Innovation is flourishing throughout the workforce solutions ecosystem as new entrants seek to disrupt conventional business models. Perhaps nowhere is this more evident than the wave of new “unicorns” permeating the landscape. A unicorn, of course, is not just a pretty horse with a horn; it’s a term used to refer to startups that have […]
As 2021 was winding down, the US IT temporary staffing sector was on pace to exit it on a high note. SIA’s US Staffing Industry Pulse Survey covering October data — the most recent available as of this writing — showed a promising 15% year-over-year aggregate growth. Also encouraging was the 21% year-over-year growth for […]
Transformative developments lead to a consolidating IT staffing market
The Herfindahl-Hirschman Index, or HHI, is a widely accepted measure of market concentration. Its calculation is
simply the sum of the square market shares for each firm of a market, typically limited to the 50 largest companies. A market with an HHI of less than 1,500 is considered […]
Demand for temporary IT staffing is on the rise as suppliers benefit from numerous secular trends. For example, not only is IT spending growth accelerating, but the faster pace of technological innovation is fueling business requirements for more shortterm projects involving more specialized skill sets.
On the other hand, the supply of available IT talent in […]
The Art of War, a fifth century Chinese military treatise attributed to military strategist Sun Tzu, has been quoted often in contemporary business. “If you know your enemy and know yourself, you need not fear the results of a hundred battles.” This quote resonates with the importance of benchmarking particularly well. Fast forward to 2017.
Today, […]
