Standard Report | Premium Report | |
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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
Government Vendors | ||
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2024 U.S. Industry Statistics & Market Forecast - Employment Placement Agencies
Market Size & Industry Statistics
The total U.S. industry market size for Employment Placement Agencies:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Employment Placement Agencies industry is rapidly evolving due to a variety of key trends. Firstly, there is a growing demand for specialized recruitment services, particularly those catering to niche industries such as technology or healthcare. This is being driven by the need for highly skilled workers, and the rise of the gig economy.Another key trend is the increasing use of technology and artificial intelligence (AI) in recruitment processes. Many agencies are using software to automate tasks such as resume screening and candidate sourcing, while AI is being utilized for predictive analytics, which helps employers improve hiring accuracy.
The industry is also experiencing a shift towards more flexible and temporary employment arrangements, as businesses seek to manage costs and reduce risk. This trend is being supported by the rise of online platforms and mobile apps that offer on-demand and gig-based work.
Further, there is a growing emphasis on diversity and inclusion in hiring practices, with many agencies developing programs and services to help employers recruit a more diverse workforce. The industry is also seeing the emergence of new players such as online staffing platforms and freelance marketplaces, which are disrupting traditional recruitment models.
Finally, the COVID-19 pandemic has had a significant impact on the industry, with widespread furloughs and job losses driving up demand for outplacement and career transition services. Many agencies are adapting to the new normal by offering virtual job fairs, webinars, and coaching services to help jobseekers navigate the challenging job market.
Product & Services Breakdown
Research products and services in the Employment Placement Agencies industry generating sales. Note that products are broken into categories with different levels of classification.Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
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Industry Total |
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Permanent (Direct Employee) Placement Services |
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Independent Contractor Placement Services |
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Temporary Staffing Services |
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Temporary Staffing - Office/Clerical And Administrative Support Staff |
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Temporary Staffing - Industrial/Trades Staff |
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Temporary Staffing - Health Care Staff |
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Temporary Staffing - Information Technology (It) Staff |
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Management And Coordination Of Temporary Help (Program Management At Client's Location) |
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Employment Placement Agencies company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Employment Placement Agencies industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Employment Placement Agencies measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 3% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 1% | |||
Business and Financial Operations Occupations | 9% | |||
Business Operations Specialists | 8% | |||
Healthcare Practitioners and Technical Occupations | 5% | |||
Office and Administrative Support Occupations | 14% | |||
Production Occupations | 16% | |||
Assemblers and Fabricators | 7% | |||
Miscellaneous Assemblers and Fabricators | 6% | |||
Other Production Occupations | 6% | |||
Transportation and Material Moving Occupations | 24% | |||
Material Moving Workers | 22% | |||
Laborers and Material Movers | 20% | |||
Laborers and Freight, Stock, and Material Movers, Hand | 14% |
Employment Placement Agencies Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Employment Placement Agencies industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Employment Placement Agencies industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Employment Placement Agencies industry. |
Innovation News
- May 30, 2023: North Lawndale Employment Network trademarks "BEELOVE" - clothing
- Apr 18, 2023: Nurse Staffing LLC Dba Nurses 24/7 trademarks "ALLIED 24/7" - Employment staffing services
- May 31, 2020: Incredible Health trademarks "INCREDIBLE HEALTH" - Career placement; career planning services; dissemination of advertising matter; employment recruiting services; job and personnel placement; providing career information; providing employment information; providing on-line employment placement services
- Jul 12, 2017: Incredible Health raises $2 million in funding.
Recent Federal Contracts for Employment Placement Agencies- Feb 23, 2024: DATASOFT TECHNOLOGIES INC (Greer, SC) awarded $38,861
- Feb 14, 2024: CARAHSOFT TECHNOLOGY CORP (Reston, VA) awarded $183,562
- Jan 22, 2024: URBAN ALLIANCE FOUNDATION INC (Washington, DC) awarded $117,000
- Jan 16, 2024: RIVIDIUM INC. (Vienna, VA) awarded $635,505
- Jan 05, 2024: GLOBAL EMPIRE LLC (Harrisburg, PA) awarded $12,790
- Feb 23, 2024: DATASOFT TECHNOLOGIES INC (Greer, SC) awarded $38,861
- Feb 14, 2024: CARAHSOFT TECHNOLOGY CORP (Reston, VA) awarded $183,562
- Jan 22, 2024: URBAN ALLIANCE FOUNDATION INC (Washington, DC) awarded $117,000
- Jan 16, 2024: RIVIDIUM INC. (Vienna, VA) awarded $635,505
- Jan 05, 2024: GLOBAL EMPIRE LLC (Harrisburg, PA) awarded $12,790