SIA Announces Annual List of Fastest-Growing US Staffing Firms
Mountain View, California — September 23, 2020 — Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, has announced the 2020 List of Fastest-Growing US Staffing Firms. This year 75 companies qualified for inclusion on the annual list. The list ranks firms by compound annual growth rate (CAGR) for staffing revenue from 2015 through 2019, excluding acquisitions.
To qualify for the list, companies needed to have had at least $1 million in staffing revenue in 2015 and at least 15% CAGR between 2015 and 2019. The median CAGR for the top 10 companies this year was 56.3%. For the full list, it was 27.4%.
“This year’s fastest-growing firms stand out as staffing industry leaders, accelerating growth in a rapidly evolving talent landscape and rising to market challenges and opportunities for success,” said Barry Asin, SIA President. “Congratulations to all of the 2020 Fastest-Growing companies on their competitive performance and strong organic growth rates as they set the pace across staffing segments and business lines, and provide an industry roadmap for future success.”
The ten fastest-growing US staffing firms are:
|Company||2019 US Staffing Revenue ($millions)||CAGR 2015-2019|
|GQR Global Markets||35.1||47.5%|
|Phaidon International (US)||88.4||47.3%|
|Next Level Business Services||245.0||46.7%|
California led the list as the state with the most company headquarters for firms on the list, with seven, followed by Georgia, New Jersey and Texas with six each. IT was the most prevalent segment, with 31 firms operating in the space, while Healthcare was the second most common segment, counting 25 firms active in the space.
The largest companies (7) exceeding $300 million in revenue on the 2020 list include Aya Healthcare, Health Carousel, HealthTrust Workforce Solutions, Medical Solutions, Rose International, Signature Consultants and US Tech Solutions.
The September/October 2020 issue of Staffing Industry Review magazine features interviews with executives and business leaders from the 10 fastest-growing staffing firms on growth and strategies for success. These profiles, along with the full list of the 75 fastest-growing companies for 2020, debuts on http://fastestgrowing.staffingindustry.com/ this week.
The full 2020 List of Fastest-Growing Staffing Firms US report is available for SIA’s Corporate and CWS Council Members
About Staffing Industry Analysts (SIA) SIA is the Global Advisor on Staffing and Workforce Solutions Elevating the Workforce Solutions Ecosystem
Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor. SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.
Known for our award-winning content, data, support tools, publications, executive conferences and events, we help both suppliers and buyers of workforce solutions make better-informed decisions that improve business results and minimize risk. As a division of the international business media company, Crain Communications Inc., SIA is headquartered in Mountain View, California, with offices in London, England.