HRnet takes top position in the SGD 1.3 billion Singaporean staffing market

Mountain View, CA & London, UK — 05 July 2017 — Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, today published its list of the twenty-five largest staffing firms in Singapore. HRnet topped the list with SGD 271 million in revenue and a 20% market share, while Kelly Services (Singapore) ranked second with SGD 195 million in revenue and Swiss-headquartered Adecco in third place with revenue of SGD 114 million.

The five largest staffing companies in Singapore, based on 2015 revenue, are: 

Staffing Industry Analysts estimates the Singaporean staffing market to be worth approximately 1.3 billion (USD 1 billion); broken down between permanent recruitment (20%) and temporary staffing (80%). The top three firms account for approximately 40% of the total market and the top ten companies 67%.

In addition to the top twenty-five list, we also provide a list of another 80+ Singaporean staffing providers, drawn from the members’ roll of APSCo Asia and the Singaporean Staffing Association (who are due to merge soon) and the Association of Executive Search Consultants (AESC). 

Speaking about the report, Adam Pode, Director of Research for EMEA and APAC at SIA, said: “Flexible staffing arrangements using temporary and contractual workers are becoming increasingly popular in Singapore. Moreover, this trend is only likely to grow as employers struggle to find the skilled individuals they need in the face of tight labour markets and the government’s policies on hiring foreigners”.

“Companies are spending billions of dollars both in Singapore and around the world on Contingent Work. Who these providers are and how to operate with them is going to be a focus of our CWS Summit Conference in Singapore on the 18^th-19^th July”.

The full Largest Staffing Firms in Singapore 2017 report is available for SIA 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, +1 650-390-6171 |  www.staffingindustry.com