The Global Contract or Temporary Staffing Market Size was valued at USD 90 Billion in 2021, the market is projected to grow to USD 131.20 Billion in 2030, at a CAGR of 9.06%.
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The primary objective of recruiting candidates for temporary positions is to address vacancies resulting from unforeseen circumstances such as sick leaves, maternity leaves, workload peaks, and staff shortages. In the Global Contract and Temporary Service industry, employment firms typically handle hiring and firing decisions, issue paychecks, manage payroll taxes, contribute to unemployment insurance, and provide compensation and social security benefits for workers. This process often results in a lengthy recruitment procedure for organizations. Contract or Temporary Staffing Services offer numerous advantages to organizations, including reduced long-term labor costs, a quicker hiring process compared to traditional methods, immediate impact, and the ability to assess potential employees before making permanent hires. These services may encompass various compensation arrangements, payment timing, and tax-related considerations. Contract or Temporary Staffing Services assist organizations in mitigating losses through factors such as reduced pay. The increasing demand for these services, especially in the IT sector, has contributed to the growth of the European labor market. However, the demand for temporary employment primarily stems from employers rather than employees. While Contract or Temporary Staffing Services provide solutions for the unique risks associated with each stage of recruitment, there are challenges. Hiring employees on a temporary basis may create insecurity among permanent staff, potentially leading to demoralization and decreased productivity. Customer satisfaction also plays a crucial role, especially when dealing with specific sales personnel or agents deployed for customer services. These factors contribute to the market’s growth over the forecast period.
Key Market Segments:
By Type
- Temporary Staffing
- Permanent Staffing
By Channel
- Online
- Offline
Major listed Vendors: The Adecco Group, Randstad Holding NV, Manpower Group, Hays PLC, Allegis Group, Inc., Kelly Services, Inc., TrueBlue Inc., ASGN Incorp., Robert Half International Inc, Pride Staff Inc., and other key Vendors.
By region:
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Rest of Europe,)
- Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, and Rest of Middle East & Africa)
Competitive analysis:
The competitive analysis section of the Global Contract or Temporary Staffing Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 245 pages with 86 market data tables and figures & charts from the report “Global Contract or Temporary Staffing Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Type (Temporary Staffing, Permanent Staffing), By Services (General Staffing, Professional Staffing), By Channel (Online, Offline) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030”.
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Global Contract or Temporary Staffing Market research report aims to answer the following key questions:
- What are the main products/services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global Contract or Temporary Staffing Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
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