Global staffing industry revenue to grow by 9% in 2022 — SIA
The global staffing industry is projected to expand by nine per cent by end-2022, following growth of 21% in 2021, said global advisor on staffing and workforce solutions Staffing Industry Analysts (SIA).
In its latest “Global Staffing Market Estimates and Forecasts” report, SIA estimates that the staffing industry generated USD 599 billion in revenue worldwide in 2021.
Three countries — the United States (US), Japan, and the United Kingdom (UK) — comprise the majority of the revenue, while the top 15 countries combined accounted for 88% of total global staffing revenue.
About 86% consisted of temporary staffing and the remainder comprises place and search.
The SIA forecast reflects the view of the majority of the business community that the worst of the COVID-19 pandemic has passed.
However, the analysts warned that there is still some downside risk due to the pandemic, skills shortages, supply chain disruption, inflation, and the war in Ukraine.
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