Overview:
Our ‘Hiring Happenings’ podcast is now global for the rest of the 2024. It sees our host, Angela Cripps discuss what is currently happening economically around the world and how this relates to the recruitment industry with guests Donal O’Donoghue and Adam Pode.
They get into the annual reports hitting the news, inflation, GDP, Labour costs, Ansoff Matrix, The Big Mac Index, cross selling, international recruitment and much more.
Guests:
Donal O’Donoghue – Sanderson MD
Adam Pode – SIA (Staffing Industry Analysts)
0 m 15 s: Introduction to Hiring Happenings
0 m 50 s: Introduction to Adam Pode
2 m 05 s: Introduction to Donal O’Donoghue
3 m 58 s: First principals – macro economic factors
5 m 50 s: The impact on an international recruitment business
7 m 20 s: 92% drop in profits in Hays annual report
9 m 46 s: Top 10 countries equating to 75% of revenue, GDP and India-made
11 m 55 s: Growth equating to opportunities and impact of salary costs
13 m 08 s: GDP and regression analysis, US healthcare phenomenon
16 m 30 s: Supply & demand and ways of developing business, where to invest
19 m 43 s: Labour costs and their impact, skills shortages and the biggest worry
23 m 04 s: Uncertainty, the ways to measure and the positive indications
26 m 13 s: Green shoots, increasing permanent hiring at the mid-senior levels
29 m 12 s: Inflation and its implications
31 m 46 s: Salaries versus productivity and the costs of doing business
34 m 26 s: Globalisation, exchange rates and strategy
37 m 32 s: The Big Mac Index
39 m 20 s: The Opportunities, Ansoff Matrix, M & A, Consolidation
42 m 39 s: Cross selling, temp and perm working together
43 m 36 s: The professionalisation of staffing and optimistic futures
45 m 29 s: Thank you, summary and goodbye
Links:
SIA (Staffing Industry Analysts)
IMF - International Monetary Fund
PESTLE stands for:
🗳️ Political
💰 Economic
🏘️ Sociological
🤖Technological
⚖️ Legal
♻️ Environmental
It’s a strategic tool to understand the macro-environmental factors impacting an industry. In 'Hiring Happenings', this approach is applied to dig beneath the news and keep you well informed.
Recruiting Gym Online Training platform
Sign up for the Monster Zone to access the resources and training linked to Hiring Happenings, kindly sponsored by Monster UK
LinkedIn: Recruiting Gym and Angela Cripps
Twitter @RecruitingGym
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TikTok @RecruitingGym
For a transcript of this episode, please email angela@recruitinggym.com
