Hard work: Constrained business confidence is expected to limit industry growth in the short term

Temporary-employment placement agencies supply employees to fill positions in a client's existing labour force on a short-term basis. Industry operators serve clients across a broad range of industries. The industry is heavily affected by economic conditions because firms tend to prefer to preserve the jobs of permanent employees, while temporary employees are often the first to be let go during a downturn. However, temporary workers are also often the first to be hired as economic conditions improve, as tentative businesses seek flexibility in their hiring practices to insulate themselves from potential further economic headwinds. According to the Recruitment & Employment Confederation, there are approximately 1.7...read more.

Industry Statistics & Market Size
Revenue
£43.5bn
Annual Growth 14-19
1.9%
Forecast Growth 19-24
Profit
Employment
803,554
Businesses
11,120
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Falling business confidence is anticipated to restrict revenue growth in the short term
  • The National Living Wage has limited workforce expansion, restricting demand for the industry
  • Demand from the health-care sector is expected to rise due to pressures from the ageing UK population
  • Industry Report - Starting a New Business Chapter

    The barriers to entering this industry are generally low because regulatory requirements are not overly burdensome and staff need few formal qualifications. Many of the basic skills and training related to this industry at lower occupational levels can be obtained on the job under the direction of a manager or supervisor. There are relatively few managerial training requirements, though managerial and business skills and some training in psychology and similar disciplines, including personnel and human management, are desirable.Due to the relatively low barriers to entry, competition tends to be price based. This is done by negotiating lower gross margins on contracts or staff placements. How...purchase to read more.

    Additional Insights for the Temporary-Employment Placement Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Temporary-Employment Placement Agencies Industry are

  • Ability to attract local support/patronage
  • Ability to expand and curtail operations rapidly in line with market demand
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Business confidence index and National unemployment rate in the Temporary-Employment Placement Agencies industry impact industry performance..

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    What's in this report

    What is the Temporary-Employment Placement Agencies Industry?

    Businesses in this industry provide their clients with workers to temporarily replace or supplement their existing labour force. The individuals are employed by the agency but supervised by the client at the worksite. The industry excludes employees outsourced on a long-term basis, who are classified in other industries according to the activity they perform.

    Industry Products
  • Fixed-term temporary workers
  • Casual workers
  • Agency workers
  • Seasonal workers
  • Industry Activities
  • Recruiting staff for temporary positions
  • Referring selected candidates to potential employers
  • Formulating job descriptions
  • Screening and testing applicants
  • Supplying temporary workers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • National unemployment rate
  • Number of businesses
  • National minimum wage
  • Total labour force

  • Current Performance
  • Market conditions
  • Labour trends
  • Legislative changes
  • Immigration effect
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Temporary uncertainty
  • Wage changes
  • Working trends
  • Table: Temporary-Employment Placement Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Temporary-Employment Placement Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Banks
  • Primary Education
  • Residential Nursing Care

  • Key Selling Industries
  • Consumers
  • Software Publishing

  • Products & Services
  • Fixed-term temporary workers
  • Casual workers
  • Agency workers
  • Other
  • Seasonal workers
  • Chart: Temporary-Employment Placement Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Professional and technical occupations
  • Elementary and operative occupations
  • Customer and personal services
  • Administrative and secretarial occupations
  • Skilled trades
  • Managers and senior officials
  • Chart: Major Market Segmentation for the Temporary-Employment Placement Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOn-costs for temporary employeesOther
  • Chart: Cost Structure Benchmarking – Sector vs Temporary-Employment Placement Agencies

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Temporary-Employment Placement Agencies Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Temporary-Employment Placement Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Temporary-Employment Placement Agencies Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Agency Staff
  • A term used for staff from temporary-employment placement agencies.
  • Outplacement
  • The process of giving staff that have been made redundant help with finding a new job.
  • Price-Based Competition
  • Competition based on the extra fees charged to clients, above the agreed wage and other statutory charges, to cover an operator's own wages and overheads and a profit contribution.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Temporary-Employment Placement Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Temporary-Employment Placement Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Temporary-Employment Placement Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Temporary-Employment Placement Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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