13 mind-blowing Temp/Contract market facts
The Temp and Contract market is a missed opportunity for many recruitment companies.
To be plain, it’s enormous and growing very fast.
A strong Temp/Contract business will give you annuity revenue to drive extra profit in the good times and provide resilience and protection in the bad markets.
That’s why The Savage Recruitment Academy has just launched the most comprehensive training resource on growing a Temp/Contract business you are ever likely to see.
Ten hours and dozens of video episodes of comprehensive tactics, skills and processes to build an excellent Temp desk.
The first two ‘Sections’ (5 hours of training content) are freshly launched on the SRA
But now for those mind-blowing Temp and Contract facts…
- The global temporary staffing market was valued at US $500 billion in 2021.
- The global temporary market revenue forecast for 2025 = US $673 Billion
- The North American and European regions accounted for approximately 70% of global temporary staffing.
- Over an average week, around three million temporary and contract employees work for America’s staffing companies.
- The Asia Pacific region is the fastest-growing market for temporary staffing.
- The Australian temporary staffing market was valued at AUD $21 billion, and New Zealand was worth NZD 2.7 billion in 2020.
- There are 12,802 temporary agencies in Australia (IBISWorld)
- Temporary Staff Services in Australia Annualized Business Growth 2018–2023 was 8.3%
- The healthcare and social assistance sector was the largest market for temporary staffing in Australia and New Zealand in 2020, followed by manufacturing and retail trade.
- The UK recruitment sector was worth £ 42.9 billion in 2021, of which £36.4 Billion was via temporary and contract placements.
- UK recruitment agencies made a lazy 22.4 million temp/contract placements in 2021. In a year. That’s 430,000 people placed in temp jobs by agencies every week. Or 86,000 a day.
- The market size of the UK Temporary-Employment Placement Agencies industry is expected to increase by 7% in 2023.
- The healthcare sector was the largest market for temporary staffing in the UK in 2020, followed by industrial and office support.
Data mainly from Staffing Industry Analysts.
You must start and/or aggressively grow your Temp and Contract offering now.
The SRA gives you a full template, game plan and tactics suite to do that.
Details and subscribe options HERE
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- Posted by Greg Savage
- On May 29, 2023
- 0 Comment