Statistics Your Staffing Company Needs to Know

staffing factoring company

Staffing Companies Are an Open Window

Every year, the staffing industry supplies jobs for around 14 million Americans a year. That’s a lot of people! Working with a staffing company is beneficial to all parties involved. The employers don’t have to take the time out of their day to search for candidates, they will have skilled professionals who know exactly what to look for. The potential employees don’t have to spend the time filling out multiple applications to jobs they might not even qualify for. The staffing firm will partner them with the right company based on their experience and skills. Finally, the staffing firm itself creates a larger network of clients and keeps the cycle moving. Everyone is happy. It’s a safe haven for both job seekers and employers to go where they know they will get results.

Many job seekers say that going through a temporary staffing company to get a job is a way of leading them to a permanent job that they couldn’t get on their own. Nine out of ten employees said that staffing work made then more employable on their resumes. One-third of employees are offered a permanent job by a client where they worked on an assignment, and two-thirds of those offers were accepted.

Breaking Down the Numbers

Permanent employment may be the prize for a lot of job seekers, but it’s not for everyone. One in five employees that go through a staffing agency say that they chose temporary staffing because of the scheduling flexibility. Temporary staffing is also a great way to gain experience while employees have another part time job, or are in school. On the flip side, if employees have done the temporary jobs and are ready to settle in a permanent position, they can look into permanent placement positions.

Here is the breakdown from the American Staffing Association showing industries in which employees work with staffing companies:

37% Industrial

28% Office–Clerical and Administrative

13% Professional–Managerial

13% Engineering, Information Technology, and Scientific

9% Health Care

Looking at these percentages, 37% of employees are placed in an industrial position. This means there are a lot of industrial companies that need temporary and permanent employees. There numbers are something to look at if your small staffing firm is looking to branch out into other industries. Looking at the satisfaction ratings of employees working with a staffing firm, 41% are extremely satisfied with their experience while only 3% are not satisfied at all.

How Your Staffing Company Can Expand its Horizons

As a staffing company in a large industry, it is in your best interest to keep a client returning for their future staffing needs. What should you do if your company has incoming expenses but slow incoming invoice payments? You may be thinking you should head to the bank for a loan. But that could take weeks or even months to receive. If you need money right now to keep your staffing agency growing, you should turn to a staffing factoring company. Invoice factoring is quick and easy and will give you advanced capital in hand within 24-hours of being approved. Factor Finders is your one-stop shop for payroll funding and can also provide staffing firms back office support and payroll services. What are you waiting for?