Mountain View, California — August 3, 2016 — Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, yesterday announced the 2016 List of Fastest-Growing US Staffing Firms. This year 112 companies qualified for inclusion on the annual list, making the 2016 list the largest since its inception in 2005. The list ranks firms by compound annual growth rate (CAGR) from 2011 through 2015, excluding acquisitions. Loyal Source, who led last year’s lineup, topped the list again this year with a CAGR of 126.6%. The 2016 List of Fastest-Growing US Staffing Firms is sponsored by Bullhorn.
To qualify for the list companies needed to have had at least $1 million in revenue in 2011 and at least 15% CAGR between 2011 and 2015. The median CAGR for the top ten companies this year was 72.6%. For the full list it was 30.3%, up 22.2% from last year.
“To show this level of growth, not just in a single year but consistently over a five year period is impressive,” said Barry Asin, SIA President. “We look forward to seeing how these fast growing firms shape the future of staffing in the years ahead.”
The ten fastest-growing US staffing firms are:
| Company | 2015 US Staffing Revenue ($millions) | CAGR 2011-2015 |
| Loyal Source | 147.0 | 126.6% |
| Dedicated Nursing Associates Inc. | 20.0 | 111.5% |
| Healthcare IT Leaders LLC | 33.2 | 105.0% |
| Phaidon International | 15.0 | 76.6% |
| Health Carousel | 56.9 | 76.0% |
| OnestaffMedical LLC | 21.2 | 69.3% |
| Source4Teachers | 150.0 | 67.6% |
| Specialist Staffing Group (US division of SThree plc) | 243.0 | 66.3% |
| SearchPros Staffing | 31.9 | 65.0% |
| HealthCare Scouts Inc. | 19.0 | 63.3% |
The large companies in excess of $300 million revenue making it on to the 2016 list include On Assignment, Insight Global, CHG Healthcare Services Inc., Integrity Staffing Solutions Inc., Nesco Resource and affiliates, Beacon Hill Staffing Group LLC, The Peoplelink Group, C&A Industries, Inc. (Aureus Medical) and Acro Service Corporation.
The state with the most companies on the list of fastest-growing staffing firms was Georgia with 12; it was followed by California and Illinois at 10 each. Some 30% of firms on the list cited IT as their main staffing segment; 29% cited healthcare as their main staffing segment served.
"Congratulations to the incredible companies named to SIA's Fastest-Growing U.S. Staffing Firms," said Gordon Burnes, Chief Marketing Officer at Bullhorn. "Through innovation and competitive differentiation these staffing firms have not only grown way faster than the economy as a whole, but have also highlighted the continued need for the very best in human capital. These firms are leading the next wave of growth in expanding sectors such as IT and healthcare, and we're thrilled to support the industry and these outstanding visionaries."
The September 2016 issue of Staffing Industry Review magazine will feature SIA’s interviews with executives and business leaders from the 10 fastest-growing staffing firms on what drives their growth. These stories, along with the full list of the 112 fastest-growing companies for 2016, will also appear on http://fastestgrowing.staffingindustry.com/ this fall.
The full 2016 List of Fastest-Growing Staffing Firms US report is available for SIA’s Corporate and CWS Council Members.
About Staffing Industry Analysts (SIA)
SIA is the Global Advisor on Staffing and Workforce Solutions
Elevating the Workforce Solutions Ecosystem
Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor. SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.
Known for our award-winning content, data, support tools, publications, executive conferences and events, we help both suppliers and buyers of workforce solutions make better-informed decisions that improve business results and minimize risk. As a division of the international business media company, Crain Communications Inc., SIA is headquartered in Mountain View, California, with offices in London, England.
Media Contact
Jennifer Arcuni, Communications Director, Staffing Industry Analysts
jarcuni@staffingindustry.com, 650-390-6171 | www.staffingindustry.com
