A report by the Staffing Industry Analysts’ reports a rosy picture for the long-range staffing industry in the U.S. “We forecast that the U.S. temporary help services market will grow at a compound annual rate of 4.6% between now and 2022. Underlying our forecast is our expectation of continued shifts away from the use of independent contractors due to misclassification enforcement, as well as the deepening adoption of temporary workers in both professional and industrial occupations. For example, the utilization of temporary workers in healthcare occupations and construction occupations remains below the national average, and so we believe increasing adoption rates will facilitate future growth in these markets, “says Timothy Landhuis, senior research analyst at Staffing Industry Analysts.
There’s significant growth expected with higher-skilled jobs according to Bureau of Labor Statistics projections used in SIA’s analysis in industries such as healthcare, educational services, professional and business services.
The construction industry also expect the fastest in projected job growth. While manufacturing, utilities and the federal government are expect to slow.
Is your staffing company ready for the overall rapid growth? At Paragon Financial we have been working with temporary staffing firms for over 20 years. We know the ins and outs of your business and how to help grow your company through working capital solutions such as receivable financing.
Give us a call, e-mail or chat with us today to find out how we can help you.