£55.2bn
£X.Xbn
736k
9,973
£XX.Xbn
The Temporary-Employment Placement Agencies industry revenue is forecast to decline at a compound annual rate of 1.5% to £55.2 billion over the five years through 2024-25. The COVID-19 outbreak meant key employers of temporary workers in the sports and music events spaces completely shut their doors and businesses froze hiring, reducing clients for agencies. Sign-ups for temporary employment declined, hitting revenue in 2020-21. Companies pressed play immediately on hiring as the economy reopened in 2021-22 with record vacancies, particularly in the service sector, boosting revenue for recruiters.
Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated £55.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
REED Global | 1,293.0 | |
Impellam Group plc | 734.7 | |
Randstad NV | 534.5 |
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Industry revenue is measured across several distinct product and services lines, including Fixed-term temporary workers, Casual workers and Agency workers. Fixed-term temporary workers is the largest segment of the Temporary-Employment Placement Agencies in the UK.
Employers can hire fixed-term temporary workers with particular skillsets when required
Businesses in this industry provide their clients with workers to temporarily replace or supplement their existing labour force. The individuals are employed by the agency but are supervised by the client at the worksite. The industry excludes employees outsourced on a long-term basis, classified in other industries according to their activity.
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SIC 78.20 - Temporary-Employment Placement Agencies in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Employment agencies choose London for access to key markets. Favourable employment prospects attract people living in surrounding regions who are prepared to commute, supplyi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Recruiters target different sectors and prioritise local areas. Most workers seek help from local recruiters, so agencies are spread across the UK.
Learn about the performance of the top companies in the industry.
Agencies tend to specialise, limiting market share. The industry is highly fragmented, with agencies focusing on niche markets and serving their regional areas.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Agencies must not exploit temporary workers. Regulations ensure those seeking employment are paid fairly and given adequate holidays and sick leave. Agencies aren't allowed t...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is variable across agencies. Salaries are higher in big cities like London, so agencies located there are more profitable, while those with an online presence are more...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Temporary-Employment Placement Agencies in the UK industry in United Kingdom is £55.2bn in 2024.
There are 9,973 businesses in the Temporary-Employment Placement Agencies in the UK industry in United Kingdom, which has declined at a CAGR of 1.8 % between 2019 and 2024.
The market size of the Temporary-Employment Placement Agencies in the UK industry in United Kingdom has been declining at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Temporary-Employment Placement Agencies in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Temporary-Employment Placement Agencies market in United Kingdom are REED Global, Impellam Group plc and Randstad NV
Fixed-term temporary workers and Casual workers are part of the Temporary-Employment Placement Agencies in the UK industry.
The company holding the most market share in United Kingdom is REED Global.
The level of competition is high and increasing in the Temporary-Employment Placement Agencies in the UK industry in United Kingdom.