Forecast: Wages and Salaries of Temporary Employment Agency Services in Austria

The wages and salaries within the Temporary Employment Agency Services in Austria have shown consistent growth from 2013 to 2023, reaching 2.69 billion Euros in 2023. Despite minor downturns in 2020 due to economic challenges, the year-on-year growth from 2021 onward has been stable, showing a significant recovery and continual increase. The Compound Annual Growth Rate (CAGR) over the last five years stands at a promising 1.7% projected from 2023 to 2028, indicating steady industry expansion. Forecasts suggest reaching 2.99 billion Euros by 2028, with a forecasted five-year growth rate of 8.81%, representing a stable and growing market.

Future trends to monitor include:

  • The impact of economic policies on employment agency services.
  • Technological advancements in job placement and recruitment processes.
  • Potential fluctuations due to global economic conditions and labor market dynamics.
  • Shifts towards more flexible work arrangements and their implications for the temporary employment sector.

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