Have you ever thought about how the staffing industry works? There is a lot more to it than just placing people in their ideal jobs or offering temp services. You may find yourself surprised by the amount of information out there surrounding this field and the countless ways it’s continually evolving. From small mom-and-pop staffing shops to tech-driven businesses, today’s staffing industry isn’t what it used to be – and that has opened up some unique opportunities for clients and candidates alike.
In this blog post, we will explore 5 surprising facts about the staffing industry. Read on to find out what makes this sector so fascinating!
The staffing industry contributes over $160 billion to the U.S. economy every year
The staffing industry is a major player in the U.S. economy, contributing over $160 billion every year. This industry is responsible for connecting millions of job seekers with employment opportunities, and it plays a vital role in helping companies meet their staffing needs. By providing temporary, permanent, and contract workers across a wide range of industries, staffing firms have become a crucial component of the labor market.
From healthcare and technology to finance and manufacturing, staffing agencies help businesses find the talent they need to succeed. It’s clear that this industry is making a significant economic impact, and its importance is only expected to grow in the coming years.
Over 14.5 million temporary and contract workers are employed in the United States alone
During the course of a year, staffing companies in the United States hire over 14.5 million temporary and contract employees. These employees play an integral role in the changing landscape of the job market. They offer businesses both flexibility and cost-effectiveness, and provide workers with much-needed opportunities to gain experience and knowledge across multiple industries.
The benefits of temporary work are evidenced by the diverse pool of candidates who choose it as a career. With so many individuals exploring the world of contract work, there is no doubt that temping has become an important part of the United States workforce.
In the U.S., there Are about 25,000 staffing and recruiting companies
Prior to the pandemic, the staffing and recruiting industry in the United States showcased remarkable growth and diversity. With approximately 25,000 companies operating across the nation, these firms collectively maintained a staggering number of around 49,000 offices. This thriving landscape of staffing and recruiting companies played a vital role in connecting job seekers with employment opportunities, contributing significantly to the country’s workforce.
94% of professional recruiters use social media to network
In today’s digital age, social media has become an indispensable tool for professionals across various industries, and the recruitment sector is no exception. Surveys have revealed that an overwhelming 94% of professional recruiters now utilize social media platforms as an essential part of their networking strategy.
These platforms offer recruiters a unique opportunity to connect with potential candidates, expand their professional networks, and gain valuable insights into the ever-evolving job market. With the ability to showcase job openings, engage with passive candidates, and build meaningful relationships, social media has revolutionized the way recruiters approach talent acquisition.
From LinkedIn, the go-to platform for professional networking, to Twitter and Facebook, recruiters have recognized the immense value that social media brings to their recruitment efforts, enabling them to stay ahead in the competitive world of talent acquisition.
73% of Temporary Employees Work Full-Time
Temporary employment has become increasingly common in today’s workforce, offering flexibility and diverse opportunities for individuals seeking temporary placements. Interestingly, recent studies have shown that a significant portion of temporary employees actually work full-time hours. In fact, an astonishing 73% of temporary workers are engaged in full-time work. This statistic highlights the evolving nature of temporary employment, with many individuals finding stable and substantial work within this sector.
Whether it be for a limited duration or to meet specific business needs, temporary employment has proven to be a viable option for those seeking full-time work arrangements. As companies continue to adapt their workforce strategies, temporary employment is expected to remain a relevant and attractive option for both employers and job seekers alike.
