October 12, 2021 – With the number of people vaccinated against the coronavirus growing daily, executive search consultants are seeing an increase in hiring mandates from around the world. To meet demand, they continue to develop new practices, hire new recruiters and open new locations. Global recruiting consortiums, meanwhile, are taking advantage of a resurgence in certain geographic areas. Member-owned recruitment network NPAworldwide recently added five new member firms. These search organizations are looking to increase revenue through NPAworldwide’s cooperative placement model. NPA now has 550 member offices across six continents.
“Congratulations to these recruitment firms,” said Dave Nerz, president of NPAworldwide. “By joining our global recruitment network, they are invested as owners. Membership in NPAworldwide allows executive recruitment firms to more effectively serve their clients and candidates by adding or increasing split placements.”
New Member Firms
- Cre8 SF Inc., located in San Francisco, is a search firm whose primary focus is supporting tech start-ups.
- Maverick Search Partners, based in Atlanta, specializes in accounting and finance, with strong additional experience in human resources, administrative and healthcare administration.
- Ascent Select, headquartered in Greensboro, NC, focuses on multi-unit (retail, restaurant, hotel, banking, healthcare, financial services and CPG manufacturing) with an emphasis on the functional niches of finance, supply chain, logistics, operations, legal, sales, marketing and HR.
- CXC GLOBAL TALENT, located in Singapore, is an executive search firm with a concentration on tech-focused roles for both direct-hire and contract professionals.
- Surya Solution specialty areas include retail/E-commerce, financial services/fintech, fast-moving consumer goods, professional services, digital technology, media/cinema, manufacturing, private equity/venture capital, insurance, interior design/architecture, healthcare/medical, real estate, mining, agri/plantation, oil/gas, telecommunications, information technology, NGO, heavy equipment, automotive and engineering. The firm is based in Bali, Indonesia,
During the last six months, 63 percent of independent recruitment firm owners reported that their business was better than in the period before, according to new research by NPAworldwide. “Business conditions over the last 180 days have been quite remarkable,” said Mr. Nerz. The survey queried members about future expectations and found that 57 percent expect to see growth during the next six-month period while only three percent anticipate a decline. “The bounce off the bottom has been significant for many companies,” said Mr. Nerz.
Other results of this twice-annual survey of the 570-plus independent members of NPAworldwide indicated:
- 35 percent of survey respondents are from outside of North America.
- North American represented 66 percent of respondents with the next largest respondent group from Australia/New Zealand at 15 percent.
- The remaining respondents were from Asia, EMEA or LatAm.
- At the time of the survey, 74 percent of the respondents had a positive outlook for results over the next six months.
- 31 percent of those taking the survey have seen fees increase in the last six months.
“Member recruitment firms view the manufacturing/supply chain, technology and accounting/finance sectors as the strongest vertical market segments for recruitment. Our independent recruitment firms working these segments are expecting to continue on the positive trend started in the last six months,” said Mr. Nerz.
“The recruitment industry is navigating huge changes in the last 18 months,” he said. “The move to work from home and limits to availability of in-person interviewing has added to the complexity of making a new hire. Many employers are ready to focus on finding and hiring great talent, but still lack the decision-making speed to get candidates with multiple offers. There is much work to do refining complex interview procedures and overly time-consuming and deliberate selection processes.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media