Temp agency business

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Global Leaders in the Temporary Staffing Market

The five biggest companies in the temp agency market, in terms of revenue, are The Execu/Search Group, Hire Dynamics LLC, Advanced Resources, The QTI Group Inc., and Apprentice Personnel Inc.

Findings


Top 5 temporary staffing agencies

#1. The Execu/Search Group


#2. Hire Dynamics LLC


#3. Advanced Resources


#4. The QTI Group Inc.

  • Revenue: $39.6 million
  • History: The company was founded in 1957 and currently operates as a privately held company employing 51-200 employees. The company specializes in executive search, contract staffing, HR consulting, compensation design, employee engagement, PEO, sales compensation, executive compensation, recruiting, temporary staffing, surveys, and Hogan Assessments.

#5. Apprentice Personnel Inc.

  • Revenue: $14 million
  • History: The company was founded in 1991. It is a privately held company employing 11-50 employees. The company started by providing staffing services to the medical, real estate, hospitality, light industrial, food service, construction-related business, government and military communities. The company specializes in providing temporary, temporary-to-hire, and direct placement staffing to the above-mentioned industries including clerical and administrative workers to all industries.


The Largest staffing firms in the world that provide temporary staffing services

  • As per the Staffing Industry Analysts (SIA's) list, the largest staffing firms in 2017, worldwide (who also provide temporary staffing), ranked according to revenue are presented below.

#1. The Adecco Group

  • Revenue: $22.5 billion
  • The company has temporary staffing capabilities as a service offered.
  • History: The company was founded in 1996. The company is headquartered in Zurich and employs 10,001+ employees. It is a public company specializing in workforce solutions, HR services, staffing, and recruitment. The company claims to contact 700,000 people on any given day with opportunities pertinent to their skill sets.

#2. Randstad


#3. ManpowerGroup

  • Revenue: $19.2 billion
  • The company has temporary staffing capabilities as a service offered.
  • History: The company was founded in 1948. The company is headquartered in Milwaukee, Wisconsin and employs 10,001+ employees. It is a public company specializing in permanent recruitment, temporary recruitment, contract recruitment, employee assessment, innovative workforce solutions, training and development, employee outplacement, employee outsourcing, and employee consulting.
  • In 2018, the company was named one of the World’s Most Ethical Companies for the ninth year and one of Fortune’s Most Admired Companies for the sixteenth year.

#4. Allegis Group

  • Revenue: $10.2 billion
  • The company has temporary staffing capabilities as a service offered.
  • History: The company was founded in 1983. The company is headquartered in Hanover, Maryland and employs 10,001+ employees. It is a privately held company specializing in staffing & HR services; IT staffing and consulting; technical, professional and industrial staffing; managerial, professional and accredited accounting; financial staffing; and legal staffing.
  • The subsidiary companies of Allegis Group include Aerotek, TEK Systems, Aston Carter, Allegis Global Solutions, Major, Lindsey & Africa, Allegis Partners, MarketSource, EASi, The Stamford Group, and Getting Hired.


#5. Recruit


Research strategy

To determine the major companies in the temp agency market, we started our search by looking into reports by agencies who were specialists in this domain. We found that Staffing Industry Analysts (SIA) compiled a list of the largest staffing firms globally each year. However, the latest rankings available were for the year 2017 as the 2018-list could only be accessed by members. The 2017 list provided the list of the largest staffing companies globally. However, their list did not make a distinction between temporary staffing agencies and general staffing agencies.

To determine if the agencies mentioned specialized in temporary staffing, we looked into the annual reports published by reputable recruitment portals (such as Payscale, Glassdoor) and social networking sites for professionals i.e. LinkedIn. However, these sources, at the most, provided reports on the scope of staffing and not on the staffing agencies.

We also looked into market research sources (such as Markets and Markets, GM Insights, Grandview Research, and Ibis World) to determine the overall market leaders. The portion of the reports published by these agencies that were accessible did not mention the top players in the industry but only provided information on the market size.

We looked into reports published by trusted business media (such as Forbes, Business Insider, Inc.com) and reports prepared by reputed consultancies (such as McKinsey, Bain, BCG, Deloitte, among others). These sources either provided the total market size or referred to the SIA list while giving out no further details on temporary staffing industry players.

Last, while looking into sources such as Medium, Balance, Verge and LinkedIn blogs and came across the list by Betterteam, which provided information on 75 staffing agencies. As the list included players such as Randstad and Adecco, which were global players, it was considered. This list provided a sub-list of 10 companies titled 'Top Temporary Staffing Agencies'. This list was further analyzed as described below.

HOW THE COMPANIES WERE RANKED
Betterteam's list was ranked according to revenues. We searched for the revenue of the ten companies listed on their company website and company databases (such as Hoovers, ZoomInfo, Manta, CB Insights, Crunchbase). Since these were private companies, they did not publish their revenues in publicly filed documents. However, we were able to retrieve the revenues from eight companies. SIA's list had already been ranked according to revenue. We ensured that each of the top companies also provided temporary staffing services.
Sources
Sources

Quotes
  • "This information can only be accessed by qualified members. If you are already a member, please Sign In. If you have signed in, and still don't have access, please call Member Services at 800-950-9496 (North America) or +44 (0) 203 823 9900 (everywhere else). If you need information about becoming a member, please call us or email us at memberservices@staffingindustry.com."
Quotes
  • "So, you’ve taken a break from the workforce—doesn’t matter why—and you're itching to get back. You can take a temp job, prove yourself at a good company, earn a paycheck, get some benefits, and land more assignments through us. "
Quotes
  • "In order for a temporary staffing agency to provide the best service possible, it must understand the clients’ needs first and foremost. By listening to your business's needs and applying over 40 years of temporary staffing experience, Randstad is the leader temporary employment agencies through delivering customized staffing solutions."
Quotes
  • "Whether you’re a job seeker looking for a temporary, contract or permanent position or an organization seeking the right talent and workforce solutions to drive success, ManpowerGroup is your partner in the world of work."
Quotes
  • "Does it feel like it may be impossible to get a handle on your organization’s temporary hiring needs? It’s okay. Allegis Global Solutions (AGS), an Allegis Group company, can help manage your contingent workforce as your managed services provider (MSP) partner. "
Quotes
  • "All employees involved in the operation of the temporary staffing business are in full compliance with laws and regulations, and we will act with a strict attitude toward dispatching companies that do not comply with the laws and contracts related to dispatching. "
Quotes
  • "Temporary staffing supplier Lola Staffing has today announced a full rebrand and unveiled its name change to TempTribe."
Quotes
  • "Industry operators supply businesses with workers for predetermined periods of time to supplement their existing staff. Operators in the industry are considered legal employers of temp workers since they are responsible for payroll, although they do not directly supervise the employees at work sites."
  • "Over the past five years, the Office Staffing & Temp Agencies in the US industry has grown by 5.4% to reach revenue of $176bn in 2018. In the same timeframe, the number of businesses has grown by 2.9% and the number of employees has grown by 4.5%."
  • "The Office Staffing & Temp Agencies in the US industry has no companies with major market shares. "