Data corner: US Temp Penetration Rate
The US temporary employment penetration rate was 2.03% in January, according to the US Bureau of Labor Statistics.
Benchmarks: Global Spend on SOW
SIA estimates SOW consulting to be worth roughly 13.5% of the total $3.68 trillion in contingent workforce spend in 2017.
Benchmarks: VMS spend by client
The majority VMS spend in 2017 was via VMS clients that spent more than $100 million, and have more than 10,000 employees.
Benchmarks: MSP Market Occupational Mix
As part of our VMS and MSP landscape report series, we examine the types of workers that are typically sourced through MSPs. Information technology was the most prevalent skill category in 2017, aside from the catch-all “other professional” category.
Benchmarks: 2017 US contingent workforce spend
The US economy generated $864 billion in contingent workforce spend in 2017, according to Staffing Industry Analysts research.
Benchmarks: Training Offered to Temp Workers
Fifty-seven percent of US staffing firms provide training of some extent to their temporary workers, according to research from Staffing Industry Analysts.
Benchmarks: CW program swings to HR ownership
According to Staffing Industry Analysts’ most recent Workforce Solutions Buyer Survey, HR now owns more of the CW programs than procurement.
Benchmarks: Global spend on the gig economy
B2B human cloud companies such as Upwork and Work Market generated $6.4 billion, a relatively small piece of the $82.4 billion pie.
Benchmarks: US labor participation rate 82.0%, up from below 81% in 2015
The US labor participation rate in June for those 25 to 54 years old was 82.0%, up from below 81% in 2015, but below pre-recession levels of 83%. Also last month, US unemployment rate ticked up to 4.0% in June from 3.8% in May, driven by a surge in the labor force of 601,000 people. […]
Benchmarks: Buyers earn solid NPS score from temps
During its annual Temporary Worker Survey, Staffing Industry Analysts asked, “How likely would you be to recommend your most recently assigned client company to a friend or colleague?”
