Connect with us

Technology

AI Drives Staffing Services Market Transformation, Projected to Grow by USD 236.6 Billion (2024-2028), Fueled by Rising Labor Market Demand – Technavio Report

Published

on

NEW YORK, Sept. 13, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global staffing services market  size is estimated to grow by USD 236.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.53%  during the forecast period.  Increasing demand for jobs in labor market is driving market growth, with a trend towards increase in remote work and hybrid models. However, presence of regulatory compliance for staffing services  poses a challenge. Key market players include Adecco Group AG, Aerotek, Inc., Allegis Group, ASGN Inc, Cornerstone Staffing Solutions, Inc., Eastridge Workforce Solutions, Elwood Staffing Services, Inc., Express Services, Inc., Hays Plc, HUDSON GLOBAL, INC., Insight Global, LLC, Kelly Services Inc., Kforce Inc, PeopleReady, Inc., Randstad NV, Recruit Holdings Co. Ltd., ROBERT HALF INC, Staffing 360 Solutions, Inc., SThree plc, Synergie Group, Volt Information Sciences Inc, and Wipro Ltd..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Temporary staffing, Permanent placement, Contract staffing, Outsourced recruitment, and Executive search), End-user (Information technology, Healthcare, Manufacturing, Finance and accounting, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Adecco Group AG, Aerotek, Inc., Allegis Group, ASGN Inc, Cornerstone Staffing Solutions, Inc., Eastridge Workforce Solutions, Elwood Staffing Services, Inc., Express Services, Inc., Hays Plc, HUDSON GLOBAL, INC., Insight Global, LLC, Kelly Services Inc., Kforce Inc, PeopleReady, Inc., Randstad NV, Recruit Holdings Co. Ltd., ROBERT HALF INC, Staffing 360 Solutions, Inc., SThree plc, Synergie Group, Volt Information Sciences Inc, and Wipro Ltd.

Key Market Trends Fueling Growth

The shift towards remote and hybrid work models, driven by the COVID-19 pandemic, has resulted in a significant increase in demand for remote jobs from both candidates and companies. With businesses expanding globally, setting up physical offices in multiple locations is not always cost-effective. Consequently, there is a growing need for staffing agencies that can provide access to a large pool of skilled and qualified candidates in various locations and offer technological expertise for remote hiring. Staffing agencies play a crucial role in providing flexible working solutions such as work-from-home and hybrid models, in line with companies’ new work arrangements. Leading staffing firms like Robert Half and Kelly Services have expanded their offerings to include hybrid workforce solutions, enabling businesses to manage both in-office and remote workforces efficiently on a global scale. These trends are expected to fuel the growth of the global staffing services market over the forecast period. 

Staffing services have seen significant trends in recent times, with an increase in contract staffing and temporary work. Businesses require flexible workforce solutions, leading to the demand for skilled candidates on fixed-term contracts, casual work, and seasonal positions. Online recruitment has become cost-effective and efficient, allowing staffing agencies to build a talent pool for various workforce requirements. Healthcare staffing continues to be a major sector, with project-related and task-based contracts common in this field. The financial impact of staffing services extends to employee productivity and unemployment rates, which are influenced by business activity. Staffing factoring services and online factoring platforms offer alternative financing options for businesses facing client payment delays or high client turnover. FinTech companies have entered the market, providing digital payment solutions and automated processes. Blockchain technology is transforming factoring contracts, ensuring security and transparency. Recourse and non-recourse factoring options are available, offering credit protection. Domestic and cross-border workforce placements, remote work, and regulatory oversight are key considerations in today’s staffing landscape. Talent mobility, job vacancies, and staffing needs continue to shape the industry, making it an essential part of the financial services sector. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

Staffing services providers operate in a regulatory environment with various laws and regulations that they must comply with to avoid legal repercussions and fines. In the US, the Fair Labor Standards Act (FLSA) sets minimum wage levels, overtime pay, and child labor protections. In Europe, the General Data Protection Regulation (GDPR) requires proper handling of personal data. Asian countries like Japan and South Korea have rules for job security, wages, and fair treatment of workers. India’s Contract Labor (Regulation and Abolition) Act is essential for maintaining licenses and following labor rules. Staffing firms must also adhere to diversity, equity, and inclusion guidelines, which vary by region and industry. These regulations pose challenges in maintaining uniform compliance standards and may restrict the growth of the global staffing services market.In today’s business landscape, staffing services face various challenges. Task-based contracts bring uncertainty, impacting financials and employee productivity. Unemployment rates and business activity influence staffing needs, leading to increased temporary staffing. Staffing factoring services and online platforms offer alternative financing options, but client payment delays and high turnover pose risks. FinTech companies provide digital payment solutions and automated processes, but regulatory oversight is crucial. Uncertainty from client payment delays, non-recourse factoring, and blockchain technology impact factoring contracts. Recruitment agencies face challenges in candidate sourcing, selection, and hiring procedures for permanent staffing. Remote work and cross-border placements add complexity. Recruitment type, job vacancies, staffing needs, and job descriptions require careful consideration. Employers and job seekers rely on staffing agencies for talent mobility and workforce management. Global recruitment services must adapt to workforce preferences and regulatory changes.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This staffing services market report extensively covers market segmentation by

Type 1.1 Temporary staffing1.2 Permanent placement1.3 Contract staffing1.4 Outsourced recruitment1.5 Executive searchEnd-user 2.1 Information technology2.2 Healthcare2.3 Manufacturing2.4 Finance and accounting2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Temporary staffing-  The staffing services market is a significant sector in the human resources industry. Companies rely on staffing firms to find and hire qualified candidates for temporary, contract, or permanent positions. Staffing services streamline the hiring process, saving businesses time and resources. They offer a wide range of services, including recruitment advertising, candidate screening, and onboarding. By partnering with a staffing firm, businesses can access a larger talent pool and improve their hiring outcomes. Staffing services help ensure a good fit between employers and employees, contributing to increased productivity and job satisfaction.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Staffing services have become an essential solution for businesses looking to meet their workforce requirements in a flexible and cost-effective manner. These services encompass contract staffing and temporary staffing, providing skilled candidates for fixed-term contracts, casual work, and seasonal engagements. Online recruitment platforms have revolutionized the industry, offering access to a vast talent pool and streamlined processes. Business activity and unemployment rates influence staffing needs, with industries like healthcare experiencing high demand for staff. Staffing services offer various solutions, including factoring services and online factoring platforms, which provide digital payment solutions and automated processes, facilitated by FinTech companies. Non-recourse factoring and blockchain technology help mitigate client payment delays and high client turnover. The staffing industry continues to evolve, with an increasing focus on talent mobility, cross-border recruitment, and job opportunities in various sectors. Job vacancies and staffing needs are constantly changing, with detailed job descriptions guiding the recruitment process.

Market Research Overview

Staffing services refer to the process of hiring employees for businesses, ranging from contract staffing and temporary staffing to recruitment for permanent positions. Skilled candidates are sourced through various methods, including online recruitment and offline recruitment, to meet workforce requirements. Staffing services cater to various industries, including healthcare, offering staff for fixed-term contracts, casual work, and seasonal work. Cost-effective hiring is a significant benefit of staffing services, allowing businesses to access a talent pool without the financial burden of permanent employment. Factoring services and online factoring platforms offer alternative financing options for staffing agencies, enabling them to manage cash flow and employee payments more effectively. The financial impact of staffing services is significant, with factors such as employee productivity, unemployment rates, business activity, and client payment delays influencing the industry’s growth. Digital payment solutions and automated processes, facilitated by FinTech companies, streamline the hiring process. Regulatory oversight, talent mobility, and workforce preferences are essential considerations for staffing agencies, ensuring compliance and meeting the needs of both employers and job seekers. Recruitment type, hiring procedures, and job vacancies are crucial elements of the recruitment process, from candidate sourcing to employee selection. Staffing services also cater to project-related contracts, task-based contracts, and cross-border workforce placements, offering flexibility and expertise to businesses in various industries. Remote work and domestic placements are increasingly popular options, expanding the scope of staffing services. In conclusion, staffing services play a vital role in connecting businesses with skilled candidates, offering cost-effective hiring solutions, and managing workforce requirements through various recruitment types and workforce management strategies. The industry’s continued growth is influenced by factors such as regulatory oversight, technological advancements, and the evolving needs of the global workforce.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeTemporary StaffingPermanent PlacementContract StaffingOutsourced RecruitmentExecutive SearchEnd-userInformation TechnologyHealthcareManufacturingFinance And AccountingOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-drives-staffing-services-market-transformation-projected-to-grow-by-usd-236-6-billion-2024-2028-fueled-by-rising-labor-market-demand—technavio-report-302246541.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Portland General Electric declares dividend

Published

on

By

PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302834503.html

SOURCE Portland General Company

Continue Reading

Technology

Care Career Announces Acquisition of MAS Medical Staffing, Completing Its First Acquisition Phase and Expanding Annual Revenue Beyond $150 Million, with a Path to Exceed a Quarter Billion by the End of 2026 Through Additional Acquisitions and Organic Growth

Published

on

By

WOODBRIDGE, N.J., July 24, 2026 /PRNewswire/ — Care Career, a rapidly growing healthcare workforce technology organization, today announced the acquisition of MAS Medical Staffing, one of the Northeast’s leading healthcare workforce organizations. Financial terms of the transaction were not disclosed.

The acquisition represents Care Career’s seventh strategic acquisition in the past 24 months, further strengthening the company’s position as one of the largest healthcare workforce organizations in the United States while accelerating its strategy to redefine the future of healthcare workforce management through artificial intelligence, enterprise technology, and workforce innovation.

MAS Medical Staffing has built an outstanding reputation for delivering high-quality workforce solutions through strong client relationships, exceptional clinician engagement, and deep regional expertise throughout the Northeastern United States. The acquisition significantly expands Care Career’s geographic footprint while broadening its access to healthcare professionals, client relationships, workforce data, and regional market intelligence.

Care Career is building a technology-enabled workforce ecosystem powered by its AI-powered workforce platform, where every acquisition contributes not only additional market presence, but also expanded data, enhanced artificial intelligence capabilities, digital innovation, and operational scale that continuously improve the experience for clients and clinicians alike. As the platform grows, every clinician engagement, client interaction, credential, placement, and workforce trend strengthens the intelligence of Career’s technology, creating a continuously improving ecosystem designed to deliver faster, smarter, and more effective workforce solutions.

The acquisition also brings MAS Medical Staffing’s MAESTRA® engagement technology, along with its client relationships and clinician network, directly onto Career’s AI-powered workforce platform. MAESTRA’s scheduling, credentialing, and communication capabilities will be integrated into Care Career’s existing technology stack, further enhancing clinician engagement across onboarding, scheduling, and career management while providing healthcare organizations with greater workforce visibility and operational efficiency.

“Our vision is to build the AI-powered infrastructure that modernizes healthcare workforce management,” said Siva Konatham, Group President and Chief Executive Officer of Care Career. “Under my leadership, Care Career is focused on transforming a fragmented, labor-intensive industry into a data-driven, technology-enabled ecosystem that improves speed, efficiency, and workforce visibility for healthcare providers. Each acquisition strengthens our platform intelligence, expands our scale, and enhances our margin potential. By integrating advanced analytics, AI automation, and digital engagement tools, we are not just growing revenue—we are building a smarter, more scalable model positioned to lead the next era of healthcare workforce solutions.”

The combined organization will leverage expanded recruiting resources, centralized credentialing, advanced workforce analytics, AI-enabled automation, and digital engagement technologies—all powered by Care Career’s AI-powered workforce platform—to deliver broader recruiting capabilities, faster response times, enhanced workforce insights, and expanded national coverage. Clinicians will benefit from a seamless digital experience that simplifies every stage of their careers—from job discovery and credentialing to onboarding, scheduling, communication, and long-term career development.

With seven strategic acquisitions completed in less than two years, representing the first round of acquisitions now totaling more than $150 million in annual revenue, Care Career has rapidly expanded its national presence while executing a disciplined growth strategy focused on technology integration, operational excellence, and workforce innovation. The company has also signed additional Letters of Intent with other entities with expected close dates in the third quarter of 2026. Upon completion of these transactions, coupled with organic growth, Care Career expects consolidated annual revenue to exceed a quarter of a billion dollars by the end of 2026.

The addition of MAS Medical Staffing further strengthens the organization’s ability to serve healthcare systems, hospitals, long-term care providers, outpatient facilities, and other healthcare organizations across an increasingly diverse geographic footprint.

“The healthcare workforce industry is entering a new era where technology, artificial intelligence, and data-driven decision-making will define the market leaders,” Konatham added. “Every acquisition we complete expands the intelligence of our AI-powered workforce platform, enhances the value we deliver to our clients, and creates more opportunities for clinicians. We believe the combination of exceptional people, innovative technology, and strategic scale positions Care Career to lead the next generation of healthcare workforce solutions.”

About Care Career

Care Career is a technology-enabled healthcare workforce solutions company dedicated to transforming how healthcare organizations recruit, engage, credential, deploy, and retain clinical talent. Powered by its proprietary AI-powered workforce platform and supported by advanced artificial intelligence, enterprise technology, and workforce analytics, Care Career is building an intelligent healthcare workforce ecosystem that connects providers and clinicians more efficiently while improving workforce performance, operational effectiveness, and patient care. Following seven strategic acquisitions over the past 24 months the first round of acquisitions totaling more than $150 million in annual revenue and with additional signed LOIs under contract expected to complete shortly, positioning the company to surpass a quarter of a billion dollars in consolidated annual revenue by the end of 2026, Care Career has become one of the nation’s largest and fastest-growing healthcare workforce organizations, serving healthcare providers and clinicians across the United States.

About MAS Medical Staffing

MAS Medical Staffing is a premier healthcare workforce organization recognized for exceptional service, strong client partnerships, and a commitment to connecting healthcare professionals with rewarding career opportunities. With an established presence throughout the Northeastern United States, MAS Medical Staffing has earned a reputation for quality, responsiveness, and delivering workforce solutions that help healthcare providers meet their evolving workforce needs while supporting clinicians throughout every stage of their careers.

View original content to download multimedia:https://www.prnewswire.com/news-releases/care-career-announces-acquisition-of-mas-medical-staffing-completing-its-first-acquisition-phase-and-expanding-annual-revenue-beyond-150-million-with-a-path-to-exceed-a-quarter-billion-by-the-end-of-2026-through-additional-acqu-302834472.html

SOURCE Care Career

Continue Reading

Technology

PointsKash Demonstrates How Businesses Can Build on Bitcoin Without Burdening the Blockchain

Published

on

By

As industry debate surrounding Bitcoin Improvement Proposal (BIP-110) intensifies, PointsKash unveils an architecture designed to work regardless of the proposal’s outcome.

SCOTTSDALE, Ariz., July 24, 2026 /PRNewswire/ — As the global Bitcoin community debates Bitcoin Improvement Proposal 110 (BIP-110) and the future of data stored on the Bitcoin blockchain, PointsKash, Inc. today announced that its next-generation kiosk infrastructure was intentionally designed to operate efficiently under any outcome of the proposal.

Rather than storing operational data directly on the Bitcoin blockchain, PointsKash utilizes a layered architecture that combines Bitcoin‘s unmatched security with modern decentralized communications technology. Every transaction, machine event, system update, and operational record generated across the PointsKash network is cryptographically verified, securely maintained off-chain, and anchored to the Bitcoin blockchain through a single immutable cryptographic proof.

This approach allows thousands of operational events to be permanently verified while utilizing only a minimal amount of blockchain data.

As discussion surrounding BIP-110 has intensified across the digital asset industry, PointsKash believes the debate does not require choosing between innovation and responsible blockchain stewardship.

“The industry has been debating whether businesses can build meaningful applications on Bitcoin without unnecessarily consuming blockchain space,” said Michael Herron, Chief Executive Officer of PointsKash. “We believe we’ve demonstrated that the answer is yes. Bitcoin provides the world’s most trusted immutable timestamp and security layer, while higher-volume operational data belongs on technologies specifically designed to manage it. By combining both, we’ve built an architecture that is scalable, transparent, and future-ready regardless of how the BIP-110 discussion ultimately evolves.”

The company’s infrastructure assigns every kiosk its own unique cryptographic identity, allowing each machine to securely authenticate every transaction and operational event. Those records are then independently verifiable through cryptographic proofs while remaining resistant to alteration or manipulation—even by PointsKash itself.

According to the company, this architecture delivers several significant advantages:

Mathematically verifiable transaction records for regulators, banking partners, auditors, and enterprise customers.Improved network reliability, allowing kiosks to continue operating during temporary connectivity interruptions without losing transaction history.Enhanced cybersecurity, with every machine maintaining its own authenticated identity and secure communications.A scalable blockchain architecture that minimizes on-chain data while preserving complete auditability.

Bitcoin was created to provide trust, security, and permanence—not to become a storage system for every piece of application data,” Herron added. “Our philosophy has always been simple: use Bitcoin for what it does better than anyone else—creating immutable proof that records have never been altered—and leverage modern decentralized technologies for everything else. We believe that’s the future of enterprise blockchain infrastructure.”

PointsKash believes this architecture positions the company among a new generation of fintech innovators utilizing Bitcoin as a secure trust layer while developing scalable financial applications for enterprise deployment.

The technology also establishes the foundation for future blockchain-based financial products currently under development, including enhanced digital audit capabilities, verifiable financial records, enterprise licensing opportunities, and next-generation digital asset infrastructure.

As the Bitcoin ecosystem continues to mature, PointsKash believes its technology demonstrates that responsible innovation and blockchain scalability can successfully coexist—providing enterprise organizations with the confidence to build on Bitcoin without contributing unnecessary data to the network.

About PointsKash, Inc.

PointsKash, Inc. is a financial technology company developing an integrated ecosystem of AI-enabled self-service financial centers, digital banking, digital payment solutions, cryptocurrency services, loyalty rewards, enterprise merchant technologies, and mobile financial applications. Through proprietary software, Artificial Intelligence, and strategic partnerships, PointsKash is building innovative financial solutions designed to empower consumers, merchants, and enterprise organizations throughout North America.

For more information, visit www.pointskash.com.

Media Contact

PointsKash, Inc.
Investor Relations
info@pointskash.com
www.pointskash.com

Forward-Looking Statements

This press release contains forward-looking statements regarding anticipated technology integrations, Artificial Intelligence initiatives, product development, future commercialization plans, expected operational efficiencies, business strategy, and future growth. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect actual results include, but are not limited to, technology development timelines, integration efforts, financing, regulatory developments, market conditions, and other risks facing the Company. PointsKash undertakes no obligation to update any forward-looking statements except as required by applicable law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pointskash-demonstrates-how-businesses-can-build-on-bitcoin-without-burdening-the-blockchain-302834473.html

SOURCE PointsKash Inc.

Continue Reading

Trending