Staffing/ temporary employment companies - additional information
Employment or recruitment agencies find candidates for client companies looking for part time or full time staff. Depending what the client company requires, the candidates are hired as either full employees of the client, or work on a temporary sub-contract basis in which they remain an employee of the agency. Staffing and recruiting industry sales in the U.S. reached 161 billion U.S. dollars in 2019. This was a recovery in sales for the staffing industry after the 2009 global recession, when sales dropped around 31 billion U.S. dollars, reaching 80 billion U.S. dollars.
The second largest staffing agency worldwide was Adecco in 2020, which generated 19.58 billion U.S. dollars in revenue. Adecco is based in Switzerland and was founded in 1996. The firm has four main service lines – temporary staffing, permanent staffing, career transition service and outsourcing and talent development services. Adecco’s largest service line was temporary staffing in 2019, accounting for 86 percent of the firm’s total revenue.
ManpowerGroup ranked as the third largest staffing agency worldwide. The U.S. based firm conducts its business throughout the world, with operations in Southern and Northern Europe, the Americas, Asia-Pacific and the Middle East. Between 2006 and 2019, Manpower generated its highest annual revenue in 2011 at 22.01 billion U.S. dollars. Since 2012, the company has made around 20 billion U.S. dollars year-on-year. Despite minimal growth in revenue, in recent years the income of Manpower has increased from 197.6 million U.S. dollars in 2012 to 465.7 million U.S. dollars in 2019.