Hard work: Rising unemployment and mixed downstream demand limit revenue growth

The Temporary Staff Services industry provides skilled and unskilled labour to client companies, usually on a short-term basis. Several factors influence demand for staffing services. The national unemployment rate affects industry demand, with higher unemployment generally limiting demand for temporary staff. In addition, greater business outsourcing generally has a positive effect on the industry. The performance of client sectors also affects industry operators, with stronger growth in downstream markets usually boosting industry revenue. Industry operators have benefited from greater demand from the construction and healthcare sectors over the past five years.Industry demand has increased in each of the past five years, although the rate of growth has varied...read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 13-18
2.1%
Forecast Growth 18-23
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Profit
x.x%lock
Employment
347,100
Businesses
7,152
Market Share of Companies

Industry Threats & Opportunities

  • Industry firms have benefited from greater demand from the construction and healthcare sectors
  • Demand from the healthcare and education sectors has increased steadily over the past five years
  • Revenue is expected to grow steadily as the client trend towards flexible workforces continues

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    Industry Report - Industry Locations Chapter

    The geographic spread of establishments in the industry is broadly in line with the spread of population and economic activity. New South Wales, Victoria and Queensland dominate due to their large size and because many major client companies are headquartered and located in Sydney, Melbourne and Brisbane, and across these States. The major markets for temporary and contract staff are therefore concentrated in New South Wales, Victoria and Queensland, which contributes to the dominance of these states within the industry. These three states combined are projected to account for 80.2% of industry establishments and 79.0% of industry revenue in 2017-18.A relatively strong concentration of firms in Western Australia reflects the prominence of mining activity in the state. How...purchase to read more.

    Additional Insights for the Temporary Staff Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Temporary Staff Services Industry 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

    Industry Products

    What is the Temporary Staff Services Industry?

    Industry firms 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 for the client at the client’s work site for operational purposes, but remain legally employed by (and are paid by) the temporary staff provider.

    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

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • National unemployment rate
  • Demand from business process outsourcing in Australia
  • Demand from information media and telecommunications
  • Demand from construction
  • Demand from health care and social assistance
  • Demand from mining

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

    • Industry Outlook
  • Revenue and profit outlook
  • Profit and enterprises
  • 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

    • Products & Markets

    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
  • IT and telecommunications sector
  • Construction and trades sector
  • Other sectors and businesses
  • Healthcare and medical sector
  • Manufacturing, transport and logistics sectors
  • Government and defence sectors
  • Mining, energy and utilities sectors
  • Education and training sectors
  • Chart: Major Market Segmentation for the Temporary Staff Services Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Temporary Staff Services

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

    • Industry Globalization

    Major Companies

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

    • Operating Conditions

    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

    Key Statistics

    Table: Industry Data for the Temporary Staff Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Employment to Population Ratio (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    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?

    IBISWorld’s Temporary Staff Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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