Overview

Stable recruiting: Revenue losses from rising unemployment will be offset by increasing corporate profitability

IBISWorld’s Office Staffing & Temp Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$163bn
Annual Growth
12-17
4.7%
Annual Growth
17-22
Profit
Employment
3,322,297
Business
36,694

Industry Threats & Opportunities

  • Sustained demand for temporary staff from the professional services sector has helped the industry move forward
  • Temp hiring within the healthcare market has become a key driver of industry growth
  • Temporary personnel are increasingly becoming a permanent fixture in corporate strategies

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    Industry Analysis & Industry Trends

    Over the five years to 2017, improvements in economic conditions and a recovering labor market have created a greater need for temporary workers, helping boost demand for industry services. Strong demand for contingent workers from the professional sector (e.g. healthcare, information technology or engineering) has continued to propel the industry forward. Over the five years to 2022, mixed macroeconomic conditions are likely to lead industry revenue to stagnate. As macroeconomic conditions improve and businesses are more certain about future stability, they are more likely to hire full-time employees instead of the temporary employees. However, professional-service based industries and the healthcare sector will continue to quickly expand, supporting demand for industry services...

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    Industry Report - Industry Investment Chapter

    The Office Staffing and Temp Agencies industry is characterized by a very low level of capital intensity. Industry operators supply businesses with workers on a temporary basis and are primarily involved in the screening process of candidates and payroll management. Accordingly, there is little capital required in the industry outside of basic administrative equipment, such as computers, phones and software, used in the hiring process. In 2017, Office Staffing and Temp agencies are estimated to spend 64.2% of revenue on wages, while only spending 0.2% on depreciation. Accordingly, the industry is only expected to invest less than one cent in capital for every dollar invested in labor.

    ..

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    Additional Insights for the Office Staffing & Temp Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Office Staffing & Temp Agencies Industry are

  • Having a good reputation
  • Must have license
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Number of temporary employees and National unemployment rate in the Office Staffing & Temp Agencies industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Office Staffing & Temp Agencies Industry?

    Office staffing and temp agencies supply businesses with workers for limited periods of time to supplement existing staff. Although temp workers remain employees of the temp agency, temp agencies do not provide direct supervision of their employees at clients’ work sites.

    Industry Products
    Office, clerical and administrative staffing
    Industrial staffing
    Healthcare staffing
    Information technology staffing
    Engineering and scientific staffing
    Professional and managerial staffing
    Industry Activities
    Supplying temporary staff (except farm labor)

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of temporary employees
  • National unemployment rate
  • Corporate profit
  • Demand from construction
  • Demand from professional, scientific and technical services

  • Current Performance
  • The labor market
  • Recent developments
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed macroeconomic trend
  • Business trends evolve
  • Industry structure
  • Table: Office Staffing & Temp Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Staffing & Temp Agencies Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Wholesale Trade
  • Retail Trade
  • Professional, Scientific and Technical Services
  • Professional Employer Organizations
  • Healthcare and Social Assistance
  • IT Consulting

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • IT Consulting
  • Office Supply Stores
  • Wired Telecommunications Carriers

  • Products & Services
  • Industrial staffing
  • Office, clerical and administrative staffing
  • Professional and managerial staffing
  • Information technology staffing
  • Healthcare staffing
  • Engineering and scientific staffing
  • Other
  • Chart: Office Staffing & Temp Agencies Industry Products and Services Segmentation

  • Demand Determinants
  • External industry competition
  • Short-term labor demand and the unemployment rate
  • Changes in technology, systems and lifestyles

  • Major Markets
  • Professional, retail and other service-oriented sectors
  • Technical sectors
  • Industrial
  • Other
  • Chart: Major Market Segmentation for the Office Staffing & Temp Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Office Staffing & Temp Agencies

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office Staffing & Temp Agencies Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Office Staffing & Temp Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Office Staffing & Temp Agencies Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Unemployment % (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    American Staffing Association (Asa)
  • An industry association that represents the US staffing industry.
  • Evaluation-To-Hire
  • The process of hiring temporary staff and evaluating them to consider full-time employment.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Penetration Rate
  • The percentage of the total labor force that is made up of temporary workers.
  • Temp
  • An abbreviated term for a temporary worker; someone who is hired on a day-to-day or contracted bases.
  • Tenure
  • The duration of time that an employee works with a temporary staffing firm.
  • Turnover
  • The rate, measured as a percentage, at which outgoing (old) employees are replaced by incoming (new) employees within an industry.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Office Staffing & Temp Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Office Staffing & Temp Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Office Staffing & Temp Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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