For staffing and recruitment companies, the third quarter was a period of navigating economic uncertainties and leveraging strategic initiatives for growth. During earnings calls, Adecco Group AG, Randstad NV, ManpowerGroup Inc., Robert Half Inc., and Kelly Services Inc. highlighted their approaches to ... READ MORE >
staffing firms
Temporary staffing continues to decline
August marked the third straight month that temporary U.S. employment declined, falling by 6.1% year-over-year. This is the largest year-over-year decline in the past eight years, excluding April 2020 to December 2020, which was the height of the pandemic. Total employment increased 2% year-over-year ... READ MORE >
Staffing firms may be headed for a rough patch
Business services firms face great risks in the near term as the economy shows worrying signs. Consumer confidence in April reached its lowest level since July 2022. U.S growth slowed to 1.1% in the first quarter of the year. High interest rates continue to decrease capital spending throughout the ... READ MORE >
Staffing firms see strong demand as hiring remains steady
Three recent studies indicate that hiring remains a priority for companies throughout the economy, an auspicious sign for staffing firms facing economic headwinds. Staffing firms continue to hire—for now Staffing jobs for the week ending Sep. 25 increased 6.6% compared to the same period last year, ... READ MORE >
Staffing firms thrive amid wage inflation and labor shortages
Staffing firms continue to adapt to challenges caused by the pandemic, becoming more agile and tapping into new revenue streams while finding ways to increase employee productivity. Firms are benefiting from wage inflation, strong mergers and acquisitions activity, and previous investments, according to ... READ MORE >