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Temporary staffing revenue trends improved in October both from the previous month and on a year-over-year basis, according to the latest Staffing Industry Pulse Report released by Staffing Industry Analysts.
Temp staffing year-over-year revenue growth rose to 13 percent in October from 11 percent in September.
Month-over-month growth trends improved to a rating of “very widespread” from “widespread” in September.
“The data from the Pulse showed improving revenue trends throughout most segments," said Research Analyst Robert Balicki. "As in previous months, professional staffing – especially IT and engineering/design staffing – outperformed the rest of temp staffing.”
However, leading indicators suggest a worsening situation going forward. The net proportion of respondents who said new orders increased in the past three months fell to its lowest level on record, 30 percent. In addition, an increasing portion of respondents reported that selling is tougher than recruiting and an increasing portion of respondents would prefer selling their staffing firm to acquiring another staffing firm.
The survey includes responses from individuals at 186 staffing firms.
The full Pulse report is available to firms that take part in the survey. For more information, contact Robert Balicki at email@example.com.