World – Global staffing revenue at $429 billion, forecast growth for this year is 6%

By memberservices@staffingindustry.com (Danny Romero)

The global staffing industry generated an estimated $429 billion in revenue worldwide in 2016, according to the “Global Staffing Industry Market Estimates and Forecast: October 2017 Update” released by Staffing Industry Analysts. Three countries — the US, Japan and the UK — made up a majority of the revenue, and the top 15 countries combined accounted for 88% of total global staffing revenue.

SIA predicts that global staffing revenue will grow by 6% this year compared to 5% last year.

Growth in the US, the world’s largest staffing market, is expected to remain flat at 3% this year. Staffing Industry Analysts expects growth in Japan, the second largest market, to accelerate slightly to 7% in this year from 6% last year.

“Staffing markets are continuing to evolve worldwide,” Staffing Industry Analysts President Barry Asin said. “Our current forecast report reflects a favourable mix of trends for most of the EMEA region, as well as in many APAC markets. The global staffing industry is poised to meet the opportunities and the challenges it faces as it advances contingent workforce solutions across the ecosystem.”

Published twice annually, the forecast report covers estimates and forecasts for the staffing industry by revenue and segment, with additional labour market information including regional and historical data and a ranking of the 15 largest countries in terms of staffing industry revenue.

Staffing Industry Analysts’ corporate members and CWS council members can download the full Global Staffing Industry Market Estimates and Forecast: October 2017 Update report online.

Source:: World – Global staffing revenue at $429 billion, forecast growth for this year is 6%