Rochelle Park, New Jersey (August 24, 2017) – ZRG Partners, a client-focused global executive search firm driven by data analytics, announced the results of its Q2 2017 Global Industrial Hiring Index.
The Industrial market hiring trends remained flat globally, quarter-over-quarter as well as year-over-year, compared to last year’s Q2 numbers. Hiring across sectors showed positive trends for Diversified Manufacturing, posting the first growth in hiring since Q1 2016, as well as Oil and Gas continued to increase hiring, posting the second quarter in a row with +25% growth.
Nate Frank, Managing Director, ZRG Industrial Practice stated “This quarter’s numbers were fairly encouraging to us. With the Index staying level with Q1 2017 as well as with Q2 2016, we believe the market outlook in the industrial space is still relatively positive. We were also pleased to see that the Oil & Gas and Heavy Equipment numbers inched higher this past quarter.”
From a Private Equity investment perspective in Q2 2017, Private Equity investments were also flat versus Q1 2017; however the distribution of investments was weighted heavily towards Oil and Gas and Diversified Manufacturing, both posting over 50% increase quarter-over-quarter.
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 firstname.lastname@example.org, +1.630.462.1840