Skip to Main Content

Staffing and Human Resources Consulting

Industry Outlook

The coronavirus pandemic caused a decline in the staffing and human resources industry in 2020. Business closures and stay-at-home orders triggered a drop in corporate profit and staffing cuts. The research group IBISWorld predicted an annual 2.2 percent drop in revenue for employment and recruiting agencies in the U.S. from 2015 through 2020. The outlook is brighter for the coming years, though. The rollout of the COVID-19 vaccine in 2021 will bolster the economy as businesses reopen and the employment rate increases. As the pandemic becomes contained, social distancing requirements will ease and companies will gain confidence in hiring employees for permanent positions. According to an article in MarketWatch, the human resources consulting services market is expected to have considerable growth through 2026.

Join Vault Gold to unlock this premium content

Structure - Outlook - Resources & Associations and more

Are you a student? You may have FREE access.

Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.