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Temp revenue growth pace remains strong in May, Pulse survey says

June 26, 2014

Temporary staffing median year-over-year revenue growth remained strong at 10 percent in May, the same rate reported each prior month in 2014, according to the latest Pulse Survey Report by Staffing Industry Analysts. The percentage of firms reporting positive year-over-year growth rose to 73 percent from 71 percent.

Median year-over-year revenue growth remained unchanged at 8 percent in the office/clerical segment and 3 percent in the finance/accounting segment, and decelerated among industrial and engineering/design firms to 11 percent and 1 percent respectively.

Median year-over-year revenue growth rose sharply to 14 percent from 6 percent in the allied healthcare sector, and also accelerated to 11 percent from 9 percent in the IT sector.

“The May results reveal that median double-digit year-over-year revenue growth has been fairly consistent this year not only in temporary staffing as a whole, but also in industrial and IT staffing in particular,” said Research Associate Ziv Tepman.  “Median revenue growth levels in multiple other segments have sometimes crossed the 10 percent threshold this year as well, but not as consistently.”

Direct hire median year-over-year growth rose to 8 percent in May from 3 percent, while direct hire estimated year-over-year aggregate revenue growth edged down to 10 percent from 11 percent.

This month’s Pulse Survey Report includes features such as:

  • Data on bill rate trends
  • Data split by U.S. regions
  • New easy-to-read tables with a snapshot of year-over-year and month-over-month revenue growth for the most recent month

Pulse Survey results are based on a monthly survey of U.S. staffing firms. May’s survey included data submitted by individuals from 109 staffing companies.

The full Pulse Survey Report is available to firms that take part in the survey.