swissstaffing - Verband der Personaldienstleister der Schweiz
Swiss Staffingindex - Strong Recovery in the Staff Leasing Sector: Working Hours up Almost 25% This Quarter Year-on-Year
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Dübendorf (ots)
The staff leasing sector saw a rapid recovery in the second quarter of 2021. According to the Swiss Staffingindex, workers in the staff leasing sector recorded a notable 24.5 percent more working hours this quarter in a year-on-year comparison. This has allowed the sector to recover a large part of the pandemic-related slump it had been experiencing. Staff leasing advisors are reporting an increase in business in all sectors.
Following the relaxation of the Federal Council's COVID-19 measures, the staff leasing sector saw a sharp increase in business between March and June 2021. Food establishments reopened, events can once again be held, and the nation has been catching up on its consumption of such services, which were restricted due to the pandemic. This has therefore led to increased demand for employees on the labor market. This growth in the staff leasing sector is widely supported and noticeable across all industries.
The Current Situation Gives Cause for an Optimistic Outlook
The staff leasing sector acts as an early indicator for the overall economic development of the labor market. However, caution is still advised when interpreting the growth rate. In the reference period, the second quarter of 2020, the sector slumped by 22.8 percent due to the lockdown in place. As a result, the current development represents a fast recovery rather than growth in the sector. Presently, the sector is just under the level it recorded in the second quarter of 2019. Nevertheless, two out of three executives expect business to continue to increase in the next six months.
Correction of the Press Release for Q1 2021 Issued on April 29, 2021
Due to a technical error when receiving the data from an affiliated software provider, the number of working hours quoted in the press release for Q1 2021 was too low. The corrected value is -0.6 percent instead of the previously quoted -12.8 percent.
More statistics can be found at this link.
https://www.swissstaffing.ch/en/Sector-Politics/Statistics-of-the-sector/Introduction.php
Contact:
Marius Osterfeld, Economist
Tel: 044 388 95 70 / 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