ZRG’s Global Equipment Leasing and Asset Finance Hiring Index is showing a continued slowdown in hiring demand rolling over from last quarter. After a third quarter drop of 11% in hiring demand around the world, we are seeing more of the same in the fourth quarter with an additional drop of 13% in hiring as the index ended at 55%, down from 67%.
The summer months are bringing less opportunity around the world for employees in the equipment leasing and commercial finance sectors. After a slight increase in demand posted in the second quarter of this year, the latest release of the ZRG Partners Global Hiring index showed a drop of 11% in hiring demand, following the larger macro trends impacting companies around the world.
The ZRG Partners Global Equipment Leasing and Finance Hiring Index (GELAF) showed an overall increase of 15% for the quarter closing at 74, up from last quarters closing number of 63.7. Driving the index up was robust hiring in all of the BRIC countries and an improved hiring picture in the USA.