In 2023, the wages and salaries of temporary employment agency services in Germany amounted to approximately 21.7 billion Euros. The forecast predicts a steady increase from 22.95 billion Euros in 2024 to 27.89 billion Euros by 2028. This indicates a year-on-year growth of around 5% from 2024 to 2028, with a compound annual growth rate (CAGR) of approximately 5.3% for the five-year period from 2024 to 2028.
Future trends to watch for include:
- Potential regulatory changes in labor laws impacting temporary employment.
- Technological advancements that could increase efficiency in job placement.
- Economic factors, including GDP growth and unemployment rates, that may affect demand for temporary labor.
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