Overall review of the growth among staffing firms

Ever since the slowdown of recession in the United States, the fastest growing industry segments having been come to the fore is the Professional & Business Services Segments that include staffing firms of all specializations. In April-2014, unemployment rate dropped from 6.7% to 6.3% with the number of unemployed persons decreasing by 733,000. According to the BLS employment data, nonfarm payroll employment rose by 288,000 in April. In the IT temporary staffing, the median year over year revenue growth was 9% in April down from 11% in March as per the Pulse Survey results that are based on a monthly survey of U.S. staffing firms. The month of May’s survey included the data submitted by 114 staffing companies.

The temporary and contract sales totaled $26.64 billion during the first quarter of 2014 which is 2.6% higher than the same period during 2013. The Palmer Forecast having opined that the demand for temporary workers in the United States is expected to increase by 8.5% on a seasonally adjusted basis for the second quarter of 2014 after a 9.3% increase in first quarter of 2014. This increase is a 17th consecutive quarter of year over year increase in the demand for temporary workers. Businesses as such are looking to staffing companies for providing them flexible workforce solutions in addition to helping them in adding staff or employees to keep up with their growing business demands.

As such, there is now more room for temporary jobs as well as long-term opportunities for job seekers in the form of permanent staffing. Now it is the right time for the companies especially those in IT businesses to choose the right type of specialized IT staffing firm. These IT staffing firms have expertise in dealing with the IT staffing needs of the concerned IT organization. These specialized staffing firms make staffing more convenient and easy for IT companies have the best IT talent. The pressure to have talented employees to fill vacant positions for critical projects is more felt during special projects that need to be completed in time. Therefore, it is better for IT companies to hire the services of large IT staffing agencies that often have global reach, making it possible for these companies to expand their job search to other cities, states and countries.