Industry Analysis & Industry Trends
Over the past five years to 2013, the industry has fluctuated because of strenuous labor market conditions in the United States. The onset of the recession caused many businesses to restructure operations including downsizing staff numbers in order to resuscitate flailing profit margins. However, the industry was quick to recover as corporate profit rebounded and business confidence increased. Moreover, over the five years to 2018, the industry is expected to continue to perform well. Improving macroeconomic conditions such as falling unemployment, increased private investment and rising consumer confidence will precipitate a larger workforce, including the addition of more temporary workers... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Office Staffing and Temp Agencies industry is highly fragmented, with the top four companies in the industry accounting for only about 12.7% of market share. A large proportion of the industry is made up of nonemploying firms that cater to niche areas or particular geographic regions. Meanwhile, the largest players in the industry are multinational firms that have operations across the United States, Europe and Asia. The industry's largest players, Addeco SA and Randstad Holding nv, are based abroad and US operations represent only part of their business.
During the past five years, the industry has becoming increasingly concentrated... purchase to read more