Dive Brief:
- The U.S. temporary staffing industry is projected to grow 6% in 2015 to reach $115 billion and expand another 5% in 2016 to reach an all-time high of $121 billion, according to the U.S. Staffing Industry Forecast, a semi-annual report released recently by Staffing Industry Analysts.
- The report, based on staffing company revenues, serves as a benchmark for the staffing industry, charting the size and growth of temporary staffing skill segments.
- Education has the highest growth forecast at 15% while engineering has the lowest growth forecast at 3%. Healthcare, IT, finance/accounting, and marketing/creative all show 7% increases. The remaining segments of office/clerical, industrial, legal, and clinical/scientific segments are also expected to grow.
Dive Insight:
On a given work day, roughly three million Americans are employed in the industry, delivering work across nearly all sectors and occupations. And more than half of industry revenue comes from temporary workers in professional skill sets, including IT, healthcare, and engineering professionals, according to Timothy Landhuis, research manager at Staffing Industry Analysts.
The latest U.S. Staffing Industry Forecast report is based on some of the most robust segment-level revenue trend data ever assembled by Staffing Industry Analysts, and industry projections are based on detailed segment-level revenue data collected from more than 100 of the largest staffing companies in the U.S.
Bottom line: Temporary staffing continues to be healthy, meaning HR leaders continue to be open to using more independent contractors and other temp workers in today's changing workplace.
