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GLOBAL DAILY NEWS



 * AMERICAS

 * EMEA

 * APAC

 * AMERICAS

   
 * Workers as consumers and the talent crisis, staffing executives weigh in –
   Executive Forum
   
   From seeing the worker as a consumer to the talent crisis, remote work and
   more, leaders at four of the largest US staffing firms discussed issues
   impacting the industry during a keynote panel Tuesday at Staffing Industry
   Analysts’ Executive Forum North America in Austin, Texas.But panelist Peter
   Quigley, president and CEO of Kelly, said he probably wouldn’t use the term,
   “talent crisis.”“I think we certainly have challenges,” Quigley said. “I look
   around this room and think about the quality of the companies and people and
   the innovation and creativity. I think the challenge we have is something we
   can certainly overcome.”Still, those challenges are real.In the short term,
   people are staying on the sidelines for health reasons and school closures
   —but that’s a temporary situation, he said …

 * ZipRecruiter revenue up 93% in Q4, exceeds guidance
   
   Job aggregator ZipRecruiter Inc. (NYSE: ZIP) reported fourth-quarter revenue
   rose 92.5% to $220.1 million, exceeding the top end of prior guidance by 5%.
   However, net income fell at the Santa Monica, California-based
   company.“Employers are turning to ZipRecruiter to solve their hiring needs
   during these highly dynamic times as evidenced by the record numbers of paid
   employers participating in our marketplace,” said CEO Ian Siegel. “We are
   continuously enhancing our solutions for both employers and job seekers
   across all sectors of the economy.” (US$ thousands) Q4 2021 Q4 2020 % change
   Revenue $220,137 $114,344 92.5% Gross profit $200,361 $99,442 101.5% Gross
   margin percentage 91.0% 87.0%   Net income $20,989 $52,701 -60.2% “With only
   0.6 active job seekers for every job opening, emplo …

 * US private sector adds 475,000 jobs in February, beats expectations but still
   smallest gain since August
   
   US nonfarm private employment rose by 475,000 jobs in February with gains in
   all sectors, according to the ADP National Employment Report released today.
   The leisure and hospitality sector posted the largest boost in February with
   a gain of 170,000 jobs.Large businesses added 552,000 jobs and midsize
   businesses — those with 50-499 employees — added 18,000 jobs. However, small
   businesses struggled to compete for workers and lost 96,000 jobs in
   February.“Hiring remains robust but [was] capped by reduced labor supply
   post-pandemic. Last month, large companies showed they are well-poised to
   compete with higher wages and benefit offerings, and posted the strongest
   reading since the early days of the pandemic recovery,” said Nela Richardson,
   chief economist at ADP. “Small companies los …

 * Job.com acquires QCI Healthcare
   
   Job board firm Job.com today announced the acquisition of QCI Healthcare,
   a Grand Rapids, Michigan-based staffing agency.The transaction closed Dec.
   23. Terms of the multi-million-dollar acquisition were not disclosed.“The
   highly fragmented staffing industry has grown from 6,500 companies in 2000,
   to over 20,000 today,” said Job.com co-founder and CEO Paul Sloyan. “With the
   onset of the digital revolution, the staffing industry is ripe for both
   consolidation and modernization with further digital
   enhancements.” Executives and all team members at QCI Healthcare, which
   counts more than $20 million a year in revenue, will remain with the
   company.“My co-founder Christian Vera and I recognized this as a great
   opportunity to further grow and enhance QCI, while continuing …

 * Recruiters’ and students’ perceptions of career readiness don’t align: NACE
   
   Employers and college students agree on the most important competencies
   students need to develop to successfully enter the workforce, but they are
   divided on the proficiency of new college graduates in these key areas,
   according to research conducted by the National Association of Colleges and
   Employers.“The employer perception doesn’t align with how college students
   perceive their own proficiency in the eight career readiness competencies,”
   said Shawn VanDerziel, NACE executive director. “In nearly all of the
   competencies, college students believe they are more proficient — in some
   cases, by a significant margin — than do their potential employers.”Employers
   responding to a recent NACE survey deemed critical thinking, communication
   and teamwork the most important competencies fo …

More News | Subscribe

 * EMEA

   
 * World – PageGroup full year revenue climbs 30.2% in constant currency, gross
   profit jumps 49%
   
   PageGroup, a UK-based staffing firm with global operations, saw reported
   revenue jump by 30.2% in constant currency for the full-year ended 31
   December 2021.Steve Ingham, Chief Executive Officer, said, "I am pleased to
   report that 2021 was a record year for the group for both gross profit and
   operating profit. We prioritised the protection and wellbeing of our
   employees, candidates, and clients through the pandemic, whilst making clear
   decisions regarding strategic investments in our platform to take market
   share in the recovery. This is reflected in our record results.”"We saw
   strong quarterly improvement through the year, with the group returning to
   growth vs. 2019 in Q2 onwards, delivering growth in constant currencies of
   2%, 13% and 24% for Q2, Q3 and Q4 respectively,” Ingham …

 * Sweden – Dedicare appoints new CFO
   
   Swedish staffing firm Dedicare (DEDI: SS) has appointed Anette Sandsjö as the
   new Chief Financial Officer for the Dedicare Group and as a member of the
   group management.Sandsjö is currently CFO of Intendia Group AB, an education
   group, and has previous experience from Randstad, Lindorff and Deloitte.“It
   is very gratifying that we have succeeded in recruiting Anette Sandsjö as our
   new CFO. Anette's background from listed operations in the recruitment and
   staffing industry will contribute to Dedicare's continued development,”
   Dedicare CEO Krister Widström said.Sandsjö said, “I am happy about the trust
   and to be able to contribute to Dedicare's continued development. It is an
   exciting journey that I look forward to being a part of together with my new
   colleagues.”Sandsjö will t …

 * Europe – European Commission proposes offering jobs and residence rights for
   people fleeing Ukraine
   
   The European Commission announced yesterday that it is proposing to activate
   the Temporary Protection Directive to offer quick and effective assistance to
   people fleeing the war in Ukraine.Under this proposal, those fleeing the war
   will be granted temporary protection in the EU, meaning that they will be
   given a residence permit, and will have access to education and the labour
   market.“Temporary protection” is an exceptional measure to provide immediate
   and temporary protection to displaced persons who are from outside the EU and
   unable to return to their country of origin.Vice-President for Promoting our
   European Way of Life, Margaritis Schinas, said, “All those fleeing the war
   will be provided with a secure status and access to schools, medical care and
   work. At the same time, we are wor …

 * UK – Randstad-run National Tutoring Programme removes target of reaching
   two-thirds of poorer pupils (Schools Week)
   
   Tutoring providers in the UK will no longer have to ensure their programme
   reaches at least two-thirds of poorer pupils after the target was ditched,
   reports Schools Week. Last year, the National Tutoring Programme was awarded
   to Randstad for 2021/2022. The staffing firm reportedly put in a cheaper
   bid than its only rival in the tendering process, raising concerns that the
   government has prioritised cost over quality and that the firm had little
   experience in tutoring. Randstad said ditching the target would “remove
   complexities”. Randstad has now told the NTP’s 56 tutor organisations they
   are “no longer required to ensure that 65% of their tuition support is
   provided” to children receiving the pupil premium.This followed feedback from
   school leaders and tutor organisations on ho …

 * UK – Nearly half of temporary workers work for at least three employers in a
   month (Business News Wales)
   
   Nearly half, or 40%, of temporary staff in the UK are working for at least
   three employers in a standard month, reports Business News Wales citing
   research from Indeed Flex. Indeed Flex’s survey of nearly 4,000 temporary
   workers found that having the flexibility to schedule work around their
   personal commitments was a critical factor that temps take into account when
   choosing where to work, alongside both the pay rate and job’s location. The
   number of temporary workers using the Flex platform has risen by 104%
   compared with this time last year, in part due to the re-opening of the
   economy. Many have also been drawn by the freedom to choose both their
   working hours and the days they work, that temping offers. Indeed also found
   that 34% of temporary workers work for two employers in a standa …

More News | Subscribe

 * APAC

   
 * Singapore – Advancer Global makes offer to acquire industrial real estate
   firm G3 Limited
   
   Advancer Global (43Q:SES), a workforce solutions and services provider in
   Singapore, announced that its subsidiary, Advancer Global Facility Pte. Ltd,
   together with an independent third party financial investor made an
   indicative offer to Tee Infrastructure Private Limited proposing the
   acquisition of Tee Infrastructure's entire equity interest in G3
   Environmental Private Limited.The offer was made for an aggregate
   consideration of SGD 5.5 million (USD 4.0 million).Advancer Global Facility
   (AGF) and the independent investor are already shareholders of G3.G3 is a
   joint venture company between Tee Infrastructure (50.1% shareholding), AGF
   (20.1%) and the independent investor (29.8%). It was incorporated in the
   Republic of Singapore on the 27th of November 2017.The principal activity of
   G …

 * Asia Pacific – Most employees are actively looking for new jobs or open to
   new opportunities in 2022: Hays
   
   Employees across Asia Pacific reported lower satisfaction with their jobs in
   2022, according to a report from Hays. The data from the report showed 81% of
   employees are either actively looking for a new job or indicated being open
   to opportunities.Hays’ research surveyed 9,598 skilled professionals across
   China, Hong Kong, Japan, Malaysia, and Singapore to understand their salary
   expectations and career plans.The biggest reasons why people are thinking of
   leaving their jobs are due to compensation and career development.Hays noted
   that these were also among the top reasons cited for those who have no plans
   to leave their current job. Other factors that correlated highly with
   intention to remain with their current employers included satisfaction with
   work-life balance, availability of flexi …

 * Malaysia – Parliament to debate landmark bill that could make gig workers
   employees (Malay Mail)
   
   Malaysia’s federal government is set to table a landmark amendment bill at
   the lower house of Parliament, that could permanently compel gig-based tech
   companies to provide their workers the rights and privileges enjoyed by
   formal employees, reports Malay Mail. The amendment bill, among others,
   proposes six standards that would help define an employee and their relation
   to the employer under the ‘Employment Act 1955’, a key provision that may
   force many of today’s online-based companies to compensate workers with
   benefits that come with formal employment, like health insurance and pension
   contributions. Under Section 101C, the bill proposes that a worker will be
   deemed an “employee” if the manner and hours of work is subject to the
   control or direction of another person.Any worker will also …

 * Japan – Government to accept Ukrainian refugees as retail chain promises jobs
   for 100 refugee families (Asia Financial)
   
   Japan will accept Ukrainian refugees fleeing Russia’s invasion, Prime
   Minister Fumio Kishida said, in a break with the country’s usual reticence to
   accept humanitarian arrivals, reports Asia Financial. The private sector
   weighed in on the issue, with discount store chain Pan Pacific International
   offering to provide financial support and job opportunities for 100 refugee
   families from the war-torn European nation. Pan Pacific, formerly known as
   Don Quijote Holdings, said it is still working out details such as where the
   families would be housed and would consider cooperating with other companies
   in supporting refugees. There were no immediate details on how long refugees
   might be able to stay.

 * China – 51job enters revised merger agreement with Garnet Faith
   
   China-based job board and HR resource services provider 51job Inc. announced
   that it has entered into an amendment to its previously announced agreement
   and Plan of Merger on 21 June 2021 with Garnet Faith Limited.Pursuant to the
   amended merger agreement, and subject to the terms and conditions thereof,
   Garnet Faith will merge with and into 51job with 51job being the surviving
   company, in a transaction implying an equity value of 51job of approximately
   USD 4.3 billion in which the company will be acquired by a consortium of
   investors.Earlier this year, the group announced that it received a proposal
   to amend its going-private transaction. In that proposal letter, published on
   January 2022, Garnet Faith proposed to reduce the merger consideration from
   USD 79.05 in cash per common share to U …

More News | Subscribe


LATEST RESEARCH




 * AMERICAS

 * EMEA

 * APAC

 * AMERICAS

   
 * North America Internal Staff Survey 2022: COVID-19: Internal staff attitudes,
   concerns about mandatory vaccination, and lessons learned from the pandemic
   
   Key Findings: Internal staff were asked how their experience during the
   COVID-19 pandemic affected feelings about their staffing employer and
   staffing as a career, about concerns regarding mandatory vaccination, and
   what lessons should be learned from the pandemic. The following conclusions
   are based on an analysis of their responses. Staff experience during the
   pandemic strengthened loyalty to the industry. A majority of staff would be
   fine with mandatory vaccination; but about one in five would be “very unhappy
   about it.” Staff give management high marks on dealing with COVID-19. Lessons
   learned. In response to the question — “What lessons should be learned from
   the COVID-19 situation and what else should management do in the interest of
   the business and staff?” — eight lessons we …

 * SIA | Bullhorn Staffing Indicator – February 25, 2022
   
   Commercial staffing continues to ramp in the third week of February Week
   ending Feb 19, 2022 Indexed Value Y/Y W/W US Staffing 112 17% 0.6% Commercial
   Staffing 97 12% 0.9% Professional Staffing 145 24% -0.3% IntroductionReleased
   weekly, the SIA | Bullhorn Staffing Indicator comprises two sets of analyses;
   a Year-over-Year comparison showing how the most recent week compares to the
   same week 12 months previously and an indexed value that has been benchmarked
   against data from the week ending January 19th, 2019.Year-over-year changes
   for the week ending February 19thTemporary staffing hours worked last week
   (the week ending February 19th) were up 17% compared to the corresponding
   week a year ago, according to the Indicator.Temporary staffing hours worked
   in professional occupations (IT, heal …

 * International Talent Mobility
   
   Key Findings Disruptions caused by the pandemic may have reduced the number
   of international migrants by around 2 million globally Advanced economies are
   facing large-scale labour shortages and a significant mismatch between
   jobseekers and the skills needed for a digital future The rapid progress in
   workplace and public sector digitalisation is driving the major economies to
   prioritise attracting highly skilled migrants with such skills in their
   immigration policies In the short term, many companies may need to turn to
   international candidates to fill roles in the new and emerging technologies
   Legal Disclaimer: This update is provided solely for the purposes of
   information and should not be considered legal advice. It is always
   recommended to seek the advice of qualified legal co …

 * 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 1,500
   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 Recruitment Marketplaces Sourcing Automation Staffing
   Platform-as-a-Service (SPaaS), full list of categories can be found on the
   directory tab.   If you believe …

 * Internal Compensation Estimator
   
   About: The US Internal Compensation Estimator is an interactive tool which
   allows staffing firms to benchmark the pay of their internal workers based on
   different employee criteria, such as job title, years of experience and
   staffing segment focus. In addition, all compensation figures presented can
   be adjusted for differences in geographic location. Below is a short overview
   of all the features in this tool followed by a link to the tool
   itself.Overview: The tool consists of three main tabs: Most of the tool’s
   functionality resides here. This tab allows users to select among
   four comparison views along with the option to further drill down by specific
   employee criteria. For benchmarking purposes, this tool displays the median,
   25th percentile, …

More Research | Become a Member

 * EMEA

   
 * UK Internal Staff Survey 2022: COVID-19: Effect on internal staff attitudes,
   and concerns about mandatory vaccination
   
   Key Findings: Internal staff were asked how their experience during the
   COVID-19 pandemic affected feelings about their staffing employer and
   staffing as a career, and about concerns regarding mandatory vaccination. The
   following conclusions are based on an analysis of their responses. Staff
   experience during the pandemic strengthened loyalty to the industry. A
   majority of staff would be fine with mandatory vaccination; but about one in
   five would be “very unhappy about it.” To access the complete report, please
   select the link below: UK Internal Staff Survey 2022 COVID-19 Effect on
   internal staff attitudes 20220301 – You do not have permission to view this
   object.

 * International Talent Mobility
   
   Key Findings Disruptions caused by the pandemic may have reduced the number
   of international migrants by around 2 million globally Advanced economies are
   facing large-scale labour shortages and a significant mismatch between
   jobseekers and the skills needed for a digital future The rapid progress in
   workplace and public sector digitalisation is driving the major economies to
   prioritise attracting highly skilled migrants with such skills in their
   immigration policies In the short term, many companies may need to turn to
   international candidates to fill roles in the new and emerging technologies
   Legal Disclaimer: This update is provided solely for the purposes of
   information and should not be considered legal advice. It is always
   recommended to seek the advice of qualified legal co …

 * UK Internal Staff Survey 2022: Initial Findings
   
   Key Findings: This report contains the initial findings of the UK Internal
   Staff Survey 2022, implemented in conjunction with the 2021-2022 Staffing
   Industry Analysts “Best Staffing Companies to Work For” competition. It
   includes the complete survey questions and summary statistics. The survey was
   conducted in late 2021 and reflects the opinions of 612 internal staff
   respondents from 10 UK staffing firms; no single firm accounted for more than
   19% of respondents. Note: respondents are the internal staff of staffing
   firms (e.g., recruiters, salespeople, etc.), not including placed temporary
   workers. Data includes: respondent demographics (age, gender, etc.),
   compensation, years of experience, satisfaction measures, remote work
   preferences, and more. To access the complete report, please sel …

 * Gross Margins, Overhead and Profit Trends Update
   
   Key findings: In 2021, there has been a substantial rise in both turnover and
   profits for UK staffing agencies.  Since 2019, there have also been increases
   in both the gross and net margins, which can be partially accredited to
   agencies reducing their expenses to cope with the changing landscape.
   Increasing net profit margins can be attributed to firms reducing their
   overhead costs. This analysis finds that agencies have significantly cutback
   on facilities expenditure since 2019, partially due to pandemic driven
   lockdowns. Day sales outstanding figures, which measure how long it takes for
   an agency to be paid, have increased by an average of 13 days by sector since
   2019.  This report displays the changes in profits and expenses for 62
   different UK staffing agencies in 12 differen …

 * 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 1,500
   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 Recruitment Marketplaces Sourcing Automation Staffing
   Platform-as-a-Service (SPaaS), full list of categories can be found on the
   directory tab.   If you believe …

More Research | Become a Member

 * APAC

   
 * International Talent Mobility
   
   Key Findings Disruptions caused by the pandemic may have reduced the number
   of international migrants by around 2 million globally Advanced economies are
   facing large-scale labour shortages and a significant mismatch between
   jobseekers and the skills needed for a digital future The rapid progress in
   workplace and public sector digitalisation is driving the major economies to
   prioritise attracting highly skilled migrants with such skills in their
   immigration policies In the short term, many companies may need to turn to
   international candidates to fill roles in the new and emerging technologies
   Legal Disclaimer: This update is provided solely for the purposes of
   information and should not be considered legal advice. It is always
   recommended to seek the advice of qualified legal co …

 * 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 1,500
   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 Recruitment Marketplaces Sourcing Automation Staffing
   Platform-as-a-Service (SPaaS), full list of categories can be found on the
   directory tab.   If you believe …

 * Staffing Trends 2022
   
   There are seven trends we are highlighting in 2022: COVID-19 Mk III The Great
   Resignation Rate Rises Mediterranean Renaissance M&A Pick-up Increase in
   Cyber-Attacks Artificial Intelligence Controversy Sadly the dominant market
   trend of 2020 and 2021, COVID-19 is, likely to continue to be the dominant
   trend of 2022 albeit in a rather less aggressive and damaging form and,
   hopefully, fading as we enter Q2 2022. This report also includes a SWOT
   analysis highlighting the strengths, weaknesses, opportunities and threats
   that the staffing industry currently faces. You can download the entire
   report here  Staffing Trends 2022 – You do not have permission to view this
   object.

 * The Listed Staffing Market
   
   There are 219 staffing companies using the broadest definition of staffing
   that are listed on stock exchanges around the world. Of these, 72% we
   categorise as providing either Other Employment Services (92) or Outsourcing
   & Staffing Services (65). The remaining 28% of companies are classified as
   Online Job Portals (22), Human Resources Consulting Services (11), Executive
   Search Services (8), Other Business Support Services (8) And Other Services
   (13). Staffing is just one part of some companies’ business; we have
   therefore drawn our definition to include companies which also offer services
   beyond staffing.A third of the total 219 are in Japan (73), 43 are in the
   United States, 20 in the United Kingdom, 12 in Australia and 10 in Sweden. 
   The remaining 61 are spread between 24 other …

 * Coronavirus (COVID-19) Resource Center
   
   Curated by SIA, the resources below represent a collection of articles, data
   tools, and websites that offer actionable insights related to the coronavirus
   and COVID-19 outbreak. The section at the bottom lists SIA research reports
   that may be particularly relevant to our Corporate Members and CWS Council
   Members during this time of strategic and tactical adjustment. We will be
   continuously updating the resources on this page as events unfold.Vaccine
   information: Factbox: Countries making COVID-19 vaccines mandatory (Global)
   Global vaccine tracker (NY Times) Global vaccine tracker and statistics
   (Bloomberg) Live statistics and general information:         GLOBAL Global
   COVID-19 cases live tracker World Economic Outlook Update, October 2021 (IMF)
   IMF: Policy tracker …

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Founded in 1989, Staffing Industry Analysts 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.... More





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