Now hiring: Corporate expansion and emerging markets will aid industry growth

The Office Staffing and Temp Agencies industry in Canada has expanded at a slow and steady pace over the past five years. The industry's performance depends on the overall economic growth and macroeconomic conditions, so its growth is highly cyclical. The Canadian economy has experienced increasing employment and growth in key markets, but a sluggish growth in aggregate private investment. The industry is projected to continue growing over the next five years. The...read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 13-18
1.1%
Forecast Growth 18-23
Profit
Employment
165,005
Businesses
764
Market Share of Companies

Industry Threats & Opportunities

  • Strong demand from the IT and professional service sectors to continue propelling the industry forward
  • Temporary staff are often the first to be let go during an economic downturn
  • Demand for contractual engineers and industrial workers from the energy sector is likely to rebound
  • Industry Report - Industry Investment Chapter

    The Office Staffing and Temp Agencies industry in Canada is characterized by an extremely low level of capital intensity. Industry operators supply businesses with staff for short periods of time and are involved in the screening process of candidates. Therefore, there is little capital used in the industry outside of basic administrative equipment such as office computers, phones and recruitment software used incidentally in the hiring and employee management process. In 2018, 69.7% of industry revenue is expected to be allocated to wages, while just 0.5% of revenue is expected to be allocated to depreciation costs. As a result, for every dollar spent on labour, the industry is expected to spend $0.01 on capital. Usa...purchase to read more.

    Additional Insights for the Office Staffing & Temp Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Office Staffing & Temp Agencies Industry are

  • Having a good reputation
  • Access to multiskilled and flexible workforce
  • Use of high volume/low margin strategy
  • IBISWorld analysts also discuss how external factors such as Aggregate private investment and Number of businesses in the Office Staffing & Temp Agencies industry impact industry performance..

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    What's in this report

    What is the Office Staffing & Temp Agencies Industry?

    This industry supplies businesses with workers for limited periods of time to supplement existing staff. Although temporary workers remain employees of the temp agency, tempagencies do not provide direct supervision of their employees at the clients’ work sites.

    Industry Products
  • Office and administrative staffing
  • Industrial staffing
  • Information technology staffing
  • Engineering and technical staffing
  • Other professional service staffing
  • Industry Activities
  • Office and clerical staffing
  • Industrial staffing
  • Accounting and finance staffing
  • Information technology staffing
  • Healthcare staffing
  • Executive management staffing
  • Sales and marketing staffing
  • Legal staffing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Aggregate private investment
  • Number of businesses
  • National unemployment rate
  • Government expenditure and investment

  • Current Performance
  • Labour market recovery
  • Demand for temp staffing weakens
  • Major market opportunities
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Information technology
  • Industry landscape
  • Table: Office Staffing & Temp Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Staffing & Temp Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining In Canada
  • Manufacturing In Canada
  • Wholesale Trade In Canada
  • Retail Trade In Canada
  • Professional, Scientific and Technical Services In Canada
  • Healthcare and Social Assistance In Canada
  • Consumers in Canada

  • Key Selling Industries
  • Commercial Leasing in Canada
  • Consumer Electronics Stores in Canada
  • IT Consulting in Canada
  • Office Supply Stores in Canada
  • Wired Telecommunications Carriers in Canada

  • Products & Services
  • Industrial staffing
  • Information technology staffing
  • Office and administrative staffing
  • Engineering and technical staffing
  • Other professional service staffing
  • Chart: Office Staffing & Temp Agencies Industry Products and Services Segmentation

  • Demand Determinants
  • Short-term labour demand and unemployment
  • Technological and lifestyle changes
  • External industry competition

  • Major Markets
  • Professional and technical service companies
  • Construction, mining and manufacturing companies
  • Other, including public sector
  • Wholesale and retail companies
  • Education and healthcare companies
  • Financial companies
  • Chart: Major Market Segmentation for the Office Staffing & Temp Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Office Staffing & Temp Agencies

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office Staffing & Temp Agencies Industry

  • Industry Globalization
    Adecco,
  • Table: Adecco - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Office Staffing & Temp Agencies 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 Office Staffing & Temp Agencies Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Corporate profit (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Evaluation-To-Hire
  • The process of hiring temporary staff and evaluating them to consider full-time employment.
  • Locum Tenens
  • A temporary filling of an office or position for another, typically in the healthcare sector.
  • Temp
  • An abbreviated term for a temporary worker, which are hired on day-to-day or contracted bases.
  • Tenure
  • The duration of time that an employee works with a temporary staffing company
  • Turnover
  • The rate at which outgoing (old) employees are replaced by incoming (new) employees within an industry; measured as a percentage
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Office Staffing & Temp Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Office Staffing & Temp Agencies:
    • 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 Office Staffing & Temp Agencies 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 Office Staffing & Temp Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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