Revenue of global staffing industry 2008-2020

Following years of continuous growth, the global staffing industry revenue amounted to 497 billion U.S. dollars in 2020. Due to the coronavirus (COVID-19) outbreak in 2020, the global revenue of the sector decreased by about 11 percent, reaching 442 billion U.S. dollars in 2020. The industry has been predicted to bounce back strongly, generating more revenue than before the coronavirus pandemic in both 2021 and 2022.

Staffing companies

Staffing firms strive to assist organizations in finding and hiring staff, at all levels. The industry is divided into two main segments, search and recruiting - for hiring new or promoting internal staff - and temporary/agency staffing - for providing workforce to fill in vacancies for specific functions. Based on 2019 revenues, Randstad, was the leading staffing firm worldwide.

Staffing industry in the United States

The staffing industry in the United States is one of the largest worldwide and has also experienced continuous growth in the years prior to 2020, reporting a revenue of nearly 152 billion U.S. dollars in 2019. Similarly, due to the disruptions caused by the COVID-19 pandemic, the U.S. staffing market is also expected to decrease in 2020, with an estimated revenue loss of 32 billion U.S. dollars.