The list ranks staffing firms with more than $100 million in revenue
October 28, 2020
Staffing Industry Analysts (SIA) released its 2020 Largest Staffing Firms report October 26th, 2020 which was its 25th run of the report. The list includes more than 175 companies that reached the threshold of $100 million in revenue in 2019. V-Soft has made the prestigious list many times in the past and continues to add revenue in the staffing and technology services space. V-Soft ranked 167 overall out of 175 on the list and ranked #23 for IT in the U.S. IT staffing continues to be the foundation of the company’s growth since its inception in 1997.
According to SIA, the companies on the list make up a majority of the industry as a whole.
“The 175 companies in this year’s report represent 63.5% of the market and with a combined revenue of $97 billion,” said Barry Asin, SIA President.
The report highlights that IT Staffing is the second largest revenue segment, making up 31% of the industry, lead only by industrial staffing at 32%. Other large staffing segments include healthcare, clerical and finance.
Although these are 2019 reported revenues, the analyst firm is confident that the events of 2020 won’t leave a major negative impact on the staffing industry, siting the need for struggling businesses to turn toward temporary and alternative staffing sources.
“As the U.S. navigates and recovers from the current disruption, many organizations will look to utilize temporary and interim workers to meet shifting demand and maintain an active and agile workforce.”
This has been the case for V-Soft as 2020 has shown a rise in demand for staffing services, especially hybrid services like retainer teams to augment existing teams and complete projects on time.
“The 2020 pandemic and resulting economic impact has led many companies to reduce their workforce through furloughs and layoffs,” said V-Soft COO, Keith Giffney. “Of course, these same companies still have major goals and projects to complete, so V-Soft has been able to step in and provide hybrid retainer teams that meet their needs and budget and keep them on track for future success.”
About V-Soft Consulting
V-Soft Consulting Group is headquartered in Louisville, KY with strategic locations across the US and in India. Known as an agile innovative technology services company V-Soft was recently recognized among the top 100 fastest growing staffing companies in North America. V-Soft is a trusted partner with experience across diverse technology stacks to help business get IT done. V-Soft has a large quantity of expertise in-house complimented by on-demand talent via their IT staffing division. These compelling facts for business when combined with numerous best of employer awards makes V-Soft Consulting the employer of choice and the partner of choice for the enterprise.
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