Recruitment Industry Shows Cautious Optimism Amidst Regional and Sectoral Variations: August 2024 Business Barometer Survey Results

August 23rd, 2024 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 23, 2023 – NPAworldwide, the leading global recruitment network consisting of independent firms, conducted its latest Barometer Survey in August 2024, with 181 member firms participating from around the world. The results indicate a mixed outlook for the recruiting industry ranging from cautious to optimistic based on sector.

The sectors reported to have been the strongest in the last 180 days were manufacturing / supply chain, technology and accounting / finance. This is consistent with results from the February 2024 survey. Notes NPAworldwide President, Kerry Crockett, “The manufacturing and supply chain sector is adding a record number of jobs with a reported 250,000 expected to be added by 2025 in the US alone. While this bodes well for the industry, challenges remain with filling existing jobs as well as newly created ones.”

While 42% of respondents indicated a decline in business over the last 180 days, this has improved slightly since the February survey with varying degrees of improvement. 50% of respondents report optimism for the coming months, down from February 2024 in which 62% had a positive outlook. The primary source of this decline in outlook has been the lack of available jobs to source for per respondents.

Additional demographic information from the Business Barometer survey indicated:

  • 47% of respondents were located in North America; 21% in Australia / New Zealand; 19% in Asia; 11% in EMEA; and 2% in Latin America
  • 49% report the majority of their recruiting business is done in North America; 20% in Australia /  New Zealand; 17% in Asia; 12% in EMEA; and 2% in Latin America
  • 66% of responding members’ business is a mix of both clients and candidates

“As we navigate the evolving landscape of the recruitment industry, this latest Business Barometer Survey underscores both the challenges and opportunities ahead. While certain sectors and regions face headwinds, the resilience and adaptability of our global network remain strong. The cautious optimism expressed by our members reflects their commitment to finding innovative solutions and maintaining a balanced focus on both clients and candidates.” said Crockett.

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.

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Future of Hiring: Exclusive Data from NPAworldwide’s Business Barometer Survey

March 1st, 2024 by Veronica Blatt

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

GRAND RAPIDS, MICHIGAN, USA – March 1, 2024 – NPAworldwide, the leading global recruitment network, has released the results of its twice annual Business Barometer Survey, providing valuable insights into the current state of the independent recruitment industry. Completed in February 2024 by over 560 independent NPAworldwide recruitment firm owners, the survey highlights key trends and challenges faced by the industry.

According to the survey, the global demand for talent has been on a downward trend since early 2022, with a slow rebound in some markets in 2023. This has resulted in a significant increase in the difficulty of finding talent for senior positions. 55.8% of respondents reported business results that were similar or better when compared to the previous 180-day period.

chart showing business results for the past 180 days

“The results of our Business Barometer Survey show a noticeable reduction in optimism among independent recruitment firm owners, with a 14% decrease in benchmarked results since February 2023,” said Dave Nerz, president of NPAworldwide. “However, despite these challenges, the majority of respondents remain optimistic about the next 6 months, with 83.2% expecting similar or better results ahead. It’s clear that finding both jobs and talent has become equally challenging for our members.”

chart showing business outlook for the next 180 days

When asked about the strongest verticals in the last 180 days, the survey revealed that healthcare, technology, manufacturing and accounting/finance were the top industries for recruitment activity. This aligns with the overall trend of increased demand for talent in these sectors.

chart of vertical market strength in the past 180 days

Other results of this survey indicated:

  • About 47% of survey respondents are from outside of North America.
  • The largest respondent group was from North America at 52.8% followed by Australia/New Zealand at 16.1%, Asia and EMEA were at 14.3% each, and LatAm at 3.1%.
  • At the time of the survey, 62.1% of the respondents see the next 6 months as positive or the same as the last 6 months.  This is nearly an 11% decline since February 2023.  So, while things are slower, there is generally optimism for 2024.

“Member firms working contingent and retained recruitment are finding job openings less prevalent but still solid demand for top talent,” said Nerz.  “Top candidates continue to receive multiple offers and counteroffers from existing employers. Compensation offers have become more normalized with long-term trends versus the spikes when exiting the pandemic.  Retaining talent is going to be increasingly important and difficult.  A recent trend of unexpected retirements is an area of concern for employers that have not built strong pipelines or deep benches of talent. Confidence continues to grow as inflationary conditions mitigate. 2024 offers much promise.”

The NPAworldwide Business Barometer Survey provides valuable insights into the current state of the independent recruitment industry, highlighting both challenges and opportunities for growth. With a global network of over 560 independent recruitment firms, NPAworldwide is well-positioned to support its members in navigating these trends and achieving success in the ever-evolving recruitment landscape.

About NPAworldwide. NPAworldwide is a global recruitment network facilitating placements between its member firms. The recruitment network has more than 550 member offices across 6 continents. For more information about NPAworldwide membership, please visit www.npaworldwide.com or www.npaworldwideworks.com.

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NPAworldwide Strengthens Presence with 22 New Member Recruitment Firms

October 11th, 2023 by Veronica Blatt

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

GRAND RAPIDS, MICHIGAN, USA – October 11, 2023 – NPAworldwide, the premier global recruitment network, is proud to announce the enrollment of 22 new member locations between July and September 2023. These firms are based in a variety of countries including Australia, Canada, Indonesia, Malaysia, Turkiye and the United States, and recruit in many different industries such as technology, accounting, manufacturing, healthcare, engineering and life sciences.

The addition of these new recruiting firms to NPAworldwide will provide increased access to quality talent for current members while also helping the organization grow its reputation as a reliable resource for job seekers and employers alike. Dave Nerz, President of NPAworldwide said in an official statement: “Congratulations to each of these member recruitment firms. By joining our network they are investing as owners,” which emphasizes the importance of this move. Joining NPAworldwide allows members to connect with even more clients and candidates across the globe than ever before possible.

  • Tech and Juliet (www.techandjuliet.com), Melbourne, Victoria, Australia
    • Recruiting for tech roles across Australia, with a focus on change and project management
  • Avery Professional Group (www.averyprofessionalgroup.com), Toronto, Ontario, Canada
    • Placing healthcare professionals and physicians across Canada
  • DefineHR (www.definehr.ca), Sun Peaks, British Columbia, Canada
    • Specialists in placing engineers with an electrical, mechanical, &/or computer science background
  • View Global Services Inc (www.viewglobalservices.com), Toronto, Ontario, Canada
    • Placing nursing and healthcare jobs across Canada and North America
  • PT Geekhunter International (geekhunter.co), Jakarta, Indonesia
    • Providing recruitment services in the areas of information technology, business and operational roles, and executive roles across multiple industries
  • Executive Recruiters (www.recruiters.com.my), Kuala Lumpur, Malaysia
    • Executive search firm offering services in property & construction, engineering, information technology, healthcare & life science, logistics & supply chain, shared services centre, and finance & accounting industries
  • JL Elite Management Consultancy, Kuala Lumpur, Malaysia
    • Specialists in sales and business development
  • Times Consult (www.timesconsult.com), Kuala Lumpur, Malaysia
    • Areas of focus include banking & insurance, customer service & support, finance, human resources, information technology, legal & compliance, marketing & communications, production and R&D, sales, corporate strategy/top management, and supply chain
  • Folks Rocks (folks.rocks), Kusadasi, Turkiye
    • Technology recruiting in areas such as analytics management, artificial intelligence, big data, business intelligence, cloud engineering, computer vision, crypto exchange, data engineering, data science, data warehousing, deep learning, digital analytics, direct marketing, eCommerce, image processing, internet of things (IoT), machine learning, machine learning operations, marketing, web analytics, web3/defi
  • AJS Consultancy (www.ajsconsultancyfirm.com), New York, New York, USA
    • Specialits in the IT and health industries
  • Aligning Talent Consultants (www.alignedtalent.net), Chicago, Illinois, USA
    • Primary focus areas include: system/software/embedded engineers, cloud, commercial, federal, cyber, IT, technology, data science, AI, sales, and executive
  • AMG Services CA LLC (www.amgservicesllc.com), Sacramento, California, USA
    • Specialists in HR & operations, accounting & finance, marketing & client services
  • Bloomin Business (www.bloominbusinessconsultants.com), Atlanta, Georgia, USA
    • Placing senior technology and data professionals nationwide with a focus on software engineering, big data, analytics, business intelligence/data warehousing, cloud computing, devops, and security
  • Bolt Talent Solutions (www.bolttalent.com), Seattle, Washington, USA
    • Specialists in IT, digital marketing, financial services, contact centre (center), banking, compliance, data science & engineering and C-suite recruiting.
  • Hintech Recruiting LLC (hintechrecruiting.com), Orlando, Florida, USA
    • Specialists in medical devices and diagnostics, including aesthetic laser space, spine space, capital sales into private practices and hospitals, and most midlevel roles into the hosptial c-suite, including disposables, acute care, medical device, etc.
  • Hire EIQ, LLC, Chicago, Illinois, USA
    • Executive search/ talent acquisition firm focused in the healthcare & technology space
  • Nance Staffing, McLeansville, North Carolina, USA
    • Areas of focus include cybersecurity, healthcare, legal and technology
  • Prominent Career Solutions (www.prominentcareersolutions.com), Washington, Missouri, USA
    • Recruitment and placement in the areas of healthcare, manufacturing and engineering
  • SDA Networx Solutions (sdanetworx.com), Lenexa, Kansas, USA
    • Focus is recruiting remote developers, leads, and other tech talent
  • Sky Search LLC (skysearch.com), Fairview, Oregon, USA
    • More than three decades of recruiting in healthcare, life sciences, information technology, and now in the environmental and energy consulting and services markets
  • Thomas Talent Network, LLC, New Orleans, Louisiana, USA
    • Specializes in providing qualified diverse candidates for roles in technology, customer service, finance, healthcare, life science, HR and other professional fields
  • Zaddy Solutions LLC (www.zaddysolutions.com), Charlotte, North Carolina, USA
    • Areas of focus include accounting/financial services, banking, cybersecurity, fintech, healthcare, and technology

Membership in the NPAworldwide recruitment network is offered on a selective basis to independently-owned firms who meet the network’s enrollment criteria and have a strategic interest in making split placements.

About NPAworldwide. NPAworldwide is a global recruitment network facilitating placements between its member firms. The recruitment network has more than 550 member offices across 6 continents. For more information about NPAworldwide membership, please visit www.npaworldwide.com or www.npaworldwideworks.com.

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NPAworldwide Hall of Fame Welcomes Patrick Long and Ed Wallach

September 28th, 2023 by Veronica Blatt

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

GRAND RAPIDS, MICHIGAN, USA – September 28, 2023 – Patrick Long of Provision People (www.provisionpeople.com) and Ed Wallach of Ed Wallach Search Group (www.wallachsearch.com) have been inducted into the prestigious NPAworldwide Hall of Fame. Both recruiters have reached the Double Platinum level in the NPAworldwide Recruiter Achievement Status program, a rare and coveted achievement.

To reach this level, Patrick and Ed have demonstrated exceptional placements activity, with a cumulative salary total of at least US $10 million. Only 22 people in the entire recruitment network have ever achieved this level of productivity. NPAworldwide President Dave Nerz applauds their success, stating that they are excelling at what every recruiter aspires to.

Patrick expressed his gratitude for this recognition, highlighting the collective efforts of the entire community. He credits the collaborative spirit and strong teamwork within NPAworldwide for their shared success. Ed also expressed his honor and humility, thanking his trading partners for their support.

NPAworldwide’s Recruiter Achievement Status program recognizes six levels of performance: Platinum Premier, Double Platinum, Platinum, Gold, Silver, and Bronze. Patrick and Ed have reached the second-highest level, a testament to their exceptional skills and accomplishments.

Join us in congratulating Patrick Long and Ed Wallach on their well-deserved induction into the NPAworldwide Hall of Fame.

About NPAworldwide. NPAworldwide is a global recruitment network facilitating split 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.

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NPAworldwide’s Business Barometer Survey Reveals Optimism Despite Global Talent Slowdowns

August 31st, 2023 by Veronica Blatt

NPAworldwide, the leading global recruitment network, has released the findings of its latest Business Barometer Survey. The survey, conducted in August 2023, gathers insights from independent recruitment firm owners within the NPAworldwide network. These members specialize in executive, professional, and contract positions on a global scale.

In recent months, there has been a slowdown in the global demand for talent. While fewer job openings are available, recruiters with expertise and connections still have ample opportunities to thrive. According to NPAworldwide president Dave Nerz, 59% of respondents reported similar or improved business outcomes compared to the previous 180-day period.

However, these results show an 11% decline since February 2023, indicating a cooling trend. Despite this, a majority of respondents remain optimistic about the next six months, with 83.5% expecting similar or better results ahead. The competition for top talent remains fierce.

pie chart of survey respondents business results over the past 180 days

 

pie chart of survey respondents' business expectations over the next 180 days

 

bar graph of strong vertical markets

Additional key findings from the survey include:

  • 38% of respondents are based outside of North America.
  • The largest respondent group is from North America (62%), followed by Australia/New Zealand (15%).
  • The remaining respondents represent various regions such as Asia, EMEA (Europe, Middle East & Africa), and Latin America.
  • At present, 73% of respondents foresee positive or stable conditions in the next six months compared to the preceding six months. This marks a 3% improvement since February 2023. While the pace may have slowed down overall, there is still optimism surrounding year-end and early 2024.

“The accounting/finance, manufacturing, and technology sectors continue to show strength,” noted Nerz. “Recruitment firms specializing in contingent and retained placements are experiencing robust demand for talent. Top candidates are receiving multiple offers and counteroffers from their current employers. In this competitive landscape, speed and attractive compensation packages remain essential for successfully securing top talent. Retaining talent will become increasingly challenging but crucial. Despite efforts to cool the economy, confidence is growing, and the job market remains surprisingly stable.”

With valuable insights from recruitment experts across the globe, NPAworldwide’s Business Barometer Survey paints a comprehensive picture of the recruitment industry’s current landscape and future prospects.

About NPAworldwide. NPAworldwide is a global recruitment network facilitating placements between its member firms. The recruitment network has more than 550 member offices across 6 continents. For more information about NPAworldwide membership, please visit www.npaworldwide.com or www.npaworldwideworks.com.

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Jon Davis Achieves Gold Distinction from NPAworldwide

August 30th, 2021 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 30, 2021 – Jon Davis, of Perfect Fit Placement (www.pfpjobs.com) in greater Hartford, Connecticut (USA) has reached the Gold level of the NPAworldwide Recruiter Achievement Status program. Read the rest of this entry »


NPAworldwide Recruitment Network Expands Globally

August 19th, 2021 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 19, 2021 – Recruitment network NPAworldwide has expanded its presence in Australia, Canada, Hong Kong, and the USA with six new member firms. This expansion will allow members to grow revenue without increasing overhead as they work cooperatively to make placements for clients. With this announcement, there are now NPAworldwide members in 41 countries across six continents providing placement services. Read the rest of this entry »


Split Placement Network NPAworldwide Adds 7 New Members

July 16th, 2021 by Veronica Blatt

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

GRAND RAPIDS, MICHIGAN, USA – July 16, 2021 – NPAworldwide, a member-owned split placement network for recruiters, is pleased to welcome the following members enrolled in June 2021: Read the rest of this entry »


Marcus Ronaldi Achieves Platinum Distinction from NPAworldwide

June 30th, 2021 by Veronica Blatt

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

GRAND RAPIDS, MICHIGAN, USA – June 30, 2021 – Marcus Ronaldi, of Marcus Ronaldi Recruiting (www.marcusronaldi.com) in greater San Francisco, California (USA) has reached the Platinum level of the NPAworldwide Recruiter Achievement Status program. Read the rest of this entry »


NPAworldwide Adds 14 Recruitment Firms Globally

June 22nd, 2021 by Veronica Blatt

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

GRAND RAPIDS, MICHIGAN, USA – June 22, 2021 – NPAworldwide is pleased to announce the addition of 14 new recruitment firms in the USA, Australia, Ireland, Spain, and India. NPAworldwide is the only recruitment network owned by recruiters. Read the rest of this entry »


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