Impressive 6.9% growth in the staff leasing industry in the 2nd quarter

The Swiss economy is recovering. This is great news for the approximately 800 staff leasingcompanies in Switzerland, which recruit temporary staff for large corporations and SMES in all sectors. According to the Swiss Staffingindex, the number of hours worked by temporaryworkers rose by about 6.9% in the second quarter of 2017. This is a clear indication of an upturn in the Swiss economy.

The staff leasing industry creates 5,000 full-time-equivalent jobs

Recession at ABB, redundancies at Bombardier – the headlines are dominated by bad news from the economy. How does this fit with the dynamic development of the staff leasing industry? "Bad news fromlarge international corporations often steals the limelight from business success," states swissstaffingeconomist Marius Osterfeld. "In the last quarter, Swiss staff leasing companies created around 5,000 new full-time-equivalent jobs." A large number of success stories lies behind this development, forexample the move to a permanent position following a brief period as a temporary worker, additional earnings for the summer holidays or work during semester holidays to finance studies. Whether timesare good or bad, the staff leasing market remains a flexible bridge in the labor market.

200 staff leasing companies, 40% market share, one index

The new Swiss Staffingindex combines the hours of work from around 200 Swiss staff leasing companies to create a single indicator for the temporary market. These companies include industrygiants such as Adecco Human Resources AG, Manpower AG, Randstad Schweiz AG, Kelly Services Schweiz AG, Interiman Group Holding SA, dasteam ag and Bellini Personal AG. With 66 million hoursof work, the index covers 40% of the Swiss temporary market and is representative of the sector's development.

Looking to the future with confidence

"At the half-year point, the staff leasing sector has recorded a pleasing 5.3% increase in working hourscompared to the previous year," says swissstaffing economist Marius Osterfeld. "In view of the strongworld economy and the positive growth forecasts, the sector can therefore feel optimistic about thesecond half of the year." Despite this, humility is still required. "The fact that the franc remains strong and the great increase in real wages can put the fragile upturn at risk. Caution and restraint aretherefore advocated with regard to flat-rate wage increases through collective agreements. The goodeconomic climate is opening up a broad range of opportunities for all employees to benefit financiallyand professionally."

More information:

The next page shows the index's key data and the development of the underlying index values. Otherstatistics are available at by clicking on this link.

Marius Osterfeld, Economist
Tel: 044 388 95 40 / 079 930 45 25
marius.osterfeld@swissstaffing.ch

Blandina Werren, Head of Communications
Tel: 044 388 95 35
blandina.werren@swissstaffing.ch

Source: swissstaffing, Q2/2017.

Overview of the development of the Swiss Staffingindex (basis: Q1 2012)

Source: swissstaffing, Q2/2017.

swissstaffing is the centre of excellence for staff leasing companies in Switzerland. As an employers' association, swissstaffing represents the interests of its over 370 members in matters of policy, the economy and society. swissstaffing is a social partner of CBA Staff Leasing, the contract covering the majority of Switzerland's employees.
Study of the situation of temporary workers in Switzerland
The market research institute gfs-Zürich completes regular surveys on behalf of swissstaffing. The current study can be found by clicking on this link.

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