Press Release Archives: Economic Outlook

NPAworldwide Business Barometer Survey Indicates Positive Hiring Momentum

August 29th, 2017 by Veronica Blatt

FOR IMMEDIATE RELEASE 
Contact: Veronica Blatt
Director of Corporate Communications
vblatt@npaworldwide.com
+1 616 871-3323

GRAND RAPIDS, MICHIGAN, USA – August 29, 2017 – NPAworldwide, a global recruitment network, announced the results of its twice annual business barometer survey. This is a survey completed by the independent recruitment firm owners that are members of the NPAworldwide global network. Members are asked to document business results and predict future results that are representative of the independent recruitment industry.

“Member recruiters are very positive about business conditions over the last 180 days and see a continuation of positive momentum for the future,” said Dave Nerz, president of NPAworldwide. “More than 90% of the independent business owners surveyed are forecasting similar or improved market conditions in the next 180 days.”

Other results of business barometer survey of the 500 independent members of NPAworldwide indicated:

  • Thirty-seven percent of survey respondents are from outside of North America.
  • North America represented 63% of respondents, with the next largest respondent group from Australia/New Zealand at 16 percent of the total.
  • The remaining 21% of respondents were from Asia, EMEA or LatAm.
  • Just under 20% of respondents exclusively work the client side of recruiting and allow their business partners to source candidates for their client’s openings.
  • Forty-seven percent reported business as improved in the last 180 days.
  • Seventy-five percent reported business performance in line with or above expectations in the last 90 days…up 12 percentage point since February.
  • As for the next 6 months, a full 72% of the respondents have a positive outlook for results.
  • 23% of those taking the survey have seen fees increase in the last 6 months.

“Member recruitment firms view manufacturing / operations / engineering as a strong vertical market segment producing results for recruiters. Accounting / finance is also quite a hot vertical and human resources had several mentions for the first time in recent memory. Results of the business barometer survey point to increasingly positive results for independent firms working these active and positive segments,” said Nerz.

He continued, “Candidates and sourcing of passive talent versus scraping names from LinkedIn is the challenge for truly strong recruitment firms. The healthy nature of the recruitment industry has created many new firms, services and competitors for independents. The market is fully candidate-driven now. Client assignments are taking longer to fill and perfect-fit talent is difficult to locate. Most member firms and the clients they serve have multiple jobs open. The NPAworldwide split-fee model is a perfect complement to most members’ businesses and supports a speedier fill of employer’s most difficult searches.”

About NPAworldwide. NPAworldwide is a recruitment network facilitating placements between its members. The network has nearly 500 member offices across 6 continents. For more information, please visit www.npaworldwide.com or www.npaworldwideworks.com.

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NPAworldwide Release Business Barometer Survey Results

April 5th, 2017 by Veronica Blatt

FOR IMMEDIATE RELEASE
Contact: Veronica Scrimshaw
Director of Corporate Communications
vscrimshaw@npaworldwide.com
+1 616 871-3323

GRAND RAPIDS, MICHIGAN, USA – April 5, 2017 – NPAworldwide, a global recruitment network, has announced its twice-annual Business Barometer Survey results. The survey engages the boutique and independent recruiters that are members of the NPAworldwide global network in documenting past results and predicting future recruitment industry results.

“Member recruiters are very positive about business conditions over the last 180 days and see a continuation of positive momentum for the future,” said Dave Nerz, president of NPAworldwide. “More than 90% of the independent business owners surveyed are forecasting similar or improved market conditions in the next 180 days.”

Other results of this survey of the 500 independent members of NPAworldwide indicated:

  • 65 percent of survey respondents are from North America.
  • The second largest respondent group was from Australia/New Zealand at 21 percent of the total.
  • 18% of respondents were in Asia, EMEA or Latin America.
  • 47% reported business as improved in the last 180 days.
  • 25% reported business as staying the same in the last 6 months.
  • 28% saw a decline in business over the last 180 days.
  • 63 percent reported business performance in line with or above expectations in the last 90 days.
  • As for the next 6 months, only 5% of the respondents have a negative outlook.
  • A large majority (86%) see fees as remaining at or above the last 6 month levels.

“Member recruitment firms view manufacturing/supply chain, technology and then accounting/finance as the hottest vertical markets at this time. The construction/infrastructure and sales areas received some support from member-owners as equally active niches. This current business barometer points to continuing positive conditions for the independent firms,” continued Nerz. “The market has certainly shifted to a candidate-driven market over the past few survey samples. Client assignments continue to be difficult and the perfect-fit candidates scarce. Member firms have more work than they are capable of filling on their own. The NPAworldwide split-fee model is a perfect complement to most members’ businesses and supports a speedier fill of employer’s job openings.”

About NPAworldwide. NPAworldwide is a recruitment network facilitating placements between its members. The network has nearly 500 member offices across 6 continents. For more information, please visit www.npaworldwide.com or www.npaworldwideworks.com.

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NPAworldwide Announces Results of Business Barometer Survey

March 8th, 2016 by Veronica Blatt

FOR IMMEDIATE RELEASE
Contact: Dave Nerz
dnerz@npaworldwide.com
+1 616 871-3326

GRAND RAPIDS, MICHIGAN, USA – March 8, 2016 – NPAworldwide, a global recruitment network, announced the results of its Business Barometer Survey. The survey is done twice annually and looks to engage the boutique and independent recruiters that are members of the NPAworldwide global network in documenting past results and predicting short-term future results.

“Our member recruiters are indicating positive momentum for business conditions for their contingent recruiting businesses in the coming 6 months” said Dave Nerz, president of NPAworldwide. “This survey of business owners showed that 86% of those surveyed are forecasting similar or improved market conditions in the next 180 days.”

Other results of this survey of the nearly 500 independent members of NPAworldwide indicated:

  • The majority of respondents (60%) are from North America.
  • A significant percentage (23%) of respondents were from Australia/New Zealand.
  • 16% of respondents were in Asia or EMEA.
  • 41% reported business as improved in the last 180 days, 29% the same, and 30% as worse.
  • Most (71%) saw business performing at or above expectations in the last 90 days.
  • Only 14% of the respondents have a negative outlook for the next 6 months.
  • A large majority (83%) see fees as remaining at or above the last 6 months levels.

“Our member-owners called out the manufacturing, accounting/finance and IT/hardware/software/electronics vertical markets as particularly strong at this time. The results of the business barometer overall pointed to a continuing positive trend for NPAworldwide members and perhaps signals the same for the contingent recruiting market in general,” said Nerz. “Our members are experiencing good growth and anticipating more in the months ahead.”

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About NPAworldwide. NPAworldwide is a recruitment network facilitating placements between its members. The network has nearly 500 locations with 1,300 recruiters in 30 countries across 6 continents. For more information, please visit www.npaworldwide.com or www.npaworldwideworks.com.


Global Recruiters Positive About Market Conditions

April 8th, 2015 by Veronica Blatt

FOR IMMEDIATE RELEASE
Contact: Dave Nerz, President
dnerz@npaworldwide.com
+1 616.455.6776 x19

GRAND RAPIDS, MICHIGAN, USA – April 8, 2015 –NPAworldwide, a global recruitment network, announced the results of its business barometer survey. The survey is done twice annually and looks to engage the members of NPAworldwide in documenting past results and predicting short-term future results. NPAworldwide members are global recruiters operating independent, boutique agencies.

“Our member recruiters are very positive and optimistic about the growth potential for their contingent recruiting businesses in the next 6 months” said Dave Nerz, president of NPAworldwide. “This survey of business owners showed that 96% of those surveyed are forecasting similar or improved market conditions in the next 180 days.”

Some other results of this survey showed the following:

  • The majority of respondents (60%) are from North America.
  • A significant percentage (22%) of respondents are from Australia/New Zealand.
  • 18% of respondents were in Asia or EMEA.
  • 53% of the global recruiters who responded to the survey reported business as improved in the last 180 days, 29% the same, and 18% as worse.
  • Most (71%) saw business performing at or above expectations in the last 90 days.
  • Only 4% of the respondents have a negative outlook for the next 6 months.
  • A large majority (91%) see fees as remaining at or above the last 6 months levels.

“Our member-owners called out manufacturing and the accounting and finance vertical markets as particularly strong at this time. The results of the business barometer overall pointed to a positive trend for NPAworldwide members and perhaps signals the same for the contingent recruiting as a whole,” said Nerz. “Our members are experiencing good growth and anticipating more in the months ahead.”

About NPAworldwide. NPAworldwide is a recruitment network facilitating placements between its members. The network has nearly 500 member offices across 6 continents. For more information, please visit www.npaworldwide.com or www.npaworldwideworks.com.

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