how much do staffing agencies makeStaffing agencies, also known equally temp agencies, connect people looking for work with temporary employment. Different companies also utilize the services of staffing agencies to find a expert candidate for a permanent job. Temporary positions sometimes lead to full-time positions, and a temporary position is good for experience or for something to pay the bills while looking for a new job. But how much of the temporary employee's bacon goes in their banking concern account and how much goes to the staffing agency and its owners?

How Much Exercise Owners Make and How practice They Get Their Money?

Generally speaking, the owners of staffing agencies make well-nigh $103,000 a year. The exact value varies by individual considering of a few different factors. Starting time of all, temporary staffing agencies make their money in dissimilar ways. They either take a pct of the employee's bacon or they accuse the visitor looking for an employee a very loftier price for their services. Additionally, the salary for staffing agency owners varies by location. Typically pay is higher in large urban center areas; the more people the agency matches up with piece of work, the bigger the bacon for the employees of the agency. Co-ordinate to Indeed.com for example, agency owners in Washington, D.C. make near $122,000, which is 18% above the national average.

The Hereafter of Staffing Agencies

Things are only expected to get better. Co-ordinate to the Agency of Labor and Statistics, almost 4 meg people are employed in the personnel supply service manufacture. That number grew by approximately nine.i thousand during August 2013, and the industry is expected to go on to have a very high growth rate. With the economy however reeling from the effects of the recession of 2007, more and more companies are using the services of staffing agencies. Even with the markup that they pay the agency it is easier and ultimately cheaper for companies to rent temporary employees. Temporary employees get lower salaries than full-fourth dimension employees and they can employ the temporary position to gauge whether or not the person would make a good total-time employee.

It isn't simply companies that are using temp agencies more often. At that place is also a college rate of unemployment which again goes back to the 2007 recession. People are going to temporary agencies because they accept but been laid off and demand something to help brand ends meet. Or mayhap they take been looking for a new task for some fourth dimension and have only decided that they demand assistance finding something. In short, staffing agencies are seeing a lot of business from both companies and people looking for work.

With the correct location and the right concern skills, owning a staffing agency can be quite lucrative. And when it comes down to using a staffing agency, everybody wins. The company using the agency finds the temporary employee they are looking for. The person looking for work finds employment. And of course the agency itself makes money and becomes a thriving business concern.