Over the years from 2013 to 2023, the wages and salaries of employment placement agencies in France have exhibited significant fluctuations. Initially, there was a marked increase in 2013, followed by a drop in 2014. Subsequent years saw varied changes, including notable increases in 2015 and 2017, but overall, decreasing trends gained dominance. By 2023, the value stood at 192.7 million euros, having experienced a significant decline especially evident in recent years, with a steep drop witnessed from 2019 onwards and a continued trend downward through 2023.
Notably, the sector saw a year-on-year variation of -9.53% in 2023, while the last five years manifested a CAGR of -9.55%. Looking into the future from 2024, forecast data indicates a continued reduction in wages and salaries, predicting a decrease to 93.7 million euros by 2028, reflecting a forecasted 5-year CAGR of -11.49% and a cumulative 5-year growth rate of -45.68%.
Future trends to watch for:
- Further declines in wages and salaries, influenced by potential economic factors and market dynamics.
- Shifts in the structure and demand within the employment placement industry, potentially driven by technological advancements and labor market changes.
- Policy and regulatory impacts on employment services which could either mitigate or exacerbate downward trends.
