The staffing Industry is projected to be the fifth fastest growing industry over the next 10 years.
Fact:
- Over 90% of North American businesses use staffing services
Industry Growth
For the third decade in a row, the staffing industry has been one of the fastest growing industries. Following a decade of double-digit growth, the industry continues to be strong and is "ideally situated to provide creative accessibility to entrepreneurs, employers and job seekers in this fast paced, service-oriented, knowledge based economy." *
Internet recruiting is still in its infant stage... but it is obviously the trend of the future.
Industry Trends
250% Workforce Growth
The new economy includes the paradox of layoffs and new job creation. The workforce is churning. AMA reports that 70% of the layoffs are a result of restructuring and reengineering. In this new economy, the staffing industry is increasingly providing a bridge to fulltime employment and a safety net for those who have been affected by layoffs. The temporary workforce has grown 2 and 1/2 times for the second decade in a row.*
300% Revenue Growth
Revenue has more than tripled in the past decade. This growth follows a decade of quadrupled revenues.
Applicants Are Everywhere
Studies show that over 80% of employed individuals are unhappy with their current job and most are actively seeking or open to finding a new position.
Why does a company use this type of service?
Internet recruiting is significantly cheaper than traditional recruitment sources such as agencies and headhunting. In addition employer save a great deal of time and are required to contribute less resources to the screening and hiring of each candidate.
* Source: American Staffing Association
