Temporary Labor Market Size Worth $673.43
Billion By 2025
The global temporary labor market size is projected to touch USD 673.43 billion by 2025. The market is projected to
register a CAGR of 6.4% over the forecast duration. The need to employ extra labors in additional projects during peak
working periods are supplementing the market demand.
With the evolution of various technologies such as Virtual Reality (VR) and Augmented Reality (AR), the demand for
skilled labor has increased significantly. Small and large enterprises are hiring temporary employees to reduce the cost
of the projects and increase the efficiency of their operations.
Further, governments across the globe are introducing various programs such as smart cities construction, healthcare
schemes and others. Additionally, countries are also introducing programs for guest workers where workers from other
countries work in host countries. For example, H-2B and H-2A programs in the U.S allow owners of the farms to bring
workers for different tasks including agricultural and non-agricultural.
Unlike regular workforce, in temporary employment, employers are not obliged to offer different benefits such as health
insurance, retirement security and different other compensations. Thereby, the total cost of hiring reduces significantly.
Such advantages to employers encourage them to hire temporary labors.
Further key findings from the report suggest:
• The management labor type segment is anticipated to grow at a CAGR of 11.0% over the forecast duration.
• Among different end-use, the healthcare segment is projected to register a CAGR of 8.3% over the forecast period.
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“The global temporary labor market size is projected to touch USD 673.43 billion by 2025.
The market is projected to register a CAGR of 6.4% over the forecast duration. The need to
employ extra l