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Understanding Opportunities in International Staffing Markets
Concurrent Session:
Speakers:§ Timothy Landhuis, Director of Research, North America,
Staffing Industry Analysts§ Matt Norton, Senior Research Analyst, CCWP, Staffing Industry Analysts§ Adam Pode, Director of Research (EMEA & APAC), CCWP,
Staffing Industry Analysts
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Most Attractive Staffing Markets
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US
CA
JP
AU
NL
FR
IT
DECN
CHBE
SE
ZA
IN
ES
BR
UK
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§ USD 41.1 billion
§ +2% y/y staffing growth§ USD 7.0 billion
§ +3% y/y staffing growth
§ USD 15.4 billion
§ +2% y/y staffing growth
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Real GDP Growth (%)
Source: IMF
0.00.51.01.52.02.53.03.5
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia Canada UK
%
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Countries with a Talent Mismatch MismatchJapan 10Spain 10France 9.9Sweden 9.9Brazil 8.7Italy 8.4United States 8.4United Kingdom 7.6Netherlands 5.9Australia 5.6Canada 5.5India 5.1Mainland China 4.2Switzerland 3.8Germany 3.4Belgium 1.6
10
1.6
Source: Hays Global Skills Index 2018
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Most Attractive Staffing Markets
Protection Permanent Employees
TAWRegulations
Ease of Doing
Business
Long Term Growth
Potential
MarketCompetition
Political Stability
Human Capital Ranking
Australia 6 9 9 3 1 9 9 20th
Canada 4 10 9 7 4 10 9 6th
UK 4 10 10 2 1 8 9 29th
(Scale 1 to 10, with 10 most attractive)
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Characteristics of the Australian Market
§ 344,900 Temporary Agency Workers
§ 7,815 staffing firms § 8,418 branches
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On-Hire Industry Structure
Life Cycle Stage MatureRevenue Volatility LowCapital Intensity LowIndustry Assistance NoneConcentration Level Low
Regulation Level LightTechnology Change LowBarriers to Entry LowIndustry Globalisation MediumCompetition Level High
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Key External Drivers
§ National unemployment rate§ Demand from healthcare and social assistance and construction§ Improvement in mining sector§ Strong FDI from Japan, China, Hong Kong and Singapore
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-9.7-1.4
5.66.18.510.814.2
22.026.927.9
37.747.6
106.6113.0
118.8250.3
-50.0 0.0 50.0 100.0 150.0 200.0 250.0 300.0
Wholesale TradeAgriculture, Forestry and Fishing
MiningElectricity, Gas, Water and Waste
ManufacturingMedia and TelecommunicationsFinancial and Insurance Services
Arts and Recreation ServicesTransport, Postal and Warehousing
Administrative/Support ServicesPublic Administration and Safety
Retail TradeScientific and Technical Services
Education and TrainingConstruction
Health Care and Social Assistance
Source: Australian Department of Employment
Projected employment growth by industry (000s)
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Acquirers• Adcorp• AWX• Outsourcing Inc• Synergie• Will Group
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Territory LicensingWestern Australia ×Northern Territory ×South Australia RepealedQueensland ü
New South Wales ProposedVictoria From 2019ACT ProposedTasmania ×
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Major metro areas
British Columbia
Alberta
OntarioQuebec
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Four key provinces: Ontario, Quebec, BC, AlbertaEmployment*
(Thousand) % Canada
Ontario 7,264 39%
Quebec 4,254 23%
British Columbia 2,515 13%
Alberta 2,335 12%
Subtotal 16,368 88%
All other provinces 2,337 12%
Canada 18,705 100%
2017 2018P 2019P
Canada 3.0 2.1 1.8
Ontario 2.8 2.2 1.9
Quebec 2.8 2.6 1.8
British Columbia 3.8 2.3 2.4
Alberta 4.4 2.4 1.4
Source: Employment figures from Statistics Canada; GDP figures reflect average of forecasts from BMO, RBC, and TD Economics.
GDP Growth Outlook
*October 2018
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Canadian Temporary Staffing Revenue, 2018
Industrial, 30%
Office/Clerical, 19%IT Staffing,
26%
Engineering, 13%
Finance & Accounting, 5%
Healthcare, 2%Other professional, 5%
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Canadian Staffing Industry Size & Growth Outlook
2017 2018P 2019PTemporary staffing 8.6 8.9 9.2y/y growth 6% 3% 3%
Place and search 0.5 0.5 0.5y/y growth 8% 5% 5%
Total staffing industry 9.1 9.4 9.7y/y growth 6% 3% 3%
(Market size in CAD billion)
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Rates in Canadian dollars; Source: Retail Council of Canada
Minimum wage rising
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Political Stability
§ Political Stability and Absence of Violence - 57§ Voice and Accountability - 93§ Government Effectiveness - 91§ Regulatory Quality - 94 § Rule of Law - 93§ Control of Corruption - 95
Source: World Bank Governance Indicators
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Crashing Currency (USD to GBP)
Source: Google Finance and SIA
1.101.151.201.251.301.351.401.451.50
05-Jun-16
05-Aug-16
05-Oct-16
05-Dec-16
05-Feb-17
05-Apr-17
05-Jun-17
05-Aug-17
05-Oct-17
05-Dec-17
05-Feb-18
05-Apr-18
05-Jun-18
05-Aug-18
05-Oct-18
05-Dec-18
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Structure of the UK Market
Source: IDBR and SIA
1355
3725
5490
17485
£50 Million +
Under £50 million
Under £5 million
Under £1 million
Under £200,000
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Real GDP Growth (%)
0.00.51.01.52.02.53.03.5
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia Canada UK
%
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Real GDP Growth (%)
Source: IMF and SIA
0.00.51.01.52.02.53.03.5
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
UK Germany Japan United States
%
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Skills Shortage
Source: Government Office of Science
30%
39% 36
%37
% 37%
38%
37%32%
41%
52%
38% 37%
44%
51% 53%
42%
41%35%
47% 50%
35%
Managers
Professionals
Associate ProfessionalsAdm
inistrative/
Clerical staff
Skilled Tradesoccupations
Carin
g, Le
isure
and
othe
r ser
vices
Sales
and
Custo
mer Se
rvice
s
Machine Operatives
Elementary staff
Manufacturing
Manufacturing
Construction
Business Services
Transport & Comms
Health & Social
Construction
Cons
truc
tion
Man
ufac
turin
g
Busin
ess S
ervic
es
Transport & Comms
Construction
Construction
Electric/Gas/W
aterTrans
port
& Comms
Hote
ls &
Res
taur
ants
Who
lesa
le &
Ret
ail
Arts
& o
ther
serv
ices
Tran
spor
t & C
omm
s
Wholesale & Retail
Financial Services
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Growing Employment
Source: ONS and SIA
28.028.529.029.530.030.531.031.532.032.533.0
Nov-
Jan
2013
Jan-
Mar
201
3M
ar-M
ay 2
013
May
-Jul 2
013
Jul-S
ep 2
013
Sep-
Nov 2
013
Nov-
Jan
2014
Jan-
Mar
201
4M
ar-M
ay 2
014
May
-Jul 2
014
Jul-S
ep 2
014
Sep-
Nov 2
014
Nov-
Jan
2015
Jan-
Mar
201
5M
ar-M
ay 2
015
May
-Jul 2
015
Jul-S
ep 2
015
Sep-
Nov 2
015
Nov-
Jan
2016
Jan-
Mar
201
6M
ar-M
ay 2
016
May
-Jul 2
016
Jul-S
ep 2
016
Sep-
Nov 2
016
Nov-
Jan
2017
Jan-
Mar
201
7M
ar-M
ay 2
017
May
-Jul 2
017
Jul-S
ep 2
017
Sep-
Nov 2
017
Nov-
Jan
2018
Jan-
Mar
201
8M
ar-M
ay 2
018
May
-Jul 2
018
Jul-S
ep 2
018
Sep-
Nov 2
018
Mill
ions
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§ Rate sessions: Conference CommunityFind the session in the schedule & click on the Session Evaluation
§ Concurrent Sessions: Evaluation Card on your chair
Two Easy Ways to Give Feedback
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Presentations Available to Download
§ Available to purchase§ Place your order at Conference Media Table near registration
outside of the Grand Ballroom, Level 4
Audio Recordings with Screen Capture
§ Available on March 5§ Download link - www.staffingindustry.com/ppts_efna19
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Coming up…§ Leadership Panel: Industry Leaders Peer Into the Future
4:45-6:00 pm | Grand Ballroom 5-6 - Level 4Moderator:– Barry Asin, President, Staffing Industry Analysts
Speakers:– Tom Bickes, CEO, EmployBridge– Ted Hanson, President, ASGN Inc– Ranjini Poddar, CEO & Co-Founder, Artech, LLC– Joyce Russell, President, Adecco Group US Foundation
Sponsored by