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Canadian momentary staffing income to succeed in C$10.3 billion this 12 months: SIA

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October 18, 2022

The Canadian momentary staffing trade is projected to develop 13% in 2022 to C$10.3 billion, in response to Staffing Business Analysts’ new report, “Largest Staffing Companies in Canada and Market Outlook: 2022 Replace.”

The report additionally discovered that 31 corporations generated a minimum of C$50 million in Canadian staffing income in 2021. In whole, these 31 corporations generated C$7.0 billion in income final 12 months, representing 73% of the market share.

SIA expects the skilled staffing phase in Canada to develop 15% this 12 months to a file degree of C$5.6 billion; the phase continues to be supported by progress within the oil and gasoline sector in addition to ongoing however softening demand in demand in IT staffing. Canada’s industrial staffing sector is forecast to extend 10% this 12 months, with its restoration constrained by provide chain disruptions and labor shortages. The sector had fallen 15% in 2020 and rose 10% final 12 months.

“Whereas there are storm clouds on the horizon, staffing stays robust,” mentioned Michael Schultz, SIA analysis analyst and creator of the report. “Inflation continues to help wage- and bill-rate will increase, world power markets are offering a sturdy tailwind for Canadian skilled staffing, and at most simple, there may be extra demand for staff than there are folks accessible to fill these jobs. Issues might gradual subsequent 12 months, however by historic requirements the Canadian staffing trade will proceed to be fairly wholesome.”

The 5 largest Canadian staffing corporations by income are:

  1. Allegis Group, C$930 million
  2. Randstad, C$860 million
  3. Adecco, C$659 million
  4. ManpowerGroup, C$540 million
  5. S.i. Programs, C$500 million

5 corporations included on this 12 months’s rating that didn’t seem in final 12 months’s report: Aplin, ASGN Inc., Brunel, Fuze HR and Stream Supply.

For 2023, SIA tasks the Canadian industrial momentary staffing sector and the skilled momentary staffing to increase by 4% and seven%, respectively.

The full report is on the market to company members of Staffing Business Analysts.

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