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Contract or Temporary Staffing Services Market Analysis
Spend growth of this market has the potential to touch a value of over USD 90 billion with spend momentum that will accelerate at a CAGR of more than 9% between 2019-2024. This spend growth is mainly attributed to the cost advantages of hiring temporary and contract employees. Several large and mid-sized companies prefer to engage with temporary staffing firms to gain access to a large talent pool as well as technological expertise. This helps such companies to streamline their recruitment process and in the due process improve profit margins during demand fluctuations. The strategy also helps buyers in sourcing quality candidates in shorter TAT. Such advantages will drive spend growth in the global contract or temporary staffing services market.
Top Spending Regions in the Contract or Temporary Staffing Services Market
According to the forecasts, North America will be one of the leading regions in the global contract or temporary staffing services market.
Spend growth in the contract or temporary staffing services market is mainly driven by the introduction of the ACA mandate in the US. The ACA mandate forces companies with more than 50 employees that work at least 30 hours in a week to provide insurance coverage to their employees. Hence, many companies in the region are expected to increase their engagements with temporary or contract employees to reduce their operational costs.
Factors such as shifting workforce dynamics in terms of labor migration, student mobility, and development of private business sector and the need for talent that complements organizational goals will supplement the growth of the market in the region.
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Insights Offered in this Contract or Temporary Staffing Services Market Report
Insights into Some of the Leading Contract or Temporary Staffing Service Providers
This contract or temporary staffing services market procurement intelligence report has enlisted the top service providers and their cost structures, SLA terms, best selection criteria, and negotiation strategies for the top contract or temporary staffing service providers. The top service providers highlighted in this report include:
Criteria to select suppliers in this dynamic contract or temporary staffing services market is subject to change based on the day-to-day market outlook. Get a free demo of our procurement platform to gain immediate access into real-time insights to the changing suppliers selection criteria.
PART 01: Executive Summary
PART 02: Market Insights
PART 03: Category Pricing Insights
PART 04: Cost-Saving Opportunities
PART 05: Best Practices
PART 06: Category Ecosystem
PART 07: Category Management Strategy
PART 08: Category Management Enablers
PART 09: Suppliers Selection
PART 10: Suppliers Under Coverage
PART 11: US Market Insights
PART 12: Category Definition
PART 13: Appendix
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.