The Q1 2017 Global Industrial Hiring Index announced a 21% increase in the global hiring demand quarter-over-quarter despite this index posting a 9% year-over-year decrease compared to last year’s Q1. Trends show that when comparing quarter-over-quarter data Q1 continues to post a significant increase over Q4 and this comparison is no exception to the trend. Q1 2017 findings indicate that the employment market is strong across all subsectors within industrial space, with the exception of Oil and Gas, where hiring has risen slightly but remains at a low level.
Nate Frank, Managing Director, Industrial Practice stated “The Q1 results very much align to our expectations and are a good indication that the industrial sector hiring remains fairly robust. Going forward we will continue to keep a close eye on Heavy Equipment and Oil & Gas. Any movement back in the direction of typical levels for these subsectors will be great news for the Industrial Sector as a whole.”
From a Private Equity investment perspective in Q1 2017, Private Equity investment in the Industrial sectors increased by 8% for the quarter, and posted a strong growth of 27% from a year ago.
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 from the CEB TalentNeuron™ tool and Pitchbook to assemble the sector data that drives the Index.
Rob Wolgemuth at email@example.com, +1.630.462.1840