2nd June 2023

CAGR of 9% predicted for contract or temporary staffing market

Recruitment

Global temp and contract market to value $130 billion by 2030

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:

What does the global market look like?

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.

ETZ supports growth by streamlining the back office

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.



Download your free guide

7 smart ideas to grow your recruitment agency.

Download Now
Download your free guide

Latest Posts

Recruitment

Is your recruitment agency missing out on the benefits of digital transformation?Is your recruitment agency missing out on the benefits of digital transformation?

11th July 2024

Digital transformation slowed or stalled for some recruiters The process of digital transformation (DT) is the integration of digital technologies...

Read more
News

What does a Labour government mean for employment and recruitment agencies?What does a Labour government mean for employment and recruitment agencies?

5th July 2024

Time to ring the changes… Despite the title, we are not talking politics here. Whatever your political persuasion, it is...

Read more
AI

Preventing talent gap expansion: Upskilling workers to work with AI and other technologiesPreventing talent gap expansion: Upskilling workers to work with AI and other technologies

28th May 2024

A divide amplified by the pandemic For a number of years before Covid-19 the symptoms of a talent gap were...

Read more

See what ETZ could do for your agency with an online demo

Save hassle, time and money with our powerful software.

Book a Demo