Here to stay: The industry is growing steadily due to strong demand for outsourced labour

The Temporary Staff Services industry provides skilled and unskilled labour to client companies, usually on a short-term basis. Various factors influence the demand for staffing services. The national unemployment rate affects industry demand, with lower unemployment generally contributing to greater demand for temporary staff. In addition, greater business outsourcing typically has a positive effect on industry performance. The performance of client markets also affects industry operators, with stronger growth in downstream markets usually boosting industry demand. Industry operators have benefited from strong demand from markets such as professional services firms, financial, banking and insurance companies and healthcare businesses over the past five years...read more.

Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 14-19
3.1%
Forecast Growth 19-24
Profit
Employment
344,900
Businesses
7,810

Industry Threats & Opportunities

  • Temporary staff services firms have benefited from greater demand from downstream sectors
  • Demand from the professional services, finance, banking and healthcare sectors has increased steadily
  • Industry revenue should grow steadily as business trends towards flexible workforces continue
  • Industry Report - Industry Key Buyers Chapter

    Industry concentration measures the extent to which the top players dominate an industry. The top four operators in the Temporary Staff Services industry are projected to account for approximately 18% of total industry market share in 2018-19. This indicates the industry has a low concentration level, and that the largest firms have only a limited influence on industry pricing and trends. Concentration has remained steady over the past five years, with organic growth and acquisitions by some companies being offset by revenue declines for other companies.The industry includes a large number of small firms. A s...purchase to read more.

    Additional Insights for the Temporary Staff Services Industry

    IBISWorld has determined the most important Key Success Factors for the Temporary Staff Services are:

  • Access to the latest available and most efficient technology and techniques
  • Having contacts within key markets
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as National unemployment rate and Demand from business process outsourcing in Australia in the Temporary Staff Services industry impact industry performance..

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    What's in this report

    What is the Temporary Staff Services Industry?

    Industry firms provide temporary staff to clients on a fee or contract basis. Temporary staff provided by industry firms work for clients at their respective work sites, but remain legally employed by the temporary staff provider. This also means that temporary staff are paid by the industry firm.

    Industry Products
  • Contract and labour hire services
  • Temporary placement services
  • Other employment and placement services
  • Industry Activities
  • Contract labour services
  • Labour on-hiring services
  • Labour staffing services
  • Labour supply services
  • Temporary labour hire services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • National unemployment rate
  • Demand from business process outsourcing in Australia
  • Demand from financial and insurance services
  • Demand from professional, scientific and technical services
  • Demand from construction
  • Demand from health care and social assistance

  • Current Performance
  • Revenue and profit changes
  • Mixed demand
  • Outsourcing and technology trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Further revenue growth
  • Profit and enterprise numbers
  • Outsourcing and other trends
  • Table: Temporary Staff Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Temporary Staff Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Construction
  • Wholesale Trade
  • Financial and Insurance Services
  • Professional, Scientific and Technical Services
  • Telecommunications Services
  • Health Services

  • Key Selling Industries
  • Computer and Software Retailing
  • Office Property Operators

  • Products & Services
  • Contract and labour hire services
  • Temporary placement services
  • Other employment and placement services
  • Chart: Temporary Staff Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other sectors and businesses
  • Professional, scientific and technical services sector
  • Finance, banking and insurance sector
  • Construction sector
  • Healthcare sector
  • Manufacturing sector
  • Government and defence sectors
  • Mining, energy and utilities sectors
  • Chart: Major Market Segmentation for the Temporary Staff Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Temporary Staff Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Temporary Staff Services Industry

  • Industry Globalization
    Hays Specialist Recruitment (Australia) Pty Limited, Programmed Maintenance Services Limited,
  • Table: Hays Specialist Recruitment (Australia) Pty Limited - financial performance
  • Table: Programmed Maintenance Services Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Temporary Staff Services 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 Staff Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Employment to Population Ratio (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    In-Housing
  • Bringing an outsourced function back in-house.
  • Outplacement Services
  • These are services provided to a terminated employee to assist their search for a new job.
  • Outsourcing
  • The use of outside service providers to perform various non-core activities.
  • What Our Customers Say

    Why buy this report?

    The Temporary Staff Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 Staff Services:
    • 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 of 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 Staff Services 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 Staff Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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