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Europe – Private employment services steady the labour market

21 June 2013

A joint report from the Boston Consulting Group (BCG) and International Confederation of Private Employment Agencies (Ciett) extols the adaptive and supportive impact of private employment services on the labour market. 

In many countries, agency work is increasingly recognised as a lifestyle choice and agency workers show high levels of satisfaction with the flexibility and work / life balance that agency work provides them. European research from the French bipartite institute L’Observatoire des Métiers et de l’Emploi showed that 83% of people in the UK, and 76% in Poland would recommend agency work. More than 50% of workers in Belgium claim they have deliberately chosen agency work and that it offers diversified work.

The report asserts that in the new reality of volatile, unpredictable and complex labour markets, the need for private employment agencies to identify openings and manage the transition of workers has grown significantly. The private employment sector offers an array of added-value services to help companies to adapt better and faster to economic cycles and to be able to focus on their core business. They reduce time-lag between recovery and job creation and increase the range of choices and work opportunities for people.

As a labour market intermediary, the private employment sector is able to better match supply with demand in the workplace by creating jobs, fighting undeclared work and reducing both frictional and structural unemployment. The industry supports governments in implementing active labour market policies, especially through cooperation schemes with the public employment services.

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