We include snippets from Staffing Industry Analysts research to focus on trends that shape and grow your business. Corporate members have access to the full reports online.
IT in healthcare emerges as a line of business
Healthcare and social assistance in the US has expanded to a $1.5 trillion industry, accounting for 7.5% of US gross domestic product. US IT staffing firms derive $2.6 billion in revenue from healthcare; direct hire comprises $300 million.
IT typically has been seen as an expense for healthcare facilities as they strove to gain compliance with electronic health record requirements. Having achieved “meaningful use,” IT budgets are now shifting to strategic revenue-generating and cost-efficiency initiatives.
Among the hottest trends in healthcare IT staffing are revenue cycle management and integration architects. Interest in EHR implementation is waning, due to the previously noted compliance having been achieved.
Robust marketing budgets drive US market growth
The global marketing/creative temporary staffing market was $3.4 billion in 2017, with growth for 2018 pegged at 11.2%. North America accounts for a sizable 42% of the market overall.
It’s all about the budgets, as companies have boosted their marketing budgets significantly; marketing comprised 11.2% of company budgets in 2018, representing 7.5% growth in spend over 2017.
Tightening GDP growth drags Canadian recruitment market
The Canadian staffing market is forecast to reach C$9.7 billion by the end of 2019 on growth of 3% in both 2018 and 2019. Growth slowed from 2017, which posted gains of 6%; a deceleration in GDP to 2.1% in 2018 hastened the slowdown.
The report examines the energy sector, minimum wage increases, and employment trends in the country’s four largest provinces.