May 24, 2024
Temporary staffing revenue fell a median 1% year over year in April among the 177 staffing firms taking part in SIA’s latest Pulse Survey report. The decline was smaller than the decrease of 5% year over year in the previous Pulse Survey based on February data.
Looking at individual staffing segments, the picture was mixed.
Locum tenens saw revenue grow by a median 21% year over year in April. It was among the strongest segments. Other areas of growth were engineering, with revenue up a median 3%, and industrial, with revenue up 2%.
The biggest year-over-year declines in revenue were travel nurse staffing, down a median 21%, and per diem nursing, down 3%.
Revenue growth was flat in four segments as well as direct hire and retained search.
The Pulse survey for April asked respondents what actions they took in response to the current challenging environment. The most common answer, cited by 55%, was “increasing sales headcount.” It was followed by “increased marketing spend” and “internal incentives for new business wins,” each at 46%.
Corporate members can download the US Staffing Industry Pulse Survey Report: May 2024 Selected Highlights. However, the full Pulse report is available only to companies that took part in the survey. For more information on participating in the next survey, contact cstarkey@staffingindustry.com.