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 +61 (0) 405 458 821 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, RecTech

Efficient recruitment back office operations: A guide to advanced automation with ETZEfficient recruitment back office operations: A guide to advanced automation with ETZ

15th September 2023

Boosting operational efficiency in the recruitment back office The back office of a recruitment agency plays a pivotal role in...

Read more
AI, Recruitment

Thought leadership? The most progressive recruiters will aspire to ‘thought readership’!Thought leadership? The most progressive recruiters will aspire to ‘thought readership’!

1st September 2023

Does ‘thought readership’ have a place in recruitment? In recruitment, in the battle for audience engagement, just like any other...

Read more
RecTech

Unleashing the power of RecTech: The recruitment agency investment that keeps on givingUnleashing the power of RecTech: The recruitment agency investment that keeps on giving

28th August 2023

Mastering RecTech determines your level of success The operating environment is dynamic and fast-moving. The opposition is aggressive and hungry...

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

Sign Up To Our Newsletter