TechNavio recognizes the following companies as the key players in the Staffing Market in the US: Allegis Group Inc., Adecco S.A., Randstad Holding nv, and ManpowerGroup.
Commenting on the report, an analyst from TechNavio’s team said: “The demand for permanent staff in the IT sector is a major trend in the Staffing market in the US. Due to rapid globalization, companies are expanding their business into new geographical regions. This will give rise to new project requirements, which need a talented workforce to drive businesses with higher profit margins. Thus, organizations are hiring professionals from staffing firms for permanent positions in order to remain competitive. By hiring the right candidates, organizations can improve the decision-making process and thereby increase their revenue. In addition, hiring the right candidates creates the momentum and confidence needed to drive the organization in a highly competitive market place. Therefore, there is a huge demand for permanent staff in the IT sector. This, in turn, is expected to drive the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the need to reduce staffing costs. A cost-effective means of staffing, coupled with the ability to search for potential candidates from a vast pool of applicants, enables enterprises to recruit the right talent for the right position. This is done with the help of staffing firms, which helps in reducing the recruitment costs.
Further, the report states that one of the main challenges in this market is the compensation issue during the early stages of the recruitment process. The employees recruited by the staffing firms for various organizations are paid on a weekly or bi-weekly basis. However, the organizations make payments only on a monthly basis, thereby creating a liquidity gap for compensation, funding payroll, and capital expenditure of the staffing firms. Therefore, maintaining margins is one of the major business challenges for staffing firms, especially those with revenue between US$2 million and US$200 million.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/staffing-market-us-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Staffing Market in the US 2012-2016
