swissstaffing - Verband der Personaldienstleister der Schweiz
Swiss Staffingindex - Staff leasing employment driver creates 5,000 new jobs
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Dübendorf (ots)
More than 5,000 new jobs were created in Switzerland in 2017 as a result of temporary work. The number of working hours rendered increased by 5.8% compared with the previous year. After two crisis years, the sector is thus sending a positive signal for overall economic development: experience shows that at the beginning of a growth phase, companies make use of a temporary workforce to handle rising order numbers. Switzerland can therefore expect to see robust growth for 2018.
Increase in revenue hides low margins
For many medium-sized staff leasing companies, this substantial increase in revenue has come at the right time: fierce competition and cost-conscious customers are putting pressure on margins. However, profits are required in order to handle the administrative costs of implementing the mass immigration initiative and to overcome the challenges thrown up by digitization.
Growth with risks
These favorable figures also conceal risks: increasing vacancy rates for rental properties and falling immigration could cause overheating in the building sector, a key industry for staff leasing companies. In addition, efforts to limit temporary work are threatening to start destroying key entry-level jobs. However, positive development in the global economy and Switzerland's pleasing growth provide the staff leasing sector with hope for a good 2018. In the assessment of Marius Osterfeld, economist at swissstaffing: "If the historical link between GDP growth and the Swiss Staffingindex is borne out, the sector could grow by up to a further 5.8% in 2018."
Other statistics are available by clicking on this link: http://ots.ch/OJubk.
Contact:
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