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Temporary Employment Placement Agencies in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-N782 July 2024 Factsheet

Revenue

€7.4bn

2019-2024 2.1 %
2024-2029 X.X %

Employees

156k

2019-2024 1.2 %
2024-2029 X.X %

Businesses

444

2019-2024 7.7 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Temporary Employment Placement Agencies in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#7 In Europe
Business
#17 In Europe
Employees
#8 In Europe
Wages
#8 In Europe

View industry report for Europe

Revenue in the Temporary Employment Agency industry is anticipated to drop at a compound annual rate of 4% in the five years through 2024 to €236.5 billion. The COVID-19 outbreak meant key employers of temporary workers in the hospitality and tourist sector shut their doors, and companies froze hiring due to economic uncertainty - a sizeable blow to revenue in the three years through 2022. Workers on temporary contracts represented a significant chuck of employment losses in all quarters of 2020. According to Eurostat data, temporary employment declined across Europe in the four years from 2017 to 2020, dipping from 13.8% to 11.9%.

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Enterprises
Number of businesses in 2024

Biggest companies in the Temporary Employment Placement Agencies in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Robert Half International Inc.
6,831.3
618.4
9.1
Robert Walters plc
1,321.3
75.3
5.7

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Top Questions Answered in this Report

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What is the market size of the Temporary Employment Placement Agencies industry in Belgium in 2024?

The market size of the Temporary Employment Placement Agencies industry in Belgium is €7.4bn in 2024.

How many businesses are there in the Temporary Employment Placement Agencies in Belgium industry in 2024?

There are 444 businesses in the Temporary Employment Placement Agencies industry in Belgium, which has grown at a CAGR of 7.7 % between 2019 and 2024.

Has the Temporary Employment Placement Agencies industry in Belgium grown or declined over the past 5 years?

The market size of the Temporary Employment Placement Agencies industry in Belgium has been declining at a CAGR of 2.1 % between 2019 and 2024.

What is the forecast growth of the Temporary Employment Placement Agencies industry in Belgium over the next 5 years?

Over the next five years, the Temporary Employment Placement Agencies industry in Belgium is expected to grow.

What are the biggest companies in the Temporary Employment Placement Agencies market in Belgium?

The biggest companies operating in the Temporary Employment Placement Agencies market in Belgium are Robert Half International Inc. and Robert Walters plc

What does the Temporary Employment Placement Agencies in Belgium include?

Fixed-term temporary workers and Casual workers are part of the Temporary Employment Placement Agencies industry.

Which companies have the highest market share in the Temporary Employment Placement Agencies in Belgium?

The company holding the most market share in Belgium is Robert Half International Inc..

How competitive is the Temporary Employment Placement Agencies industry in Belgium?

The level of competition is moderate and steady in the Temporary Employment Placement Agencies industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Agencies give clients access to a pool of workers to temporarily replace or supplement their existing labour force. Individuals are employed by the agency but supervised by the client company at the worksite. The industry excludes employees who are outsourced on a long-term basis, as they are classified in other industries according to their activity.

Related Terms

Agency Staff OutplacementPrice-Based Competition Pay Between Assignment Contracts

What's included in this industry?

Fixed-term temporary workersCasual workersAgency workersSeasonal workersJob-sharing contracts

Companies

Robert Half International Inc.Robert Walters plc

Industry Code

ISIC 2006

782 - Temporary employment agency activities in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Temporary Employment Placement Agencies in Belgium industry?


Outlook

Analysis

What's driving the Temporary Employment Placement Agencies in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Temporary Employment Placement Agencies in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Temporary Employment Placement Agencies in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Elementary and operative jobs make the most use of temporary workers. Temporary positions are often favoured in the cleaning profession and for transport operators, technical labourers and machine operators.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Temporary Employment Placement Agencies in Belgium industry's products and services performing?

Analysis

What are innovations in the Temporary Employment Placement Agencies in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Temporary Employment Placement Agencies in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The industry is fragmented, with numerous placement agencies and niche recruiters targeting specific sectors and focusing on one particular country or region. Regulations often have prevented larger agencies from saturating more of the market in certain sectors.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Temporary Employment Placement Agencies in Belgium located?

Companies

Data Tables

Top 2 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Agencies must ensure the welfare of temporary workers. The 2008 Directive on Temporary Agency Work ensures that agencies must protect the working conditions of temporary workers in the EU specifically and agencies have to ensure they are paid fairly, given adequate holiday and sick leave.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Temporary Employment Placement Agencies in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profit fluctuates depending on an agency's size, sector and region focus. The salaries of the job that temporary workers are placed for greatly impacts the profit margin of each candidate.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Temporary Employment Placement Agencies in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.