Staffing 360 Solutions releases white paper on the staffing industry
Titled "Staffing Industry Report: Consolidation Opportunity," the white paper describes the worldwide staffing industry, which generates an estimated $416 billion in annual revenues, as well as the many opportunities for consolidation within this high-growth sector of our economy. According to the white paper, outside of the top 10 staffing firms in the world, no other company has greater than 1% market share.
The white paper states, "The staffing industry is highly fragmented, with an estimated 15,000 staffing companies generating less than $20 million in annual sales in the United States alone."
The paper goes on to say, "There are approximately 70,000 private employment services agencies around the world. Overall, the U.S. is the world's largest staffing market, with $124 billion of annual sales and more than double the size of the next largest country. Meanwhile, Europe remains the largest region, representing approximately 40% of global staffing revenues."
The publication of the white paper is a part of Staffing 360's investor outreach and education program. To view the full white paper (free of charge, in PDF format), please visit: www.staffing360solutions.com/content/stafwpindustry.pdf