The temptation within discussions like these is because the U.S. economy is struggling, that staffing companies should be looking for other markets. Yet the reality is all markets are struggling, the whole world is in a downturn
Mountain View, Calif. (PRWEB) April 9, 2009
Global staffing companies are striving to remain competitive amidst a slowed world economy and changing regulations in the U.S. and abroad. A poor economy is causing the nearly $300 billion global worldwide staffing market to shrink in 2009, following several years of growth. Emerging markets still offer opportunities, yet their varying regulations require focused growth strategies.
Such issues affecting worldwide staffing were discussed at last month’s Staffing Industry Analysts’ Executive Forum, the most exclusive annual meeting for CEOs, owners, and senior level executives in the staffing industry. The Executive Forum provides access to the top industry thinkers, leaders, and innovators as they focus on the staffing industry’s strategic issues, challenges, trends, and future opportunities.
Martin Glick, founder and chief executive of The Albany Group, a global contingent workforce management firm utilized by around 400 staffing and recruitment companies worldwide, joined other experts in the panel discussion, “Around the World in 60 Minutes: A Global Look at Staffing.” Albany is the market leader on global contractor and labor law issues, key for succeeding in international markets.
“The temptation within discussions like these is because the U.S. economy is struggling, that staffing companies should be looking for other markets. Yet the reality is all markets are struggling, the whole world is in a downturn,” said Glick. “There are no easy fixes – you can’t just jump to a country and expect to make some money quickly. So any international foray has to be a long-term strategic move.”
Glick added that the so-called “brick” countries that are predicted to dominate the world economies – Brazil, Russia, India and China – are actually the most difficult ones to break into now. China, in particular, has deep regulation and the staffing industry has effectively been controlled by the government. Brazil also is a tough market to enter due to regulation. However, Glick is confident in Albany’s expertise in navigating local regulations and with Albany will be leading a trade delegation for UK staffing firms to Brazil this May.
Glick founded London-based Albany Group in 1989, having witnessed the explosive growth in flexible working arrangements in the UK and its subsequent expansion into Europe. He saw the need for a compliance-focused service to help employers and staffing organizations manage contingent workers across the globe.
Albany is the market leader for contingent workforce management solutions, with offices on six continents serving clients in more than 70 countries. Its national and international workforce solutions include contractor payroll, Independent Contractor compliance, Managed Service Provider programs, Recruitment Process Management and Consulting, and visa & migration services.
Senior Vice President
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