Prior to the global financial crisis, the Temporary Staff Services industry benefited from a trend of increased outsourcing, a strong economy with low unemployment, and a strong appetite from the Mining division for labour, amid booming commodities prices. Post-crisis, the industry suffered from a revenue decline in 2009-10, due to rising unemployment and weaker demand for temporary labour. However, the Australian economy weathered the global downturn relatively well, as revenue in the Construction division rose and mining output increased rapidly. Many other sectors within the economy returned to growth, fuelling demand for new staff and staff services from the industry.
Operators in the industry provide temporary staffing solutions for client companies on a fee or contract basis. Temporary staff services companies provide their own staff to client businesses to carry out temporary assignments. These temporary staff members work under the control of the client at the client's work site for operational purposes, but remain legally employed by (and are paid by) the temporary staff 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.
