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Spain - Staffing industry sees major comeback

25 November 2011

Agency temporary employment was up by +8.2% year-on-year between January and August 2011, according to the latest data published by the Association of Large Temporary Employment Agencies (Agett).

Agency temporary employment saw its strongest 2011 year-on-year growth in January 2011 (+19.1%).

The recovery of agency temporary employment started towards the end of 2009 with year-on-year growth rates of +28.3% in March 2010 compared with March 2009 followed by +22.5% in August 2010 compared with August 2009.

During the bad years of 2008 and 2009, negative annual growth reached its peak of -44.1% in February 2009.

Santiago Soler, General Secretary of Adecco Spain and Board Director of Agett, commented to the El Periódico newspaper "what is happening in Spain now has already happened in other countries: employers cope with peaks of business activity by hiring agency temporary employees."

According to El Periódico, the financial results of large industry players reflect the trend. Randstad's gross profit up until September 2011 in Spain and Portugal was up by +43%. ManpowerGroup's Southern European operating income improved by +72% and Unique (part of USG People) managed to improve results by +6%.

To see a graph with agency and general employment over time, in Spanish language, please click here
 

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