2014 Economic Prospects and Trends for the Staffing Sector

5/21/2018 2014 Economic Prospects and Trends for the Staffing Sector

1/18

Economic prospectsand trends for the

staffing sector in 2014


2/18Take the time out of timesheets

Economicprospects and

trends for thestaffing sector

in 2014A guide for staffing agencies on the factors shaping the

opportunities for growth and business development in 2014



Staffing sector ahead of the recovery curve

2012: IMF

suggests no

recovery to 2007levels of

economic growth

until 2018

Staffing industry

well ahead of

the curve and

an early

beneficiary of

recovery

Future for staffing

looks bright wellbefore 2018; how

bright is 2014 going

to be?



Where are we now?

Slowing growth in the globaleconomy

Growth decelerating inemerging markets

Only moderate recovery in

mature economies



Confidence Seems to be Returning

The Eurozone crisis

has receded along

with fears of an EU

meltdown

The FTSE 100 is flying in the

mid to high 6,000s

Dow Jones at record highs and

204,000 US jobs created inOctober 2013



Geographical Trends


7/18

Take the time out of timesheets

Geographical Trends - UK

Agencyrates are

increasing

There is a risein permanent

hiring

Permanentstaff salariesare inflating

Shortage ofTemporary and

Contract Staff

Faster PrivateSector Growthin Permanent

Sectors

Stronger PublicSector Demand

for Temp/Contract

ContinuingControversyover Zero

HoursContracts


8/18


UK Analysis

UK Confidence Rising Strongly

2.4% GDP Growth Expected

to be 0.9% Above Germany

Optimistic CIPD Labour Market

Increased Prospects for

Private Investment

Question Mark over Zero HoursContract Despite Enabling

Workforce Flexibility


9/18


Geographical Trends EU

Migration: The free movement

of labour will continue

North v South divide in EU

employment rates

Eastern Europe projected to

grow output by 1.2%

Improving confidence and

private investment


10/18


EU Analysis

Reduced anxiety about

disintegration of Eurozone and

social unrest across the EU

Italy and Spain expected to

return to growth

Increase in confidence likely

to attract private investment


11/18


Australiastaffing

demand

driven bymining and

construction

Geographical Trends - Asia Pacific, the Americas & Africa

Africaprojected to

create 54

million jobsin the next

10 yearsLatin

Americagrowing at

a steadyrate

Growthin AsiaPacific

slowing

NorthAmerican

economies

will grow in2014


12/18


Geographical Trends - Asia Pacific, the Americas & Africa

Africa thebiggest

opportunity

forinternational

businessRespectablegrowth in Latin

America of2.5% to 2.9%

appears to be

healthy

Asia Pacificcooling but

China stilloutstanding at7.5% for 2014

North Americanpivotal to

global recovery

and USexpected to

grow at 2.7%


13/18


Industry Trends - Technology

The Back Office is Converging

with the Front


14/18


Industry Trends - Technology

Need to maximise

profitability from rising

labour demand and

increased hiring

Technology is

the great

enabler of

efficiency

Automating and

integrating front andback office a major

opportunity

Requirement to

invest, especially

if deferred during

recession


15/18


Industry Trends - Compliance & Regulation

"Need to satisfy demands for

governance and Corporate

and Social Responsibility."

www.123rf.com/photo_23197036


16/18


Increasingawareness of

migrantworker pay

and

conditions

Differencesbetween

developedand

developing

nations, but

gap to narrow

Technology

has important

role to play in

removing

manual

overhead

Industry Trends - Compliance & Regulation

Reduces risk of

compliance

failure


17/18


Summary

A global return to economic growth at

2007 levels may be four years away

Gradual and steady improvement

Encouraging signals for the global

staffing industry in 2014


18/18

Take the time out of timesheets!"

References

Find out more about Etz on our website: www.etzbackoffice.com

Australia

Telephone: +61 2 9375 2362

UK

Telephone: +44 (0)870 460 2698

Find out more and download our free white paper: Economic

prospects and trends for the staffing sector in 2014: http://goo.gl/3xvcLJ

Documents

2014 Economic Prospects and Trends for the Staffing Sector