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Sigmar Recruitment and French Staffing Firm Groupe Adéquat Announce Strategic Partnership to Create a €1bn Global Group

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Irish Recruitment firm, Sigmar Recruitment today announced a strategic partnership with French staffing giant Groupe Adéquat. The partnership will be structured through a staged equity investment over a 5 year period that will see Groupe Adéquat take majority interest. Both companies are dominant players in their respective markets and will now look to expand internationally through organic growth and acquisition. The deal will see significant growth in Sigmar’s Irish operations and will propel Sigmar as Groupe Adéquat’s gateway to English speaking countries. The existing management team will remain at Sigmar for the long term and will work with the Groupe Adéquat’s leadership team to execute international expansion.

 

Commenting on the partnership, Sigmar CEO, Adrian McGennis said: “Groupe Adéquat have a very similar mindset and culture to Sigmar with major ambition to scale that aligns with ours. Our partnership with Groupe Adéquat will allow us to accelerate our plans to internationalize while expanding our service offering for our customers in Ireland. We are delighted to work with the team in Groupe Adéquat and look forward to building a global business through delivering on our values commitment to all stakeholders.”

 

Groupe Adéquat leadership team stated: “Our mission over the next 5 years is to become one of the top 25 staffing firms in the world, both through organic growth continued investment in high potential international brands such as Sigmar. We identified Sigmar as a strategic partner as they have a reputation for being one of the most respected and innovative consultancies in Europe. We believe that the Sigmar brand has true international currency and this investment represents a significant step, for us, in becoming a global group.  Above all else we share the same values and ambition to deliver more for our colleagues, clients and candidates.”

 

 

Posted by Julia Purcell on 8 February 2018

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Irish jobs market reaches 20-year high, as office re-entry drives unprecedented levels of recruitment activity

Irish jobs market reaches 20-year high, as office re-entry drives unprecedented levels of recruitment activity

Sigmar Recruitment today reports a record high number of job placements over April, May, and June 2021. The number of placements during this period is higher than any other quarter in the recruitment company’s 20-year history. Current figures are up 6% on the previous record set in 2019 before the pandemic. As one of the largest recruiters in Ireland, Sigmar has offices across the country and is present in all professional sectors. The first half of the year saw strong, consistent growth with job placements breaking all records in the month of May, with June accounting for the second-highest month ever. Commenting on the rebound of the labour market, Sigmar founding Director, Robert Mac Giolla Phádraig says: “The jobs market in Ireland has never been stronger or more buoyant than it currently is. We’re seeing several macro trends converge all at once, which is creating significant churn in the market. Remote working has literally opened up a world of new opportunities no longer bound by location. This is coupled with a rising tide of consumer confidence, as many professionals find themselves in a stronger financial position than before the pandemic. “The last 18 months has asked big questions of us all, and the humdrum of lockdown has created a desire for change which is now resulting in unprecedented numbers of people moving jobs. Employee loyalty is increasingly under question, with remote work being less enjoyable, many workers are now committed to the experience of work over the employer, adding further to the current levels of churn.” IT accounted for one-third of all job placements throughout the quarter, followed in order by Financial Services, Sales & Marketing, Accountancy, Life Science & Manufacturing, Office Support, Public Sector, Construction, Professional Services. Business confidence has also grown steadily over the course of the year, as vaccination gathered momentum. The “low-touch economy” is booming is sectors such as e-commerce, digital, and logistics. Says Mac Giolla Phádraig: “The resurgence of permanent recruitment is somewhat unique to how we’ve rebounded from previous downturns, where we typically saw flexible work return quicker.” Although the vast majority of job placement in Q2 were understandably remote, Sigmar reports that the tide is beginning to change with the majority of employers now committing to hybrid work over the coming three months. Mac Giolla Phádraig advises: “As we now choose our workplaces, at a time when the power dynamic has shifted to the employee, employers need to ensure adequate work practices to reconnect the workforce with the workplace equitably. There is an inherent risk that new workforce inequities may emerge, such as “proximity bias”, where those closest to the centre of influence get greater recognition and therefore promotion opportunities as opposed to remote workers. When it comes to individual contribution the opposite could be argued that remote workers get the benefit of having less in-office distractions and their output is therefore greater.” Mac Giolla Phádraig likens remote work to long-distance relationships, which in many cases don’t work out. “We’ve gone from “living” with our employees in an office environment to long-distance relationships, which often sees commitment recede over time. The context of location also opens up new experiences and possibilities, which are now being explored on a scale never before seen.” He adds, “if we thought the war for talent was tough, just wait for the battle of attrition. It’s now emerging as the number one challenge for businesses across the globe.”