The U.S.
Staffing Industry revenues, totaled $86 billion in 1998, and are
projected to be $110.9 billion in 2005.
The segments include:
| |
|
The Staffing Industry |
|
(2005 projected
$ in billions) |
|
|
|
Executive & Contingency
Placements |
|
|
|
|
|
|
|
|
|
Professional Employer Organizations |
|
|
|
|
| |
|
|
| |
Source: Staffing
Industry Analysts |
|
Temporary Help
The Temporary
Help workforce nearly tripled in less than a decade and
it is projected, that by 2020, 25% of the U.S. workforce will
work on a contract or temporary basis.
The segments include:
| |
| |
|
Temporary Help |
|
(2005
projected $ in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
| |
Source: Staffing
Industry |
|
|
High Job Turnover
The high job
turnover for the workforce opens the door to many lucrative
opportunities for your Multigent business.
Workforce
tenure:
�
College grads held 5.3 jobs in the first
five-years of their career
�
Wage and salary workers average 3.6 years with
current employer
�
81% of the recruiters leave their employer in
less than 3 years
The Competition
The staffing
Industry today consists of approximately 50,000 staffing firms
and approximately 60% of which are independent recruiters, sole
practitioners and niche market specialists where the average
firm employs less than 4 recruiters.
Our business
model easily dominates the competition
|
#
of Employees
|
#
of Agencies
|
#
of Help Supply
|
Total
|
%
of Agencies
|
|
1-4
|
18,050
|
8,400
|
26,450
|
49.89%
|
|
5-9
|
4,292
|
3,897
|
8,189
|
15.45%
|
|
10-14
|
1,511
|
1,305
|
2,816
|
5.31%
|
|
15-19
|
645
|
562
|
1,207
|
2.28%
|
|
20-49
|
1,286
|
1,185
|
2,471
|
4.66%
|
|
50-99
|
537
|
614
|
1,151
|
2.17%
|
|
100+
|
498
|
914
|
1,412
|
2.66%
|
|
Undetermined
|
1,311
|
8,013
|
9,324
|
17.59%
|
|
Total
|
28,130
|
24,890
|
53,020
|
100.00%
|
|
|
|
Source: Bureau of Labor
Statistics
|
|
|
|
The Employment Outlook
As you read and
study these two documents, pay particular attention to the
tables and the associated statistics for each occupation and
industry group. These vital statistics will be invaluable to you
as you continue to build your Associate Network, beyond your
immediate circle of influence.
