Market niche insider – Making staffing firms work

Description

Abstract: Staffing is a cyclical industry that fluctuates with the economy; revenue dwindles during downturns, and the current one is no exception. But observers expect that, as the economy gradually regains momentum, there will be a surge in the demand for temporary and permanent staffing services. But this also will be in response to changing trends within the industry, such as the shift to higher-skilled temps and “temp-to-hire” arrangements. To make the most of the next upswing, lenders should be sure that their employment-firm borrowers are revising their business models to keep up with the latest staffing industry trends.