European HR services see high M&A deal volume in 2022
HR Management Europe Spot On
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In the face of the COVID-19 crisis, the European labor market as everywhere, faced a tumultuous time. But despite the additional uncertainty that 2022 has brought, unemployment in the continent fell for much of this year and they were other bright spots in the sector, as reported in our latest HR Management Europe Spot On.
Tom Van de Meirssche, Oaklins’ HR Europe specialist, guides us through the key trends, both macroeconomic and within HR.
We also hear from Jeff Gravenhorst, the chairman of the board of directors of Moment Group, a leading cross-Scandinavian staffing solutions platform. He explains the current status of the Nordics HR services market and the long-term plans for his company. You can also catch up on recent M&A transactions and valuation trends.
So far, 2022 can be regarded as the year that inflation returned to Europe — more rapidly and to higher levels than many expected. The reasons include supply chain issues in 2021 and early 2022, high energy prices and, of course, the conflict in Ukraine, which has further aggravated inflationary pressures. Despite this, unemployment fell up to September as a result of hot labor markets, aggravating the war for talent. Even though 2022 has brought uncertainty to HR businesses and M&A activity in the sector, mid-market transaction levels remained high until September. Recent events in the European energy market seem to have put a dent in economic forecasts and, consequently, post-summer M&A activity, providing for low visibility in deal activity for the rest of the year.TOM VAN DE MEIRSSCHE, HUMAN RESOURCES EUROPE SPECIALIST, OAKLINS
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