Temporary Staff Services in New Zealand - Industry Market Research Report
Description
Temporary Staff Services in New Zealand
Volatility has been the name of the game for Temporary Staff Services industry in recent years. Staffing businesses have had to contend with negative business confidence and the effects of the COVID-19 outbreak. Mixed demand for temporary staff from key downstream markets has also hindered growth. Government-mandated shutdowns across many sectors to limit the spread of COVID-19 reduced companies' requirements for a range of employees, including temporary staff supplied by agencies. While a lower national unemployment rate for most of recent history has benefited temporary staff service firms, the COVID-19 outbreak dented demand and revenue in 2020-21 and harmed profit and employment through 2022-23. Industry revenue is expected to increase at an annualised 1.0% over the five years through 2022-23, to $2.2 billion, declining 3.3% in 2022-23 due to negative business confidence and subdued construction activity.
Industry operators primarily provide casual, short-term and other temporary staffing solutions on a contract or fee basis. Although temporary staff service firms provide staff to client businesses, the workers are legally employed by the temporary staff provider.
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.
Volatility has been the name of the game for Temporary Staff Services industry in recent years. Staffing businesses have had to contend with negative business confidence and the effects of the COVID-19 outbreak. Mixed demand for temporary staff from key downstream markets has also hindered growth. Government-mandated shutdowns across many sectors to limit the spread of COVID-19 reduced companies' requirements for a range of employees, including temporary staff supplied by agencies. While a lower national unemployment rate for most of recent history has benefited temporary staff service firms, the COVID-19 outbreak dented demand and revenue in 2020-21 and harmed profit and employment through 2022-23. Industry revenue is expected to increase at an annualised 1.0% over the five years through 2022-23, to $2.2 billion, declining 3.3% in 2022-23 due to negative business confidence and subdued construction activity.
Industry operators primarily provide casual, short-term and other temporary staffing solutions on a contract or fee basis. Although temporary staff service firms provide staff to client businesses, the workers are legally employed by the temporary staff provider.
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.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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