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SIA Announces Largest Staffing Firms in Germany

Mountain View, California & London, UK — August 7, 2018 — Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, released its 2018 report on the Largest Staffing Firms in Germany. The report features the top 50 staffing and recruitment firms in Germany ranked by their 2017 revenue.

Randstad, Adecco and ManpowerGroup, the largest staffing firms in the world, are also the largest three staffing companies in Germany based on revenue. These companies’ combined income accounts for 18% of the entire market’s revenue and are followed by two companies headquartered in Germany – Persona Services and I.K. Hofmann. Together, these five firms account for 24% of the market, in terms of revenue. Overall the top 50 firms accounted for 47% of the market in 2017.

The 5 largest staffing firms are:

Company 2017 Revenue (€ millions) Headquarters Country
Randstad  2,304 The Netherlands
Adecco  1,645 Switzerland
ManpowerGroup  1,005 USA
Persona Services  824.9 Germany
I.K. Hofmann  655.0 Germany

“We estimate that the revenue generated collectively by the top 50 firms increased by +8.8% in 2017, while the whole German market grew by +7.0%.” said Matt Norton, Senior Research Analyst at SIA. “The median revenue change rate for the top 50 reached +7.0%, and as many as 23 firms outperformed this median growth rate. The five fastest growing firms show annual growth rates of between 28% and 76%.”

“The staffing market has become firmly established and more important in Germany in recent years,” said Norton. “Market growth has been underpinned by a solid economy and stable labour market. We do not expect revenue growth to be greatly affected by the amendments to the Act on the Transfer of Employees (Arbeitnehmerüberlassungsgesetz or AÜG) which entered into force on 1 April 2017. The effect of minor declines in the number of temporary agency workers has been offset by wage increases.”

The full report is available for SIA’s Corporate and CWS Council Members with EMEA access.

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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