As a tumultuous year comes to an end, what is the current state of play for the engineering staffing market? The world of staffing and workforce solutions is more complex than ever before. As the supply and demand for talent continue to change, engineering staffing leaders need to adapt quickly to turn disruptive obstacles into revenue-producing opportunities.
In periods of heightened economic uncertainty, access to timely and relevant data becomes increasingly necessary for business managers. This is certainly the case for engineering staffing executives as they assess strategic planning initiatives and attempt to construct a 2021 operating budget, for example.
Here are several SIA reports that you may have missed this year that can help you navigate the uncertainty and hopefully ultimately thrive as the recovery kicks in.
Engineering Staffing Growth Assessment
The comprehensive 53-page annual report provides in-depth analysis of the rapidly evolving global engineering staffing market. The report is divided into 6 sections, including demand drivers, target markets and skillsets, the war for talent, market size and participants, growth prospects and benchmarking data and M&A activity.As readers will see, immense changes have spread across a broad range of subjects within the engineering staffing segment since our previous update.
Largest Engineering Staffing Firms in the US: 2020 Update
SIA estimates that 26 firms generated at least $50 million in US engineering temporary staffing revenue in 2019. Added together, these firms generated $6.4 billion in such revenue, accounting for 72% of the market, by our estimates. The complete list of 26 firms is in this report.
Engineering Staffing in the UK
The report provides an overview of the UK engineering staffing market which according to SIA estimates is the largest engineering staffing market in EMEA. It provides an analysis of the growth of temporary and self-employed engineering workers over the past five years, data on average salaries by industry vertical and insights into engineering enterprises by region, size and vertical.
US Staffing Industry Pulse Survey Report
In this selected highlight version, we provide year-over-year revenue statistics for all US skill segments. Staffing firms that participate in the survey gain access to the full 35-page report of results. The full report contains insights on trends in revenue, bill rates, orders, gross margins, recruiting/sales difficulty, and a six-month outlook for each staffing skill segment. You can participate by visiting our SIA Research Surveys webpage.
Our monthly jobs report and associated tools are convenient ways for our members to stay on top of US labor market trends. The December report shows that there were 624,000 individuals employed in the Natural Resource/Mining industry in the US in November 2020, a decline of 13.8% from November 2019.
Although today’s economic uncertainty leaves leaders in the staffing industry guessing what’s next, one thing is clear: It is going to be an interesting ride. SIA’s content and data can keep you informed and ahead of the curve, helping you make sense of what is happening in the world of work.
We wish our readers a happy and healthy new year!
