The largest operating expense for staffing companies is the remuneration paid to their staff, as is this case for most professional services firms. Total personnel expense for US staffing firms ranges from 52% to 56% of gross profit dollars, according to recent rounds of Staffing Industry Analysts’ SIBC benchmarking study. Avoiding systemic overpayment is thus […]
Staffing Industry Analysts measures many different facets of the workforce solutions ecosystem — from staffing firms to job boards to managed service providers and vendor management systems. It takes a huge collective effort to put these various estimates and forecasts together and, given differences in reporting formats, it’s only once the year comes to an […]
Believe it or not, it’s been more than seven years since the passage of the Patient Protection and Affordable Care Act, known as the ACA, and after a slow start, it’s been quite a ride for healthcare staffing. In 2015 and 2016, the healthcare staffing market grew by double digits as an influx of newly […]
Staffing Industry Analysts’ first UK Engineering Report — released earlier this year and available to European or global corporate members — underscores the importance of engineering to the workforce solutions ecosystem, employment and to the overall economy in the UK. SIA estimates the UK engineering staffing market accounts for just under a third of the […]
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, […]
In today’s uncertain economic environment, executives want insight on how revenue growth trends and what the outlook is. The SIA’s Pulse survey, produced by the publisher of this magazine, provides both a snapshot of current industry conditions as well as leading indicators, such as trends in new orders, on a timely monthly basis.
Growth: Revenue & Employment
According to the Pulse survey, median revenue growth has […]
Merger and acquisition activity in the North American staffing market in 2016 was essentially in-line with the number of deals reported in 2013 and 2014, but fell 25% year over year. The 69 publicly announced transactions last year declined from 92 in 2015, which had been the most active year in staffing M&A since prior […]
A report published in the UK by Lancaster University’s Work Foundation predicts a tipping point will be reached next year where flexible working will become more common than working from an office.
While flexible working is on the rise, governments and organizations such as the International Labour Organisation are increasingly concerned by the prevalence of disguised […]
The US manufacturing sector continues to be an important pillar of the US economy, as well as a large buyer of staffing services — to the tune of more than $20 billion dollars each year. This article examines the latest government data to identify growth trends in the sector as a whole, as well as […]
Like many other industries, the staffing industry is subject to global pressures. Clients expect more and more from their suppliers but want to pay less. At the same time, a number of low-cost disrupters have emerged in the human cloud to challenge the traditional staffing model. Therefore, many staffing firms have looked at the potential […]
