FOR IMMEDIATE RELEASE
Contact: Veronica Blatt, Director of Corporate Communications
+1 616 871-3323
GRAND RAPIDS, MICHIGAN, USA – March 17, 2023 – According to the latest Business Barometer Survey from NPAworldwide, the global recruitment network, demand for talent remained strong through the end of 2022. The survey, which is completed by independent recruitment firm owners around the world, found that 70% of respondents had results that were better than or the same as in the previous 18 months. This indicates that businesses are still seeing positive growth even amidst global political and economic uncertainty. Dave Nerz, president of NPAworldwide, commented on the findings, saying “the data reflects a market where businesses are still willing to invest in their human capital.”
Members are asked to document business results and predict future results that are representative of the independent recruitment industry. NPAworldwide members work executive/professional full-time, part-time and contract positions on a global basis. Survey responses indicate the first few months of 2023 have cooled a bit. According to Mr. Nerz, “Our Business Barometer Survey was conducted during talks of global recession, record inflation, and continued market volatility. Nevertheless, the overall results indicate continued optimism for the next 6-month period. There is still a war for talent.”
Other results of this survey of the 550 plus independent members of NPAworldwide indicated:
- 35% of survey respondents are from outside of North America.
- The largest respondent group was from North America (65%) followed by Australia/New Zealand (15%).
- The remaining respondents were from Asia, EMEA or Latin America.
- At the time of the survey, 70% of the respondents see the next 6 months as positive or the same as the last 6 months. This is down 1% from the prior year.
“The strongest sectors continue to be accounting/finance, technology, and manufacturing. Our independent member firms working these sectors continue to experience strong demand for talent,” said Nerz. “It is not unusual for top candidates to receive multiple offers and counteroffers from existing employers. Speed, flexibility to candidate needs, and aggressive compensation planning are required to capture new talent. There are still more jobs than candidates. Attracting and retaining talent is difficult work. While confidence is not as positive as 6 months ago, it is surprisingly stable.”
About NPAworldwide. NPAworldwide is a recruitment network facilitating placements between its members. The network has more than 550 member offices across 6 continents. For more information, please visit www.npaworldwide.com or www.npaworldwideworks.com.