Staff infection: Expansion of higher-skilled temporary labor will increase industry demand

The Office Staffing and Temp Agencies industry in Florida has experienced considerable growth over the past five years, with industry revenue rising. Temporary staffing has grown in popularity over the past five years as businesses have increasingly taken advantage of the operational flexibility offered through use of this industry's services. During the five-year period to 2022, industry revenue is forecast to continue growing, albeit at a slower rate. As unemployment rates stabilize, the labor market in Florida is expecting to become more saturated...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 12-17
6.5%
Forecast Growth 17-22
x.x%lock
Profit
x.x%lock
Employment
174,909
Businesses
2,030
Market Share of Companies

Industry Threats & Opportunities

  • Improving corporate profit will lead some businesses to increase permanent hiring, moderating demand growth for temps slightly

    • shopping_cartPURCHASE OPTIONS Whats in this report faqs Download Sample
    IBISWorld client - ADP Watch Testimonial
    ... DigiCert Seal

    Industry Report - Industry Key Buyers Chapter

    International accounting practices make calculating precise market share concentration for the Office Staffing and Temp Agencies industry in Florida difficult. Operators are only required under international accounting practices to report net sales figures, which is the percentage of a temporary staffer's salary the agency keeps as a fee for placing them. However, industry revenue is calculated based on gross revenue, which includes the payment agencies receive from the client to pay the temporary staffer. While exact market share concentration estimates become difficult because of this, IBISWorld estimates that the Office Staffing and Temp Agencies industry in Florida operates with a low level of market share concentration, with no single player comprising more than 5.0% o...purchase to read more.

    Additional Insights for the Office Staffing & Temp Agencies in Florida Industry

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

  • Having a good reputation
  • Access to multiskilled and flexible workforce
  • Easy access for clients

    • IBISWorld analysts also discuss how external factors such as Number of temporary employees and Unemployment rate in Florida in the Office Staffing & Temp Agencies in Florida industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    Industry Products

    What is the Office Staffing & Temp Agencies in Florida 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
  • Healthcare staffing
  • Information technology staffing
  • Office, clerical and administrative staffing
  • Engineering and scientific staffing
  • Industrial staffing
  • Professional and managerial staffing
    • Industry Activities
  • Supplying temporary staff (except farm labor)

    • Related Reports

    Similar Industries
  • Crop Services
  • Employment & Recruiting Agencies
  • Professional Employer Organizations
  • Celebrity & Sports Agents
  • Employment & Recruiting Agencies in California
  • Office Staffing & Temp Agencies in California
  • Employment & Recruiting Agencies in New York
  • Office Staffing & Temp Agencies in New York
  • Employment & Recruiting Agencies in Illinois
  • Office Staffing & Temp Agencies in Illinois
  • Employment & Recruiting Agencies in Texas
  • Office Staffing & Temp Agencies in Texas
  • Employment & Recruiting Agencies in Florida
  • Employment & Recruiting Agencies in Massachusetts
  • Office Staffing & Temp Agencies in Massachusetts
  • Employment & Recruiting Agencies in Ohio
  • Office Staffing & Temp Agencies in Ohio
  • Employment & Recruiting Agencies in Pennsylvania
  • Office Staffing & Temp Agencies in Pennsylvania
  • Employment & Recruiting Agencies in New Jersey
  • Office Staffing & Temp Agencies in New Jersey
  • Employment & Recruiting Agencies in Georgia
  • Office Staffing & Temp Agencies in Georgia
  • Employment & Recruiting Agencies in Michigan
  • Office Staffing & Temp Agencies in Michigan
  • Employment & Recruiting Agencies in Wisconsin
  • Office Staffing & Temp Agencies in Wisconsin
  • Employment & Recruiting Agencies in Washington
  • Office Staffing & Temp Agencies in Washington
  • Employment & Recruiting Agencies in Virginia
  • Office Staffing & Temp Agencies in Virginia
  • Employment & Recruiting Agencies in Tennessee
  • Office Staffing & Temp Agencies in Tennessee
  • Office Staffing & Temp Agencies in Missouri
  • Employment & Recruiting Agencies in North Carolina
  • Office Staffing & Temp Agencies in North Carolina
  • Employment & Recruiting Agencies in Minnesota
  • Office Staffing & Temp Agencies in Minnesota
  • Employment & Recruiting Agencies in Maryland
  • Office Staffing & Temp Agencies in Maryland
  • Employment & Recruiting Agencies in Colorado
  • Office Staffing & Temp Agencies in Colorado
    • 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
  • Unemployment rate in Florida
  • Number of businesses in Florida
  • Number of adults aged 20 to 64 in Florida

    • Current Performance
  • Temp staffing on the rise
  • Florida demographics influence service mix
  • Heavy competition
  • Chart: Revenue Growth

    • Industry Outlook
  • Contingent workers to increase
  • Market dynamics remain intact
  • Competition continues to heat up in the Sunshine State
  • Table: Office Staffing & Temp Agencies in Florida Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Staffing & Temp Agencies in Florida 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
  • Healthcare staffing
  • Information technology staffing
  • Office, clerical and administrative staffing
  • Engineering and scientific staffing
  • Industrial staffing
  • Other
  • Professional and managerial staffing
  • Chart: Office Staffing & Temp Agencies in Florida Industry Products and Services Segmentation

    • Major Markets
  • Healthcare
  • Science and technology
  • Professional services
  • Industrial
  • Chart: Major Market Segmentation for the Office Staffing & Temp Agencies in Florida Industry

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Office Staffing & Temp Agencies in Florida

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office Staffing & Temp Agencies in Florida Industry

    • Major Companies

    Adecco Group AG, Allegis Group Inc., Kelly Services, Randstad Holding NV,
  • Table: Adecco Group AG - financial performance
  • Table: Allegis Group Inc. - financial performance
  • Table: Kelly Services - financial performance
  • Table: Randstad Holding NV - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Office Staffing & Temp Agencies in Florida 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 in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Unemployment rate in Florida (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    American Staffing Association (Asa)
  • An industry association that represents the US staffing industry.
    • Just-In-Time
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
    • Temp
  • An abbreviated term for a temporary worker, who is hired on day-to-day or contracted bases.
    • Turnover
  • The rate at which outgoing (old) employees are replaced by incoming (new) employees within an industry; measured as a percentage.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s industry research report on Office Staffing & Temp Agencies in Florida contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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 in Florida:
    • 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 in Florida 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 in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Become a Member shopping_cartPURCHASE OPTIONS

    Contact Us

    Want to speak to a representative? Call us.

    phone 1-800-330-3772    OR     Inquire Here
    clear