Week 30 showed the same consistent growth that we have seen since the end of April (week 17), particularly with the number of assignments. All of the major metrics were positive for the week.
Here’s the quick snapshot of the metrics:
I found it interesting that hours didn’t follow the trend of assignments or even gross/billing by growing “only” .5% vs gross payroll of 2.8%. This did increase our mean payrate back up to $16.57 after a dip last week. In my opinion, the average payrate has held remarkably steady for the last several months.
I was also excited to see all major metrics are now less than 10% off from the beginning of the year.
We are tracking distinct users as a proxy to see how staffing firms are responding as it pertains to internal staff. Week 30 did decrease by -1.2%. We do have early visibility into Week 31, which was flat at .1%.
New this week, we are adding New Employees. There are many ways in which to track applicants – but for this one, I chose the straight “date entered” metric. Every time a new employee is added – by any means (manual or online application), the system automatically inserts a date entered value. The below graph tracks week by week, the number of new employees per week. While the graph shows continuous growth from the low after the pandemic – I think it is interesting – and confirmed by other industry people – that bringing in new talent was difficult even before the economy was shut down.
For those new to the Avionté RAW series, the numbers reflected are based on an aggregation of hosted Avionté data from hundreds of customers across the US and Canada.
Written by, John Long, Avionté, Founder & Co-Chairman, and Natalie Flint
About Avionté
Avionté is a leader in enterprise staffing and recruiting software solutions, offering innovative end-to-end staffing 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.
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