Employment agencies enable adaptation by closing skills gaps and placing unemployed youth in work
While the report clearly demonstrates that change is underway, forecasts vary in different industries and regions: on average, before entering into agency work 33% of workers were unemployed while just 21% returned to unemployment a year later. On another note, 43% of people starting agency work were previously employed and 71% remained employed a year later. Almost one-third of agency workers are under the age of 25 and declare upskilling via agency work is key to staying employable.
“These numbers show two things: first, agencies provide both an entry point to the labour market and a stepping stone to permanent hiring. Second, the industry creates decent jobs that would otherwise not exist. In India for instance, 92% of companies would not make permanent hires if agency work was not available”, says Denis Pennel, Managing Director at the World Employment Confederation.