The staffing industry, comprised of more than 20,000 staffing firms and nearly 15 million staffing employees, contributes $150 billion to the U.S. economy through temporary and contract staffing, recruiting and permanent placement, outsourcing and outplacement, and human resource consulting.
Every day and in virtually every place that people work, staffing businesses send more than three million employees to work in America across all industries. Since 2009, this is a segment of third party recruiting that continues to grow and evolve. If you haven’t yet added contract staffing services to your business, here are four reasons why you should reconsider.
1. Increase Annual Revenue. Isn’t this the bottom line to any business? Saying yes to contract staffing is saying yes to more sales and profitability. With the increased demand for contract staffing with no end in sight, it’s time to stake your claim.
2. Be a Full Service Agency. If it hasn’t already happened then it’s just a matter of time before your direct hire clients ask you to fill a contract staffing need. Not to mention all the staffing openings you are not asking for and missing out on. The ability to offer your clients retained, contingency and contract staffing makes you a triple threat and a greater asset to your clients.
3. Become Recession Proof. We all remember 2009, even though we would all like to forget. The fact is our economy is cyclical and in down times contracting is the go to choice for many companies across all industries and can be the difference between a good year and a bad year.
4. Sell your firm for more money. The earlier you start building your contract staffing pipeline the more time you have to grow your contracting book of business. This can be a major revenue source when you’re ready to sell your business.
Companies depend on staffing employees to get through busy seasons and to support major projects, new clients, and business growth. The flexibility staffing provides gives companies a competitive edge in matching resources and payroll to the needs at hand. More and more, companies are placing an increased premium on more flexible and agile workforces—and staffing plays a vital role in that strategy.
Time has shown that contract staffing isn’t just good for our economy; it is an essential part of the recruiting industry that provides vital flexibility and support to businesses, and opportunities and flexibility for employees. And as the economy continues to evolve, with information and connectivity coming to dominate its core, the contract staffing market will continue to pay dividends to all recruiting firms who say yes to contract staffing.
The best news is that it’s easy to add to your current services using a turn-key back office partner that will handle all the financial risk, liability and headaches while you enjoy the four benefits we’ve discussed. There is no better time to say yes to contract staffing!
Learn more at www.ARGbackoffice.com.