An Overview of Staffing Services Industry
The global Staffing Service Industry is estimated at $461 Billion and rose by 6% towards the end of 2019. Staffing Service company provides both temporary and permanent employment to individuals that applied through the company. In a nutshell, a staffing service company is an employment placement and HR management, provider. There are some major companies today who have made a mark in the industry, 90% of them are based in the United States while others scattered around the world. Some of the key players in the industry include:
- Kelly Services
- Manpower Group
- Robert Half International
- Adecco (with a branch in the US)
Today, the staffing Service Industry is growing like never before not necessarily because of the unemployment rate rather employers intend to hire the best hands-on the job. Some of the booming markets can be found in America, Asia, and European continents, representing the United States, Japan, and the UK. The US market annual revenue is established at $385 billion with 52,000 staffing service companies categorized into multi-location companies and single-location companies.
A Brief History
One may be thinking that the staffing service company is a new industry, but that is rather far from the truth. This industry has been around since the 1940s. It was said that it took a boost when the majority of the working population quit their jobs to enroll in the army. Since those vacancies are meant to be filled, it took the expertise of a staff service company to get new employees for those positions, and that was it – the birth of a new industry.
Back then, employers rely on these companies to find reliable people for the job. This is because of a lack of talent and low skilled applicants that had besieged companies. The industry grows from there to cover a wide range of sections unlike in the 50s when they specialize in only providing administrative skills. Today, the staffing service companies can provide skills to feel any position in any company at all: oil, agro-industry insurance, banking, transport, etc.
Why Hire a Staffing Agency?
When an employer request for the services of a staffing services company, it doesn’t mean he cannot handle his recruiting new people to work for him. They always want the hiring process to be by a specialist in the field, that way, they will get nothing but the best people to fill in the vacant positions. Staffing Service companies have always been known for their professional method of accessing, interviewing and hiring prospective employees.
While interviewing a prospective employee, there are stages and procedures needed to be used. Once it is done right, there will be an overhaul evaluation of the prospect’s psychological, and physical capabilities. The point is, an average staffing Service company has the right tool to scrutinize an average prospect in other to understand the right position fit for him/her.
Finally, we must emphasize the need to get the right company to do the job; the better the staffing company, the more your chances of recruiting the right people for the job. Here we will like to recommend the Global Professional Service company, a leading name in the staffing services industry, they have just the best tools to get the right people to fill the space.