Piper Jaffray Publishes 2005 Human Resources Outlook Survey
April 12 2005 - 1:20PM
PR Newswire (US)
Piper Jaffray Publishes 2005 Human Resources Outlook Survey
MINNEAPOLIS, April 12 /PRNewswire-FirstCall/ -- Piper Jaffray &
Co. Senior Analyst Brett Manderfeld and a team of analysts recently
released the findings of a proprietary survey of human resource
professionals. The national survey, which was conducted by Harris
Interactive(R) (HPOL, Market Perform, $4.70) included more than 320
human resource professionals designed to provide institutional
investors deeper insight into key trends and spending plans across
the U.S.-based human resources community. The survey took a close
look at the human resources market and covered topics ranging from
hiring plans for this year by functional area and recruitment
channel to overall trends and budgeting plans for human resource
technologies, outsourcing and offshoring initiatives and
company-provided education. Findings of the survey suggest 2005 to
be a solid year for headcount growth with overall hiring of
full-time employees forecast up five percent more than 2004.
Roughly four times the number of respondents indicated plans to
increase headcount in 2005, versus those planning declines (44
percent, versus 11 percent) while 45 percent expected to maintain
current levels, versus last year. "In online recruitment, we expect
Monster (MNST, Outperform, $28.08) to maintain its dominant market
share position relative to CareerBuilder in 2005, while the rate of
online recruitment spending will dramatically outpace that of
newspapers, recruiters and job fairs this year," said Manderfeld.
"Based on our interpretation of the data, we expect spending growth
in the online employment market to increase 12 percent in 2005 with
Monster's market share advantage expected consistent with 2004
spending levels at roughly two times CareerBuilder and five times
HotJobs." The survey also suggest that the overall market for
pre-employment background screening is also expected to grow 12
percent in 2005 and ChoicePoint (CPS, Outperform, $38.98) is by far
the most recognized and used vendor of any company in this very
fragmented space. Additionally, although respondent familiarity
with particular temporary staffing firms is generally low, most
likely because of the fragmented nature of this market. Among the
four firms mentioned in the survey, Adecco, Kelly Services,
ManPower and Robert Half, (RHI, Outperform, $25.44), respondents
who were familiar with the firms rated Robert Half highest in terms
of job candidate quality. The 2005 Human Resources Outlook Survey
also includes information in enterprise software, technology BPO,
infrastructure software and learning services. The survey points
out that Oracle's (ORCL, Outperform, $12.40) acquisition of
PeopleSoft has had little effect on the likelihood of purchasing
PeopleSoft applications, with 93 percent of total respondents
saying their likelihood of doing so remains unchanged. In fact, 97
percent of PeopleSoft customers surveyed expect spending on
PeopleSoft applications to either remain the same or increase in
2005, with nine percent of PeopleSoft customers seeing an increase
in spending on PeopleSoft applications even though they will be
buying them from Oracle. The survey points to expected growth in
new outsourcing initiatives focused around companies of all sizes.
Additionally, the survey suggests that network management will see
the highest percent headcount growth within the IT group in 2005.
Lastly in learning services, about 80 percent of the companies
surveyed are maintaining 2004 tuition reimbursement allotments in
2005 and 12 percent have increased these allotments. Survey
Methodology Harris Interactive conducted the online survey on
behalf of Piper Jaffray & Co. between February 21 and 28, 2005
among 324 U.S. adults aged 18 and over who are employed as human
resource professionals and are at least aware of their company's
hiring decision process. Data were weighted where necessary using
targets for companies with 99 or fewer employees up to companies
with 10,000 and more employees provided by Dun & Bradstreet to
align them with their proportions in the population. Though online
surveys are not probability surveys, in theory, with samples of
this size, Harris Interactive estimates with 95 percent certainty,
that the results for the overall sample have a sampling error of
plus or minus six percentage points. Sampling error for subsamples
is higher and varies. About Piper Jaffray Piper Jaffray & Co.
is the chief operating subsidiary of Piper Jaffray Companies
(NYSE:PJC), a focused securities firm dedicated to delivering
superior financial advice, investment products and transaction
execution within selected sectors of the financial services
marketplace. The company operates through two primary
revenue-generating segments: Capital Markets and Private Client
Services. Piper Jaffray & Co. has served corporations,
government and non-profit entities, institutional investors and the
financial advisory needs of private individuals since 1895.
Headquartered in Minneapolis, Piper Jaffray has approximately 3,000
employees in 104 offices in 23 states across the country and in
London. For more information about Piper Jaffray, visit us online
at http://www.piperjaffray.com/ . Since 1895. Member SIPC and NYSE.
About Harris Interactive(R) Harris Interactive Inc. (
http://www.harrisinteractive.com/ ), the 15th largest and
fastest-growing market research firm in the world, is a Rochester,
N.Y.-based global research company that blends premier strategic
consulting with innovative and efficient methods of investigation,
analysis and application. Known for The Harris Poll(R) and for
pioneering Internet-based research methods, Harris Interactive
conducts proprietary and public research to help its clients
achieve clear, material and enduring results. Harris Interactive
combines its intellectual capital, databases and technology to
advance market leadership through U.S. offices and wholly owned
subsidiaries: London-based HI Europe ( http://www.hieurope.com/ ),
Paris-based Novatris ( http://www.novatris.com/ ), Tokyo-based
Harris Interactive Japan, through newly acquired WirthlinWorldwide,
a Reston, Virginia-based research and consultancy firm ranked 25th
largest in the world, and through an independent global network of
affiliate market research companies. EOE M/F/D/V Research
Disclosures Piper Jaffray was making a market in the securities of
Harris Interactive Inc. at the time this research report was
published. Piper Jaffray will buy and sell Harris Interactive Inc.
securities on a principal basis. Piper Jaffray has received
compensation for non-investment banking securities- related
services from Harris Interactive Inc. within the past 12 months.
Piper Jaffray was making a market in the securities of Monster
Worldwide, Inc. at the time this research report was published.
Piper Jaffray will buy and sell Monster Worldwide, Inc. securities
on a principal basis. Piper Jaffray was making a market in the
securities of ChoicePoint Inc. at the time this research report was
published. Piper Jaffray will buy and sell ChoicePoint Inc.
securities on a principal basis. Piper Jaffray was making a market
in the securities of Oracle Corporation at the time this research
report was published. Piper Jaffray will buy and sell Oracle
Corporation securities on a principal basis. Piper Jaffray has
received compensation for non-investment banking securities-related
services from Oracle Corporation within the past 12 months. Piper
Jaffray was making a market in the securities of Robert Half
International Inc. at the time this research report was published.
Piper Jaffray will buy and sell Robert Half International Inc.
securities on a principal basis. Piper Jaffray research analysts
receive compensation that is based, in part, on the firm's overall
revenues, which include investment banking revenues. Disclaimers
This material regarding the subject company is based on data
obtained from sources we deem to be reliable; it is not guaranteed
as to accuracy and does not purport to be complete. This
information is not intended to be used as the primary basis of
investment decisions. Because of individual client requirements, it
should not be construed as advice designed to meet the particular
investment needs of any investor. It is not a representation by us
or an offer or the solicitation of an offer to sell or buy any
security. Further, a security described in this release may not be
eligible for solicitation in the states in which the client
resides. Notice to customers in the United Kingdom: Circulation of
this report in the United Kingdom is restricted to investment
professionals and high net worth individuals falling within
Articles 19 and 49 of the Financial Services and Markets Act
(Financial Promotion) Order 2001 as amended. No one else in the
United Kingdom should read, rely on or act upon the information in
the report. The investments and services to which the report
relates will not be made available to others in the United Kingdom.
Securities products and services offered through Piper Jaffray
& Co., member SIPC and NYSE, Inc., a subsidiary of Piper
Jaffray Companies. Additional information is available upon
request. No part of this report may be reproduced, copied,
redistributed or posted without the prior consent of Piper Jaffray
& Co. Copyright 2005 Piper Jaffray & Co., 800 Nicollet
Mall, Suite 800, Minneapolis, Minnesota 55402-7020 DATASOURCE:
Piper Jaffray & Co. CONTACT: Susan Beatty, Media Relations,
Piper Jaffray & Co., +1-612-303-5680 Web site:
http://www.piperjaffray.com/ http://www.harrisinteractive.com/
Copyright
Piper Jaffray Companies (NYSE:PJC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Piper Jaffray Companies (NYSE:PJC)
Historical Stock Chart
From Jul 2023 to Jul 2024