Dive Brief:
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The American Staffing Association (ASA) advises that the staffing industry as a whole is growing at a faster rate than the labor market and economy can keep up with. In fact, the staffing industry is expected to generate nearly $140 billion just in 2016, providing new jobs and workforce development opportunities worldwide.
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Rebecca Klose who writes for Newswire, says, “In the average week, over 3 million temporary and contracted employees are placed by staffing agencies around the country. Over a typical year, these companies employ more than 16 million people.”
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Klose heard from Derek Cafferata, the CEO of All State Franchise Finders, an organization dedicated to the franchising industry across the USA, who supports this upward growth in the staffing market based on current trends and research. Cafferata says, “Any business owner looking for a franchise opportunity should consider entering into the staffing and recruitment industry. It is an industry that has shown constant and continued growth over the past few years and all industry experts believe this is set to continue.”
Dive Insight:
In the coming year, the staffing industry is set to experience continued positive growth, producing millions of jobs for workers and generating income for communities around the nation. It’s one of the reasons why so many candidates seek out work through staffing agencies – they know that there is a better chance of gaining permanent placement with a great company this way. On top of that, there is greater flexibility with temp to perm assignments, better wages and benefits, and better job roles.
Klose writes that, based on ASA research, “Nine out of ten temporary employees believe that working through a staffing agency actually makes them more employable” in the job market – probably because they stay employed more and learn additional skills.
As of current statistics, around half of all staffing agencies in America are dedicated to serving the temporary and contract sectors. This offers an excellent opportunity for those interested in starting a recruitment franchise to take advantage of candidate shortages by placing top candidates with expanding companies.
