ROCHELLE PARK, N.J.--(BUSINESS WIRE)--ZRG Partners, a client-focused global executive search firm driven by data analytics, announced its Q3 2016 Global Industrial Hiring Index, with findings dedicated to the Industrial sector.
The Q3 2016 Global Industrial Hiring Index posted a decrease of over 15% from the first two, strong quarters of 2016. Despite posting a loss quarter-over-quarter, year-over-year hiring was higher than Q3 2015. Automotive and Heavy Equipment were the two weakest subsectors quarter-over-quarter. Our analysis shows that the sharp quarter-over-quarter hiring uptick we observed in Q1 2016 may be levelling off.
Nate Frank, Managing Director, Industrial Practice stated “While the downward move in the third quarter is noteworthy, 2016 as a whole continues to be strong relative to the two prior years. A particularly volatile election climate may have something to do with the Q3 downtick, and based on what we are hearing in the market, we are optimistic that 2016 will finish on a high note in Q4.”
From a Private Equity investment perspective in Q3 2016, Private Equity investment in the Industrial subsectors we follow indicated the lowest global investment we have tracked in the history of the index, at just over $16B, a 60% decrease from Q2 2016.
About ZRG Partners
ZRG Partners, LLC is a global authority on talent management in the Industrial market. ZRG provides its clients with specialized global market expertise in executive recruitment, consulting and advisory work with a focus on data and analytics to drive great business decisions.
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.