The recent forecast is that the total U.S. staffing industry will grow 6% in 2015 and 5% in 2016, to reach a size of billion. The forecast is based on the U.S. GDP growth of 2.9% (the highest in a decade) in 2015 and 2.7% in 2016.
The U. S. GDP growth will be responsible for the increase in staffing firm revenues in the next two years and will be accelerated by increasing wage inflation due to falling un-employment rates and a high resource (candidate) scarcity. The presence of these factors affecting growth was seen during the last few years.
Due to the Affordable Care Act (ACA), the forecast is of 1-2% of revenue growth in 2015 and 1% in 2016. The revenue growth is for both industrial and office/clerical segments and will be influenced by administrative and insurance costs that are passed to the clients.
Logically, this forecast may not adhere to the numbers stated above as it is rumored that the next recession will start in 2016. The possibility of recession looms over growth because the recent U. S. economic expansion is entering its sixth year and the average length of the last five economic expansions is 5.9 years.
Intelliswift has already developed a stronghold in the Information Technology industry vertical and in related areas requiring staffing expertise. We are also a considerable force in the Legal staffing domain and are continuously winning over new business opportunities. We have recently entered into the Healthcare sector and are implementing our plan to build our presence. The staffing industry forecast has only helped us more in strategizing and planning our expansion.