Raphael Bohne
Research expert covering professional services
Recruitment industry in the U.S. - statistics & facts
The recruitment industry in the United States has remained a valuable asset to the economy of the country and its workforce in both financial value and labor-related resourcefulness. The global picture from 2022 displayed an industry revenue that amounted to almost 650 billion U.S. dollars. Temporary staffing is a service segment of the recruitment industry providing temporary help and related staffing services to businesses. In 2022, annual temporary and contract staffing employment in the United States amounted to around an extra 15 million joining the national workforce, with the staffing and recruiting industry sales for that year standing at roughly 186 billion U.S. dollars. The industry was hit hard by the coronavirus pandemic but has since bounced back to be even stronger.
Professional staffing - a valuable market
Professional staffing includes those employed in IT, legal, sales and marketing, engineering, accounting and finance, and managerial functions, amongst several other roles and positions. Robert Half International is currently the world’s leading professional staffing company in terms of market capitalization and generated a net service revenue of around 7.2 billion U.S. dollars in 2022. The staffing and recruiting industry market size in the United States has fully recovered since the COVID-19 pandemic and has grown year-on-year since 2020.Major players and major challenges
In 2022, ASGN Incorporated had a cost of services that amounted to roughly 3.2 billion U.S. dollars. In the same year, Kforce generated a net income of roughly 75 million U.S. dollars. Some of the main priorities for recruitment firms for professional roles worldwide have included candidate acquisition and digital transformation. In 2022, IT staffing alone experienced a total of 95 merger and acquisition deals, by far the highest in the recruitment industry for that year.
