Global Temporary Labour Market

Global Temporary Labour Market Size, Share, Growth Analysis, By Type(Unskilled, Clerical), By End-User(Healthcare, Manufacturing) - Industry Forecast 2022-2028


Report ID: SQSG20N2007 | Region: Global | Published Date: December, 2022 | Pages: 157

Global Temporary Labour Market Insights

Global Temporary Labour Market was valued at USD 468.30 billion in 2021, and it is expected to reach a value of USD 765.20 billion by 2028, at a CAGR of more than 6.38% over the forecast period (2022-2028).

Labours whose primary employment is an occasional, casual, or seasonal worker; daily workers or other people who rely on an employer, work for a short or long period of time, work seasonally or temporarily, or are looking for work. Temporary labour can be used for a variety of objectives. Employing these personnel to repair ageing infrastructure is typically convenient for businesses. Similarly, in retail businesses, where footfall is especially high during public holidays and holiday seasons, short-term staff are engaged to assure consumer pleasure. Temporary employees are also used to meet the increasing demand for on-demand delivery services related to internet shopping. Organizations that use temporary labour services can reap various benefits, including lower recruiting expenses and savings on employee benefits and training expenditures. Furthermore, firms can choose to put these workers on non-priority activities while allocating their resources to core jobs. Such advantages are intended to entice businesses to hire temporary workers. Hiring temporary workers frequently causes permanent staff to feel insecure, demoralises them, and reduces their productivity, which is detrimental to an organization's growth.

As incumbents in several industries, including construction, healthcare, logistics, information technology (IT), and telecommunications, have deployed temporary labour on various growth initiatives, the market has grown dramatically. The need for temporary labour is expected to rise in the future years as a result of an increase in the number of smart city initiatives announced by various governments, propelling the market throughout the projected period.

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Global Temporary Labour Market Segmental Analysis

Global Temporary Labour Market is segmented based on type, end-user, and region. Based on type, the market is segmented into unskilled, clerical, management, skilled, and professional. Based on end-user, the market is categorized into healthcare, manufacturing, BFSI, FMCG and retail, IT, construction, logistics and telecom, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.

Analysis by Type

In 2021, the clerical segment dominated the market, accounting significant share of the global market. Manufacturing, insurance, real estate, and retail executives prefer to hire experienced clerical professionals on a temporary basis for short assignments and diverse jobs. Receptionists, typists, general office clerks, secretaries, and computer operators are among the most common jobs.

Manufacturing and service organisations are both engaging temporary managers to assess and arrange their present processes in order to increase efficiency and production. This is expected to boost the management segment's growth. Manufacturing businesses are recruiting qualified temporary workers to connect their goods and services with evolving client needs. These factors are expected to support labour segment growth throughout the projection period.

Analysis by End-User

During peak periods and festive seasons, the manufacturing industry chooses to hire temporary labour to meet most demand. Manufacturers of clothes, chemicals, electrical equipment, manufactured metals, and furniture are among those that work in the manufacturing business. Manufacturing segment is expected to lead the Global Temporary Labour Market during the projection period as these companies need such services to ensure a smooth production process.

Another industry that is likely to employ a big number of temporary workers is healthcare. The growing senior population and the increasing frequency of various ailments are driving up the demand for qualified nurses who may work on a temporary basis to deliver quality in-house medical treatment. Temporary medical staff is also in high demand, owing to increased demand for in-house medical consultation and an increase in the number of diagnostic facilities. Over the projection period, the healthcare category is expected to grow at a considerable CAGR. In the Peak of pandemic period, hospitals and covid centres hired temporary people to take a role of nurses where there was limited healthcare workers. These Temporary Healthcare workers also awarded with the certificate.

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Global Temporary Labour Market Regional Insights

Europe dominated the global market in 2021. The region's market is expanding due to increased need for temporary labour in the car manufacturing industry. It will continue to develop as the number of small and medium-sized firms (SMEs) in the region grows, and many SMEs choose to hire temporary workers to decrease recruiting expenses.

Over the projection period, Asia Pacific is predicted to increase significantly. Governments in the region are constantly introducing new national healthcare initiatives, which would increase demand for temporary healthcare personnel, promoting market growth.

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Global Temporary Labour Market Dynamics

Drive

  • The growing need for temporary IT workers is propelling market expansion. Additionally, the benefits of lower hiring costs, as well as savings on employee benefits and training costs, are fueling market expansion.

Restraint

  • Rising use of robotics and artificial intelligence to replace temporary workers may stifle market development.
  • Temporary workers, on the other hand, might reduce the productivity of permanent staff by generating a sense of uncertainty. Customers are more inclined to engage with individual sales representatives, therefore temporary customer service workers may cause problems and diminish customer happiness.

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Global Temporary Labour Market Competitive Landscape

As part of the attempts to obtain a competitive advantage in the market, the corporations are focused on the development of new goods and services. Market incumbents are forging strategic alliances and conducting mergers and acquisitions to expand their businesses and improve their market position globally. These firms are developing new goods and services in order to get a competitive advantage in the industry. ManpowerGroup Inc., has introduced IntelliReach, which will digitalize management tools.

Top Player's Company Profiles

  • Kelly Services, Inc.
  • Randstad N.V.
  • Express Services, Inc.
  • Adecco
  • Allegis Group
  • Manning Global Group
  • ManpowerGroup Inc.
  • Hays plc
  • Robert Half International Inc.
  • Westaff
  • Recruit Holdings
  • Persol Holdings Co. Ltd.
  • LaborMAX Staffing
  • Labor Express Plus, LLC
  • Sparks Group
  • LSI Staffing
  • Alp Consulting
  • Procom
  • Agilus (Design Group Staffing)

Recent Developments

  • In October 2022, The New Jersey General Assembly passed several pieces of legislation Monday including protections for temporary workers that Gov. Phil Murphy conditionally vetoed last month.
  • In October 2022, The H-2A program allows employers to address temporary labor needs by employing foreign agricultural workers when there are not sufficient workers who are able, willing, qualified, and available, and when doing so will not adversely affect the wages and working conditions of workers similarly employed in the U.S.

Global Temporary Labour Key Market Trends

  • Enterprises frequently suffer a labour shortage, particularly during peak seasons or other emergencies. During such times, businesses often turn to temporary labour services. Furthermore, as technology advances, the demand for people with particular talents in design engineering, digital marketing, and software application, among others, grows. Temporary employees can assist companies in filling this need. Rising transportation and logistics demand is driving the expansion of the targeted market. Temporary employees have more options in terms of the organisation they wish to work.

Global Temporary Labour Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Temporary Labour Market analysis, in terms of type, clerical segment dominates the market because of temporary basis for short assignments and diverse jobs. And in terms of end-user, manufacturing industry exhibit fastest growth for meeting most demand during peak period and festive season. An employer is not required to give temporary workers with retirement benefits, health insurance, or other remuneration. In other words, by using temporary labour services, businesses may minimise the average cost of employment while also avoiding unnecessary overhead expenditures. Furthermore, firms are allowed to engage temporary staff whenever they are needed, such as when dealing with new projects or during peak seasons.

Report Metric Details
Market size value in 2021 USD 468.30 billion
Market size value in 2028 USD 765.20 billion
Growth Rate more than 6.38%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Unskilled, Clerical, Management, Skilled, Professional
  • End-User
    • Healthcare, Manufacturing, BFSI, FMCG, retail, IT, Construction, Logistics, Telecom, Others.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Kelly Services, Inc.
  • Randstad N.V.
  • Express Services, Inc.
  • Adecco
  • Allegis Group
  • Manning Global Group
  • ManpowerGroup Inc.
  • Hays plc
  • Robert Half International Inc.
  • Westaff
  • Recruit Holdings
  • Persol Holdings Co. Ltd.
  • LaborMAX Staffing
  • Labor Express Plus, LLC
  • Sparks Group
  • LSI Staffing
  • Alp Consulting
  • Procom
  • Agilus (Design Group Staffing)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Temporary Labour Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Temporary Labour Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Temporary Labour Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Temporary Labour Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Temporary Labour Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Temporary Labour Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Temporary Labour Market was valued at USD 468.30 billion in 2021, and it is expected to reach a value of USD 765.20 billion by 2028, at a CAGR of more than 6.38% over the forecast period (2022-2028).

As part of the attempts to obtain a competitive advantage in the market, the corporations are focused on the development of new goods and services. Market incumbents are forging strategic alliances and conducting mergers and acquisitions to expand their businesses and improve their market position globally. These firms are developing new goods and services in order to get a competitive advantage in the industry. ManpowerGroup Inc., has introduced IntelliReach, which will digitalize management tools.'Kelly Services, Inc.',' Randstad N.V.',' Express Services, Inc.',' Adecco',' Allegis Group',' Manning Global Group',' ManpowerGroup Inc.',' Hays plc',' Robert Half International Inc.',' Westaff',' Recruit Holdings',' Persol Holdings Co. Ltd.',' LaborMAX Staffing',' Labor Express Plus, LLC',' Sparks Group',' LSI Staffing',' Alp Consulting',' Procom',' Agilus (Design Group Staffing)'

The growing need for temporary IT workers is propelling market expansion. Additionally, the benefits of lower hiring costs, as well as savings on employee benefits and training costs, are fueling market expansion.

Enterprises frequently suffer a labour shortage, particularly during peak seasons or other emergencies. During such times, businesses often turn to temporary labour services. Furthermore, as technology advances, the demand for people with particular talents in design engineering, digital marketing, and software application, among others, grows. Temporary employees can assist companies in filling this need. Rising transportation and logistics demand is driving the expansion of the targeted market. Temporary employees have more options in terms of the organisation they wish to work.

Europe dominated the global market in 2021. The region's market is expanding due to increased need for temporary labour in the car manufacturing industry. It will continue to develop as the number of small and medium-sized firms (SMEs) in the region grows, and many SMEs choose to hire temporary workers to decrease recruiting expenses.

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Global Temporary Labour Market

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