Over the five years to 2017, improvements in economic conditions and a recovering labor market have created a greater need for temporary workers, helping boost demand for industry services. Strong demand for contingent workers from the professional sector (e.g. healthcare, information technology or engineering) has continued to propel the industry forward. Over the five years to 2022, mixed macroeconomic conditions are likely to lead industry revenue to stagnate. As macroeconomic conditions improve and businesses are more certain about future stability, they are more likely to hire full-time employees instead of the temporary employees. However, professional-service based industries and the healthcare sector will continue to quickly expand, supporting demand for industry services.
Office staffing and temp agencies supply businesses with workers for limited periods of time to supplement existing staff. Although temp workers remain employees of the temp agency, temp agencies do not provide direct supervision of their employees at clients’ work sites.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.