San Diego, California — September 13, 2018 — Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions has announced that Staff Smart, Inc. made the 2018 List of Fastest-Growing US Staffing Firms. This year 94 companies qualified for inclusion on the annual list. The list ranks firms by compound annual growth rate (CAGR) for revenue from 2013 through 2017, excluding acquisitions. The 2018 List of Fastest-Growing US Staffing Firms is sponsored by Advance Partners.
“We are excited to be among the amazing companies on the SIA list and to make it two years in a row is a huge accomplishment for us” said Staff Smart President and CEO Christine Hoffman-Hicks. “Bravo to the entire Staff Smart team for their dedication and commitment to our serving our clients and candidates. This growth is a great indicator of what lies ahead.” Hoffman-Hicks has a twenty-year track record as a global top biller, business executive, and leader in the staffing industry.
To qualify for the list companies needed to have had at least $1 million in revenue in 2013 and at least 15% CAGR between 2013 and 2017. The median CAGR for the top 10 companies this year was 97.8%, up from 83.5% last year. For the full list, it was 26.9%.
“The fastest-growing staffing firms stand out for their top line growth and performance in a dynamic and evolving ecosystem,” said Barry Asin, SIA President. “We congratulate these organizations on their achievements as they set the pace and raise the bar industrywide.”
The ten fastest-growing US staffing firms are:
|Company||2017 US Staffing Revenue ($millions)||CAGR 2013-2017|
|Peak Workforce Solutions||21.0||107.6%|
|Dedicated Nursing Associates||53.2||104.2%|
|GrapeTree Medical Staffing||48.9||81.2%|
California and Texas headed up the states boasting the most companies on this year’s fastest-growing list, with nine each. Florida was next with eight, followed by Georgia with seven. Seven of the top 10 staffing firms cited healthcare staffing as a top segment. Healthcare was also the top segment for the list overall, with approximately 42% of firms citing healthcare staffing as a top segment. The next most prevalent segment was IT staffing with an estimated 36% of firms listing this as a top segment.
The large companies exceeding $300 million in revenue on the 2018 list include: Aya Healthcare, Insight Global, CHG Healthcare Services Inc., Jackson Healthcare LLC, C&A Industries (Aureus Medical), VACO LLC, Beacon Hill Staffing Group LLC, NTT Data Inc., Malone Solutions, AtWork Group and Medical Solutions.
“We congratulate the inspirational staffing firms that have made the list this year. It’s a true testament to hard work, dedication and agility in the marketplace especially with the current labor market constraints on talent,” stated Adam Stern, Senior Director and General Manager at Advance Partners. “Our mission at Advance Partners is to help staffing firms grow so the sponsorship of this list is really critical to our company goals as well. It’s so tough to break through those growth barriers but the firms on this list have truly done so and deserve recognition from SIA for this achievement.”
The October 2018 issue of Staffing Industry Review magazine features interviews with executives and business leaders from the 10 fastest-growing staffing firms on growth and strategies for success. These profiles, along with the full list of the 94 fastest-growing companies for 2018, will debut on https://fastestgrowing.staffingindustry.com/ later this month.
The full 2018 List of Fastest-Growing Staffing Firms US report is available for SIA’s Corporate and CWS Council Members.
About Staff Smart, Inc.
Staff Smart, Inc. is a national IT recruiting and staffing agency founded in 2007 by industry veteran Christine Hoffman-Hicks. The common goal of opportunity and innovation has earned Staff Smart a reputation of a trusted partner for IT professionals and businesses. Staff Smart, Inc. offers an on-demand suite of talent solutions that range from project consulting, direct hire to executive search. The mission, “where IT professionals hire IT professionals” is practiced everyday with putting integrity, candidates and clients first. With 50 years of accumulated experience in IT hiring, the San Diego, CA headquartered company has nationally deployed workforce strategies across diverse industries including Fortune 500, startups and government agencies. Staff Smart, Inc. is a proud member of TechServe Alliance, American Staffing Association and WBENC, as a nationally certified woman-owned business.
About Staffing Industry Analysts (SIA)
SIA is the Global Advisor on Staffing and Workforce Solutions
Elevating the Workforce Solutions Ecosystem
Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor. SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.
Known for our award-winning content, data, support tools, publications, executive conferences and events, we help both suppliers and buyers of workforce solutions make better-informed decisions that improve business results and minimize risk. As a division of the international business media company, Crain Communications Inc., SIA is headquartered in Mountain View, California, with offices in London, England.