Industry Analysis & Industry Trends
The Temporary-Employment Placement Agencies industry supplies people to replace or supplement a client's existing labour force on a short-term basis. Industry operators serve clients across a broad range of industries. The industry is heavily affected by economic conditions, as companies prefer to preserve the jobs of permanent employees in a downturn. However, temporary workers are often the first to be hired during the initial recovery phase. There are over 1.6 million temporary workers in the United Kingdom, representing about 6.4% of the total labour force.
Industry revenue has declined at a compound annual rate of 0.4% during the five years through 2012-13 as demand and profit levels were hit hard by the onset of the financial crisis. From a high of £29.3... purchase to read more
Industry Report - Industry Products Chapter
This industry fulfils an important role by providing employers with flexibility, cost management and access to workers with necessary skills (such as IT) when required. The industry helps employers to overcome issues associated with over- or understaffing. Many operators offer a range of human resources services to maximise their income generation as market conditions fluctuate. Other services offered include reference and qualifications checks on candidates, psychological assessment and testing, staff counselling and outplacement services (especially useful when clients were restructuring their operations in the recession)... purchase to read more