For many businesses and organisations, the business case for contract and temp staffing seems rock solid. This assertion is borne out by a report on Global Contract or Temporary Staffing from market research and industry consulting firm Spherical Insights.
Late last year, the report valued the global contract and temporary staffing market size at $90 billion in 2021, with the segment projected to grow to $131.2 billion in 2030, suggesting a CAGR in excess of 9%.
Since then, the case for hiring contract or temporary workers has only got stronger, because it helps many businesses deal with their key staffing challenges that stem from the uncertain economic prospects faced by many nations:
Regionally, North America is the gravitational centre of the global contract and temporary staffing market due to the increasing uptake of staffing services. This trend is followed by Asia Pacific and Europe respectively. Demand for temporary employment is driven by demand from employers, but it is a lifestyle choice that has proved popular with workers.
The predicted growth of the market means that your agency operations are likely to grow substantially out to 2030. Whatever segment of the temp and contractor market your agency specialises in, ETZ streamlines your back office operations to create efficiency, reduce costs, support growth and maximise profitability.
To find out more, call us on 0800 311 2266 or book a demo.
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