Temporary Labor Procurement Market Set to Rise with 6% to 8% CAGR Growth | ELINT Market Research

Global Temporary Labor Procurement Market is exhibiting a strong and positive trajectory following a recent analysis by ELINT Market Research. It stands out with the turbulent swings observed in the global staff industry. The in-depth industry analysis covered in the research report for 2020-2022 indicates a breakthrough in the global staffing market as businesses across the globe emphasize rapid operation expansions. In addition, the high rate of globalization is also favoring the market as the business world witnesses a rise in remote work trends and an increasing preference for project outsourcing.

The ELINT's research report sheds light on the promising outlook of the temporary labor market, with research anticipating the market to grow at a CAGR of 6% to 8% from 2024 to 2025. The business domain heavily relies on labor outsourcing to fulfill continuously changing project requirements and scale of operations. As a result, the players operating in the temporary labor industry are developing advanced platforms to help businesses with their labor needs. All these dynamics are working in the favor of the market and project a brighter competitive landscape ahead.

Request a FREE Sample Copy of the Temporary Labor Procurement Market Report here: https://elintmarketresearch.com/procurement-intelligence/temporary-labour/?utm_source=openpr&utm_medium=raj#request-free-sample

Government Supportive Policies, Pandemic-Driven Demand, and Rise of Gig Economy to Revolutanalize the Temporary Labor Market

The nature of employment has revolutionized due to the rapid speed of technological improvements, which has dramatically impacted the temporary labor market. Government policies and laws also play a crucial role in the overall operation of the industry. The changes in immigration policies, domestic labor laws, and international relations influence the overall dynamics. In addition, changes in the workable population and evolving job preferences also have significant roles to play in the industry landscape. The younger generation seeks job roles that offer flexibility in location and timing.

Increasing international collaborations influence the way a business functions. Businesses now can access a global talent pool, tremendously impacting demand and supply dynamics. With the temporary labor market dynamics, enterprises are getting opportunities to hire staff on a project basis with cost-effective options. On the other hand, job seekers benefit from emerging job opportunities globally, where they can explore numerous opportunities. They can conveniently choose their ideal job roles with flexible work arrangements. All these factors combined work in favor of the industry, and players can take advantage of this in-depth analysis to devise their future strategies and take a competitive advantage.

Key Highlights for the Temporary Labor Market

According to ELINT Market Research's most recent report, the worldwide temporary labor market is expanding and trending positively. There have been significant ups and downs in the global staffing sector, with a breakthrough in the staffing market from 2020 to 2022. Globalization and the growing popularity of remote work are pushing businesses worldwide to prioritize fast operational expansions.

The manufacturing segment is a leading force that accounted for the most significant revenue percentage in the temporary labor industry, as several manufacturing giants rely on temporary labor to boost their production operations and increase their scale.

Thanks to its favorable economic conditions, consistent industrial expansion, and startup presence, Europe has substantially dominated the market. With a high acceptance rate of contemporary technology and digital platforms, the United States presents an excellent landscape.

Industries primarily relying on temporary workers to promote expansion include construction, IT, healthcare, logistics, and telecommunications. Global government-led initiatives to create smart cities are increasing the demand for flexible and competent temporary workers.

Browse the summary of the report and complete Table of Contents (TOC) here: https://elintmarketresearch.com/procurement-intelligence/temporary-labour/?utm_source=openpr&utm_medium=raj

Temporary Labor Market Regional Scope

The temporary labor market is highly volatile, and market participants must understand its dynamics across different regions. In the past few years, the European region has successfully led the market due to its economic characteristics such as employment rate, steady growth of local industries, and increasing presence of startups. In addition, domestic labor laws and regulations are also favoring the region to take a lead in the market. The high adoption rate of modern technologies and the introduction of several digital platforms create an ideal landscape in the United States.

Being the central hub for young talents and the rising workable population in the Asia Pacific region is fostering significant business prospects. Several leading players are finding favorable regional conditions to expand operations and provide seamless staffing solutions. In addition, rising government support through skill enhancement initiatives and increasing emphasis on pursuing skill-based higher education complements the region's promising leap in the industry.

Notable Developments in the Temporary Labor Market

Ziwork, a leading online freelance recruitment platform, secured a 12 million Euro investment. With this infusion of funds, the company aims to expand its infrastructure to cater to the large client base and deliver highly reliable and cost-effective resource services.

ManpowerGroup Inc. introduces a robust and advanced IntelliReach, a platform dedicated to resource management. The platform includes several key features, such as supplier scorecards, data tracking, and a data warehousing system.

Leading Players in the Temporary Labor Market

Leading companies control a significant portion of the dynamic temporary labor market, making it easier for companies to find competent temporary workers. Adecco, Express Services, Inc., Westaff, ManpowerGroup Inc., Allegis Group, Kelly Services, Inc., Randstad N.V., Hays plc, Robert Half International Inc., and Persol Holdings Co. Ltd. are some of the biggest brands in this sector. These companies can access a pool of skilled temporary workers as vital intermediaries. These industry titans are in a top position as go-to solutions for businesses across various sectors because of their vast networks and abundant experience. These companies provide different employment options, enabling businesses to effectively meet their temporary labor demands.

For more information, custom requirements, and discounts contact us @ https://elintmarketresearch.com/contact-us/?utm_source=openpr&utm_medium=raj

Key Questions Addressed in the Temporary Labor Market Report

According to ELINT Market Research, what is the current valuation of the temporary labor market?

Based on ELINT Market Research's in-depth market industry analysis, the global market is in a transition phase with a brighter projection of CAGR of 6% to 8% from 2024 to 2025.

Which are the most prominent factors impacting the positive outlook of the temporary labor market?

Various governments' increasing emphasis on innovative city initiatives, the rising preference among the younger generation for the flexibility of job roles, and growing international trade are some of the critical factors responsible for the market growth.

What is the status of regional dynamics for the temporary labor industry?

Europe and the United States are two central pillars for the temporary labor industry as their automotive sector demands a skilled labor force. In addition, the Asia Pacific region also emerges as the favorite region for market players to explore untapped opportunities.

Related Reports:

Employee Relocation Management Procurement Market:
https://elintmarketresearch.com/procurement-intelligence/employee-relocation-management/?utm_source=openpr&utm_medium=raj

Permanent Recruitment Procurement Market:
https://elintmarketresearch.com/procurement-intelligence/permanent-recruitment/?utm_source=openpr&utm_medium=raj

Address:

ELINT Market Research, a Unit of Be Compliant LLC, 317 Commercial St. NE, Ste. A, PMB 379, Albuquerque, NM 87102

Phone:

USA +1 505-908-9208 ‎
Asia +91 893-9803-656

Email:

info@elintmarketresearch.com

About Us:

ELINT Market Research is the Procurement Market Intelligence and advisory unit of BE Compliant LLC. Providing accurate and easy-to-consume procurement market intelligence. Accurate category insights and data can be hard to find however with ELINT, pricing data, supplier intelligence and contract strategies are available at a click.

This release was published on openPR.