2025.07. 03 本文字数：1608，阅读时长大约3分钟 作者 | 第一财经 后歆桐 在美东时间周三公布的美国6月ADP数据爆冷后，关于政府效率部（DOGE）裁员对美国就业市场影 响的讨论甚嚣尘上。数据显示，6月美国私营部门的招聘人数意外减少了3.3万个，而此前经济学家 的预期为增加10万个。ADP数据是美国自动数据处理公司(Automatic Data Processing)定期发布 的就业数据。这也是时隔逾两年，ADP数据首度转负。 对于被DOGE裁员计划盯上的美国政府工作人员来说，劳动力市场的明显放缓，发生在了最糟糕的时 候。在招聘和职位空缺逐渐减少的同时，根据国际人力资源咨询公司Challenger，Gray & Christmas Challenger的数据，DOGE的裁员将导致288628个联邦政府职位在年内被削减。 微信编辑 | 雨林 推荐阅读 根据美国劳工统计局的数据，今年1月~4月，政府部门的职位空缺数量下降了5%，申请率却仍徘徊 在2014年的水平上下。显然，如今这些申请者更难被录用。同时，更多担心被裁员的政府工作人员 也在加入找工作大军。Indeed的数据显示，近期美国政府机构工作 ...

Financial Data and Key Metrics Changes - Consolidated fee revenue for the fourth quarter was $712 million, growing 4% year over year at constant currency [15] - Adjusted EBITDA grew 8% to $121 million, with an adjusted EBITDA margin increase of 70 basis points to 17% [15] - Adjusted diluted earnings per share increased 5% to $1.32 [15] - Estimated remaining fees under existing contracts totaled approximately $1.7 billion, up 12% year over year [16] Business Line Data and Key Metrics Changes - Executive Search grew 15% year over year at constant currency, marking the fourth consecutive quarter of growth [14] - Digital subscription and license new business grew to 40% of total digital new business, up from 37% in the prior year quarter [14] - RPO (Recruitment Process Outsourcing) secured $119 million in new business awards, with 77% attributed to new logos [14] - Average hourly bill rates in consulting and interim portions remained strong at $454 and $131, respectively [14] Market Data and Key Metrics Changes - Fee revenue in The Americas was flat year over year at constant currency, with growth in Executive Search and RPO [17] - EMEA fee revenue grew 9% year over year at constant currency, driven by growth in Executive Search and Professional Search [18] - APAC fee revenue grew 8% year over year at constant currency, primarily due to growth in Executive Search and RPO [18] Company Strategy and Development Direction - The company is focused on extending its offerings and solutions, particularly in technology and AI, to drive organizational performance for clients [8][10] - The strategy emphasizes synergistic fee revenue sources, with 77% of clients purchasing two or more solutions [7] - The company aims to innovate and enhance its TalentSuite product, which is expected to create a significant impact in the market [9][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing economic challenges, including a cost of living crisis and its impact on client spending [33][34] - Despite the challenging environment, the company remains optimistic about future growth opportunities and its ability to drive performance for clients [19] - The leadership team is focused on adapting to changing market demands and the need for different leadership qualities in the current economic climate [50][51] Other Important Information - The company returned $173 million to shareholders through share repurchases and dividends in fiscal year 2025 [18] - The company invested $44 million in M&A and $62 million in capital expenditures focused on technology platforms and product enhancements [18] Q&A Session Summary Question: Insights on new business trends and revenue trends by month - Management noted that May was stronger than April, indicating a positive trend despite ongoing uncertainties [23] Question: Executive Search growth specifics - Management indicated that long-term growth has been consistent, with quarterly fluctuations expected [26] Question: Update on sales cycles and client spending behaviors - Management highlighted a cost of living crisis affecting client spending and overall economic growth [33][34] Question: Performance of consulting and digital segments - Digital business grew 4% year over year, while consulting remained flat, reflecting larger engagements taking longer to implement [41] Question: Impact of international news on business confidence - Management expressed uncertainty about the impact of geopolitical events on business confidence, emphasizing the ongoing cost of living crisis [58][59] Question: Headcount productivity and revenue generation - Management discussed the importance of monetizing intellectual property and the scalability of their offerings [73][74] Question: Changes in leadership qualities sought by boards - Management emphasized the need for leaders who can embrace ambiguity and adapt to rapid changes in the market [50][51]

来源：美通社 上海2025年5月16日 /美通社/ -- 近日，全球领先人力资源咨询与解决方案提供商德科集团（The Adecco Group）发布2025年商业领袖研究报告——《引领人工智能时代：期望与现实（Leading in the age of AI: Expectations versus reality）》。该研究连续第二年开展，对13个国家、17个行业的2,000名企业高管 （C-Suite）展开调研，揭示尽管企业加大AI投资，但仅有10%的公司达到"未来就绪"标准，即具备支持 员工适应AI变革的结构化战略。 摘自德科集团《引领人工智能时代：期望与现实（Leading in the age of AI: Expectations versus reality）》报告 "未来就绪"（future-ready）企业的新标准 报告发现，一小部分被定义为"未来就绪"的企业正在崛起，且表现优于其他企业。基于在四个核心标准 上的发展投入，"未来就绪"企业具有以人为本、技术赋能和为变革做好准备的特点。这四个维度包括： 对AI采取结构化且可问责的管理方式；促进员工适应性和职业流动性；致力于员工技能发展；以及让 ...