Staff Leasing Sector Shrinks by 4.5%

In 2019, temporary workers rendered 4.5% fewer working hours than in the record year that was 2018. This is due to demand in the labor market drying up and the lack of growth momentum in Switzerland's economy. As a result, staff leasing companies are finding it harder to recruit workers and also harder to place these workers in companies, due to lack of demand.

Good long-term growth prospects, short-term political risks

Nevertheless, the industry association swissstaffing remains positive about the future. "New services such as HR management for SMEs, platform work with the appropriate social security for flexworkers, and procuring and recruiting highly qualified freelancers are three areas that all still offer great potential for growth", swissstaffing economist Marius Osterfeld explains. "However, the greatest risk is a further slowdown in the economy – whether due to surprises resulting from Brexit, the USA's customs policy, or an unexpected adoption of the immigration limitation initiative."

Further Information:

The next page shows the index's key data and the development of the underlying index values. More statistics and the white paper can be found at 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

www.swissstaffing.ch
www.temporary-work.ch



swissstaffing
is a service centre and centre of excellence for staff leasing companies in Switzerland. As an employers' association, swissstaffing represents the interests of its 400 members in matters of policy, the economy and society. swissstaffing is a social partner of the CBA on Staff Leasing, the agreement covering more employees in Switzerland than any other.

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