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Global Staffing Market Achieves $428 Billion in Revenue

Mountain View, California — May 30, 2017 — Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions has released its latest Global Staffing Industry Market Estimates and Forecast report. Published twice annually, the Forecast report covers estimates and forecasts for the staffing industry by revenue and segment, with additional labor market information, including regional and historical data and a ranking of the 15 largest countries in terms of staffing industry revenue. 

Per report estimates, the staffing industry generated USD 428 billion in revenue worldwide in 2016 (EUR 386 billion), with the US, Japan and the UK making up a majority of the revenue. Eighty-nine percent of revenue was generated via temporary staffing, with the remaining 11% stemming from place & search. Although commercial jobs were the primary driver of temporary staffing revenue overall, there were market exceptions, such as the US, where professional jobs accounted for the majority of revenue.

SIA predicts that global staffing revenue will continue to grow in 2017 and 2018. “Our forecast aligns with the IMF’s moderate outlook for global economic growth over the next two years,” said Barry Asin, President of SIA. “Despite a mix of uncertainty in certain markets, the strong secular trends and favorable regulatory changes in others, combined with expanding multi-national contingent workforce programs, signal balanced industry performance worldwide.”

The full Global Staffing Industry Market Estimates and Forecast: May 2017 Update report is available for SIA Corporate and CWS Council Members. Information from the report will be covered in SIA’s June 6th Staffing Industry Report Webinar.

About Staffing Industry Analysts (SIA)

SIA is the Global Advisor on Staffing and Workforce Solutions
Elevating the Workforce Solutions Ecosystem
Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor. SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.

Known for our award-winning content, data, support tools, publications, executive conferences and events, we help both suppliers and buyers of workforce solutions make better-informed decisions that improve business results and minimize risk. As a division of the international business media company, Crain Communications Inc., SIA is headquartered in Mountain View, California, with offices in London, England.

Media Contact
Jennifer Arcuni, Communications Director, Staffing Industry Analysts
jarcuni@staffingindustry.com, +1 650-390-6171 |  www.staffingindustry.com

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