This is fascinating!

How much do you know about Recruitment and Staffing?

Here are some stunning facts to consider.

Something to be proud of, really.

Enjoy

1. The revenue for the global staffing industry in 2022 reached almost 650 billion U.S. dollars.

2. The global temporary staffing market was valued at U.S. $500 billion in 2021.

3. The global temporary market revenue forecast for 2025 = U.S. $673 Billion

4. Of global staffing revenue in 2022, three countries — the U.S., Japan, and the U.K. — generated 55% of revenue. The US was the most significant contributor, representing 34%, with Japan representing 13% and the U.K. representing 8%. Another 12 countries have staffing revenue of at least $6 billion. (SIA)

5. The North American and European regions accounted for approximately 70% of global temporary staffing.

7. The Asia-Pacific region is the fastest-growing market for temporary staffing.

8. The Australian temporary staffing market was valued at AUD 21 billion, and New Zealand was worth NZD 2.7 billion in 2020.

9. There are 12,802 temporary agencies in Australia (IBISWorld)

10. Temporary Staff Services in Australia Annualized Business Growth 2018–2023 was 8.3%

11. In 2020, the healthcare and social assistance sector was the largest market for temporary staffing in Australia and New Zealand, followed by manufacturing and retail trade.

12. The revenue of Adecco Group worldwide in 2023 was 23.96 billion Euros

13. The revenue of Manpower Group worldwide in 2023 was 18.91 billion USD

14. ‘The Savage Truth’ book is among the most successful recruitment books, selling over 12,000 copies. Get it here

15. U.K. recruitment agencies made a lazy 22.4 million temp/contract placements in 2021. In a year, that’s 430,000 people placed in temp jobs by agencies every week, or 86,000 a day. (Assuming a 12-hour work day, that is 7,166 people placed every hour into a Temp or Contract job. I know I am labouring the point, but I just love it!)

16. The market size of the UK Temporary-Employment Placement Agencies industry is expected to increase by 7% in 2023.

17. In 2020, the healthcare sector was the largest market for temporary staffing in the U.K., followed by industrial and office support.

18. The U.K. recruitment sector was worth £42.9 billion in 2021. That’s up 21.7% on 2020 and a massive contribution to the U.K. economy.

19. Of the £42.9 billion generated in sales, £36.4 billion was via temporary placements, and £ 6.5 billion was via permanent placements.

20. The U.K. is the third biggest staffing market globally after the U.S. and Japan.

21. Regarding permanent placements, U.K. recruitment agencies made 547,692 permanent ones in 2021.

22. There are 30,035 recruitment agencies in the U.K. (at the start of 2022).

23. 201,154 people work in U.K. recruitment agencies (you are not alone!).

24. 79.5% of U.K. recruitment businesses are micro-businesses with fewer than ten employees.

25. The Savage Truth blog (This one) has over 30,000 subscribers and gets almost 1 million visitors a year. Sign up here for weekly recruitment knowledge and banter.

26. 82% of recruitment businesses in the U.K. have a turnover of less than £ 1 million pa.

27. There are 470 recruitment enterprises in the U.K. with 250+ employees.

28. The Irish recruitment market was worth € 4.1 Billion in 2023

29. 45,000 people are working in the Irish Agency recruitment sector.

30. During the course of a year, America’s staffing companies hire over 14.5 million temporary and contract employees.

31. In the U.S. (pre-pandemic), there were about 25,000 staffing and recruiting companies that operated around 49,000 offices. Approximately 56% of companies and 75% of offices are in the industry’s temporary and contract staffing sector.

32. Around 3,000,000 temporary and contract employees work for America’s staffing firms during a typical week. (Americanstaffing.net, 2021)

33. ‘Recruit. The Savage Way’ is a perfect handbook for every recruiter. It has sold almost 10,000 copies in its first year of publication. Get it here

34. Nearly half of employed U.S. job seekers (49%) believe A.I. tools used in job recruiting are more biased than their human counterparts. (ASA)

35. Temporary and contract staffing sales totalled $144.2 billion in the USA in 2021, according to the latest annual data from the ASA Staffing Employment and Sales Survey, increasing 17.9% from 2020 as the economy continued recovering from the 2020 recession amid an ongoing pandemic.

36. Top-performing recruitment agencies that automate their processes see a 26% reduction in ‘time to place’ (Bullhorn GRID 2024 Survey)

37. The most used A.I. tools among the top-performing recruitment agencies address sourcing, conducting interviews, onboarding, payroll and billing, and Temp assignment prep. (Bullhorn GRID 2024 Survey)

38. There are already at least two recruitment degrees available from quality universities. National College of Ireland – Bachelor of Arts Honours Degree Recruitment Practice. (Where my book ‘The Savage Truth’ is required reading) , and Bachelor of Business – Recruitment and Talent Acquisition from Deakin University in Australia. If anyone is aware of any other, please post in the comments below

39. Please feel free to connect to Greg Savage (Author of this article and this blog) on LinkedIn here

40. Staffing Industry Analysts estimate the global staffing revenue of the world’s 100 largest staffing firms amounts to 44% of total global staffing revenue, or $270.9 billion (This data is from 2023.)

41. The five largest recruitment and staffing companies in the world, based on revenue, are Randstad (Netherlands), the Adecco Group (Switzerland), ManpowerGroup (U.S.), Allegis Group (U.S.), and Recruit (Japan). (SIA)

42. Nearly half of the world’s 100 largest recruitment and staffing firms, 48, are based in the U.S. The U.K. and Japan followed with 14 and 11, respectively. (SIA)

43. The Savage Recruitment Academy has over 150 hours of quality recruitment training and a unique chatbot, ‘The Savage Coach,’ which answers all your recruitment questions in real-time. But not by scouring the dodgy internet. By accessing the training material on the Academy.  650 recruitment companies have subscribed to the SRA. Check out the short demo

44. The staffing and recruiting industry generates more than $15 billion in revenue toward Canada’s economy.

45. This recruitment company arranged an incredible 1,370 client meetings in one day

46. LinkedIn’s revenue for the fiscal third quarter, ending 31 March 2024, climbed 9% in constant currency compared to the same quarter in 2023, parent company Microsoft Corp. reported last week.

47. First-quarter 2024 revenue at Robert Half International Inc. fell by 13.4% year over year when adjusted for the impact of billing days and currency. International contract revenue was down 7.5% on an adjusted basis, and international permanent placements dropped by 22.1% on an adjusted basis. Group net income was down 48% to USD 63.7 million.

48. Top-performing recruitment agencies who automate critical tasks fill 22% more jobs. (Bullhorn GRID 2024 Survey)

49. There are 70 critical recruiter skills you will need to thrive in 2024

50. Robert Walters Australia has reported a $2 million loss before tax for calendar 2023 (ASIC). The company posted a $5 million profit before tax in calendar 2022. Revenue from Robert Walters’ perm business dropped 28% year-on-year to $27.6 million, while revenue from temp rose 1% to $269.6m. Gross profit was $52.7m, down 17% year-on-year.

51. Recruitment activity in South Africa jumped 32% in the year between April 2021 and April 2022, reflecting a strong hiring trend (Career Junction).

52. ManpowerGroup celebrates 75 years in business. ManpowerGroup was founded as Manpower in Milwaukee, Wisconsin, USA, in 1948 and expanded rapidly, capitalising on the post-war employment boom. It was listed on the NYSE in 1967 and now operates in more than 70 countries throughout the world. It has operated in Australia for more than 50 years.

53. ManpowerGroup’s Australian revenue declined 51% year-on-year in constant currency in the March 2024 quarter. The decline was primarily due to decreased activity in its RPO business, down US$25.3 million (A$38.2m), driven by the end of its ADF contract.

54. In 2023, Korn Ferry was the leading executive search firm worldwide, reporting an annual revenue of roughly 2.8 billion U.S. dollars. Second, in the rankings was Russell Reynolds Associates, with the New York-headquartered management consulting firm generating revenue in the region of 1.04 billion U.S. dollars.

55. The Savage Recruitment Academy has 150 hours of the best quality recruitment training. The Academy has attracted over 650 recruitment and staffing companies to sign up as subscribers. The recently added Savage Coach chatbot has increased engagement substantially. Check out the demo here

I secured these stats from numerous sources, primarily the REC and Staffing Industry Analysts. Other sources are nominated above, including ACESS,  Amercian Staffing Association,  Bullhorn, Statista, and Shortlist.

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Two of the biggest-selling recruitment books ever

Get yours

The Savage Truth

Recruit. The Savage Way

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