GITNUX MARKETDATA REPORT 2024

Must-Know Staffing Industry Statistics [Current Data]

In this post, we will explore a comprehensive set of statistics surrounding the staffing industry, offering insights into key trends, market dynamics, and the future outlook for staffing and recruitment professionals. From the rise of global giants to the growth projections by region, these statistics paint a vivid picture of an industry in constant evolution. Join us as we delve into the numbers that shape the landscape of staffing today.

Statistic 1

"50% of staffing and recruitment professionals believe that operating budget and technology investment will increase in the next few years."

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Statistic 2

"The agency work sector of the global staffing industry was the largest sector in 2020, making up 98% of the total revenue."

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Statistic 3

"Randstad became the largest staffing company in the world in 2020, surpassing Adecco, which was the largest one in 2019."

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Statistic 4

"50% of staffing and recruitment professionals believe that operating budget and technology investment will increase in the next few years."

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Statistic 5

"M&A activity in the staffing industry increased in 2021, registering the highest number of deals (177) in the sector."

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Statistic 6

"The global staffing industry is predicted to grow at a compound annual growth rate (CAGR) of 6% between 2021 and 2025."

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Statistic 7

"The US staffing industry generated approximately $152 billion in revenue in 2020."

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Statistic 8

"The Asia-Pacific region is expected to be the fastest-growing market for the staffing industry from 2021 to 2027."

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Statistic 9

"The healthcare market segment represented 12% of the US staffing industry’s revenue in 2020."

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Statistic 10

"90% of businesses worldwide use some form of temporary staffing services."

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Statistic 11

"The penetration rate of temporary workers supplied by staffing agencies in the US labor market was about 2.0% in 2020."

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Statistic 12

"The average tenure of temporary and contract employees in the US in 2019 was 10.8 weeks."

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Statistic 13

"33% of US-based Fortune 100 companies use recruitment agencies for executive search."

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Statistic 14

"56% of staffing agencies provide general services, while 44% are specialized in specific sectors."

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Statistic 15

"In 2019, 15 million US employees worked as temporary and contract workers."

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Statistic 16

"In 2019, an estimated 49,000 staffing agencies operated in the United States."

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Statistic 17

"Approximately 89% of US companies use staffing agencies to find executive-level talent."

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Statistic 18

"Staffing firms in the US had a 63% fill rate for temporary and contract worker assignments in 2019."

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Statistic 19

"The global online recruitment market in the staffing industry was valued at $28.68 billion in 2019 and is projected to reach $34.49 billion by 2026."

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In conclusion, the staffing industry is experiencing significant growth and evolution, with increasing investments in technology and operating budgets anticipated in the coming years. The dominance of agency work in generating revenue showcases the importance of this sector. Notably, Randstad’s rise to become the largest staffing company globally highlights the dynamic nature of the industry. With M&A activity on the rise and a predicted growth rate in the global staffing industry, various regions, such as the Asia-Pacific area, are poised for substantial expansion. The prevalence of temporary staffing services worldwide, combined with specific market segment trends and high fill rates, indicates a thriving and adaptable industry landscape.

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