Staffing Industry Revenue Hits $142.4 Billion

It is no secret that the American staffing industry is strong, and getting stronger. Its growth has been well documented and publicized in recent years.

However, “annual sales for temporary and contract staffing totaled $142.4 billion in 2023, a decrease of 10.5% from the record high number of $159.1 billion in 2022, but on par with the level seen in 2021″ according to the American Staffing Association.

Wise staffing company owners are looking to capitalize on future good fortune and expand their businesses. But, it is very hard to do that with an inadequate cash flow. Is bad credit preventing you from getting a bank loan? Do you feel as if waiting for your business partners to pay off outstanding accounts receivables is preventing you from taking your company in the direction that it should be going? If so, then ought to look into staffing invoice factoring. Factoring for staffing companies offers owners a unique set of benefits that other methods of financing simply cannot. Start using your money wisely, and take advantage of the favorable economy.