30.10.2018 – 09:00
Swiss Staffingindex - Temporary work sector: quarterly growth at 5.5 percent
The Swiss economic cycle has reached maturity. Recruitment agencies continue to benefit from a good economic environment with an increase of 5.5 percent year-on-year in the third quarter of 2018. However, acquiring new skilled workers on the labor market is becoming ever more difficult and is preventing the sector from maintaining the double-digit growth rates seen in the first and second quarter.
Foundation CH2048: CBA on Staff Leasing as a model for the future of digitalization in this field swissstaffing, the social partners Unia, Syna and Employees Switzerland, and the Kaufmännischer Verband agreed to extend the CBA on Staff Leasing in October 2018. This ensures that flexibility and social security can continue to be combined in Switzerland without complicated legal regulations. Development in the temporary work sector shows that flexibility is needed by both employees as well as employers. With the rise of new online platforms such as Uber, demand for solutions which unite flexibility with social security is expected to increase. Think Tank CH2048 arrived at this conclusion in its recently published "CH2048 Impulse" report, which stated that temporary work is an innovative, proven solution to the future challenges surrounding social security (ch2048.ch).
Risks: policy framework conditions at home and abroad
Growth in the temporary work sector is already supported across all industries. Positive business growth is threatened in particular by political risks. The sector may be seriously affected by the impact of Brexit, a potential flare-up of the debt crisis in Europe and an international trade war over the coming year. However, domestic problems also harbor risks. The failure of the institutional framework agreement with the EU or the adoption of the "Self-Determination Initiative" could permanently damage our economic relationship with the EU, our most important trading partner.
Other statistics are available at http://ots.ch/fGGWL9.
Marius Osterfeld, Economist
Tel: 044 388 95 40 / 079 930 45 25
Blandina Werren, Head of Communications
Tel: 044 388 95 35