Are you interested in workforce solutions? We recently identified 115 publicly traded workforce solutions companies across the globe, from staffing firms to talent acquisition technology vendors, spread across 25 stock exchanges. Workday, Recruit Holdings, Naspers, and Adevinta are the largest companies by market cap.
We found that larger companies tend to fare better in terms of stock performance. This is largely attributed to investors shifting their asset allocations in slower periods of economic growth, often referred to as a “flight to quality”. This was evidenced in the online job advertising sector, where the three largest vendors (Recruit Holdings, Naspers and Adevinta) were three of the four highest performing names.
Scaling to a billion-dollar business can be a daunting task, however, only 74 staffing firms have achieved this milestone in 2022, according to SIA data. Similarly, larger Other Workforce Solutions providers tend to achieve higher EBITDA multiples.
There are clear benefits attached to size in the workforce solutions industry. Are you ready to take your business to the next level?