Employment Services Industry Research Report
Industry Overview
This industry group comprises establishments primarily engaged in one of the following: (1) listing employment vacancies and referring or placing applicants for employment; (2) providing executive search, recruitment, and placement services; (3) supplying workers to clients businesses for limited periods of time to supplement the working force of the client; or (4) providing human resources and human resource management services to client businesses and households.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Employment Services industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Employment Services companies in the United States.
Employment Services Revenue by State
Distribution by Company Size
| Company Size | All Industries | Employment Services |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Employment Services Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Employment Services industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Temporary staffing services |
| Co-employment services |
| Co-employment services with payroll, benefit, & human resource services |
| Temporary staffing services - industrial/trades staff |
| Temporary staffing services - office/clerical & admin sup staff |
| Temporary staffing services - health care staff |
| Temporary staffing - information technology (it) |
| Permanent (direct employee) placement services |
| Other temporary staffing services |
Salary information for employees working in the Employment Services industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 2% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 1% |
| Office and Administrative Support Occupations | 18% |
| Other Office and Administrative Support Workers | 5% |
| Production Occupations | 21% |
| Assemblers and Fabricators | 7% |
| Miscellaneous Assemblers and Fabricators | 6% |
| Assemblers and Fabricators, All Other, Including Team Assemblers | 6% |
| Other Production Occupations | 10% |
| Miscellaneous Production Workers | 6% |
| Transportation and Material Moving Occupations | 23% |
| Material Moving Workers | 22% |
| Laborers and Material Movers, Hand | 20% |
| Laborers and Freight, Stock, and Material Movers, Hand | 16% |
Government Contracts
The federal government spent an annual total of
$857,669,417 on the employment services industry. It has awarded 14,255 contracts to 721 companies, with an average value of $1,189,555 per company.
Top Companies in Employment Services and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
