The employment services sector in Turkey has experienced notable growth from 2014 to 2023, seeing increases in the number of employees from 104,000 to 301,000. The 2023 level represents a Year-on-Year (YoY) growth of 4.51%, maintaining a Compound Annual Growth Rate (CAGR) of 7.67% over the past five years. The sector saw significant expansions during 2015, 2017, and 2018, with YoY growth rates of 19.23%, 19.4%, and 30%, respectively. Following some fluctuation, including a dip in 2020, the sector resumed steady growth.
Future trends to watch for include:
- A forecasted 5-year CAGR of 3.06%, suggesting continued but slowing expansion.
- Projected growth rate of 16.24% through 2028, highlighting potential for sustained industry development.
- Monitoring economic conditions and labor market fluctuations, which could impact employment levels in the sector.
- Technological advancements and automation trends that might influence staffing and recruitment practices.