Prior to mid-2008, the Temporary Staff Services industry had benefited from an outsourcing trend, a strong economy with low unemployment, and a strong appetite for labour from the mining sector amid booming commodities prices. Then the global financial crisis hit, resulting in rising unemployment and weaker demand for new temporary labour positions in 2009. A large proportion of major companies, which are the main users of the industry's services, either reduced staffing numbers or maintained headcount by transferring staff to part-time positions. This resulted in reduced demand for the industry's services for the year.
Operators in the industry provide temporary staffing solutions to client companies. Temporary staff can be provided in two ways: via the recruitment of temporary staff who are employed by the client organisation on a temporary basis; and via the leasing of staff to clients, where the employee is under the control of the client for operational purposes but remains legally employed, and is paid, by the provider.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.