Do you know, the Staffing Industry is one of the largest industries in the world and offers employment opportunities to a few million people yearly, not only in the USA, but across the world?
Would you like to grow a successful career in the same field?
Are you aware of the interesting facts about the recruitment industry?
The past decade has witnessed a steady rise in the growth of Staffing services in the USA. The recruitment industry is one of the largest and varied industries than people realize it to be. For the past couple of years or so, with its ever-increasing growth and different challenges all throughout, it has seen the evolution of interesting staffing trends. The USA staffing industry grew by 4% in the last year and was expected to reach a record of about $153.5 billion. The Staffing Industry Analysts’ Report stated that the staffing industry, which is almost about $466 billion worldwide, had generated about $ 466 billion in the year 2017. Out of the total revenue generated, the USA contributed 31% of the revenue, while Japan and the UK contributed about 17% and 9% respectively. 2019 witnessed a growth of 6% in the total revenue generation in the staffing industry.
Offering employment opportunities to about 1.5 million people in a year, it has been facing a tremendous issue of labor shortage, mainly because of attracting and employing skilled and talented employees. However, despite the challenges, the staffing industry with the various recruitment agencies has been growing nonetheless.
Understanding the Facts about the Staffing Industry
There have been a lot of facts that people are still unaware of regarding the ever-evolving Staffing Industry.
Listing below some of the facts about the Staffing Industry that would provide you with an opportunity to think of a career in the recruitment industry.
Staffing Agencies are not so Recent
The Staffing Industry, which is one of the most evolving industries in the world, is not a recent affair. Staffing Agencies have been present since the time of World War II, in the 1940s, when people left their jobs to join the military for war. It led to the increased demand for a talented and skilled workforce and job vacancies, which finally resulted in the opening of staffing agencies. After the 1960s, the industry started growing and evolved into a new industry with no limitations in temporary staffing agencies of Staffing. At present, there are innumerable Staffing industries placing workers in various industries and in a variety of types of work- temporary, permanent, and contractual.
The Staffing Industry is quite large and is continuing to grow
The staffing industry is one of the fastest-growing B2B industries in the world. More than 20,000 companies are offering Staffing Services in the USA. Although only around 100 companies have been generating a revenue of more than $100 million, the rest are below it. The present world has witnessed a steady rise in staffing agencies and the evolution of the staffing industry. Hence, with the increase in the contingent workforce and increase in the growth of staffing agencies, more people are getting placed in different industries based on their desired skills.
The Staffing Industry is linked with almost all other industries for providing workforce
The Staffing Industry helps bring employers and skilled candidates together and provides job opportunities for job seekers. As a result, the staffing industry serves almost every other industry with skilled workforce labor. From administrative and clerical jobs to managerial and healthcare professionals, and even engineers and IT staff, staffing services help talented and skilled candidates get into different industries
Employees recruited through Staffing Agencies are relatively high-skilled and experienced
The Staffing Agencies help their clients, the employers of different organizations, to find the skilled and best-suited employees from the candidates and job seekers associated with them. Their job seekers enlist their names in the agencies not because they lack skills or under underqualified but simply because of better job selection opportunities, negotiation help, and high pay, and for many other advantages. Most of the staffing agencies seek qualified and skilled candidates to help employers get the best and top-notch candidates for their organizations.
Staffing Agencies assist in Permanent Job Placements
Although Staffing Agencies at times assist in getting temporary jobs and often act as temporary agencies, people often detest this disadvantage of the recruitment agencies. However, the ones with temporary job experiences often land them in getting more job opportunities, and at times with permanent ones. In fact, according to the reports of the American Staffing Association, nine out of 10 employees of the staffing industry are of the opinion that their temporary jobs helped them to be more employable. While a third of individuals from the staffing industries were offered permanent jobs.
With the ever-growing importance of the staffing industry, it is expected that 77% of present-day clients have plans to increase their usage of recruiting and staffing companies in the coming years. It is mainly because of their successful experience with the staffing firms. Therefore, the millennial clients are gradually shifting to the staffing industry for the recruitment process, which is helping the staffing industry evolve further.
Synergie Systems is a US-based Staffing agency that offers the best skilled and well-suited candidates for every industry. With an easy and strategic recruitment process, it helps its clients to get top-notch employees.
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