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.

And, recently, another significant piece of “good news” has surfaced. The United States’ staffing industry total revenue will have increased by 7% before the end of this year, followed with a projected 6% augmentation in 2016, bringing the total revenue to an all-time-high of $142.4 billion, according to Staffing Industry Analysts (SIA).

This growth has surpassed the initial projections casted at the beginning of 2015. What has bolstered this unpredicted surge is the large expansion of healthcare staffing, finance/accounting staffing, IT staffing, and the demand for temporary, skilled industrial labor.

The Affordable Care Act is much to thank for the total increase in the health care faction of temporary staffing. Because of the ACA, bill rates have shot up, pouring more money into the industry.

It is truly great to hear that the industry is growing far more than what was expected. Surpassing great expectations is rather rare, so this has been quite a feat. Wise staffing company owners are looking to capitalize on this 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.