the staffing industry -- vedicsoft

The Staffing Industry

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The Staffing IndustryWhat kinds of services do staffing companies provide?Staffing companies offer a wide range of services, including temporary and contract staffing, recruiting and placement, outsourcing, training, and human resources consulting.

FactsStaffing companies match millions of people to millions of jobs. 2.01 million people are employed by staffing companies every business day. 8.6 million temporary and contract employees are hired by U.S. staffing firms over the course of a year. 79% of staffing employees work full time, virtually the same as the rest of the work force.

Topics

Staffing industry ComponentsStaffing Industry Markets and Solutions

Staffing Industry ComponentsThree Major Components…

The EmployerThe Employer is a company or organization that has a need.

Needs can be described as follows:

Temporary EmploymentPart-Time EmploymentFull-Time Employment

Temp-T0-HireDirect Hire

Customized Solutions

The Employer

The Employee

The Employee is an individual that is actively seeking employment.

Employees can have many skill levels such as:

General LaborerEquipment Operator

Office / ClericalManagement

Executive

The Employee

The Staffing Firm

The Staffing Firm is the organization that pulls all of this together.

The way it all works:

The Employer Identifies a need to The Staffing Firm

The Staffing Firm recruits an The Employee to fulfill that need

The Employee reports to The Employer

The Staffing

Firm

Staffing Industry Markets and Solutions

Traditional vs. Non-Traditional

TraditionalExample:

Administrative & Office

Receptionist TypingSchedulingFiling

* Billed to customer in terms of hours worked

Non-TraditionalExample:

Output SolutionsWarehousingForklift OperatorUnloading Laborer

* Billed to customer in terms of units produced

How Big is The Industry?

The staffing industry generated approximately $61.4 billion in sales in 2009: $53.5 billion from temporary and contract staffing and $7.9 billion in search and permanent placement services.

•There are about 6,000 firms that have been in business a year or more. Those companies operate approximately 20,000 offices.

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