You can only download this statistic as a Premium user. Chart. While there’s a plethora of technology that can help lower cost per hire, video interviewing is one of the “low hanging fruits” of placing talent faster and more cost-effectively. Then you can access your favorite statistics via the star in the header. Coming into 2020, US staffing industry revenue was projected to rise by 3% to reach $156.2 billion in 2020. Due to the coronavirus outbreak, this segment is … US staffing industry expected to reach $157.8 billion next year . Staffing industry professionals have high hopes for 2019. is proud to sponsor and present this year’s State of the Staffing Industry Growth Benchmarking Report. and over 1 Mio. We’d love to hear your opinions/takeaways. 1270 Eagan Industrial Road You’re in the right place! A paid subscription is required for full access. In short: Lower your cost per hire by trying out video interviewing. If you prefer to read the actual report vs our synopsis of it, please feel free to download the entire 2019 State of Staffing Industry Growth Report. Number of merger and acquisition deals in the staffing industry in 2019, by sector [Graph]. Please create an employee account to be able to mark statistics as favorites. Please authenticate by going to "My account" → "Administration". Referral programs and LinkedIn ranked as the top recruiting tactics with the highest ROI”, remain king, word of mouth and incentive programs are tried and true ways to bring, but they are also some of the easiest to measure. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor... Sets out the most important staffing trends for 2019, Includes the global economy, Technology/automation and Skills shortage, Legislation, the Gig economy and the rise of Asia. Talent is more informed than ever before, which means word of mouth marketing and reputation management are becoming increasingly important. If you prefer to read the actual report vs our synopsis of it, please feel free to, 2019 State of Staffing Industry Growth Report, Our takeaway: This isn’t too surprising considering the record low unemployment rate and the fact that there are currently more jobs than job seekers. With the pandemic, the industry faces a decline this year of 17%, according to one scenario s (January 31, 2020). Bonus: Check out this one-minute video interviewing overview clip that shows a practical example of how texting and video interviewing drives efficiency in the recruiting process. You need at least a Single Account to use this feature. "Number of merger and acquisition deals in the staffing industry in 2019, by sector." “Fewer firms expect to see fast growth this year, just 21% compared to the 2018 high of 36%”. but it’s also important that you can accurately track them. We’d love to hear your opinions/takeaways. Statista. As a Premium user you get access to background information and details about the release of this statistic. * All products require an annual contract; Prices do not include sales tax. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook the lowest cost per hire, while Management –level and IT staffing saw the highest”, Our takeaway – Again, these statistics aren’t too surprising, especially since IT staffing and recruiting firms generally have a higher cost per hire than clerical/light industrial firms. They are: Keeping these three themes in mind, let’s look at three specific findings that relate to staffing industry growth projections in 2019 from technology. This report aims to answer one question, “What technology choices drive growth and what doesn’t in the staffing industry?”. The ideal entry-level account for individual users. To start, live video interviews are 6X faster than phone interviews and more than half of candidates actually prefer live video interviews while only 34% prefer in-person. As competition for talent tightens, the human touch matters more than ever. If you are already a member, please Sign In. Log in or create a user account to rate this page. This information can only be accessed by qualified members. Download a zipped file with our logo in PNG and EPS formats. Staffing firms, focus on speed more than anything in order to achieve growth. Learn more about how Statista can support your business. Our takeaway: This isn’t too surprising considering the record low unemployment rate and the fact that there are currently more jobs than job seekers. If you’re unsure how to measure ROI on your various marketing tactics, give our blog, How to Measure ROI on Recruitment Marketing, a quick read. That’s speed at finding qualified employees and speed at placing them in a suitable job. According to the report, one of the key opportunities to achieve speed is to “capitalizing on the latest technology and leveraging AI to quicken the recruiting lifecycle.” While that sounds a lot easier said than done, leveraging the right recruitment technology can have a significant impact on finding the right candidates, especially passive candidates. Many of the marketing related tactics like Facebook, AdWords and email are fantastic methods to bring in revenue but. Feel free (literally, it’s free!) We’ll dive into the data and offer our opinion. Looking forward, year-over-year staffing job growth and market size is expected to slightly slow down in 2019 and 2020. In 2019, the market size of the U.S. temporary staffing segment was 130.7 billion U.S. dollars. GDP growth for 2019 sits between 2.2%-2.3%, while staffing industry growth sits at 3.4%.2 “Referral programs and LinkedIn ranked as the top recruiting tactics with the highest ROI”. facts. We’ll dive into the data and offer our opinion. The staffing industry has been growing faster than the economy. We’ll dive into the data and offer our opinion. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Research expert covering aviation, aircraft , rail and train manufacturing and the logistics industry, Profit from additional features with an Employee Account. Register in seconds and access exclusive features. Sets out the most important staffing trends for 2019 Includes the global economy, Technology/automation and Skills shortage Legislation, the Gig economy and the rise of Asia "Number of Merger and Acquisition Deals in The Staffing Industry in 2019, by Sector. Please do not hesitate to contact me. Directly accessible data for 170 industries from 50 countries Recruiting pros are especially bullish on their revenue outlook for the year ahead, with 79 percent expecting revenue to increase in 2019. Covid-19 turned the world upside down. Profit from additional features by authenticating your Admin account. In short: Harnessing the right sourcing software can boost fast growth, “Office/Clerical and Industrial staffing saw the lowest cost per hire, while Management –level and IT staffing saw the highest”. “What technology choices drive growth and what doesn’t in the staffing industry?”. In, Duff & Phelps. Duff & Phelps. At the same time, some indicators and developments – such as sharply higher stock-market volatility and friction over tariffs and trade – are pointing to greater uncertainty for staffing in 2019. According to the report, one of the key opportunities to achieve speed is to “capitalizing on the latest technology and leveraging AI to quicken the recruiting lifecycle.”. To start, live video interviews are. Avionté is a leader in enterprise staffing and recruiting software solutions, offering innovative end-to-end staffing solutions to over 900 customers and 25,000 users throughout the U.S. and Canada. This feature is limited to our corporate solutions. After connecting with 188 staffing industry professionals and gathering a comprehensive list of insights. That’s speed at finding qualified employees and speed at placing them in a suitable job. You have already rated this page, you can only rate it once! You need a Single Account for unlimited access. to accurately track. SIA is the Global Advisor on Staffing and Workforce Solutions. If you need information about becoming a member, please call us or email us at email@example.com. Corporate solution including all features. Curious to explore what strategies, recruitment technology, tools and tactics support staffing growth in 2019 & beyond? Fast-growth firms are automating repetitive tasks to give their recruiters time to build meaningful relationships. Current Members Sign In | Become a Member Now, Staffing Conferences | Staffing Webinars | Corporate Membership, Buyer Conferences | Buyer Webinars | CWS Council Membership, Copyright ©2020 Crain Communications Inc | Privacy | Sitemap, Introduction to Employee Referral Platforms, Online Job Advertising: 2020 Market Update, Disaster Recovery Business Process Continuity Guidance for Staffing Firms, COVID 19 Impact Assessment on the Workforce Solutions Ecosystem, From automation to skills shortages: How eight trends will impact staffing industry this year, Strong economy, strong staffing market; eight trends affecting staffing. You only have access to basic statistics. live video interviews while only 34% prefer in-person. Founded in 1989, Staffing Industry Analysts is the global advisor on staffing and workforce solutions. Your rating has been changed, thanks for rating! We surveyed more than 2,000 staffing leaders worldwide for their thoughts on the industry and the trends that are impacting it as part of our Global Recruitment Insights and Data (GRID) research. Our takeaway – Again, these statistics aren’t too surprising, especially since IT staffing and recruiting firms generally have a higher cost per hire than clerical/light industrial firms. New, Everything you need to know about the industry development, Find studies from all around the internet. New, Figures and insights about the advertising and media world, Industry Outlook Suite 150 Eagan, MN 55121. ", Duff & Phelps, Number of merger and acquisition deals in the staffing industry in 2019, by sector Statista, https://www.statista.com/statistics/789227/mergers-and-acquisitions-staffing-industry-worldwide-sector/ (last visited October 27, 2020), Number of merger and acquisition deals in the staffing industry in 2019, by sector, Revenue of global staffing industry 2008-2020, Annual sales revenue of the staffing industry worldwide by sector 2018, Forecasted market growth of the staffing industry by country 2019-2020, Agency work industry sales revenue in selected countries worldwide 2018, Global agency work penetration rates in selected countries 2018, Operating income of Adecco Group worldwide 2007-2019, Distribution of Adecco Group's revenue worldwide 2019, by region or country, Revenue of Adecco Group worldwide by business line 2009-2019, Number of full-time equivalent employees of Adecco Group worldwide 2006-2019, Market share of the largest staffing firms in the United States 2018, Revenue of Manpower Group worldwide 2006-2019, Revenue of Manpower Group worldwide by region or segment 2011-2019, Number of Manpower Group offices worldwide 2006-2019, Distribution of Randstad's revenue worldwide by region or country 2019, Distribution of Randstad's revenue worldwide by service line 2019, Randstad's staffing revenue worldwide by region or country 2019, M&A's in the staffing industry worldwide 2007-2019, Temporary and contract staffing sales in the U.S. 2002-2019, U.S. average daily employment of temporary staff 2012, Staffing industry revenue worldwide by country 2017, North American staffing firms: ramp-up time of new hires 2017, Share of Canadian staffing managers by marketing tools they found effective 2015, Forecasted market growth of the global staffing industry 2019-2020, Number of new employment companies in the Netherlands 2007-2016, Most essential recruiting trends according to Canadian staffing managers in 2015, Distribution of new employment companies in the Netherlands 2016, by type, Use of online staffing platforms in North America 2012-2017, Recruitment firms quality hiring sources worldwide 2015, Expected developments on the employment placement market in the Netherlands 2017, Familiarity with online staffing platforms Americas 2012-2017, Recruitment firms leading sources for high quantity of candidates 2015, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.
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