The most-read stories on Shortlist over the past week have covered: Agency benchmarking data; FutureYou's new MD; Listed recruiters reporting their horror quarter; A digital recruiter acquired; and more.
TMS Talent has this week acquired digital and technology recruiter Scout Talent, for an undisclosed sum.
TMS Talent had planned to expand beyond its travel and hospitality specialisations prior to COVID-19, however "once COVID happened, we fast-tracked that", group head of operations Kay Eriksson tells Shortlist.
TMS will absorb the Scout brand, she says, adding that both teams are looking forward to this next chapter.
See more of our coverage on: Launches, rebrands, expansions and closures
The sixth episode of Shortlist's interview podcast is now available, featuring Harrier Group CEO Zain Wadee.
- His new role at the helm of Harrier and leadership priorities during COVID-19;
- Harrier's new 'on-demand' RPO solution and upcoming projects;
- Comparisons between the UK and Australia's RPO markets;
- Candidate experience during the recession;
- How RPO is evolving and adapting to the market; and
- New approaches to upskilling and redeployment.
FutureYou Recruitment has promoted Emily Wilson to the role of managing director.
Executive chair Chris Adams will remain on the board and transition to non-executive chair.
See more of our coverage of: People and profiles
The Federal Government has created new visa arrangements for Hong Kong nationals to remain in Australia, with pathways to permanent residency.
Temporary graduate and skilled workers will be offered an additional five years of work rights in Australia on top of the time they've already been in the country, with a pathway to permanent residency at the end of that period.
Future Hong Kong applicants for temporary skilled visas will be provided a five-year visa, contingent on meeting updated skills lists and labour market testing requirements. And students will be eligible for a five-year graduate visa from the conclusion of their studies, with a pathway to permanent residency.
Existing arrangements will continue to apply for those applicants who study and work in regional areas. The Government expects almost 10,000 existing temporary skilled, temporary graduate and student visa holders in Australia will be eligible for these special arrangements, with a further 2,500 outside Australia and 1,250 applications on hand.
See more of our coverage of: Visas and overseas workers
PageGroup's Australian gross profit fell by 53% year-on-year in constant currency during the June quarter, it says in its trading update.
Asia Pacific fell by 41.7% – including Greater China (-41%) and SE Asia (-35%) – while Group GP was down 47.6% (cc).
PageGroup reports local conditions as "challenging... throughout the quarter" and notes that in June alone, GP fell 48% year-on-year.
Robert Walters has reported a 35% gross profit fall year-on-year in constant currency for the quarter ended 30 June 2020.
This closely aligns with the company's other geographic regions, and the group's global decline (34%), the company says in a trading update.
Robert Walters doesn't reveal further figures but mentions Australia and New Zealand among the countries that "proved to be most resilient" in Asia Pacific, while "activity levels across South East Asia were more significantly impacted".
Subscribe to read the full article: Listed recruiters begin to report horror quarter
Only 12% of recruitment companies saw their revenue increase in the past six months, reflecting the severity of the pandemic's impact, according to HHMC Global's latest Business Intentions Survey.
This figure is down from just under 60% in the previous survey (covering the six months to December 2019).
Conversely, more than 60% of agencies have reported revenue declines greater than 10% since January.
About 15% of companies reported growth in temporary/contract recruitment and just 9% for permanent placements, while "significant" revenue shrinkage is reported for permanent (66% of companies) and temporary recruitment (44% of companies).
Staffing Industry Metrics (SIM) benchmarking data shows permanent placements in April fell 67% from the previous month – a "devastating" impact on 98% of recruitment agencies, and the greatest decline since it began collecting data in 2003.
Permanent placements in May improved for 70% of firms but remained much lower year-on-year, while 70% recorded a lift in temporary and contract placements, SIM data shows.
Subscribe to read the full article: Benchmarking data reveals "devastating" pandemic impact