Daily NewsView All News
Payroll services companies have seen sales decline by -6% in the first half of 2012, compared to the same period in 2011, according to the market monitor published by Dutch Association of payroll companies (VPO).
The decrease in the payroll services business fits into the overall picture of the current economic climate in the Netherlands. "It is true that we have seen some moderate economic growth over the first two quarters of 2012. But many companies are increasingly cautious managing costs and investments, including in hiring personnel," said VPO Chairman Jeu Claes, "therefore it is not surprising that payroll services are feeling the bite."
Payroll services is a wide spread type of HR services in the Dutch market, whereby a payroll company takes on the administrative and legal burden on behalf of independent contractors and their clients.
As we reported in the beginning of the month, the Dutch staffing industry has seen an ongoing decline in activities this year with little signs of improvement. Figures from the Dutch Association of Employment Agencies (ABU) showed that temporary billings were both down both in terms of hours worked (-5%) and turnover achieved (-2%) in the period from mid-June to mid-July when compared to a year ago.
To read the press release from the VPO in Dutch language, click here.