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New research now available to Staffing Industry Analysts corporate members includes a legal staffing update, an Insight on use of outsourced/offshore recruiters, a global IT solutions growth update, an Insight on revenue from repeat business and growth update on finance/accounting staffing.
INSIGHT - U.S. legal staffing growth update
*Recovery in legal staffing has been taking place for months, particularly outside financial services
*Demand driven by FCPA continues to grow
*Contract attorneys willing to work at lower rates is containing demand for paralegals
INSIGHT - 2010 Staffing Company Survey: To what degree are U.S. staffing firms using outsourced and/or offshore recruiters?
*Boom coming in use of outsourced & offshore recruiters
*Largest users: firms selling IT, direct hire
*Bigger firms more likely to outsource/offshore
INSIGHT - Global IT solutions growth update
*Prosperity returns: Median 1Q09/1Q08 revenue growth of 15.6%
*Now hiring to fulfill growing pipeline of projects
*Nine publicly traded companies generate $4.3 billion globally
INSIGHT - 2010 Staffing Company Survey: How much revenue should you be getting from repeat business?
*Typical staffing firm gets 76%-80% repeat business
*Nine out of 10 say majority revenue is repeat
*But rate of repeat business varies by segment, industry
INSIGHT - Finance/accounting staffing growth update
*We project 5% revenue growth for finance/accounting in 2010
*Continued declines in gross margin
*No near-term catalyst in sight, recovery expected to be slow