CATEGORY

Temporary Labour

Organisations have been increasingly depending on temporary workforce across the globe to fullfill interim workforce requirements and ensure that the operations run smooth. Temporary workforce is being used not only used for blue collar or low skilled jobs but are also depend for niched and technicla roles where it is difficult to source permanent talent. The report provides various industry trends and sourcing best practices and also highlights the potential service providers in the industry

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Category Alerts


CATEGORY ALERTS

Staffing working hours spike 2% year over year in June

July 04, 2022
alert level: Medium
CATEGORY ALERTS

Number of temporary agency workers in Belgium declined by 5.76% in May 2022

July 06, 2022
alert level: Medium
CATEGORY ALERTS

AMS acquires FlexAbility in India

July 13, 2022
alert level:

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Temporary Labour Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Temporary Labour category is 8.70%

Payment Terms

(in days)

The industry average payment terms in Temporary Labour category for the current quarter is 53.7 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Temporary Labour Suppliers


    1,848
    Total Suppliers
    174
    Diverse Suppliers
    73
    Normalized Supplier Rating
    Temporary Labour Supplier

    Find the right-fit temporary labour supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Adecco Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    51

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    45
    Governance
    58
    6 Domains Performance (/100)
    Business behaviour
    50
    Human rights
    55
    Community Environment
    50
    Corporate governance
    62
    Human resources
    36
    Security Scorecard
    85

    Threat indicators
    C
    76
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    90
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    D
    62
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    96
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    adecco.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    4
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    10
    Regulatory Issues
    3
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    58
    Discrimination Workforce Rights Issues
    8
    esg controversies critical severity
    No

    Temporary Labour market report transcript


    Global Temporary Labor Industry Outlook

    • The global staffing industry is expected to decelerate at 4 percent in 2020 due to global economic slowdown and dip in business due to the pandemic. Three countries generated highest revenue for staffing industry such as the US, Japan and the UK.
    • Temporary staffing constitutes $438 billion (more than 89percent) of the global staffing revenue. This indicates that the temporary staffing share has been growing regionally across different skill segments and industries
    • The need for flexible workforce would drive the market especially in the APAC region. Gig economy is a rising trend in APAC, especially in Singapore and Malaysia, where the growth of online platforms supports the growth of gig economy

     

    Global Market Maturity

    The strategic value additions that temporary labor can bring into the workforce have been realised and thus increasingly adopted in North America and Western Europe

    Global Industry Trends

    Temporary labor has been growing over the past few years, especially after the recession and slow recovery experienced across regions. Some of the factors enabling the growth have been identified and compared across regions

    Global Temporary Labor Drivers and Constraints

    This industry has more drivers than constraints, which contributes to the growth of the industry. Some of the prominent drivers are demographic changes, high demand for SOW and IT professionals, growth in the gig economy and technology

    Drivers

    • Demand for SOW:SOW demand is increasing as it allows the client to control costs and engage staff based on the project and the pay, on completion of the project or deliverable
    • Demand in transportation and logistics:The demand for temporary labor is seen to be increasing in transportation and logistics due to the growth in warehousing, trucking and other manufacturing sectors
    • Demand for IT professionals: The demand for temporary IT professionals is growing in the Nordic countries, which in turn drives the growth of professional temporary staffing
    • Technology:The emergence of Human Cloud and VMS has a positive effect on the industry as it makes the process better controlled and manageable
    • Growth in the gig economy:The baby boomers are exiting from the workforce. There is a need to retain the immense knowledge of these workers, whose services can be obtained by employing them as temporary workers, which would ensure that these more experienced workers enjoy increased flexibility in their work options

    Constraints

    • Growing skill gap: Globally, preferred skills are lagging across industries, and employers are finding it challenging to fill the gap formed. This skills/talent gap has given rise to contingent workforce drastically
    • Office space constraints:Temporary workforce operate on an interim basis but require certain facilities to complete the work, such as PCs, workstations and other essentials. Hiring a large pool of temporary laborers results in the expenditure of basic essentials, which could lead to an increase in cost-per-hire
    • Artificial intelligence and robotics (Automation):Growth in robotics and artificial intelligence could result in automation of jobs, where a majority of blue-collar temporary workers are employed. The onset of such a technology could result in temporary labor being replaced, due to cost savings and efficiencies, which could be achieved