Inc. magazine, which provides small business ideas and resources for entrepreneurs, recently released its annual list of the 5,000 fastest-growing businesses in the U.S. The list including numerous staffing firms, including the giant IPO-bound staffing firm Staffmark Holdings and Nextaff.
Inc. ranks the companies, all privately held, by growth rate; the faster revenue increased over three years, the higher the company ranks, according to an article by ERE, an online gathering place for HR professionals and recruiters. Participation requires companies to divulge annual revenue, employee counts and growth, etc.
Of the top ten HR firms on the list, eight are staffing and placement firms, with several specializing in IT and engineering, according to the ERE article. That’s in line with the strong demand in the last 18 months for tech workers. It’s also evidence that employers turn to temps and contractors at the early stage of a recovery before committing to hiring permanent workers, the article says.
To read the ERE article and find out more about the staffing firms who made the list, click here.