Transformative developments lead to a consolidating IT staffing market
The Herfindahl-Hirschman Index, or HHI, is a widely accepted measure of market concentration. Its calculation is
simply the sum of the square market shares for each firm of a market, typically limited to the 50 largest companies. A market with an HHI of less than 1,500 is considered […]
Every business, irrespective of the industry, relies on technology to compete in today’s market, thereby raising the demand for tech talent. Being one of the fastest-growing IT occupations in the US, software developer employment is projected to grow by 21% from 2018 to 2028, according to the US Bureau of Labor Statistics.
This growth is even […]
All aspects of the staffing process are supported and influenced by technology, and recent developments such as cloud computing, artificial intelligence and blockchain are presenting staffing firms with an increasingly complex environment to understand. Not only is technology transforming existing products, it is creating a bewildering array of new products to consider.
The use of vendor management system technology and managed service provider services has become increasingly widespread at midsize to large enterprises over the past decade. As a result, a key strategic concern for many staffing companies is not only how to delight the underlying enterprise client, but also how to partner effectively with that client’s […]
Scouting out an acquisition target, or seeking a buyer, requires a significant amount of homework. Buyers and sellers need access to databases of companies, which they then need to narrow down based on potential interest/ fit. After time-consuming legwork, companies can cross off names one by one, until finally they come up with realistic short […]
The US labor market is as candidate-driven as it has ever been. According to the US Bureau of Labor Statistics, job openings are largely outnumbering the number of candidates, and this is happening in a context where unemployment is close to an all-time low. You may wonder how this situation could actually benefit enterprising staffing […]
Planning for the future is a critical aspect of managing any organisation. The long-term success of a company is closely tied to how well the management can foresee its future and develop appropriate strategies to deal with likely future scenarios. Additionally, with more staffing firms looking to expand internationally, market size estimates for major staffing […]
Expanding a staffing operation into a new country can be a lucrative growth strategy, but it also comes with a unique set of challenges such as barriers in language and culture, potential currency risk — due to exchange rate fluctuations — and selecting the right people to develop a business. But before any of those […]
Why do people work in offices? The answer to that question used to be obvious — because it’s far easier to communicate and coordinate activities when people are under one roof than when spread apart. The internet has made that answer less clear cut, and perhaps even dated.
Today, in almost any office, what you see […]
Recent trade tensions notwithstanding, Canada and the United States maintain a high level of economic interactivity due to shared cultural, political and economic practices, as well as the geographic proximity that comes with roughly 5,500 miles of shared border. As a result, those familiar with the US staffing industry may wonder how closely the Canadian […]
