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GLOBAL DAILY NEWS



 * AMERICAS

 * EMEA

 * APAC

 * AMERICAS

   
 * Adecco revenue rises 5% in Q1
   
   First-quarter revenue at the Adecco Group rose 5% year-over-year on an
   organic basis when adjusted for trading days. Growth was led by Modis, LHH
   recruitment solutions and Adecco Asia Pacific.The company also announced a
   new CEO, Denis Machuel, who will take over from current CEO Alain Dehaze on
   July 1. The company also expects full ownership of Akka effective May 12 and
   will integrate that business with the company’s Modis division to operate as
   Akkodis. (€millions) Q1 2022 Q1 2021 % change % organic change, business days
   adjusted Q1 2022 (US$millions) Revenue                        5,446
                   …

 * New CEO to take over at Adecco effective July 1
   
   The Adecco Group today announced a new CEO in Denis Machuel, who will take
   over the top job from current CEO Alain Dehaze on July 1. The announcement
   came as the company also reported first-quarter earnings.“After a robust
   search and a thorough selection process, the Board is convinced that Denis is
   the right CEO for the Group’s next chapter,” said Jean-Christophe Deslarzes,
   chair of The Adecco Group. “Denis is both a values-oriented and highly
   execution-driven leader.”Machuel most recently served as group CEO of Sodexo,
   a company with more than 400,000 employees in 56 countries, including its
   largest market, the US.Prior to Sodexo, Machuel spent 16 years with Altran
   Group, including serving as CEO of Altran Technologies.Machuel also served on
   the board of Kyndryl.“It is a privilege to bec …

 * Cross Country Healthcare revenue up 139.6% in Q1, anticipates professionals
   on assignment to rise
   
   Cross Country Healthcare Inc. (NASDAQ: CCRN) reported revenue reached its
   highest level in company history in the first quarter with growth of 139.6%
   year over year. Nurse and allied staffing revenue was up 144.6% at the Boca
   Raton, Florida-based healthcare staffing firm. Net income also jumped. (US$
   thousands) Q1 2022 Q1 2021 % change Revenue from services $788,732 $329,241
   139.6% Gross margin 22.2% 21.7% – Net income $61,983 $19,448 218.7% “As we
   transition into a post-Covid world, we anticipate ongoing increases in the
   number of professionals on assignment by continuing to partner with our
   clients and clinicians to address short- and long-term talent management
   needs,” said John Martins, president and CEO.Cross Country noted that its
   “nurse and allied staffing” segment had an average of …

 * Barrett Business Services reports Q1 revenue up 12.8%, momentum carries over
   from end of 2021
   
   Barrett Business Services Inc. (NASDAQ: BBSI) revenue rose 12.8% year over
   year in the first quarter.“The momentum experienced at the end of 2021
   accelerated in the first quarter of 2022 with strong results in all areas of
   the business,” President and CEO Gary Kramer said. (US$ thousands) Q1 2022 Q1
   2021 % change PEO service fee revenue $217,433 $193,819 12.2% Staffing
   services revenue $28,942 $24,626 17.5% Total revenue $246,375 $218,445 12.8%
   Gross margin $40,353 $30,865 30.7% Gross margin percentage 16.4% 14.1% – Net
   income/loss $288 ($4,554) NM Gross billings at the Vancouver,
   Washington-based PEO and staffing provider were up 16.0% to $1.71 billion.
   Gross billings are a non-GAAP measure that includes total billings to PEO
   clients; the company otherwise reports PEO revenue net of direc …

 * Cognizant Q1 revenue grows 10.9% in constant currency, net income up 11.5%
   
   IT services firm Cognizant Technology Solutions Corp. (NASDAQ: CTSH) reported
   first-quarter revenue rose 10.9% in constant currency.“Our first-quarter
   performance reflects strong revenue growth in our digital portfolio and a
   healthy demand environment,” CFO Jan Siegmund said. “We remain focused on
   investing to support growth opportunities while also executing on pricing to
   offset the impact of compensation pressure driven by the continued labor
   supply-demand imbalance.” (US$ millions) Q1 2022 Q1 2021 % change % constant
   currency Revenue $4,826 $4,401 9.7% 10.9% Net income $563 $505 11.5%   The
   fastest growth took place in Cognizant’s “communications, media and
   technology” sector, which grew by 19.9% year over year in constant currency,
   reflecting strong demand for data services among …

More News | Subscribe

 * EMEA

   
 * Spain – Jobandtalent raises USD 250 million to enable flexible payments for
   workers
   
   Jobandtalent, a Spain-based digital temporary staffing platform, announced
   that it has secured USD 250 million debt financing from US investment banks
   Citi, Goldman Sachs and European investor AnaCap Financial Partners.According
   to Jobandtalent, the debt financing will allow the platform to facilitate
   tangible benefits and ‘enhance its foundation for innovative financial
   products’ offered to workers. For example, it will be used to enable daily
   payments and free early access to wages (applicable to most jurisdictions) in
   the coming months.Jobandtalent added that it expects the financing to assist
   the company in its mission of reshaping temporary work and providing the
   conditions for people to truly thrive.The announcement follows a record
   quarter for growth financing, with Jobandtalent clo …

 * Italy – Temporary agency workers on the rise in February as hours worked and
   total salary show growth
   
   The average number of temporary agency workers in Italy in February 2022
   increased by 21.6% on an annual basis, according to figures from Ebitemp, the
   bilateral organisation for temporary employment representing employers’
   associations and unions.February’s 21.6% year-on-year growth was a slight
   comedown from the 21.9% increase recorded in January 2022.Ebitemp’s figures
   also showed that the number of hours worked in February 2022 increased by
   20.2% on an annual basis (26% for temporary contracts and 6.7% for permanent
   contracts). Hours worked per worker showed a decrease of 1.1% compared to
   February 2021.Meanwhile, the total salary of temporary workers increased by
   23.2% compared to the same month of 2021.

 * UK – GLAA arrests suspects as part of investigation into care recruitment
   firm
   
   The UK’s Gangmasters and Labour Abuse Authority arrested two suspects as part
   of investigations into a recruitment firm accused of supplying vulnerable
   students to care homes in North Wales.The recruitment firm was not named.The
   suspects, two Indian men aged 24 and 46, were taken into custody after early
   morning raids conducted by the GLAA and North Wales Police in Pwllheli,
   Gwynedd yesterday.Both individuals were questioned by the GLAA on suspicion
   of forced labour and human trafficking offences under the Modern Slavery Act
   2015. They have since been released under investigation.It followed the
   arrest of a husband and wife, both registered nurses who run the recruitment
   firm. They were arrested in Abergele on suspicion of modern slavery
   offences.They are currently released under inve …

 * Netherlands – Wages for temporary workers in hospitality sector are rising by
   up to 20% (Dutchnews.nl)
   
   Hourly wages payable via Dutch staffing platforms such as Temper and Youbahn
   are rising, particularly in the hospitality sector, reports Dutchnews.nl and
   newspaper Financieele Dagblad. Youbahn, for example, which has approximately
   40,000 temporary employees on its books, is now offering wages of €14.50 per
   hour for bar staff, up 20% on the beginning of the year. Pay rates offered
   for cleaning and care jobs have also gone up by between 4% and 8%. Temper,
   with approximately 20,000 temps, has also reported a rise in wages, with
   serving staff now earning 16% more than they did in January. The hourly rate
   for bar work has also risen 9%. The hospitality sector in particular is
   suffering from a shortage of staff and the wage increase is making it more
   likely vacancies will be filled, Youbahn dire …

 * World – The Adecco Group first quarter revenue up 5% with growth led by
   Akkodis, appoints new CEO
   
   The Adecco Group (ADEN:VTX), reported revenue today of €5.44 billion during
   the first quarter ended 31 March 2022, an increase of 5% organically and
   trading days adjusted.Revenue growth was an increase from the previous
   quarter’s revenue growth of 1% organically and trading days adjusted. The
   quarterly revenue of €5.45 billion was ahead of Reuters analysts’ forecasts
   of €5.38 billion. However, it was well below the 15% organic increase
   achieved by peer Randstad announced on 26 April.On 28 July 2021, the Adecco
   Group announced it had acquired 59.91% of the shares issued by AKKA
   Technologies. Modis, the group’s high-tech services business combined with
   AKKA to become Akkodis.Annual revenue growth on an organic and trading days
   adjusted basis in the first quarter was led by Akkodis (+14%), LH …

More News | Subscribe

 * APAC

   
 * India – Hiring activity up 38% in April with growth led by Travel and
   Hospitality sector
   
   Hiring activity in India increased by 38% in April 2022 when compared to
   April 2021, according to the latest Naukri JobSpeak Index.The JobSpeak Index
   calculates and records hiring activity based on job listings on the
   Naukri.com website month-on-month and year-on-year.The index stood at 2,863
   in April 2022. According to the report, hiring intent across various sectors
   witnessed triple-digit growth year-on-year in April 2022 with Travel &
   Hospitality leading with 169% annual growth followed by Retail at
   112%.“Various sectors in India showed a robust recovery curve with respect to
   recruitment activities, owing to renewed optimism in the business
   environment,” Naukri stated.The education sector (+108%) also grew at a
   significant rate indicating strong demand for talent. Other sectors such …

 * Philippines – Online hiring up 6% in March with boost from IT and Banking
   
   Online hiring in the Philippines saw an increase of 6% in March 2022 when
   compared to March 2021, according to data from the Monster Employment Index
   (MEI).The Monster Employment Index (MEI) saw an increase in e-recruitment
   activity as index rise to 133 in March 2022 from 125 in March
   2021.Month-on-month, the job demand noticed a decline of 1%, as February’22
   saw an index of 134.Online recruitment activity has seen 5% growth in last
   six months.Online hiring demand in March 2022 exceeded March 2021 level in 9
   of the 12 industries monitored by the Index.The following industries reported
   the highest annual growth in March 2022: IT, Telecom/ISP (Internet Service
   Provider) (+55%), BFSI (Banking, Financial Services and Insurance) (+21%),
   and Retail (+17%).The Education industry (-22%) and Logist …

 * Philippines – Employment rate improves to highest rate since April 2020
   
   The employment rate in the Philippines stood at 94.2% in March 2022. This was
   the highest rate since April 2020 but lower than the registered employment
   rate in January 2020 (pre-pandemic) at 94.7%. In March 2021, the employment
   rate was reported at 92.9%, according to research from the Philippine
   Statistics Authority.The research showed an increase of 1.50 million employed
   persons from February 2022 (45.48 million) to March 2022 (46.98 million).
   Likewise, a total 1.64 million employed individuals were added to the
   employed population of 45.33 million in March 2021.At the same time, the
   unemployment rate in the country improved in March 2022 (posted at 5.8%)
   compared to 6.4% last month and 7.1% in March 2021. Approximately 2.87
   million were unemployed in March 2022, down from the …

 * People – Randstad RiseSmart, Kanzhun, AMS, Dip Corp
   
   Randstad RiseSmart announced the appointment of Joel Paul as managing
   director, Randstad Risesmart for Asia-Pacific and IMEA (India, Middle East
   and Africa). Having joined the firm as a regional operations manager in 2008,
   Paul currently leads the business operations in India and the Middle East. He
   will use his experience to empower more customers and partners to embrace
   RiseSmart’s worklife coaching and outplacement solutions across the APAC
   region, specifically across core markets like China, Singapore, Malaysia,
   Australia, New Zealand, Hong Kong, and Japan.Chinese recruitment platform
   Kanzhun Limited, whose core product is job board Boss Zhipin, announced that
   the company has appointed Xiehua Wang to the company's board of directors.
   Wang is currently the Vice President of Product …

 * Australia – Seek job ads up 22.5% in April
   
   Job ads on job board Seek Australia were up by 22.5% in April 2022 when
   compared to April 2021 and up 59.7% when compared to April 2019.When compared
   to the previous month, job ads were up 2.9%.At the same time, applications
   per job ad fell 7.6% over the previous month. When comparing March 2019
   figures to March 2022 figures applications per job ad fell by 47.0%.By state,
   Queensland reported year-on-year growth of 30.7% while the Northern Territory
   saw an increase of 25.6%. When compared to 2019, Tasmania reported growth of
   109.5% with the Northern Territory reporting an increase of 91.2%.By job ad
   volume, Hospitality and Tourism reported an increase of 171.1% while
   Community Services and Development saw growth of 121.6% over the year.

More News | Subscribe


LATEST RESEARCH




 * AMERICAS

 * EMEA

 * APAC

 * AMERICAS

   
 * US Staffing Industry Forecast: May 2022 Update
   
   Key Findings We project the US staffing industry will reach a record $185.5
   billion this year, far surpassing the pre-pandemic market size of $152.8
   billion in 2019. This year’s market size is the result of 28% growth in 2021
   and 5% projected growth for this year. If we exclude the healthcare segment,
   which we expect to decline from record levels in 2021, our forecast calls for
   10% growth this year. We forecast IT staffing to grow 12% and industrial to
   expand 10%. Growth in the US staffing industry is currently being driven by a
   strong US economy, strong consumer and corporate balance sheets, a record
   number of job openings, improving supply of candidates as the pandemic wanes,
   and a high pace of wage inflation. We also believe technology advancements at
   staffing firms are leading to great …

 * SIA | Bullhorn Staffing Indicator – April 29, 2022
   
   Staffing hours see muted growth in the third week of April Week ending Apr
   23, 2022 Indexed Value Y/Y W/W US Staffing 107 7% -1.7% Commercial Staffing
   92 4% -1.3% Professional Staffing 139 15% -2.5% 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 April 23thTemporary staffing hours worked last week (the
   week ending April 23rd) were up 7% compared to the corresponding week a year
   ago, according to the Indicator.Temporary staffing hours worked in
   professional occupations (IT, healthcare, finance, …

 * North America Internal Staff Survey 2022: Full Report
   
   Key Findings:The 2022 Internal Staff Survey represents Staffing Industry
   Analysts’ eighth survey of the staffing industry’s internal employee
   population. The following reports are contained herein: Recruiting internal
   staff: most effective methods, where to target, what to say to candidates
   Retaining internal staff: what drives staff satisfaction, why they leave
   jobs, how to keep them happy Remote work prevalence, preferences, and how to
   support it Use of technology by staff: training needed and types of
   automation that would help staff the most COVID-19: Internal staff attitudes,
   concerns about mandatory vaccination, and lessons learned Internal staff
   perception of diversity and inclusion at staffing firms By what metrics
   should staff be measured? Advice to new employees, mistakes to avoi …

 * Staffing and Workforce Solutions Mergers and Acquisitions Database
   
   AboutThis tool contains a database of mergers and acquisitions related to
   companies in the staffing and workforce solutions industry. Flexible search
   and filtering were top of mind when designing this tool.In addition to the
   database, this tool also provides interactive visualizations regarding the
   underlying data.For each transaction, the database provides a row of
   information that includes the date of the acquisition announcement, the names
   and locations of both the acquirer and target company, notes on the
   acquisition price, if any, and a link to the corresponding news item
   in Staffing Industry Analysts’ Daily News, or another source if the
   transaction was not covered in the Daily News.The tool can be accessed using
   the link below:Staffing and Workforce Solutions Mergers & Acqu …

 * Use Of Technology By Internal Staff
   
   Key Findings: Who may need more technology training. Internal staff
   overwhelmingly believe that the use of technology is key to their job.
   Eighty-six percent of respondents answered a “6” on a 1-6 scale, indicating
   that technology “is absolutely key to what I am doing.” However, only 62%
   reported the same level of confidence that they had been “full trained.” The
   five internal staff groupings who believe they are most in need of additional
   technology training are: on-site managers based at a client worksite, those
   66 and over, those covering the industrial segment and/or education segment,
   and branch managers. What should temporary workers and buyers be able to do
   without the aid of a human? Internal staff ranked 26 operational functions
   serving temps and buyers in terms of which they thou …

More Research | Become a Member

 * EMEA

   
 * Workforce Solutions Buyer Survey 2022: Initial Findings
   
   This report contains initial findings of the 2022 Workforce Solutions Buyer
   Survey, including survey questions and summary statistics. The survey was
   conducted in early 2022 and reflects the opinions of respondents from 72
   companies with contingent workforce and/or workforce solutions programs in
   the Europe region. To qualify for the survey, a company must have 1,000 or
   more employees (not including contingent workers). Only one respondent per
   company was used. More detailed analyses of survey responses will be released
   in a separate report. To access the complete report, please select the link
   below: Workforce Solutions Buyer Survey 2022 Initial Findings Europe – You do
   not have permission to view this object.

 * Use Of Technology By UK Internal Staff
   
   Key Findings: Staff may need more technology training. Internal staff
   overwhelmingly believe that the use of technology is key to their job.
   Eighty-three percent of respondents answered a “6” on a 1-6 scale, indicating
   that technology “is absolutely key to what I am doing.” However, only 52%
   reported the same level of confidence that they had been “full trained” in
   the use of that technology. Internal staff listed a variety of tasks that
   should be automated/outsourced to liberate staff time for more productive
   purposes. Results from a randomized subset of 600 UK staffing firm internal
   staff suggestions were analyzed to identify patterns, revealing nine
   recommended areas for automation and/or outsourcing. To access the complete
   report, please select the link below: UK Internal Staff Survey …

 * European Employment Barometer Q4 2021
   
   SIA is delighted to provide this interactive research tool in collaboration
   with the World Employment Confederation. Our European Employment Barometer
   provides users with the capability to interactively drill through various
   levels of data – filter, sort, and download.This tool provides an overview of
   key labour market indicators relevant to the staffing, recruitment and
   workforce solutions industry in Europe. The dashboard shows quarterly
   labour market trends in 33 different countries, from Q2 2016 until the latest
   data release. Data Sources and AnalysesData collated from Eurostat’s most
   recent labour market survey findings on Total Employment provide us with
   insights into various areas such as: Y/Y change in total employment Part-time
   workers as a percentage of total employment Empl …

 * How To Retain Internal Staff
   
   Key Findings: 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 three factors. In multiple survey questions
   respondents indicate that quality of senior leadership, work
   environment/culture, and future opportunities are the top drivers of job
   satisfaction. Staff also offered advice on how management can perform well
   with regard to each. What else matters? Allowing at least some remote work
   time is important to staff satisfaction, and with …

 * Coronavirus (COVID-19) Resource Center
   
   Curated and updated monthly by SIA, the resources below represent a
   collection of articles, data tools, and websites that offer actionable
   insights related to the COVID-19 pandemic. 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.Vaccines/health: UK vaccine info (UK government) Factbox:
   Countries making COVID-19 vaccines mandatory (Global) Global vaccine tracker
   (NY Times) Global vaccine tracker and statistics (Bloomberg) QCovid risk
   calculator (Oxford) Live statistics and general information:         GLOBAL
   Global COVID-19 cases live tracker World Economic Outlook Update, October
   2021 (IMF) IMF: Policy tracker by country OEC …

More Research | Become a Member

 * APAC

   
 * Coronavirus (COVID-19) Resource Center
   
   Curated and updated monthly by SIA, the resources below represent a
   collection of articles, data tools, and websites that offer actionable
   insights related to the COVID-19 pandemic. 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.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 by country OECD: Key country policy
   responses COVID-19 government response …

 * Most Complex Contingent Markets Globally 2022
   
   This report comprehensively compares 75 contingent markets across 12
   different criteria. These criteria assess the merits and characteristics of
   each market to determine the complexity of establishing a contingent
   workforce. The factors measured cover aspects such as market maturity,
   regulations, pricing environment, political landscape, and recovery from the
   pandemic. This report’s adjoining, interactive, web-based assessment tool
   allows for analysis specific to your organisational needs and business plans.
   Egypt ranked as the most complex market, with Algeria and North Macedonia in
   joint second. Generally, this report finds the highest complexity scores in
   Africa, Eastern Europe, and the Middle East. Australia and the Netherlands
   were the joint least complex markets, with the United King …

 * Deal flow forecasts for 2022
   
   As part of the process of gathering the data for our M&A Funders and Advisor
   Directory, we asked contributors for their prognosis for 2022. Please note
   some of these remarks have been edited for clarity, brevity, or to avoid
   duplication. Any errors in doing this are mine.After deal flow in 2020 was
   affected by covid-19, There was a strong recovery during 2021. Firms describe
   it variously as a manic year, a banner year, record-breaking, incredibly
   robust or exceeding all expectations. Only one company was less sanguine,
   describing 2021 as a stop-start year that saw some activity but flattened in
   transaction numbers.Our contributors then went on to make the following
   comments about deal flow in 2022:We expect 2022 to be another strong year in
   the M&A marketplace, particularly in the …

 * MA Funders and Advisors Directory 2022
   
   This directory provides full records for over 50 companies operating in the
   M&A space around the world. Some firms provide services in just one market
   while others provide international and cross-border M&A advice and services
   in up to 40+ countries.An additional 100+ firms who have been identified as
   providing M&A services to the staffing industry are also shown. We have tried
   to make this report as exhaustive as possible, but if there are additional
   companies you believe should be listed, or if you would like to contribute a
   “full” entry within this directory, please contact the author, shown
   below.Please note that the information included herein is self-reported and
   then edited for consistency sake by SIA. We cannot vouch for the accuracy of
   each record, nor should inclusion …

 * Temporary Staffing Platform Update
   
   The worldwide market for temporary staffing platforms reached a scale of
   $11.9 billion in 2021, up a staggering 190% y/y. In 2021 temporary staffing
   platforms represented nearly 3% of the $465 billion global temporary staffing
   industry, an increase of two percentage points over a 1% share in 2020. Such
   a gain is remarkable in an industry that experienced double-digit growth and
   approached nearly half a trillion dollars in scale. More than three-quarters
   (76%) of the global temporary staffing platform market is derived from
   professional staffing segments, with the remaining 24% from commercial
   segments. The commercial staffing platform segment grew an impressive 68% y/y
   in aggregate, based on our estimates, becoming a $2.8 billion market. Growth
   within healthcare temporary staffing platform …

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