2020 Staffing Industry Statistics: Week 49
This RAW is for week 49, the full week after Thanksgiving (week 48). With many businesses shutting down for the day after Thanksgiving, the variability is material. Notice on the chart below that we did a two-week comparison, instead of the week over week, to provide better context.
In general, the industry continued to move forward with Hours growing by 1.6% in the past two weeks and Assignments up .7%. I’m also encouraged with New Talent being up 3.7%, an indication of more people entering the contingent workforce.
This week’s staffing industry statistics: Week 49
In looking at YTD numbers, two trends have continued throughout the year:
- Hours outpacing Assignments
- Billing growing faster than Payroll
Both of these trends should be positive for staffing firms. An increase in average hours per assignment typically doesn’t include extra work for the staffing company, and clearly, having margins increase flows to the bottom line.
I do find it interesting that staffing companies have continued with a double-digit growth rate, but are doing so with significantly less people (-8.4%). I believe hiring will continue in Q1, even if assignments/hours growth tempers.
Staffing Industry Market Growth Trends
Staffing Industry Trend in Assignments and Hours Billed
Staffing Industry Trend in Gross Revenue
Staffing Industry Trend in New Talent
Staffing Industry Trend in Users
Year over Year Staffing Industry Trends: 2018-2020 for Hours and Assignments
About Avionté RAW Staffing Industry Statistics
For those new to the Avionté RAW staffing statistics series, the numbers reflected are based on an aggregation of hosted Avionté data from hundreds of staffing and recruiting companies across the US and Canada.
Written by, John Long, Avionté, Founder & Co-Chairman, and Natalie Flint
About Avionté Staffing Software
Avionté is a leader in enterprise staffing and recruiting software solutions, offering innovative end-to-end staffing software solutions to over 900 customers and 25,000 users throughout the U.S. and Canada. Avionté delivers a robust platform for clerical, light industrial, IT, and professional staffing firms to maximize profits and boost productivity.