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A larger presence of temporary employment agencies would save the Spanish Government “considerable” amounts of money, a recent report by the federation of staffing firms (AGETT) and the Afi Foundation found.
The report suggests that, if the penetration rate of employment agencies is doubled, the unemployment rate in the country would fall to 23.3% from the current 24.4%. But it also said that savings the State would make by reducing the amount of unemployment benefits could translate into €1.5 billion.
This, the report argues, would also lead to increased tax savings, such as VAT, income tax and other social contributions, potentially giving the economy an extra €2 billion.
AGETT said that the Government could not miss the opportunity to increase the presence of temporary employment agencies in Spain, given the economy is in such a “delicate” state.