Annual Report Details Strengths and Weaknesses of Staffing Markets Globally
Mountain View, California - February 22, 2018 - Staffing Industry Analysts (SIA) has issued its 2018 report on the Most Attractive Staffing Markets Globally. Sixty different staffing markets were assessed across six continents. The findings of this annually compiled report cover both emerging and established staffing markets, and attractiveness is identified according to ten different criteria.
This year's report ranked Italy and Sweden as the joint-most attractive staffing markets, followed by Ireland, Denmark, Finland and Lithuania. Both Italy and Sweden display some strong growth prospects, and both markets have individual advantages that staffing firms wishing to expand internationally may find more suitable to their particular business case.
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Malaysia ranked as the most attractive staffing market in Asia, followed by Japan and South Korea. The joint-least attractive markets included in the analysis were Nigeria and Saudi Arabia, due in part to relatively small size, unfavorable business environment and high level of political instability. While countries with lower rankings may present additional challenges, they should not be considered 'unattractive' as they are also among the more immature markets that, by nature, offer the most long-term growth potential.
"We have updated our methodology to ensure the report and interactive tool provide the most relevant and up-to-date data to help our Members make the right decisions," said David Papapostolou, Senior Research Analyst at SIA. "Identifying an international market that best fits a business' strategy can be a daunting task, we hope to alleviate some of the pain with this report."
Markets that have become more attractive this year as compared to the 2017 analysis include Italy, South Africa, Brazil and Lithuania.
The full report is available for Corporate and CWS Council Members, along with the Excel-based Market Attractiveness Assessment Tool (MAAT). The MAAT allows users to conduct their own assessment based on the indicators that they perceive as most relevant to their business activities.
About Staffing Industry Analysts (SIA)
SIA is the Global Advisor on Staffing and Workforce Solutions
Elevating the Workforce Solutions Ecosystem
Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor. SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.
Known for our award-winning content, data, support tools, publications, executive conferences and events, we help both suppliers and buyers of workforce solutions make better-informed decisions that improve business results and minimize risk. As a division of the international business media company, Crain Communications Inc., SIA is headquartered in Mountain View, California, with offices in London, England.
Media Contact
Jennifer Arcuni, Communications Director, Staffing Industry Analysts
jarcuni@staffingindustry.com, +1 650-390-6171 | www.staffingindustry.com
