ROCHELLE PARK, NJ, November 2, 2015 — ZRG Partners, a client-focused global executive search firm driven by data analytics, launches its Global Industrial Hiring Index findings dedicated to the Industrial sector. This index joins ZRG’s portfolio sister publications specific to the Leasing and the Life Sciences industries.
The Q2 2015 release of the ZRG Partners Global Industrial Hiring Index posted a 4% increase in global hiring demand quarter over quarter. This is the second quarter of growth after a significant dip in hiring in Q4 2014. In total, six quarters of hiring data has been collected from key proprietary data sources for the ZRG Partners Global Industrial Hiring Index.
Q2 2015 numbers are very similar to Q2 2014 numbers, the numbers tell us that after two slower quarters, hiring is back to the strong levels seen in the first three quarters of 2014. Of the seven industrial segments the Global Industrial Hiring Index covers – Aerospace and Defense, Automotive, Chemicals, Diversified Manufacturing, Engineering Procurement Construction (EPC), Heavy Equipment and Oil and Gas – Aerospace and Defense showed the greatest strength with 90,000 job postings. Hiring demand in the Oil and Gas sector globally rebounded a bit this quarter, after two straight quarters of declines. This was led by hiring demand outside the U.S. The data shows that in Q2, Oil and Gas hiring in the U.S. remained weak. Diversified Manufacturing and Heavy Equipment were laggards in Q2 2015 compared to the other five industrial segments.
Nate Frank, Managing Director & Global Industrial Practice Leader of ZRG stated, “The mixed Q2 hiring index results align with the general sentiment we’re seeing in the market – pockets of optimism offset by the negative impact low commodity prices are having on industries that touch Oil & Gas, Ag and Mining. The Heavy Equipment sector is a prime example.”
From an investment perspective in 2Q 2015, Private Equity interest in the Industrial sector was the highest we have ever recorded (past six quarters) with over $90 billion in new private equity investments. For Q2, the Industrial sector saw 335 private equity deals completed with an average deal size of just under $300 million. The Automotive sector had the largest PE investments, in total dollars.
About ZRG Partners
ZRG Partners, LLC is a global authority on talent management in the Industrial market. ZRG provides its clients with specialized global market expertise in executive recruitment, consulting and advisory work with a focus on data and analytics to drive great business decisions.
The Global Industrial Hiring Index analysis utilizes a proprietary algorithm that looks at hiring within selected benchmark companies in seven distinct segments. ZRG Partners collaborates with data providers Wanted Analytics and Pitchbook to assemble the sector data that drives the Index.