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Temp staffing platform income dips 17% amid difficult surroundings

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April 09, 2024

The quantity of income flowing via momentary staffing platforms fell by 17% in 2023 to $18.0 billion, in line with analysis by SIA. A difficult enterprise surroundings resulted in fewer staffing companies pursuing platforms in 2023. Nonetheless, income going via momentary staffing platforms posted a 73% compound common development fee since 2019.

And whereas 2023 was a down yr, staffing companies proven curiosity in temp staffing platforms over earlier years. In response to the report, 12 of the 15 largest staffing corporations worldwide had a staffing platform final yr, up from simply 4 in 2019.

Temp staffing platforms are notably huge in healthcare staffing. They characterize greater than 20% of US staffing income for journey nurse, per diem and allied healthcare staffing.

How are temp staffing platforms outlined? Right here’s the entry from SIA’s Lexicon:

“Non permanent staffing platforms optimize the matching of the very best, most related momentary employees to a given job, leverage automation and digital efficiencies to deploy them sooner, and intention to ship fill charges close to 100% with as little human intervention as attainable. These platforms marry expertise and processes present in expertise platforms comparable to a two-sided digital labor market, scores techniques, algorithmic recruiting, administration and matching with conventional staffing agency pricing fashions.”

Examples of staffing platforms embody Trusted Well being and Aya Healthcare’s MyAya for healthcare roles and Job&Expertise and TrueBlue Inc.’s (NYSE: TBI) JobStack for industrial roles.

The Non permanent Staffing Platform Replace: 2024 report is offered to company members of SIA.

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