Key Takeaways
- The global staffing industry market size reached $512.4 billion in 2022, growing at a CAGR of 5.2% from 2017-2022.
- In the US, staffing firms filled 16.2 million jobs in 2022, representing 10% of the workforce.
- The contingent workforce in Europe accounted for 25% of total employment in 2023.
- 45% of staffing revenue comes from manufacturing supply chain roles globally.
- 65% of candidates are sourced via online job boards in staffing supply chains.
- Average time-to-fill for supply chain roles is 28 days in staffing.
- Average placement rate for screened supply chain candidates: 68%.
- Supply chain staffing utilization rate averages 92%.
- Billable hours per supply chain temp: 1,800 annually.
- 45% of staffing firms use AI for matching supply chain roles.
- VMS adoption in supply chain staffing: 72%.
- Blockchain for credential verification used by 18% of firms.
- 62% of firms cite talent shortages as top supply chain challenge.
- Supply chain disruptions increased staffing volatility by 35% in 2022.
- Regulatory compliance costs rose 18% for staffing firms.
Staffing agencies are essential for resilient supply chains worldwide, filling millions of crucial roles.
Challenges and Trends
- 62% of firms cite talent shortages as top supply chain challenge.
- Supply chain disruptions increased staffing volatility by 35% in 2022.
- Regulatory compliance costs rose 18% for staffing firms.
- Gig economy erosion affects 25% of temp supply.
- Inflation impacted margins by 12% in 2023.
- Skills gap in logistics: 50% of roles unfilled >30 days.
- DEI mandates challenge 40% of sourcing pipelines.
- Remote work trends reduced on-site supply by 28%.
- Geopolitical risks delay 15% of international placements.
- Sustainability reporting required by 55% of clients.
- Cybersecurity threats rose 40% in staffing platforms.
- Aging workforce: 25% retirement risk in supply chain.
- Unionization efforts impact 10% of temp pools.
- Post-Brexit sourcing costs up 22% in UK.
- Climate events disrupt 8% of seasonal staffing.
Challenges and Trends Interpretation
Market Overview
- The global staffing industry market size reached $512.4 billion in 2022, growing at a CAGR of 5.2% from 2017-2022.
- In the US, staffing firms filled 16.2 million jobs in 2022, representing 10% of the workforce.
- The contingent workforce in Europe accounted for 25% of total employment in 2023.
- Asia-Pacific staffing market grew by 7.8% YoY in 2022, driven by manufacturing supply chains.
- Temporary staffing segment represents 40% of total staffing revenue globally.
- US staffing industry revenue hit $185 billion in 2022.
- IT staffing subsector grew 12% in 2023 due to digital transformation needs.
- Healthcare staffing demand surged 25% post-COVID in 2022.
- Industrial staffing comprises 30% of US staffing placements.
- Global staffing penetration rate averages 2.5% of GDP.
- 70% of Fortune 500 companies use staffing firms for supply chain roles.
- Staffing industry employment multiplier effect creates 3.5 additional jobs per staffing job.
- UK staffing market valued at £152 billion in 2022.
- Australian staffing revenue reached AUD 50 billion in 2023.
- Canadian staffing industry grew 6.5% in 2022.
- Brazil staffing market expanded 8% YoY amid supply chain disruptions.
- India staffing industry hit INR 50,000 crore in FY2022.
- South Africa temporary staffing grew 15% in 2023.
- Mexico staffing firms placed 1.2 million workers in 2022.
- Japan staffing market size was JPY 5.5 trillion in 2022.
Market Overview Interpretation
Operational Efficiency
- Average placement rate for screened supply chain candidates: 68%.
- Supply chain staffing utilization rate averages 92%.
- Billable hours per supply chain temp: 1,800 annually.
- On-time deployment for supply chain roles: 94%.
- Turnover rate in first 90 days for supply chain temps: 22%.
- Compliance rate in supply chain staffing: 98%.
- Average gross margin for supply chain staffing: 25.4%.
- Cycle time from order to placement: 7.2 days.
- Fill rate for peak season supply chain: 97%.
- Overtime usage in supply chain temps: 15% of hours.
- Client satisfaction score for supply chain staffing: 4.6/5.
- Absenteeism rate for supply chain workers: 4.1%.
- Training hours per supply chain temp: 24 annually.
- Cost savings from staffing vs. direct hire: 40%.
- Productivity index for temps vs. perm: 95%.
- Error rate in supply chain deployments: 1.2%.
- Scalability index: 300% workforce surge capacity.
- Vendor consolidation reduced suppliers by 35%.
- Onboarding time for supply chain: 48 hours.
- Re-deployment rate for supply chain temps: 62%.
Operational Efficiency Interpretation
Sourcing and Supply
- 45% of staffing revenue comes from manufacturing supply chain roles globally.
- 65% of candidates are sourced via online job boards in staffing supply chains.
- Average time-to-fill for supply chain roles is 28 days in staffing.
- 40% of temp workers in supply chain come from internal talent pools.
- Social media sourcing yields 22% of high-quality supply chain candidates.
- 55% of staffing firms report candidate shortages in logistics supply chains.
- Referral sourcing accounts for 35% of supply chain placements.
- 75% of supply chain temps are sourced within 50 miles of job site.
- Vendor Management Systems (VMS) used by 60% of firms for candidate supply.
- 28% increase in sourcing from gig platforms for supply chain in 2023.
- Diversity sourcing: 42% women in supply chain staffing pools.
- Average sourcing cost per supply chain candidate: $1,200.
- 52% of supply chain roles filled via staffing agencies vs. direct hire.
- Passive candidate sourcing rose 18% using AI tools in 2023.
- 67% of logistics supply from underrepresented groups targeted.
- Global sourcing: 15% of supply chain staff from international pools.
- Cost per hire for supply chain temps: 20% lower than perm.
- 80% of staffing firms use ATS for supply chain candidate pipelines.
- Yield rate from sourcing: 12% for supply chain roles.
- 90-day fill rate for urgent supply chain needs: 85%.
Sourcing and Supply Interpretation
Technology and Innovation
- 45% of staffing firms use AI for matching supply chain roles.
- VMS adoption in supply chain staffing: 72%.
- Blockchain for credential verification used by 18% of firms.
- Predictive analytics forecast 85% accuracy for demand.
- Mobile apps for temp shifts adopted by 60%.
- RPA automates 40% of admin in staffing supply chains.
- IoT for worker tracking in warehouses: 55% usage.
- Cloud-based ATS reduces sourcing time by 30%.
- Big data analytics improves fill rates by 25%.
- VR training for supply chain roles: 12% adoption.
- Chatbots handle 70% of initial candidate screening.
- API integrations between VMS and ATS: 80%.
- AI bias reduction tools used by 35% of agencies.
- Digital twins for supply chain workforce planning: 8%.
- 5G enables real-time tracking for 22% of mobile staff.
- Gamification boosts engagement by 40% in sourcing.
- Cybersecurity incidents in staffing platforms: down 50% post-tech upgrades.
- Low-code platforms speed custom VMS by 60%.
- Edge computing for on-site staffing decisions: 15%.
- NFTs for temp worker credentials piloted by 2%.
- Quantum computing trials for optimization: 1%.
Technology and Innovation Interpretation
Sources & References
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