief Executive of APSCo, said. “Thankfully, the strength of the UK staffing market lies in its flexibility, and it seems that organisations are bridging gaps with contractors to keep the wheels in motion.”“The fact that financial services firms are scrambling for contractors – while cutting back on permanent hiring, is unsurprising given the uncertain future of the City post-Brexit,” The presumption is the remaining companies are turning to contingent workforces until they have the information they need to make logical and reasoned decisions on where their futures lie geographically.&rdquo […]

  • Denmark – New taxi law could put an end to Uber’s operations in the country

    The Government of Denmark has proposed a new taxi law that could end ride-sharing app Uber’s operations in the country.The proposed law, if passed, stipulates that it will become obligatory for taxis to have seat sensors, video surveillance and taxi meters. The majority of parliament is backing the law. Uber’s critics suggest this could mark the end of their operations in Denmark. “With this new agreement we’ll get a new and better foundation for controlling the tax proceeds of taxi driving,” Danish transport minister, Ole Birk Olesen told the Copenhagen Post. “It also means we will continuously evaluate new and alternative technologies that could develop the industry even more in the future.”Uber has already come under fire in Denmark for its UberPop service, which lets private drivers provide rides in their personal cars. This service does not require drivers to have a taxi license as Uber argues, that it considers it a carpooling service, according to E-Marketer. However, a ruling last year found that UberPop was in violation of taxi laws.Uber has stated that it will fight the proposal. […]

  • UK – Public sector agency workers could lose 30% of pay due to IR35 tax changes (The Guardian)

    Agency workers in the UK’s public sector could see a cut in their pay of up to 30% due to tax changes that are set to be introduced in April, reports the Guardian.  The pay cuts could see some of the public sector workers leave already struggling sectors such as the NHS and social care. The planned changes to the IR35 tax system would affect agency workers supporting frontline government services, however, the changes will not affect private sector employees.For more on the upcoming tax changes in IR35 click here. […]

  • Singapore – Advancer Global achieves record revenue boosted by acquisitions

    Advancer Global (43Q:SES), an integrated services provider offering workforce solutions and services in Singapore, reported revenue for the full year ending 31 December 2016 of SGD 50.9 million (USD 36.2 million), an increase of 13.7% compared to the same period last year. (SGD millions) FY 2016 FY 2015 Change (FY 2016 USD millions) Revenue 50.9 44.8 13.7% 36.2 Gross Profit 13.6 11.9 14.1% 9.6 Advancer Global states that its record revenue of SGD 50.9 million (USD 50.9 million) was boosted by strategic acquisitions to expand the group’s scope of services in the Facilities Management Services division comprising of Building Management and Security Services. The increase in revenue was undermined by a decrease in revenue contribution from the Employment Services a result of a decline in the number of foreign domestic workers that the Group had placed out to households in Singapore.Overall gross profit margin remained relatively stable at 26.6% in FY2016, as compared to 26.5% in FY2015.Within the business segments, Employment services revenue fell by 1.5%, while Building Management grew by 32.2% and Security Services increased by 13.8%, compared to the previous year.Commenting on the results, CEO & Executive Director of Advancer Global, Gary Chin said, “We are heartened by our encouraging operational results. The group’s listing on the Singapore Exchange allows us to quicken our pace in strengthening our business model that encompasses the independent and yet complementary Employment Services and Facilities Management Services platforms for our wide customer base. The Group has embarked on a few strategic acquisitions to expand our scope of services within our Facilities Management Services division comprising Building Management and Security Services, to offer a holistic suite of solutions and services to our existing and new customers.”According to Advancer, the newly acquired subsidiaries, grouped under Facilities Management Services division, are expected to drive organic growth within the independent business units as they are integrated onto a common platform to provide a holistic suite of solutions and services to existing and new customers.As at 31 December 2016, the group has service contracts amounting to approximately SGD 3.6 million (USD 2.5 million) monthly from Facility Management Businesses.“Amid intense competition in this fragmented service industry, Advancer Global believes that the provision of greater convenience and ease of mind for customers, both corporations and households alike, are of utmost importance. While the Group continues to expand prudently, we will continue to integrate and innovate, as well as infuse technology into the spectrum of labour intensive services to enhance operational efficiencies to bring greater effectiveness and benefits to our customers,” Chin said.In trading today, Advancer Global Ltd closed at SGD 0.37 (USD 0.6), down 1.3% on the day and 25.42% above the 52 week low of 0.295 (USD 0.21) set on 2 August 2016. Based on its current share price the company has a market value of SGD 64.94 million (USD 46.1 million). […]

  • Australia – CML Group reports revenue up 53%

    Australian recruitment firm CML Group (CGR: ASX) reported revenue for the half year ending 31 December 2016 with revenue from continuing operations up 53% to AUD 18.5 million (USD 14.2 million) from AUD 12.1 million last year. (AUD millions) H1 2017 H1 2016 Change (H1 2017 USD millions) Group Revenue 18.5 12.1 53% 14.2 Group EBITDA 5.9 2.1 181% 4.5 Net Profit After Tax 1.5 0.4 275% 1.1 CML Group delivers finance, payroll, and employment solutions. The Payroll & Employment division provides managed services to clients; including labour sourcing through recruitment agency panel management, project management, and a migration practice.The group also reported the successful integration of the brands Cashflow Advantage and 180 Group that it had acquired during the year.In trading today, CML Group Ltd closed at AUD 0.24 (USD 0.18), up 2.13% on the day and 12.73% below its 52-week high of AUD 0.275 (USD 0.21), set on 8 September 2016. Based on its current share price the company has a market value of AUD 31.22 million (USD 23.9 million). […]

  • UAE – Salaries expected to grow in 2017

    Salaries in the United Arab Emirates (UAE) are expected to rise in 2017, according to data from specialist recruitment firm Cooper Fitch, which is the new name for Morgan McKinley in the Middle East.According to the data, the outlook for 2017 is improving and market sentiment looks reasonably positive. Cooper Fitch estimates GDP growth of between 4-6% across the UAE, with oil prices predicted at between USD 55-USD 65 per barrel. It is expected that there will be increases in salary levels and new jobs being made available.“We are seeing new hires for the year ahead, with jobs in consultancy, advisory, legal, strategy and tax, along with big infrastructure projects, playing a major part in the recruitment drive for 2017,” Trefor Murphy, CEO of Cooper Fitch said. “Other areas, such as supply chain and manufacturing have also shown signs of recovery, but to a lesser extent, as have the energy and oil and gas sectors, with reasonable job creation and head count approval predicted for 2017. The imminent introduction of VAT in the UAE, and across the GCC, is believed to be the biggest contributor for job creation in the year ahead.”Meanwhile the banking sector remains uncertain for 2017 with a significant number of mergers planned for the next 12 months. Overall, the data expects there to be increases in salary levels and new jobs being made available following a better than expected finish to 2016 and a similar start to 2017. […]

  • Brazil – Unemployment rate hits record high with nearly 13 million jobless in January (Reuters)

    The jobless rate in Brazil reached a record high of 12.6% in the three months to January with the recession leaving 13 million unemployed, reports Reuters.  The unemployment rate was up from the previous year’s 9.5% and the previous quarter’s 11.8%. The number of jobless people rose by 34.3% compared to last year, reaching 12.9 million in the period ending in January 2017. Brazil’s economy contracted in 2016 for the second year in a row as it went through the worst recession in its history. […]

Latest Research

  • Most Attractive Staffing Markets Globally 2017

    We have developed our own methodology for evaluating the potential of each staffing market. This provides a basic structure for understanding different strengths and weaknesses and a template for comparing a wide range of very different markets. Staffing markets have been ranked according to 10 different components.The Market Attractiveness Assessment Tool (MAAT) provides readers of the Most Attractive Staffing Markets report the benefit of making the analysis directly relevant for their own purposes. Built in Excel, the MAAT allows users to conduct their own assessment based on the indicators that they perceive as more relevant to their business case and risk tolerance. To download a copy of the report, click below: Most Attractive Staffing Markets 20170209 - You do not have permission to view this object. To download a copy of the excel based MAAT, click below: Market Attractiveness Assessment Tool 20170209 - You do not have permission to view this object. […]

  • SI Report Webinar - February 2017

    This monthly Staffing Industry Report webinar gives the latest updates on the economy, mergers & acquisitions in the staffing industry, and recent reports from the staffing buyer survey.The one-hour webinar is the most efficient way to stay on top of current trends in the industry. Earn 1 credit per webinar attendance towards CCWP continuing education.Download the presentation slides. Select the play button to begin viewing.Double click the 4 arrows to view full screen&nbs […]

  • Workforce Solutions Buyers Survey - Recruitment Process Outsourcing

    Key Findings 39% of the companies that responded to our survey indicated that they use recruitment process outsourcing (RPO), an indication of the significant use of this service. A definition of RPO is provided on page seven. Although our definition does not consider “bulk direct hire” to qualify as RPO, we note that some survey respondents may be reporting their use of “bulk direct hire” as RPO. 6% of survey respondents indicated that they held responsibility for RPO in their organization, and another 20% of respondents reported having some knowledge/influence over RPO. Adding these groups together, we see that two-thirds (26% divided by 39%) of contingent workforce managers at firms using RPO reported having at least some knowledge/influence over RPO operations at their firm. A majority (55%) of companies using RPO indicated that they use RPO for 10% or less of their total permanent hires, while another 14% of companies use RPO for 11-20% of their hires. On the other end of the spectrum, 26% of companies use RPO for a majority of their permanent hiring. A large majority (77%) of the companies that use RPO indicated that the switch to RPO brought about a decrease in time-to-fill for permanent hiring. Among these firms, the most common selection was a 1-10% decrease in time-to-fill. Improving recruitment efficiency was the most cited primary reason for implementing RPO, selected by roughly two-thirds of companies (67%). Reducing costs (56%) and making hiring more scalable (53%) were the second- and third-most commonly identified reasons. To download the full report, please select the link below:  WS Buyers Survey 2016 - NA - Recruitment process outsourcing 20170203 - You do not have permission to view this object. […]

  • February US Jobs Report

    Event: On a seasonally adjusted basis, total nonfarm employment increased by 227,000 and the unemployment rate rose slightly by 6 basis points to 4.78% in January, according to the U.S. Bureau of Labor Statistics (BLS) in its monthly jobs report. Temporary help services employment increased by 0.50% in January, adding 14,800 jobs. The temporary penetration rate rose one basis point, to 2.05%, matching the all-time high of 2.05% (newly revised from 2.06%) previously reached in December 2015 and November 2016.Background and Analysis: On a year-over-year (y/y) basis (January 2016 over January 2015), total nonfarm employment was up 1.6%, and monthly job gains have averaged approximately 195,000 over the past 12 months. Temporary help employment was up 3.3% y/y, with monthly job gains averaging approximately 7,800 over the past 12 months. The economic sectors that most drove total nonfarm employment growth in January included retail trade (+45,900), construction (+36,000) and leisure & hospitality (+34,000) Declines for the month were seen in government (-10,000), education (-8,800), and transportation & warehousing (-4,000)..BLS Revisions: The change in total nonfarm payroll employment for November was revised from +204,000 to +164,000, and the change for December was revised from +156,000 to +157,000. With these revisions, total nonfarm employment gains during the two-month period were 39,000 lower than previously reported.The change in temporary help services employment for November was revised from +23,800 to +25,500, and the change for December was revised from -15,500 to -12,800. With these revisions, temporary help employment growth was 4,400 greater than previously reported.  Note that the BLS also implemented its annual benchmark revisions this month, resulting in adjustments that may impact data going back to January 2012.  Staffing Industry Analysts’ Perspective: The first month of 2017 was a strong one for employment, with total nonfarm job additions of +227K coming in well ahead of the median forecast of economists surveyed by Bloomberg of +180K. The slight rise in the unemployment rate was due to a 20 basis point sequential increase in labor force participation, to 62.9%.There was a notable shift in the sectors that were most responsible for driving overall jobs growth in this report, as retail trade and construction had their largest gains since February and March of 2016, respectively, coming in stronger than healthcare & social assistance (+32.1K) and professional services (excluding temporary help, +24,200) which have led employment growth throughout this economic growth cycle. In percentage terms, however, natural resources & mining had the highest rate of growth in the month of January, at 0.6%. This was the third straight month of gains for the beleaguered sector, reversing a downtrend that had been in place for more than two years.Temporary help had a solid month, recovering from the contraction in December. This was the one-year anniversary of the worst monthly decline for the industry since the Great Recession, when 43,200 temporary jobs were lost in January 2016. That easy prior-year comparison enabled the industry’s y/y growth rate to jump to 3.3% in January from 1.2% the preceding month. As a consequence of the BLS annual benchmark revisions, the prior all-time peak for the temporary penetration rate of 2.06% was notched down one basis point, to 2.05%, matched in this month’s report. If the temporary employment growth demonstrated in this month’s jobs report can be sustained through several months, the penetration rate should reach new heights.Corporate Member subscribers may download employment figures in greater detail from a link that will appear below:   Monthly Employment Situation February 2017 - You do not have permission to view this object. […]

  • European Listed Staffing Firms 1Q16 Financial Results

    Key Findings: This is an update of a selection of publicly traded recruitment firms around Europe with the most recently updated financial information as of the first quarter. First-quarter revenue rose at the largest firms. Adecco, the world’s largest staffing firm, reported revenue rose 4% on an organic basis, which excludes the impact of acquisitions, divestitures and currency. First-quarter revenue at Randstad rose 5% on an organic basis. Tables of income and revenue performance can be found on the following pages. Revenue may reflect net sales only in some instances. In addition, revenue in the charts includes all revenue of a particular firms even if they have revenue from both inside and outside Europe or in other business lines. Where possible, hyperlinks to Staffing Industry Analysts’ news coverage of the results have been provided. This list includes staffing companies and firms directly related to the workforce solutions ecosystem. To download the full report, click below: EU Results 1Q16 - You do not have permission to view this object. […]

  • Staffing Firm Market Share Landscape and Book of Lists - EMEA Edition 2016

    The 2016 Staffing Firm Book of Lists contains 12 lists of largest staffing firms relating to Europe in one consolidated Excel file. The file includes: Lists of the largest staffing firms in France, Germany, Italy, the Netherlands and Globally; Lists the largest temporary staffing firms in the Europe in each of the following skill segments: Clinical/Scientific, Direct Hire, Engineering, Healthcare, Information Technology, Healthcare. List of the largest Job Boards globally. To download the Excel file, please click on the link below: Staffing Firm Market Share Landscape and Book of Lists - EMEA Edition 2016 - You do not have permission to view this object. […]

  • Workforce Solutions Buyers Survey - Recruitment Process Outsourcing

    Key Findings 45% of the companies that responded to our survey indicated that they use RPO, an indication of the significant use of this service. Although our definition of RPO on page seven does not consider “bulk direct hire” to qualify as RPO, we note that some survey respondents may be reporting their use of “bulk direct hire” as RPO. 10% of survey respondents indicated that they held responsibility for RPO in their organization, and another 22% of respondents reported having some knowledge/influence over RPO. Adding these groups together, we see that roughly 70% (32% divided by 45%) of contingent workforce managers at firms using RPO reported having at least some knowledge/influence over RPO operations at their firm. A majority (54%) of companies using RPO indicated that they use RPO for 10% or less of their total permanent hires, while another 7% of companies used RPO for 11-20% of their hires. On the other end of the spectrum, 29% of companies used RPO for a majority of their permanent hiring. A large majority (75%) of the companies that use RPO indicated that the switch to RPO brought about a decrease in time-to-fill for permanent hiring. Among these firms, the most common selection was a 1-10% decrease in time-to-fill. Improving recruitment efficiency was the most cited reason, selected by roughly two-thirds of companies (68%). Reducing costs (64%) and making hiring more scalable (54%) were the second- and third-most-commonly identified primary reasons. To download the complete report, please select the link below: WS Buyers Survey 2016 - Europe - Recruitment process outsourcing 20170221 - You do not have permission to view this object. […]

  • The Structure of the UK Staffing Market

    There were 24,155 staffing businesses/enterprises (see page 12 for the definition) registered for VAT and/or to pay Income tax (referred to as Pay As You Earn  or ‘PAYE’) in the UK in March 2016 compared with 22,445 in March 2015, a rise of 1,710 (+8%). This figure is broken down between 13,320 employment placement and 10,835 temporary employment agencies. The vast majority of companies (83%) had revenues of less than £1 million, although 135 firms in the UK had revenue in excess of £50 million. The Greater London region accounted for the largest number of businesses in March 2016, with 28% of the UK total. The region with the next largest share of businesses was the South East at 19%. By city or town, London is also largest by far with 6,780 enterprises (see page 6). Ten London boroughs account for 55% of all these firms. In 2016, the vast majority of staffing companies were micro business employing between 1-4 people. Only 450 firms employed over 250 staff. The market is split by legal status between limited companies (88%), sole proprietors and partnerships (11%) and a small minority of public sector and non-profit making bodies. To download the full report, please click below: The Structure of the UK Staffing Market 20170220 - You do not have permission to view this object. […]

  • Staffing Firm Market Share Landscape and Book of Lists - LATAM Edition 2016

    The 2016 Staffing Firm Book of Lists contains 8 lists of largest staffing firms relating to Latin America in one consolidated Excel file. The file includes: Lists of the largest staffing firms in Brazil, Chile, Colombia, Mexico, Latin America and Globally List of the largest engineering firms and job boards globally. To download the Excel file, please click on the link below: Staffing Firm Market Share Landscape and Book of Lists - LATAM Edition 2016 - You do not have permission to view this object. […]

  • Workforce Solutions Buyers Survey - Recruitment Process Outsourcing

    Key Findings 45% of the companies that responded to our survey indicated that they use recruitment process outsourcing (RPO), an indication of the significant use of this service. Although our definition of RPO on page six does not consider “bulk direct hire” to qualify as RPO, we note that some survey respondents may be reporting their use of “bulk direct hire” as RPO. 10% of survey respondents indicated that they held responsibility for RPO in their organization, and another 22% of respondents reported having some knowledge/influence over RPO. Adding these groups together, we see that roughly 70% (32% divided by 45%) of contingent workforce managers at firms using RPO reported having at least some knowledge/influence over RPO operations at their firm. 33% of companies using RPO indicated that they use RPO for 10% or less of their total permanent hires, while another 7% of companies used RPO for 11-20% of their hires. On the other end of the spectrum, 47% of companies used RPO for a majority of their permanent hiring. The three most selected reasons for implementing RPO were improving recruitment efficiency, reducing costs, and making hiring more scalable, with each reason selected by 47% of firms. To download the complete report, please select the link below: WS Buyers Survey 2016 - APAC - Recruitment process outsourcing 20170221 - You do not have permission to view this object. […]

  • Most Attractive Staffing Markets Globally 2017

    We have developed our own methodology for evaluating the potential of each staffing market. This provides a basic structure for understanding different strengths and weaknesses and a template for comparing a wide range of very different markets. Staffing markets have been ranked according to 10 different components.The Market Attractiveness Assessment Tool (MAAT) provides readers of the Most Attractive Staffing Markets report the benefit of making the analysis directly relevant for their own purposes. Built in Excel, the MAAT allows users to conduct their own assessment based on the indicators that they perceive as more relevant to their business case and risk tolerance. To download a copy of the report, click below: Most Attractive Staffing Markets 20170209 - You do not have permission to view this object.  To download a copy of the excel based MAAT, click below: Market Attractiveness Assessment Tool 20170209 - You do not have permission to view this object. […]

  • Buyer Survey AP 2016: Hard to fill

    Key Findings We asked buyers from companies with more than 1,000 employees, “What specific skills are you having the greatest challenge recruiting?” Respondents provided open-ended responses. Among respondents noting IT as their largest occupational segment, data science and information security were commonly cited as skills difficult to recruit. Light industrial/manual labor was commonly cited among firms noting industrial as their primary segment. The difficulty in recruiting people with skills in data science or information security likely reflects a skill misalignment in the education of our overall workforce. The difficulty in recruiting light industrial workers and manual laborers likely reflects more than anything a need for buyers to simply adjust their pay to the market price. We did not categorize responses by whether or not they noted “niche” or “specialized,” as they are not specific skills. Such terms, however, were frequently cited as part of skills that are difficult to recruit. Click the link below to download the full report Workforce Solutions Buyers Survey 2016 - Global - Difficult to fill 20170131 - You do not have permission to view this object. […]