Over the past decade, the wages and salaries in employment services in Italy have demonstrated a general upward trend with periods of variability. In 2023, the value stood at €9.65 billion. From 2013 to 2018, the sector saw consistent growth, peaking significantly in 2017 with a year-on-year rise of 22.62%. From 2019 onwards, the growth rates fluctuated, with occasional dips as seen in 2019 and mild rise in subsequent years.
The year-on-year variation from 2021 to 2023 has been relatively moderate, showcasing a stable but slower growth rate compared to previous years. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) is 2.84%, indicating a trend towards stabilization.
Future forecasts suggest a continuous but modest growth, with a forecasted CAGR of 2.45% from 2024 to 2028, culminating in a projected €11.28 billion by 2028. This suggests that while growth will continue, it may be at a decelerated pace compared to the past decade.
Looking ahead, trends to watch for include potential impacts of economic policies, technological advancements in employment services, and shifts in labor market dynamics. These factors could significantly influence wage and salary growth in the sector.
