October 18, 2022
The Canadian momentary staffing trade is projected to develop 13% in 2022 to C$10.3 billion, in keeping with Staffing Trade Analysts’ new report, “Largest Staffing Companies in Canada and Market Outlook: 2022 Replace.”
The report additionally discovered that 31 companies generated at the very least C$50 million in Canadian staffing income in 2021. In complete, these 31 companies generated C$7.0 billion in income final yr, representing 73% of the market share.
SIA expects the skilled staffing phase in Canada to develop 15% this yr to a file stage of C$5.6 billion; the phase continues to be supported by development within the oil and fuel sector in addition to ongoing however softening demand in demand in IT staffing. Canada’s industrial staffing sector is forecast to extend 10% this yr, with its restoration constrained by provide chain disruptions and labor shortages. The sector had fallen 15% in 2020 and rose 10% final yr.
“Whereas there are storm clouds on the horizon, staffing stays sturdy,” stated Michael Schultz, SIA analysis analyst and writer of the report. “Inflation continues to help wage- and bill-rate will increase, international vitality markets are offering a sturdy tailwind for Canadian skilled staffing, and at most simple, there may be extra demand for employees than there are folks obtainable to fill these jobs. Issues might gradual subsequent yr, however by historic requirements the Canadian staffing trade will proceed to be fairly wholesome.”
The 5 largest Canadian staffing companies by income are:
- Allegis Group, C$930 million
- Randstad, C$860 million
- Adecco, C$659 million
- ManpowerGroup, C$540 million
- S.i. Techniques, C$500 million
5 companies included on this yr’s rating that didn’t seem in final yr’s report: Aplin, ASGN Inc., Brunel, Fuze HR and Stream Supply.
For 2023, SIA initiatives the Canadian industrial momentary staffing sector and the skilled momentary staffing to broaden by 4% and seven%, respectively.
The full report is accessible to company members of Staffing Trade Analysts.