Industry Analysis & Industry Trends
Temporary-employment placement agencies supply workers 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 because, during a downturn, companies tend to prefer to preserve the jobs of permanent employees, while temporary employees are often let go. However, temporary workers are often the first to be hired as economic conditions recover. There are approximately 1.7 million temporary workers in the United Kingdom, representing over 5% of the total work force.
Industry revenue is estimated to rise at a compound annual rate of 3.4% over the five years through 2016-17... purchase to read more
Industry Report - Industry Products Chapter
Temporary-employment placement agencies fulfil an important role by providing employers with flexible access to workers with particular skills 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 in fluctuating market conditions. Other services include reference and qualification checks on candidates, psychological assessment and testing, staff counselling and outplacement services.
Fixed-term temporary workers
The majority of revenue comes from fixed-term appointments lasting for less than one year, but more normally for between a few weeks and six months. An estimated 42% of temporary workers are on fixed-term contracts. Emp.. purchase to read more