Temporary Labor Market Indicator Showing Positive Outlook With the Trending Companies Impellam Group , Staffline Group

The latest survey on Temporary Labor Market is conducted to provide hidden gems performance analysis of Temporary Labor to better demonstrate competitive environment. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end-use applications. The report bridges the historical data from 2019 to 2023 and forecasted till 2030. The outbreak of the latest scenario in «keyword» market has made companies uncertain about their future outlook as the disturbance in the value chain has made a serious economic slump. Some are the key & emerging players that are part of the coverage and profiled in the study are Adecco Group (Switzerland), ManpowerGroup (United States), Randstad N.V. (Netherlands), Allegis Group (United States), Kelly Services (United States), Robert Half International (United States), Recruit Holdings (Japan), Hays (United Kingdom), Aerotek (United States), TrueBlue (United States). Additionally, other players that are part of this detailed analysis are GI Group (Italy), Staffline Group (United Kingdom), Impellam Group (United Kingdom), Synergie (France), SOS Employment Group (Switzerland), Rhenus (Germany), HireQuest (United States), PeopleReady (subsidiary of TrueBlue) (United States), AstraZeneca Group (United Kingdom), TeamLease Services (India).

According to HTF Market Intelligence, the Global Temporary Labor Market size is estimated to be around USD 476406.40Million in 2023 and is expected to grow at a CAGR of 6% to reach USD xx Million by 2030.

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Temporary Labor Market Overview
The temporary labor market refers to the segment of the job market where individuals are employed on a short-term or contractual basis by organizations to meet fluctuating or specific staffing needs.
Market Trends
Remote Work and Virtual Teams followed by Gig Economy Integration are some of the trends in Temporary Labor market. The COVID-19 pandemic accelerated the adoption of remote work and virtual teams. Temporary labor extended to remote roles, allowing businesses to tap into a global talent pool and providing workers with more flexible work arrangements. The lines between traditional temporary work and the gig economy continued to blur. Temporary labor platforms and gig work platforms intersected, offering workers a wider range of short-term opportunities. Employers were increasingly valuing specific skills and competencies over traditional resumes. Temporary labor allowed businesses to find workers with niche expertise for project-based roles.
Market Drivers
Flexibility in Workforce Management and Project-Based Work are some of the drivers in Temporary Labor market. Businesses sought flexibility in managing their workforce to adapt to changing demands, seasonal peaks, and project-based needs. Temporary labor provided a solution to quickly scale up or down without long-term commitments. The rise of project-based work in various industries, such as technology, marketing, and event management, led to increased demand for specialized skills for short periods. Temporary labor allowed businesses to access these skills without hiring permanent employees. Industries with seasonal fluctuations, such as retail during holiday seasons or agriculture during harvest periods, relied on temporary labor to meet increased demand during specific times of the year. Lack of Job Security and Limited Access to Benefits are some of the restraints in Temporary Labor market. Temporary workers often faced uncertainty regarding the continuity of work and the availability of assignments, leading to job insecurity. Temporary workers typically didn't receive the same benefits as permanent employees, such as health insurance, retirement plans, and paid time off, which could affect their financial stability and well-being. Temporary workers might earn lower wages than permanent employees for similar work, raising concerns about fair compensation and the potential for wage disparity. Temporary workers might not always have the necessary skills or experience required for specific assignments, leading to inefficiencies and potential disruptions in projects.
Market Opportunities:
Strategic Workforce Planning: Companies can strategically use temporary labor to bridge skills gaps and manage seasonal demand.
Market Restraints:
Legal Compliance: Ensuring compliance with labor laws and regulations can be complex when using temporary labor.

Temporary Labor Market Segmentation

Market Analysis by Types: Unskilled, Clerical, Management, Skilled, Others

Market Analysis by Applications: Healthcare, Information Technology, Manufacturing, Retail, Hospitality, Others

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Important Features that are under offering & key highlights of the Temporary Labor market report:
1. Why lots of Key players are not profiled in the Study?
--> The market study is surveyed by collecting data from various companies from Temporary Labor industry, and the base for coverage is NAICS standards. However, the study is not limited to profiling only a few companies; connect with sales executives to get a customized list. The standard version of the research report is listed with players like Adecco Group (Switzerland), ManpowerGroup (United States), Randstad N.V. (Netherlands), Allegis Group (United States), Kelly Services (United States), Robert Half International (United States), Recruit Holdings (Japan), Hays (United Kingdom), Aerotek (United States), TrueBlue (United States). Additionally, other players that are part of this detailed analysis are GI Group (Italy), Staffline Group (United Kingdom), Impellam Group (United Kingdom), Synergie (France), SOS Employment Group (Switzerland), Rhenus (Germany), HireQuest (United States), PeopleReady (subsidiary of TrueBlue) (United States), AstraZeneca Group (United Kingdom), TeamLease Services (India).

2. Does the Scope of the Market Study allow further Segmentation?
---> Yes, for a deep dive analysis add-on segmentation is applicable in a premium customized version of the report to better derive market values. The standard version of this report covers segmentation by Application [Healthcare, Information Technology, Manufacturing, Retail, Hospitality, Others ], by Type [Unskilled, Clerical, Management, Skilled, Others], and by regions [In North America, In Latin America, Europe, The Asia-pacific, Middle East and Africa (MEA), What are the main countries covered , The United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria & South Africa]

3. What level of granularity would the Country landscape cover?
---> In the premium version of the report, two-level of regional segmentations allow user to have access to a country-level break-up of market Size by revenue and volume*
* Wherever applicable

4. Does the Study also provide insights into macroeconomic factors?
---> Yes, the study also includes market factor analysis that includes macroeconomic factors, the inflationary cycle and its impact, and Russia-Ukraine war analysis and its effect on the value/supply chain.

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HTF MI provides customized studies specific to regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt, and South Africa.
• Europe: the United Kingdom, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, Australia, etc.

Reasons to Buy
• Stay tuned with the latest and Temporary Labor market research findings
• Benchmark performance against key competitors
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Identify segments with hidden growth potential for investment in Temporary Labor
• Gain a global perspective on the development of the Temporary Labor market

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Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com

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