Well employed: Industry revenue is expected to expand as the labour force increases

Businesses in this industry provide their clients with workers to temporarily replace or supplement their existing labour force. Industry performance generally hinges on economic conditions, in particular the unemployment rate and business confidence. Both good and weak conditions can benefit the industry, but weak conditions can initially hinder performance as hiring slows. When the economy is strong and unemployment is low, businesses turn to employment placement agencies to help find suitable skilled and unskilled labour. Additionally, if business confidence falls, temporary workers are often the first to be hired, as tentative businesses seek flexibility in their hiring practices to insulate themselves from potential further economic headwinds...read more.

Industry Statistics & Market Size
Revenue
£46.1bn
Annual Growth 14-19
4.3%
Forecast Growth 19-24
Profit
Employment
851,785
Businesses
11,809
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The National Minimum Wage is likely to limit demand for low-wage temporary employees
  • The rise of the gig economy has supported industry demand over the past five years
  • Falls in migration from the European Union could constrain demand for the industry
  • Industry Report - Industry Analysis Chapter

    Demand for Temporary-Employment Placement Agencies industry is mainly determined by broad economic trends, including the size of the labour force, the unemployment rate and business confidence levels. The industry has performed well over the past five years thanks to a growing labour force over most of the period, which boosted demand for industry services. This reflects the strong recovery from the global financial crisis, particularly over the beginning of the period when businesses needed new staff. However, revenue is expected to have declined in 2016-17 following the EU referendum due to economic uncertainty resulting in fewer new hires. In ...purchase to read more.

    Additional Insights for the Temporary-Employment Placement Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Temporary-Employment Placement Agencies Industry are

  • Ability to attract local support/patronage
  • Ability to expand and curtail operations rapidly in line with market demand
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Business confidence index and National unemployment rate in the Temporary-Employment Placement Agencies industry impact industry performance..

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    What's in this report

    What is the Temporary-Employment Placement Agencies Industry?

    Businesses in this industry provide their clients with workers to temporarily replace or supplement their existing labour force. The individuals are employed by the agency but supervised by the client at the worksite. The industry excludes employees outsourced on a long-term basis, who are classified in other industries according to the activity they perform.

    Industry Products
  • Fixed-term temporary workers
  • Casual workers
  • Agency workers
  • Seasonal workers
  • Industry Activities
  • Recruiting staff for temporary positions
  • Referring selected candidates to potential employers
  • Formulating job descriptions
  • Screening and testing applicants
  • Supplying temporary workers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • National unemployment rate
  • Number of businesses
  • National minimum wage
  • Total labour force

  • Current Performance
  • Market conditions
  • Labour trends
  • Profit performance
  • Increasing immigration
  • Chart: Revenue Growth

  • Industry Outlook
  • Temporary uncertainty
  • Wage changes
  • Gig economy
  • Table: Temporary-Employment Placement Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Temporary-Employment Placement Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Banks
  • Primary Education
  • Residential Nursing Care

  • Key Selling Industries
  • Consumers
  • Software Publishing

  • Products & Services
  • Fixed-term temporary workers
  • Casual workers
  • Agency workers
  • Other
  • Seasonal workers
  • Chart: Temporary-Employment Placement Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Professional and technical occupations
  • Elementary and operative occupations
  • Customer and personal services
  • Administrative and secretarial occupations
  • Skilled trades
  • Managers and senior officials
  • Chart: Major Market Segmentation for the Temporary-Employment Placement Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Temporary-Employment Placement Agencies

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Temporary-Employment Placement Agencies Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Temporary-Employment Placement Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Temporary-Employment Placement Agencies Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Agency Staff
  • A term used for staff from temporary-employment placement agencies.
  • Outplacement
  • The process of giving staff that have been made redundant help with finding a new job.
  • Pay Between Assignment Contracts
  • Individuals on these types of contracts are an employee of the agency and therefore receive payment even when they are not working.
  • Price-Based Competition
  • Competition based on the extra fees charged to clients, above the agreed wage and other statutory charges, to cover an operator's own wages and overheads and a profit contribution.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Temporary-Employment Placement Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Temporary-Employment Placement Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Temporary-Employment Placement Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Temporary-Employment Placement Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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