Staffing median revenue decline eases in latest Pulse survey

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Temporary staffing revenue fell a median 5% year over year in December 2023 among staffing firms taking part in SIA’s latest Pulse report. The decrease was an improvement from the 10% decline recorded in the previous Pulse report covering October 2023. In addition, the latest Pulse survey asked staffing firms how AI may benefit their operations this year.

The Pulse survey also looked at temporary staffing revenue by skill segment.

Allied healthcare and locum tenens staffing posted the highest median year-over-year revenue growth rates in December at 11% and 8%, respectively. On the other hand, travel nurse staffing revenue fell 19%.

Median revenue growth was flat in both IT and industrial staffing. Revenue fell 1% year over year at the median in office/clerical.

Also, this month’s Pulse survey asked in what ways staffing firms see AI benefitting their operations this year. Top responses included using generative AI to write emails and other communications, marketing tasks and write job descriptions or job postings.

For the AI question, 106 firms responded. The full survey included 188 staffing companies.

Corporate members can download the US Staffing Industry Pulse Survey Report: January 2024 Selected Highlights. However, the full Pulse report is available only to companies that took part in the survey. For more information on participating in the next survey, contact cstarkey@staffingindustry.com.