Turnover by employment agencies grew in Q4 2016

28/02/2017 15:00
According to Statistics Netherlands (CBS), turnover generated by temp employment agencies, job pools and payrollers grew by 3.5 percent in Q4 2016 relative to the preceding quarter. This is the highest growth in 2016. The number of hours worked in temp jobs also increased further in Q4.

Simultaneously with the publication of Q4 data, annual figures become available. In 2016, turnover in the temp sector increased by 7.6 percent and the total number of temp hours by 6.9 percent.

Turnover temp sector, seasonally adjusted
y
102,8
103,9
105,9
107,4
107,6
109,6
111,8
113,9
116,2
120,4
123,9
129,8
127,1
130,5
132,4
137,1

Highest increase number of hours worked in long-term in 2.5 years

Turnover in the temp sector is strongly related to the number of temp hours. The total number of temp hours increased by 2.8 percent in Q4 2016 relative to Q3. The growth is due to an increase in both short-term and long-term employment contracts.

The number of hours worked in long-term temporary contracts, e.g. secondment and pay-rolling, increased by 3.9 percent in Q4 2016. This is the highest increase in 2.5 years. The number of hours worked in short-term temporary contracts increased by 1.7 percent. This increase was less substantial than in Q3.

Hours worked in temp jobs, seasonally adjusted
y
99,5
98,6
98,9
100,4
98,4
97,1
97,8
99,1
99,3
102,3
104,6
106,6
107,4
110,3
112,5
114,4

Not only temp jobs

As reported by CBS on 14 February, the number of jobs held by employees and self-employed rose by 53 thousand in Q4 2016, i.e. the most substantial increase in 5 years. Additionally, the number of new job vacancies grew by 8 thousand, while unemployment was reduced by 29 thousand compared to Q3 2016.

Sources

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