In 2023, France leads in wages and salaries for temporary employment agency services in Europe at €25.84 billion, showing a 2.8% increase. The UK and Germany follow closely, with year-on-year growth of 1.87% and 3.4%, respectively. Switzerland and Hungary exhibited significant growth rates of 5.87% and 5.85%. Conversely, the Netherlands saw a slight decline of 0.38%, and Bosnia and Herzegovina experienced a significant drop of 24.21% over the year. Smaller economies like Serbia and Lithuania recorded impressive growth rates of 51.03% and 9.14% respectively, indicating emerging market trends.
Future trends to watch include the potential impact of economic policies on job market flexibility and wage adjustment in the temporary employment sector. Technological advancements and shifting labor market demands might lead to changes in employment patterns, affecting the value and distribution of these wages and salaries across European nations. The effects of inflation and macroeconomic conditions will also play a significant role in shaping future compensation structures in this sector.
Top countries in Wages and Salaries of Temporary Employment Agency Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 25,840 | 2023 | +6.87% | +2.8% | View data |
| 2 | 2 United Kingdom | 22,640 | 2023 | +1.65% | +1.87% | View data |
| 3 | 3 Germany | 21,680 | 2023 | +10.3% | +3.4% | View data |
| 4 | 4 Netherlands | 8,770 | 2023 | +1.97% | -0.38% | View data |
| 5 | 5 Italy | 8,530 | 2023 | +3.95% | +1.07% | View data |
| 6 | 6 Switzerland | 6,830 | 2023 | +7.93% | +5.87% | View data |
| 7 | 7 Belgium | 5,040 | 2023 | +7.03% | +2.27% | View data |
| 8 | 8 Spain | 4,770 | 2023 | +4.82% | +2.33% | View data |
| 9 | 9 Sweden | 3,150 | 2023 | +6.68% | +3.63% | View data |
| 10 | 10 Norway | 2,690 | 2023 | +6.54% | +2.69% | View data |
