Global Daily News
- FTC bans worker noncompete agreements
Noncompete agreements in worker contracts will be banned under a final rule approved April 23 in a 3-to-2 vote by the Federal Trade Commission. Such agreements can restrict employees from working for a company’s competitors for a period of time within a specified geographic area after the worker leaves a company.The FTC first proposed the ban on noncompetes in January 2023. In the final rule, the FTC determined that noncompete agreements represent an unfair method of competition.“Noncompete clauses keep wages low, suppress new ideas and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” FTC Chair Lina Khan said in a press release. “The FTC’s final rule to ban noncompetes will ensure Americans have …
- Biden administration boosts overtime pay salary thresholds
The US Department of Labor on April 23 increased the salary thresholds required to exempt a salaried executive, administrative or professional employee from federal overtime pay requirements. Effective July 1, the Fair Labor Standard Act’s salary threshold will increase to the equivalent of an annual salary of $43,888, or $844 a week, from the present annual salary threshold of $35,568 enacted by the Trump administration in 2019; it will increase again on Jan. 1, 2025, to $58,656 annually, or $1,128 per week.The rule will also adjust the threshold for highly compensated employees from the current $107,432 per year to $132,964 on July 1, and then to $151,164 on Jan. 1, 2025.Salary thresholds will update every three years by applying up-to-date wage data to determine new salary levels s …
- Groupe Crit temp revenue falls 1% amid weak economic growth
Groupe Crit SA, a Paris-based international staffing provider, reported weak global economic growth weighed on temporary work revenue in the first quarter. While French temp staffing revenue held steady, revenue from Groupe Crit’s US temp staffing operations fell.Temp staffing first-quarter revenue fell to €468.3 million (US$505.4 million), a decline of 1.0% on an organic basis when also adjusted for number of trading days.Groupe Crit noted French temp staffing revenue remained stable at €339.5 million (US$366.4 million) on an organic basis with adjustment for number of trading days. The company got a boost from activity in the aeronautics and logistics industries, while the automotive and construction industries remained behind.At its US operations, revenue fell 8.5% to €56.0 million (US$ …
- Premier Healthcare Holdings Inc. names Buffy Stultz White as CEO
Premier Healthcare Holdings Inc. named healthcare industry veteran Buffy Stultz White as CEO, effective Feb. 1.Her initial focus will be to enhance the current service offerings including travel, local, international, allied, rapid response and dialysis staffing as well as managed service provider customizable workforce planning solutions.PHHI is headquartered in Cumming, Georgia, and privately funded by portfolio management company Proeza.White will also drive operational efficiencies and expand the organization’s presence in key markets across its six subsidiaries including staffing firm Premier Healthcare Professionals; Adevia Health USA, an international nurse recruiting firm; Freedom Crisis Staffing; travel nurse staffing provider Freedom Healthcare Staffing; Corratel Healthcare, whic …
- OneDigital acquires Alabama-based PEO and HR management firm
OneDigital, an Atlanta-based HR consulting firm, acquired Lyons HR LLC, a professional employer organization and HR management company headquartered in Florence, Alabama.Founded in 2000, OneDigital provides insurance brokerage, financial and HR consulting services. Through the acquisition, OneDigital aims to expand its Resourcing Edge PEO solution to its Southeast region, enhancing its employee benefits, retirement plan services, wealth management services, and property and casualty insurance offerings.The deal closed in March and terms of the transaction were not disclosed. The Lyon’s brand will remain in place for a period before folding into the OneDigital PEO solution brand.OneDigital extended offers to all management executives from the Lyons HR team; Ginger Bateman will join OneDigit …
- Jobindex full-year revenue tumbles 12% as profits decline
Jobindex reported in its annual accounts turnover of DKK 383 million (€51.3 million) for the full year 2023, down 12.1% compared to the prior year. The company published its annual report on 16 April.The Danish job board was delisted from the Nasdaq exchange First North stock exchange on 30 June 2023. This is the first annual report after the company delisted. (DKK thousands) FY 2023 FY 2022 Change FY 2023 (€ millions) Revenue 382,786 435,466 -12.1% 51,327 Operating profit 106,060 165,723 -36.0% 14,221 Result for the period 82,674 127,793 -35.3% 11,085 CEO and founder Kaare Danielsen said, "We have experienced another year with a job market that is not as 'ambitious and carefree' as before the corona (Covid-19) crisis and subsequent war (invasion of Ukraine) and uncertainty. …
- More UK graduates and apprentices leaving jobs for better pay
Employers across the UK report a surge in graduates and apprentices leaving roles due to dissatisfaction with pay, according to a survey by the Institute of Student Employers (ISE).ISE's annual Student Development survey showed the impact of the cost-of-living crisis, with more entry-level staff favouring pay over progression.This year, more than half of employers (51%) reported graduates and apprentices were leaving for better pay, compared to 40% in 2023 and 2022 and just over a quarter in 2021 and 2020.Dissatisfaction with pay has become the second most common reason for people quitting, behind moving to a similar role in a different company. Before the cost-of-living crisis, graduates were likelier to leave their employer for better progression opportunities than higher salaries. …
- Staffing 100 Europe: Submit your nominations now
Nominations are still being accepted for SIA's 2024 Europe Staffing 100 list of the most influential people in the European staffing industry. The deadline is 24 May 2024.The list comprises 100 executives who have made a difference in the European staffing industry. It is not a ranking but a contemporary look at the most influential people in the European staffing market. The selection committee at Staffing Industry Analysts reviews the nominations and makes the final determination of who makes the list.The Staffing 100 Europe recognizes executives who have significantly impacted their companies or the ecosystem — for example, ideas for new work arrangements, products or leadership efforts that resulted in increased revenue. Perhaps it's someone who developed an innovation t …
- People on the move: Dedicare, OECD, Matrix
Dedicare, the Swedish staffing firm, announced it appointed Anna-Lena Mann as CEO of Dedicare Life Sciences.Mann has experience in the life science industry and, in recent years, has worked with consulting supply for the life science market in her role as business area manager of quality & compliance at Plantvision. Mann takes up her position as CEO of Dedicare Life Science on 12 August.Last year, the company acquired H&P Search & Interim and changed the name to Dedicare Life Science. The group is a supplier to the Nordic market focussed on the recruitment and hiring of consultants in the life science sector.The OECD (Organisation for Economic Co-operation and Development) announced that the appointment of Ulrik Knudsen, a Danish national who took up his duties as Deputy S …
- Randstad Q1 revenue slips 8% amid challenging market conditions
Randstad (RAND: NV), the world’s largest staffing firm, today reported revenue of €5.94 billion with organic revenue per working day down 7.8% for the first quarter ended 31 March 2024.On a reported basis, revenue was down 8.9% over the year. Working days had a positive impact of 1.1% while currency effects had a positive effect of 0.8%. M&A & other negatively contributed 0.8%.Gross profit (on an underlying basis, adjusted for integration costs and one-offs) was down 11% on an organic basis, and 12% on a reported basis. Gross margin stood at 20.2%, down from 21.0% the year prior.Underlying EBITA plummeted by 33% on an organic basis to €177 million. According to Reuters, this was below the €181 million expected by analysts on average in a company-provided poll.CEO Sander v …
- Freelancer Q1 gross marketplace volume and cash receipts down
Freelancer Ltd. (FLN:ASX) today reported Gross Marketplace Volume (GMV) in Q1 2024 of AUD 227.1 million (USD 147.6 million), down 23.8% over the year. GMV represents the underlying transaction value between third parties which is the basis for Freelancer's revenue, i.e. the value of services performed (Freelancer); goods shipped (Loadshift) or goods / services exchanged (Escrow).At the same time, Freelancer group net cash receipts stood at AUD 13.2 million (USD 8.6 million), down 3.6% over the year.The group had positive net operating cash flow of AUD 1.0 million (USD 0.6 million) for Q1 2024 (Q1 2023: AUD (-0.1 million (USD -65,000) and ended with cash & equivalents of AUD 21.7 million (USD 14.1 million), down 4.2% over the prior year period.The Freelancer Group primarily consist …
- New Zealand job ads dive 27% in March
New Zealand job advertisements on the job board Seek plunged by 27% in March 2024 compared to March 2023.The year-on-year fall of 27% was unchanged from the 27% annual fall seen in February 2024.Meanwhile, applications per job ad, which are recorded with a one-month lag, remained steady in February, the first time these levels have not risen in five months.By region and on an annual basis, all regions saw a decline. Wellington recorded the steepest fall at 38%. Taranaki followed this at 30%. Hawkes Bay saw the smallest decrease at 7%.By industry, Professional Services roles recorded some of the largest growth month-on-month, with human resources & recruitment up 15%, consulting & strategy rising 12%, and ads within legal increasing 10% over the month. On the other hand, advertising …
- Work flexibility is a must for job seekers in Singapore
Singapore's workforce has made flexible work a business imperative, as 49% said they would leave jobs that require them to work in the office more often, according to the latest Randstad Workmonitor survey.The survey found that Gen Zers are the most likely to feel this way, with 69% agreeing that they would also leave jobs that require them to work in the office more often. This was followed by 47% for millennials, 45% for baby boomers and 44% for Gen X.At the same time, 42% of Singaporeans would not accept a job that is too inflexible. This is especially prominent amongst Gen Z employees, who would not work for a business that does not provide enough flexibility around their working hours (68%) and location (61%).Randstad's survey also found a growing disconnect between talent e …
- India's IT sector's rising contractual hiring shows demand uptick
The Economic Times reports that staffing and recruitment firms in India are witnessing a pickup in contractual hiring in the sector after almost a year of subdued demand. A pickup in contractual hiring often indicates improvements in the demand environment for IT services providers. According to experts, this is typically followed by hiring for permanent roles.Amid a slowdown in tech spending by clients in markets like the US and Europe, Indian IT companies had cut down on hiring and, in some cases, resorted to layoffs. This has reduced their bench strength, or employees who are not assigned any project. As they win new projects, hiring temporary employees helps companies quickly deploy workers to meet client requirements. "With layoffs reducing this reserve (bench), the current contr …
- Ramssol Group Q1 revenue and profits rise, appoints COO
Ramssol Group, a Malaysia-based HR solutions provider, reported revenue today of MYR 14.4 million (USD 3.0 million) for the first quarter ended 31 March 2024, an increase of 123.4%. (MYR thousands) Q1 2024 Q1 2023 Change Q1 2024 (USD millions) Revenue 14,423 6,454 123.4% 3.0 Profit before tax 4,534 2,010 125.5% 0.9 Profit for the period 4,104 2,005 104.7% 0.8 The Board of Directors of Ramssol also announced that Liew Yu Hoe, the acting chief operating officer has been re-designated to chief operating officer of Ramssol Group Berhad with effect from 23 April 2024.The group’s subsidiaries are principally involved in the provision of business digitalization, automation, human capital management (HCM) solutions, student management solutions, IT staff augmentation services, and r …
Latest Research
- SIA | Bullhorn Staffing Indicator – April 23, 2024
US Staffing Rises Slightly Following Spring Break Week ending Apr 13, 2024 Indexed Value Y/Y W/W US Staffing 82 -12% 1.3% Commercial Staffing 69 -12% 1.4% Professional Staffing 117 -11% 0.8% IntroductionReleased weekly, the SIA | Bullhorn Staffing Indicator comprises two sets of analyses; a Year-over-Year comparison showing how the week that ended ten days ago (“last week measured”) compares to the same week 12 months previously and an indexed value that has been benchmarked against data from the week ending January 13th, 2019.Year-over-year changes for the week ending April 13thTemporary staffing hours worked for the week ending April 13th (“last week measured”) were down -12% compared to the corresponding week a year ago, according to the Indicator.Temporary staffing hours completed in c …
- Workforce Solutions Buyer Survey: 2024 Americas Results
When asked to what extent they agree with the following statement: “Our overall practices for our contingent workforce are leading edge”, 31% of participants agreed (we refer in the report to these as “Leaders”), while another 31% disagreed (“Laggards”). Overall, Leaders are significantly more likely to rate their programs as providing a competitive advantage in talent attraction, retention, and ROI compared to Laggards. Respondents reported a median 20% and average (mean) 22% contingent share of their total workforce. Of the services/technologies listed in our survey, the most commonly used is a VMS, with 81% of respondents noting they have one in place. Having a program for diversity suppliers is the most common workforce strategy, in place at 67% of companies. The three-year rolling ave …
- April 2024 Jobs Report
Event: The March Employment Situation, released today by the US Bureau of Labor Statistics (BLS), indicates that total nonfarm employment rose by +303,000 in March on a seasonally adjusted basis, while temporary help services employment declined by -1,300 jobs. The temporary agency penetration rate was 1.74% in, down from a revised February rate of 1.75%. The national unemployment rate declined to 3.8%, from 3.9%.Employment expanded in most industry groups. The group with the largest gain was again Health and social assistance, which added +81,300 jobs; followed by Government, which added +71,000 jobs; and Leisure and hospitality, which added 49,000 jobs. Employment was unchanged in both the Manufacturing and Information sectors. The only monthly decline was in the Temporary help serv …
- Directory of Suppliers to Staffing Firms (Americas)
This interactive report identifies and categorizes specialist Americas headquartered suppliers to staffing firms. Members can use this report to identify suppliers by both category and by geography. With 25 different categories and over 850 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 believ …
- US Staffing Industry Forecast: March 2024 Update
Key Findings: We forecast the US Staffing Industry will decline 3% in 2024 to reach a size of $184.6 billion, as the industry continues to pull back from prior peak levels. If we exclude the nurse staffing segments (that continue to normalize down steeply from pandemic levels), the remaining staffing industry is expected to be roughly flat this year, in aggregate. We forecast industrial staffing to decrease 5% in 2024 while office/clerical holds stable. We project IT staffing to decline 3% and healthcare staffing to decrease 11%, as both pull back from prior peak levels. As brighter spots in the 2024 outlook, we project mid-single-digit growth this year for engineering, life sciences, marketing/creative, and education staffing, as well as for place & search. Looking ahead to 2025, we f …
- UK Internal Staff Survey 2024: Full Report
This report summarizes SIA’s fifth annual survey of the internal staff of UK firms. This latest survey was conducted in late 2023 and implemented in conjunction with the 2023-2024 Staffing Industry Analysts’ “Best Staffing Companies to Work For” competition. Over 600 internal staffing firm employees from 19 UK staffing firms participated.Contents of the current survey and access to individual survey reports Use of AI and other technology by staff, training needed, desired technology Remote work prevalence, preferences, and how to support it Recruiting internal staff: what candidates want, who to recruit, effective methods How to retain internal staff: what drives staff satisfaction and why it matters Internal staff training: what staff want and importance of explaining resources Survey que …
- How To Retain Internal Staff
Staff satisfaction is the key to retention. Among staff giving their firm a net promoter “likelihood to recommend” satisfaction score of 0-4, the share saying they were open to quitting was 100%; that share declined with subsequent score increments, and above a score of 7 the share open to quitting was less than 10%. What drives staff satisfaction? Staff repeatedly emphasize two factors. In multiple survey questions respondents indicate that quality of senior leadership and work environment/culture are top drivers of job satisfaction. Staff offered advice on how management can perform well with regard to each. What else matters? Future opportunities and fairness also ranked relatively highly. Allowing at least some remote work time is important to staff satisf …
- How to Recruit UK Internal Staff
What to emphasize in recruiting: The top three criteria used by UK internal staff to evaluate potential staffing firm employers are: company culture/work environment, career advancement potential, and financial stability. Who to recruit: What matters most in staff candidates is industry experience, energy, cooperation, and personal connections. How to recruit: While active measures account for about half of new recruits, personal recommendations were also very important. And too, a good website helps. Where to recruit: Two-thirds of internal staff were recruited from just six industries. To access the complete report, please select the link below: UK Internal Staff Survey 2024 Recruiting internal staff 20240409 – You do not have permission to view this object.
- Use Of Technology By UK Internal Staff
About half of UK internal staff said they had used AI in their staffing job over the last year. Of those staff that had used AI in the last year, 33% rated it very helpful; 53% rated it moderately helpful; and 14% rated it not very helpful. Internal staff listed seven tasks for which they were using AI: writing emails and texts; writing job descriptions and job postings; resume writing and editing; research, ideas, and brainstorming; search strings; marketing, market research, and content creation; and sourcing/recruiting. Some staff need more technology training. While the majority of staff are confident that they have been fully trained in use of their assigned technology, a significant minority – 18% – say that while technology is key to doing their job well, they are not confident that …
- Directory of Suppliers to Staffing Firms (EMEA)
This interactive report identifies and categorizes specialist EMEA headquartered suppliers to staffing firms. Members can use this report to identify suppliers by both category and by geography. With 25 different categories and over 800 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 yo …
- Directory of Suppliers to Staffing Firms (APAC)
This interactive report identifies and categorizes specialist APAC headquartered suppliers to staffing firms. Members can use this report to identify suppliers by both category and by geography. With 25 different categories and over 150 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 yo …
- Temporary Staffing Platform Update
Staffing platforms marry technology and processes found in talent platforms (e.g. two-sided digital labor marketplace, ratings systems, algorithmic recruiting, management, and matching) with traditional staffing firm pricing models. The list of major staffing companies with a platform component has rapidly expanded since the pandemic. Today, 12 of the 15 largest staffing firms worldwide have a staffing platform, up from just four in 2019. The worldwide market for temporary staffing platforms reached a scale of $18.0 billion in 2023, a decline of 17% y/y. Despite the decline in 2023, temporary staffing platforms have achieved a 55% CAGR since 2019. Temporary staffing platform segment mix differs considerably from the overall global temporary staffing market. Most notable is the outsized pla …
- Renewable Energy Staffing Global Market Assessment
Globally, employment in the renewable energy industry is estimated to expand 8% in 2024, 9% in 2025, and a further 40% through 2030. We estimate the industry will add close to 10 million new jobs over the next seven years, and many roles will require workers with skillsets that are highly specialized or in high demand, providing great opportunities for companies operating in the workforce solutions ecosystem. Strong demand growth for renewable energy workers stems from ongoing support from both public and private sectors for the transition away from fossil fuels toward electricity with lower carbon footprints. This report analyses the renewable labor market as a whole as well as the markets for specific renewable technologies. Labor markets in the renewable energy sector vary in terms of t …
- Workforce Solutions Buyer Survey 2024: Initial Findings
This report contains initial findings of the 2024 Workforce Solutions Buyer Survey, including survey questions and summary statistics. The survey was conducted in early 2024 and reflects the opinions of respondents from 165 companies with contingent workforce and/or workforce solutions programs globally. A map and table summarizing participant regions appears on page 16. To qualify for the survey, a company must have 1,000 or more full-time equivalent employees (not including contingent workers). Only one respondent per company was used. More detailed analyses of survey responses will be released in separate reports. To access the complete report, please select the link below: Workforce Solutions Buyer Survey 2024 Initial Findings Global 03202024 – You do not have permission to view this o …
- Asia Pacific Legal Update Q1 2024
In this report, we round up the legal developments affecting the workforce solutions ecosystem across the Asia Pacific region in Q1 2024:Australia Changes to classification of employees, casual workers and platform workers in Closing Loopholes No.2 Act Paid parental leave increase from 1 July 2024 Hong Kong Gradual increases to statutory holidays introduced Rule “418” for determining continuous employment set to change Japan Employers’ obligations to notify terms and conditions of employment to change …
