Ework strengthens its position as market leader
In 2021, Ework Group further developed its leading position in the consultant market. Access to skills is one of the most critical issues of our age, and Ework Group is a player that offers tangible solutions. We continue to win market shares, and an increasing proportion of our net sales comes from assignments where we match consultants to clients’ needs.
Ework Group is a company close to my heart that has been an important partner to many of the businesses where I have worked in recent decades. As newly appointed CEO of Ework Group, I look forward to helping our clients with one of the most important challenges of our time: finding the right professionals with the right skills at the right time.
While 2020 was dominated by pandemic-related uncertainty, 2021 turned into a year of strong recovery. We finished the fourth quarter with record levels for several key indicators, such as net sales, consultants on assignment and operating profit.
This success is underpinned by hard work and considerable investments over many years. Thanks to extensive experience, efficient services and a broad network of consultants with a wealth of skills in relevant areas, we have been able to help our clients with their needs, in good as well as challenging times.
During the pandemic, when both public and private sectors were forced to switch to increased remote working, Ework Group was well prepared. Thanks to our Verama platform, we are able to offer clients a more digitalized process for skills supply. This has made it easier to find the right professionals and meet the challenges that accompany rapid change.
Skills shortage has been a focus issue for a long time in the tech sector. According to a study by TechSverige, in just a couple of years, 2024, the lack of tech professionals in Sweden is expected to amount to 70,000 people, unless specific action is taken. Ework Group is part of the solution, and our mission is clear; we must continue to attract professionals to our client assignments and strive to ensure that more organizations discover all the skills we can provide through our vast network of consultants.
Another important aspect of digitalisation is the future of work. How and from where will we be working? And how should employers and workforce best adapt to the new conditions? Ework Group leads the way also in this area. Since the first Coronavirus outbreak, digitalization has accelerated by several years, and we see an increasing interest in working more independently and remotely. Hybrid- and remote work is a clear labour market trend that is evident in many parts of the world, and more professionals choose their assignments on this basis. It creates an opportunity for us and our clients to bring in consultants from various locations in a different way than before. The experience from the pandemic has proven that it works extremely well.
During the fourth quarter, we made a major effort to increase our visibility in the market, which resulted in a record number of consultants registering in the Verama portal. Karin Schreil, CEO, Ework Group.
One key tool in our efforts to deepen client relations is the Verama platform, which was launched in 2020. In Verama, clients can source consultants from thousands of different suppliers, while consultants have access to assignment requests from many different clients in one single place. During the fourth quarter, we made a major effort to increase our visibility in the market, which resulted in a record number of consultants registering in the Verama platform.
Today, Ework Group has more consultants than ever with our clients. During the fourth quarter, we reached 11,827 consultants on assignment, which is an increase by almost 1,800 compared to 2020. We see a continued high demand for consultants in our focus areas: IT, Tech and R&D. As societies and businesses re-opened after the pandemic, we experienced a boom. Many projects and initiatives that organizations had been forced to put on hold were restarted simultaneously at full speed.
An increasing proportion of net sales derives from assignments in which we find and match consultants to clients’ needs. Ework Group strives to deliver high value to our clients’ businesses and an example of this is our Managed Services offering, where Ework provides comprehensive procurement solutions for consultant supply. This means that we assume full responsibility for sourcing, contracting, follow-up and optimization of designated consultants and consultants that we match against specific needs.
It is our goal that clients shall view Ework Group as a partner and an enabler of success, all based on the needs of the business. Clients shall be able to rely on us in good as well as challenging times. An example of such a partnership is our collaboration with fast growing WirelessCar, where Ework partners with the business to enable supply of the right skills at the right time, thereby contributing to the realization of business plans as well as day-to-day operations.
By combining our extensive experience and efficient services with the benefits of our digital platform Verama, we see good potential for continued growth and scalability in our core business. I have good hopes that we will grow even stronger in 2022 and report improved profitability at the end of the year.
Clients, consultants & employees
The collaboration with Aurobay is a little bit broader and a little bit tougher than other collaborations. That’s how Erik Degerman at Ework Group sees it.
To grow fast, Aurobay depends on consultants, and needs often arise at short notice. The solution from Ework Group meets all requirements and makes the company ready for the future.