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This month, Staffing Industry Analysts has published a wide range of interesting research pieces, from Russian and Japanese staffing markets, to UK hiring trends and Indian staffing issues.
The Russian staffing market is vibrant and fast-growing market, characterized by credible staffing brands servicing large multinational employers as well as large domestic firms. But it also has a sizeable ‘black market’ comprising numerous small operators prepared to pay temporary workers in cash and avoid taxes and social charges. Despite a number of positive growth drivers, the country is not without its challenges for buyers and suppliers of temporary labour, including political unrest, corruption, a weak economic infrastructure and an uncertain legislative environment.
Following the encouraging trends observed last month, in this report we describe how the rebound of the professional recruitment market was gaining momentum in February. According to data provided by APSCo members, permanent placements in particular seemed to be picking up strongly while the temporary market is still lagging – but more upbeat data on online vacancies indicate this trend may not last.
Flexicurity (a combination of flexibility and security) has been on the agenda of public and policy discussions across Europe and internationally since the 1990s. The objective is to combining labour market flexibility with employment security and the need to respect the rights and working conditions of workers.
Although the WE Staffing Industry Share Index (SISI) was down -12.4% year-on-year to March, it has risen nearly 15% since the beginning of this year as sentiment improves. If you bought shares last March in the very largest staffing companies, large companies and medium companies you would be facing a loss. Only small companies have made a gain over this period. But European staffing shares as a whole outperformed the listed tech companies which operate in the recruitment arena.
This piece of research will tell you everything you need to know about Japanese staffing firms, allowing you to identify growth opportunities in the world’s second largest staffing market. Who are the biggest players and who owns them?
The Indian Staffing Federation (ISF), an apex body of the temporary staffing industry in India, unveiled a detailed discussion paper that outlines the contours of the growing staffing scenario in India. Besides revealing major challenges facing the industry, the paper also outlines its recommendations to address and overcome these. This comes at a time when the Indian staffing industry is posting significant growth of 10% to 15% year-on-year and has the potential for even higher growth, given a more conducive regulatory environment.