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Eurociett Agency Work Business Indicator March 2014

As of this month we now include Finnish turnover figures in our overview of sales revenues in Europe, which now covers 37% of the European agency work market. The Finnish market has been showing fluctuating results, with 0.1% growth y-o-y for January 2014. Although methodologically it is not possible to compose a European average from these figures, it is clear that the trend in turnover development is similar to the trend in hours worked, slowly returning to positive growth figures, although not as dramatically as in early 2010. Poland is a big exception here with a growth rate of 33.9% in Q4 2013.    


In February 2014, the number of hours worked by temporary agency workers was -0.26% lower than a month earlier (seasonally adjusted data, corrected for calendar effects). A decrease was observed both in the blue collar segment by -0.90% as in the white collar segment by -0.16%. In comparison with February 2013, the activity in the temporary agency work industry grew by 2.04% (compared to 2.88% in January 2014) resulting from a rise in the blue collar segment (hours worked: 6.58%) and a fall in the white collar segment (-3.56%).     FRANCE In January 2014, temporary work turnover increased 0.5%. In the same time, number of hours worked decreased 0.5%. In February 2014, the number of temps at work has been reduced by 3.3% (in comparison with February 2013), confirming the slight decline of the beginning of the year. In the detail, the level of employment has been decreasing in 3 regions between January and February Ile de France, with respectively -3.3% and -4.2%, Lorraine with -6.4% and -8,5% and PACA with -12,2% and -12,8%.  


In period 2 (week 5 – 8) the total amount of hours increased 4% and also turnover grew 4%, in comparison to the same period last year. This period had an equal amount of workable days compared to the same period last year, so no correction was applied. ? The administrative sector increased 9% in hours and turnover grew 8% in comparison to the same period in 2013.  ? Hours in the industrial sector increased 1% and turnover increased 2% compared to the same period last year.  ? Furthermore, the amount of worked hours in the technical sector increased 8% and turnover increased 7%.


The staffing agencies continued to strengthen their role as a strategic partner for Swedish industry during the last quarter of 2013. The industry grew during the last quarter by 5.4% compared with the same period last year. A weak start to 2013 meant that during the year the industry fell by a total of 1%, turning over some SEK 20 billion. (This refers to the industry's 35 largest companies.) Sales of staffing services to industry (24%) and the logistics sector (15%) grew substantially during the quarter. On a full year basis the increase was negligible. These two sectors account for 44% of turnover in the Swedish staffing market. Total sales during the year amounted to almost SEK 9 billion within these two sectors. Use of the staffing agencies’ services is moving more and more towards longer and more complex solutions, which, among other things, is resulting in increasing sales of outsourcing commissions. This area grew during the fourth quarter by 39% and on a full-year basis by 22%. Overall SEK 1 billion was invoiced during the year for outsourcing solutions. The fourth quarter displayed a continuing positive trend for the Health and Medical Care sector, with growth of 17% and 10% for the full year. Overall almost SEK 1.5 billion was invoiced within this occupational area. The sector is consolidating its important role in the Swedish labour market as a central HR supplier for a competitive industry, an efficient logistics structure and an available health care system.


Temp billings rise at slowest pace in three months.   Agencies’ billings from the employment of temporary/contract staff continued to rise in February. The rate of growth remained strong, despite moderating to a three-month low. Rising business activity levels at clients were reported by panellists as the main factor supporting higher temp billings. Midlands-based agencies signalled the strongest increase in temp billings during February, while growth was slowest in the South.  


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