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Business 20 (B20), the business community of the Group of 20 Finance Ministers and Central Bank Governors (G20), stated that private employment services and temporary agency work creates jobs, according to the International Confederation of Private Employment Agencies (Ciett). At yesterday’s summit in St. Petersburg, Russia, the B20 stressed that diversity of labor contracts is essential to create an enabling environment for businesses to create jobs.
The B20 report states that flexible labor markets that offer a diversity of work contracts — including temporary and part-time work — are an essential part of such an enabling environment and that a diversity of work contracts enables companies to react rapidly to market changes and quickly create jobs.
The report cites a study by The Boston Consulting Group and Ciett. The report shows, with regard to temporary agency work, that in 62 percent of all cases there would be no job created, as companies would choose internal flexibility or not to do the job.
It also said flexible forms of employment can often be stepping stones into full-time and permanent employment – especially for disadvantaged groups.