Business Idea: Start A Staffing Agency in 2024
A staffing agency acts as the intermediary between employees and employers. The staffing agencies help match qualified employees with the right employers. With many growing businesses still cautious about increasing in-house talent, starting a staffing agency could be a profitable business opportunity.
The employer contacts a staffing agency and provides a detailed job description for the role they plan to fill. The staffing agency then creates the job on their website, or they might reach the qualified staff in their database, asking them to apply for the role. Candidates apply for the position, and the staffing agency schedules interviews to vet the potential candidates. The employer will make the final hiring decision.
Staffing agencies make money by charging job candidates or employers a markup fee.
To start a staffing agency, choose the right niche, know your startup costs, and get legally covered. Ensure you have all licenses and the permits and take out insurance.
Revenue & Profitability
How much do staffing agencies make?
- On average, successful staffing agencies report $4.84M/year in revenue.
- 100% of staffing agencies report being profitable.
Startup Costs
How much does it cost to start a staffing agency?
- It can cost as low as $300 to start a staffing agency.
- It can cost as high as $350,000 to start a staffing agency.
Learn more about the costs of a staffing agency.
Examples Of Successful Staffing Agencies
Successful staffing agency businesses and case studies
Hungarian founder Gergo created Lensa, an AI-powered job search platform that focuses on improving the hiring process and career marketplace, achieving a 12% increase in revenue from the previous year, reaching a total of 22 million in revenue and 6 million new subscribers in 2022.
Boldly, the subscription staffing company, has achieved $3 million in revenue through word-of-mouth referrals, and has grown to over 100 employees working across two continents, offering prized flex-time to military spouses, expats and experienced professionals focused on high quality remote work with corporations in a win-win environment.
See full list of successful staffing agencies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
