Boom Time For Personnel And Temp Services Franchises

Franchise.com:

A healthy economy and a continued demand for both long-and short-term employees is driving personnel agencies and temporary employment services-and they love the work. Staffing services is one of the fastest-growing industries in the country. In 2004, the staffing industry generated more than $63 billion in revenues, with temporary staffing accounting for approximately 90 percent and permanent placement contributing the remainder.

Temporary employment and staffing has become an integral part of corporate America as a way companies can increase scale while mitigating employment costs and employment-related risks. According to the American Staffing Association, staffing companies are an increasing source of employment because they offer flexibility and access to a more extensive channel of talented workers.

According to the U.S. Bureau of Labor Statistics (BLS), the staffing industry is expected to create more jobs than any other industry from 2000 to 2010. According to the BLS:

more than 90% of U.S. businesses use staffing services;

71% of employers cite labor force flexibility as the number-one reason for using temps;

79% of temporary employees work full-time, virtually the same percentage as the rest of the workforce; and

72% of temporary employees obtain permanent jobs while working for a staffing company.

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