Philadelphia, PA (PRWEB) August 21, 2014
Today, Staffing Industry Analysts (SIA), a global advisor on contingent work known for its independent and objective understandings, released a list of the 2014 fastest-growing U.S. staffing and talent engagement firms. Magellan Search & Staffing ranked seventh in 2014 with a 54.1 percent compound annual growth rate. This is the third consecutive year Magellan has qualified as one of the fastest-growing staffing firms by SIA and the first year making the Top 10 List. In previous years Magellan ranked 42nd in 2013 and 32nd in 2012.
According to the Staffing Industry Analysts’ published report, 2014 has the most number of companies that have qualified for the list since initially producing the list in 2005. This illustrates how the staffing industry nature is changing.
To qualify for the Fastest Growing list, staffing firms had to have posted at least $1 million in revenue in 2009 and experienced a compound annual revenue growth of at least 15 percent between then and 2013. All 97 staffing firms on the list posted compound annual revenue growth of 15 percent or more, compared to 92 firms last year.
The top 10 fastest-growing firms had a median compound annual growth rate of 56.8 percent from 2009 through 2013. Such revenue included U.S. staffing revenue and talent engagement revenue.
“To be recognized by such a prestigious organization as one of the fastest-growing companies in the staffing sector is fantastic,” said Magellan President and Founder, Matthew Kenefic. “We look to build upon this growth and continue to promote successful relationships in the business community.” This recognition follows Magellan’s recent rankings as a Fastest Growing company awarded by the Inc. 500|5000 and the Philadelphia Business Journal’s List of Top Executive Recruiters in 2014.
About Magellan Search & Staffing
Regionally based in Philadelphia, PA, Magellan Search & Staffing specializes in the placement of accounting, finance, administrative, human resources, information technology, mechanical, construction, and renewable energy professionals into direct-hire, consulting, contract and temporary positions. In recent years, Magellan has been the proud recipient of many local and national awards, including being named to the 2014 Best of Staffing Lists for Clients, 2013 Best of Staffing for Clients and Talent, 2014, 2013 and 2012 Inc. 500 I 5000 list, the 2014 Staffing Industry Analyst’s Fastest Growing List, and the 2014 Top Executive Recruiters list. For more information about Magellan Search & Staffing, please visit: http://www.magellangroup.com.
About Staffing Industry Analysts
Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company's proprietary research, award winning content, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers related staffing sectors. The company provides accreditation with its Certified Contingent Workforce Professional (CCWP) program. Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information: http://www.staffingindustry.com.