The turnover of Temporary Employment Agency Services in Austria showed notable growth from €2.76 billion in 2013 to €4.07 billion by 2023. The sector experienced fluctuations with significant increases in 2017 (+15.53%), 2018 (+10.43%), and moderate gains in other periods. A sharp decline was noted in 2020 (-12.16%) due to likely external impacts, followed by consistent recovery. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 stands at 1.8%. The forecasted data suggests continued growth, reaching €4.52 billion by 2028, with a 5-year CAGR of 1.64%.
Future trends to watch for:
- Impact of economic cycles and potential global disruptions
- Changes in regulatory policies affecting labor markets
- Technological advancements and automation in the hiring process
- Shifts in workforce demographics and skill requirements
- Evolving client demands and service diversification
