Asia Pacific – Most recruitment firms reporting skills shortages

By memberservices@staffingindustry.com (Danny Romero)

Among recruitment firms in the Asia Pacific region, 88% reported facing a skills shortage in the sectors for which they recruit, according to research released by staffing software provider Bullhorn.

Looking at technology candidates, 86% reported a shortage. And for finance candidates, 89% reported a shortage.

The research is based on a survey of more than 170 recruitment firms in the Asia Pacific region.

Other findings in the report included:

* 85% of recruitment companies met or exceeded their revenue goals last year, and more than 80% expect to do so this year.

* Sectors in which Asia-Pacific agencies recruit most commonly are technology, 27%; professional services, 23%; and finance, 19%.

* The total number of placements ranked as the most important factor to driving revenue followed by average placement fee/bill rate and total number of job orders.

“While our research shows that recruitment companies in Asia Pacific are enjoying continued success, it’s important not to take a passive approach to business growth,” said Peter Linas, international managing director of Bullhorn. “There is always room for improvement, especially with increased competition in key sectors such as technology and finance, along with the persistent global skills shortage.”

Source:: Asia Pacific – Most recruitment firms reporting skills shortages