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The association of Swedish Staffing Agencies this week reported mixed results about the local recruitment market as the latest trends show that some of the country’s largest recruiters struggled with falling demand.
But the association remained positive. “The staffing industry consolidated its position in the labour market in 2012, over the last 10 years, the staffing industry has grown by nearly 100%. Since 2011, the quarterly revenues [reported by staffing companies] remained at around SEK 5 billion [approx. €600 million].” But it said that demand for hiring declined by -1% during 2012.
Each quarter the association publishes a research report indicating how the staffing market is performing, based on revenue achieved by some of the country’s largest staffing agencies. These account for around 85% of total sales in the industry.
The latest report reveals that revenue fell by -4% in the fourth quarter of 2012, when compared to the same time a year ago. Northern Sweden was the only region to post an increase in revenue while declines were noted across Stockholm, the largest region by revenue, as well as Southern and Central Sweden.
The majority of sales in the Swedish staffing industry were generated from the industrial/manufacturing, office/administration, warehouse/logistics and accounting/finance sectors. All of these sectors showed a decline in revenue during the fourth quarter.
Despite these downwards trends, Staffing Industry Analysts expects the Swedish staffing industry to post double-digit growth this year.