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News » U.S. IT staffing revenue declines 5% in H1 2023

U.S. IT staffing revenue declines 5% in H1 2023

US IT staffing revenue

CALIFORNIA, UNITED STATES — Global research and advisory firm Staffing Industry Analysts (SIA) reported a five per cent median decline in IT staffing revenue for the first half of 2023, a smaller drop than anticipated given last year’s robust performance and the current challenging market. 

The survey encompassed 25 IT staffing companies in the United States and revealed a 1.2% aggregate revenue dip and a 4.5% fall in hours billed, alongside a 3.3% rise in billing rates.

While revenue for roles like business analysts grew 11% and project managers and cloud architects saw a seven per cent boost, help desk and enterprise maintenance roles faced a steep 23% revenue decline.

Meanwhile, cloud architects commanded the market’s top median hourly rate of $121, but still experienced a talent shortage, reflected in a 3.7 recruiting difficulty score on a 5-point scale.

At the same time, contract durations made a slight uptick to 11.9 months during H12023, up from last year’s 11.5 months. 

Notably, SIA revealed that 73% of the revenue was generated directly from clients, bypassing Vendor Management Systems (VMS), pointing to a potential shift in how companies engage with IT staffing services.

The SIA report offers a concise overview of the IT staffing market’s performance and trends as of mid-2023.

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