Tony Gregoire: What’s going on in the US Staffing Sector?

Tony GregoireTony Gregoire, Director of Research for North America at Staffing Industry Analysts will be kick starting The Job Board Summit 2015 – North America with his industry insights and unique research undertaken recently by SIA.

Some of these fantastic insights have been shared exclusively in our interview with Tony below.

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The Asian recruitment market will soon see a new powerhouse in the sector. This will all be majority-owned by Seek Ltd, the Australia based Job Board giant. Seek is buying the 78 percent of the JobStreet Corp that it doesn’t currently own. It will merge JobStreet and JobsDB (in which it already owns a majority stake).

The announcement also came at the same time that Seek announced its results for the second half of 2013. The company is maintaining a compound annual growth rate of nearly 40 percent, with annual revenue of a$720.5 million ($651.3 U.S.)  Its shares soared on news of the record profits, hitting a new all-time high of a$16.00.

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Job Board “Big Data”

Those nice guys over at Broadbean recently carried out their annual UK Recruitment Trends Report. Unsurprisingly (given the start of the real economic recovery) the research shows that during last year we saw the total number of advertised vacancies increase by 5.5%. The bulk of that growth was experienced during the second half of the year. In each of the last 9 months in 2013 we saw vacancies in excess of the equivalent month from the previous year (after 2 of the first 3 months were actually at a lower level). This was in contrast to what we saw in 2012 where the stalling economy was apparent as vacancy volumes failed to increase year on year.

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