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75% of staffing firms expect more revenue this year, Bullhorn report says

January 17, 2018

A new report by staffing software supplier Bullhorn found 75% of staffing and recruiting firms expect more revenue this year than last year.

It also found the top three priorities for staffing firms this year were increasing profitability, cited by 45%; driving top line revenue growth, cited by 43%; and improving candidate sourcing, 42%.

“The year 2018 holds tremendous opportunities for North American staffing and recruiting firms as they look to continue growing their businesses during a period of relatively strong economic growth,” said Gordon Burnes, Bullhorn’s chief marketing officer.

Bullhorn’s report also found 70% expect increases in hiring needs this year, 62% expect increases in billable hours and 59% expect increases in temporary placements in 2018. On the other hand, 55% predicted both bill rates and margins would stay flat or decrease in 2018, and 49% ranked pricing pressures and margin compression as a top-three challenge.

The report is called the “2018 North American Staffing & Recruiting Trends Report: The Industry’s Outlook for 2018.”

The survey included 1,442 staffing and recruiting professionals and was taken between Sept. 17 and Oct. 7.


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