30.01.2019 – 13:30
Swiss Staffingindex - Staff Leasing Sector Sees 8.4% Increase in 2018
2018 was a year of increases and slowdowns for the staff leasing industry. According to the Swiss Staffingindex, 2018 began strongly with a 15.3% increase in working hours rendered, demonstrating how Switzerland's good economic development could be seen early on in the staff leasing sector. As the year went on, however, quarterly growth steadily fell compared with the previous year, reaching 4.0% by the fourth quarter. This means that 2019 - when the economy is expected to slow down even further - is already casting a shadow on growth. The total number of working hours rendered in 2018 increased by 8.4% compared with the previous year.
Three challenges to growth for the staff leasing sector in 2019
The staff leasing sector has three challenges to overcome in 2019. The CBA on Staff Leasing, extended at the beginning of the year, once again raises the minimum wage in the sector and makes staff leasing more expensive. This is taking place in a difficult environment where both the Swiss and international economies are becoming noticeably weaker. This has caused a decline in staff leasing requirements during peak workloads. Brexit and the consequences of U.S. politics, such as the current shutdown and the constant, lingering threat of a trade dispute, are also having an adverse effect on economic prospects. Staff leasing companies can tap into growth potential in the fields of new HR services and digitalization: for example, internet platforms such as Adia, Coople and Smartfinder are combining the flexibility of the internet with social security via the CBA on Staff Leasing.
Other statistics are available by clicking on this link: http://ots.ch/Ebn8nF
Marius Osterfeld, Economist
Tel: 044 388 95 40 / 079 930 45 25
Blandina Werren, Head of Communications
Tel: 044 388 95 35