Key Takeaways
- The global staffing market size was valued at USD 512.8 billion in 2022 and is expected to grow at a CAGR of 5.1% from 2023 to 2030.
- U.S. staffing industry revenue reached $189.6 billion in 2022, marking a 7% increase from the previous year.
- The temporary staffing segment accounted for 52% of the total U.S. staffing market revenue in 2022.
- U.S. staffing companies placed 18.2 million temporary and contract employees in 2022.
- 37% of U.S. employers used staffing firms for temporary help in 2023, up from 32% in 2022.
- Industrial staffing jobs accounted for 1.2 million placements in the U.S. in 2022.
- U.S. staffing industry revenue per employee averaged $285,000 in 2022.
- Gross margin for U.S. staffing firms averaged 25.8% in 2022.
- IT staffing segment generated $38 billion in U.S. revenue in 2022.
- 68% of staffing firms adopted AI-powered applicant tracking systems (ATS) by 2023.
- 45% of recruiters used AI for resume screening in 2023, reducing time-to-hire by 30%.
- Video interviewing adoption in staffing reached 72% in 2023.
- 42% of U.S. workforce is contingent, with temps making up 1.5% of total employment.
- Women represent 54% of temporary workers in the U.S. staffing industry.
- Gen Z comprises 28% of new staffing placements in 2023.
The global staffing industry is large, growing rapidly, and increasingly reliant on technology.
Demographics & Diversity
- 42% of U.S. workforce is contingent, with temps making up 1.5% of total employment.
- Women represent 54% of temporary workers in the U.S. staffing industry.
- Gen Z comprises 28% of new staffing placements in 2023.
- 35% of IT temps are from underrepresented minorities in the U.S.
- Average age of temporary workers is 38 years old globally.
- Hispanic/Latino workers account for 22% of U.S. industrial staffing placements.
- 48% of healthcare temps are nurses aged 25-34.
- Black/African American representation in office staffing is 15%.
- Immigrants make up 25% of the U.S. temp workforce.
- 29% of temps are college-educated in U.S.
- Millennials 52% of contingent workforce.
- Veterans 8% of temp hires U.S. 2023.
- LGBTQ+ representation 7% in staffing.
- Over-50 workers 19% of temps.
- Disabled workers 4% staffing hires.
- Asian workers 12% U.S. staffing.
- Rural workers 15% temp pool.
- Unionized temps 3% U.S.
- Gig workers 36% contingent.
- Part-time temps 28% workforce.
- High school grads 62% temps.
- Females in IT staffing 32%.
- Boomers retiring impact 12% shortage.
Demographics & Diversity Interpretation
Employment & Staffing Trends
- U.S. staffing companies placed 18.2 million temporary and contract employees in 2022.
- 37% of U.S. employers used staffing firms for temporary help in 2023, up from 32% in 2022.
- Industrial staffing jobs accounted for 1.2 million placements in the U.S. in 2022.
- Healthcare temporary staffing grew by 22% in 2022, representing 12% of total staffing placements.
- IT contract staffing in the U.S. saw 450,000 placements in 2023.
- 46% of temporary workers in Europe were employed in the industrial sector in 2022.
- U.S. office-clerical staffing placements declined by 5% in 2022 to 1.8 million.
- Engineering staffing firms filled 120,000 positions in the U.S. in 2023.
- Scientific staffing segment grew 15% YoY with 250,000 placements globally in 2022.
- Australia’s temp agency placements reached 1.5 million in 2022, up 10%.
- U.S. staffing employment hit 17 million in 2023.
- Temp-to-perm conversions at 22% in U.S. 2023.
- Engineering placements up 18% in 2023 U.S.
- Healthcare placements 2.1M U.S. 2023.
- IT staffing placements 520K U.S. 2023.
- Industrial jobs 38% total placements.
- Scientific placements 180K global 2022.
- Office placements down 8% 2023.
- Admin staffing 1.4M placements U.S.
- Finance placements 95K U.S. 2023.
- Transportation staffing up 12%.
- Legal placements 45K U.S. 2023.
- Hospitality staffing 850K placements.
- Construction placements up 20%.
Employment & Staffing Trends Interpretation
Market Size & Growth
- The global staffing market size was valued at USD 512.8 billion in 2022 and is expected to grow at a CAGR of 5.1% from 2023 to 2030.
- U.S. staffing industry revenue reached $189.6 billion in 2022, marking a 7% increase from the previous year.
- The temporary staffing segment accounted for 52% of the total U.S. staffing market revenue in 2022.
- Europe's staffing market grew by 8% in 2022, reaching €208 billion in total sales.
- Asia-Pacific staffing industry is projected to register the fastest CAGR of 6.8% between 2023 and 2030.
- U.S. staffing industry market share of industrial staffing was 36% in 2022.
- The contract staffing market in India grew by 15% YoY to reach INR 45,000 crore in FY2023.
- Global RPO market size was USD 7.5 billion in 2022, expected to reach USD 15.2 billion by 2030 at CAGR 9.2%.
- UK staffing sector turnover increased by 12% to £152 billion in 2022.
- Temporary help employment in the U.S. averaged 2.9 million per month in 2023.
- Global staffing market expected to reach $650 billion by 2028 at 5.5% CAGR.
- Canada staffing market $15 billion CAD in 2022, up 9%.
- Japan staffing market ¥6.5 trillion in 2022.
- Brazil staffing revenue BRL 120B 2022.
- Germany temp agency sales €35B 2022.
- France interim market €60B 2022 growth 7%.
- Australia recruitment market AUD 12B 2023.
- China staffing market RMB 800B 2022.
- Netherlands flex market €25B 2022.
- Italy staffing €20B 2022 up 10%.
- Spain ETT market €12B 2022.
- Sweden staffing SEK 100B 2022.
- Belgium interim €8B 2022 growth 5%.
- Norway staffing NOK 50B 2022.
Market Size & Growth Interpretation
Revenue & Economics
- U.S. staffing industry revenue per employee averaged $285,000 in 2022.
- Gross margin for U.S. staffing firms averaged 25.8% in 2022.
- IT staffing segment generated $38 billion in U.S. revenue in 2022.
- Average bill rate for temporary industrial workers in the U.S. was $24.50 per hour in 2023.
- Healthcare staffing revenue in the U.S. hit $30.5 billion in 2022, up 28%.
- Profit margins for large staffing firms averaged 4.2% in 2022.
- Global staffing industry profit pool was estimated at $25 billion in 2022.
- Average pay rate for U.S. temp workers was $18.75/hour in 2023.
- Office-clerical staffing revenue fell 3% to $22 billion in the U.S. in 2022.
- RPO services revenue grew 14% to $8.9 billion globally in 2022.
- Professional staffing revenue $42 billion in U.S. 2022.
- Average staffing firm EBITDA margin 5.1% 2022.
- Commercial staffing revenue $18B U.S. 2022.
- Net profit per placement $1,200 avg staffing.
- SGA expenses 8.5% of revenue staffing.
- Markup avg 45% for temps U.S.
- Revenue growth 6% mid-market firms.
- Cost per hire $4,200 avg staffing.
- EBITDA 6.2% large firms 2023.
- Bill rate growth 4.5% 2023.
- SG&A 9.2% revenue 2023.
- Profit per employee $28K avg.
- Markup industrial 42% avg.
- Net revenue growth 7.2%.
Revenue & Economics Interpretation
Technology Adoption
- 68% of staffing firms adopted AI-powered applicant tracking systems (ATS) by 2023.
- 45% of recruiters used AI for resume screening in 2023, reducing time-to-hire by 30%.
- Video interviewing adoption in staffing reached 72% in 2023.
- 55% of staffing agencies integrated CRM software with ATS in 2022.
- Blockchain for credential verification used by 12% of global staffing firms in 2023.
- Mobile recruiting apps downloaded by 40% more candidates in 2023.
- Predictive analytics for turnover prediction adopted by 35% of large recruiters.
- Chatbots handled 25% of initial candidate inquiries in staffing in 2023.
- 62% of staffing pros used LinkedIn Recruiter with AI enhancements in 2023.
- VR training for temps implemented by 18% of firms in 2023.
- 75% of staffing firms use ATS with AI matching.
- 51% recruiters use programmatic job advertising.
- 39% firms use skills ontologies in ATS.
- 67% use candidate experience platforms.
- 28% use gamification in recruiting.
- 44% ATS with diversity analytics.
- 59% use NLP for job descriptions.
- 73% mobile-optimized career sites.
- 31% AI sourcing tools.
- 52% virtual onboarding tech.
- 66% ATS integrations with LinkedIn.
- 47% predictive hiring models.
- 70% video assessments used.
- 55% automation in scheduling.
Technology Adoption Interpretation
Sources & References
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