FOR IMMEDIATE RELEASE
August 14, 2007
NPA, The Worldwide Recruiting Network reports that fees reported on placements for the first 6 months of 2007 have increased over 2006 full year fee levels. NPA tracks salary levels, fees collected and other data for all placements reported by its 350 member firms. NPA executive vice president Dave Nerz noted, “Fees are not only growing due to the increase in average salary, fees are growing in real terms as a percentage of salary. Since January of 2007, NPA firms have reported a percentage increase of 0.5%. This is particularly strong evidence of the increased value clients place on NPA firms and the results delivered in a candidate-depleted market.”
NPA is a member-owned cooperative based in Grand Rapids, Michigan, USA. The membership is comprised of premier independent recruiters on six continents who work cooperatively to complete searches across virtually all industry and occupational sectors. NPA collects data on placements in the following categories: accounting/finance/banking; administrative/human resources/materials/logistics/operations; process/chemicals/natural resources/mining/oil & gas/environmental; information technology; engineering/design/manufacturing; medical/health care; construction/civil engineering/architecture; nuclear & fossil power/utilities; software & hardware engineering/electronics development; sales and marketing; and various other niches.
“The increase in the percentage collected on each placement is even more remarkable when you consider the growth in international placements made by NPA firms. The greatest growth in placement revenue is coming from Asia Pacific where placement fee percentages are significantly lower than in North America or Europe. So a 0.5% increase has been watered down by real growth in Asia/Pacific,” according to Mr. Nerz.