Economic prospects

and trends for the

staffing sector in 2014
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Economic
prospects and
trends for the
staffing sector
in 2014

A guide for staffing agencies on the factors shaping the
opportunities for growth and business development in 2014
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Staffing sector ahead of the recovery curve
2012: IMF
suggests no
recovery to 2007
levels of
economic growth
until 2018
Staffing industry
well ahead of
the curve and
an early
beneficiary of
recovery
Future for staffing
looks bright well
before 2018; how
bright is 2014 going
to be?
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Where are we now?
Slowing growth in the global
economy
Growth decelerating in
emerging markets
Only moderate recovery in
mature economies
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Confidence Seems to be Returning
The Eurozone crisis
has receded along
with fears of an EU
meltdown


The FTSE 100 is flying in the
mid to high 6,000s
Dow Jones at record highs and
204,000 US jobs created in
October 2013


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Geographical Trends
The
UK
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Geographical Trends - UK
Agency
rates are
increasing
There is a rise
in permanent
hiring
Permanent
staff salaries
are inflating
Shortage of
Temporary and
Contract Staff
Faster Private
Sector Growth
in Permanent
Sectors
Stronger Public
Sector Demand
for Temp/
Contract
Continuing
Controversy
over Zero
Hours
Contracts
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UK Analysis
UK Confidence Rising Strongly
2.4% GDP Growth Expected
to be 0.9% Above Germany
Optimistic CIPD Labour Market
Increased Prospects for
Private Investment
Question Mark over Zero Hours
Contract Despite Enabling
Workforce Flexibility
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Geographical Trends EU
Migration: The free movement
of labour will continue
North v South divide in EU
employment rates
Eastern Europe projected to
grow output by 1.2%
Improving confidence and
private investment
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EU Analysis
Reduced anxiety about
disintegration of Eurozone and
social unrest across the EU
Italy and Spain expected to
return to growth
Increase in confidence likely
to attract private investment

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Australia
staffing
demand
driven by
mining and
construction
Geographical Trends - Asia Pacific, the Americas & Africa
Africa
projected to
create 54
million jobs
in the next
10 years
Latin
America
growing at
a steady
rate
Growth
in Asia
Pacific
slowing
North
American
economies
will grow in
2014
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Geographical Trends - Asia Pacific, the Americas & Africa
Africa the
biggest
opportunity
for
international
business
Respectable
growth in Latin
America of
2.5% to 2.9%
appears to be
healthy
Asia Pacific
cooling but
China still
outstanding at
7.5% for 2014
North American
pivotal to
global recovery
and US
expected to
grow at 2.7%
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Agencies
likely to
invest in
efficiency
enabling
technology
Industry Trends - Technology
The Back Office is Converging
with the Front
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Industry Trends - Technology
Need to maximise
profitability from rising
labour demand and
increased hiring
Technology is
the great
enabler of
efficiency
Automating and
integrating front and
back office a major
opportunity
Requirement to
invest, especially
if deferred during
recession
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Industry Trends - Compliance & Regulation
Compliance and
Regulation Remain
Highly Influential
"Need to satisfy demands for
governance and Corporate
and Social Responsibility."
www.123rf.com/photo_23197036
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Increasing
awareness of
migrant
worker pay
and
conditions
Differences
between
developed
and
developing
nations, but
gap to narrow

Technology
has important
role to play in
removing
manual
overhead
Industry Trends - Compliance & Regulation
Reduces risk of
compliance
failure
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Summary
A global return to economic growth at
2007 levels may be four years away
Gradual and steady improvement
Encouraging signals for the global
staffing industry in 2014
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!"
References
Find out more about Etz on our website: www.etzbackoffice.com
Australia
Telephone: +61 2 9375 2362
UK
Telephone: +44 (0)870 460 2698
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prospects and trends for the staffing sector in 2014: http://goo.gl/3xvcLJ