Industry Potential
Industry Potential
The staffing industry is a booming market that stays profitable even through economic recessions employing approximately 16 million people a year. The industry is set to continue to rise over the next decade. This 168-billion-dollar industry still only accounts for 2 to 3 percent of the workforce.
Temporary and contract staffing sales totaled $144.2 billion in 2021, according to the latest annual data from the ASA Staffing Employment and Sales Survey, increasing 17.9% from 2020 as the economy continued recovering from the 2020 recession amid an ongoing pandemic.
Search and placement sales rose 31.6% in 2021, according to Staffing Industry Analysts. Applying SIA’s annual growth estimates to the most recently released 2017 U.S. Economic Census indicates that search and placement sales totaled $23.4 billion in 2021.
Combining temporary and contract staffing with search and placement services, U.S. staffing industry sales totaled $167.6 billion in 2021, 19.7% more than in 2020. Search and placement sales accounted for 13.9% of total staffing and recruiting industry sales in 2021.” Source American Staffing Association
And closer to home, here are the recent performances of 3 companies that use(d) Crucial Link’s proprietary C.L.O.S.