Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#30 In EuropeBusiness
#32 In EuropeEmployees
#33 In EuropeWages
#30 In EuropeRevenue 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%.
Enterprises
Number of businesses in 2024
Biggest companies in the Temporary Employment Placement Agencies in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Temporary Employment Placement Agencies in Cyprus industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Temporary Employment Placement Agencies industry in Cyprus in 2024?
The market size of the Temporary Employment Placement Agencies industry in Cyprus is €30.8m in 2024.
How many businesses are there in the Temporary Employment Placement Agencies in Cyprus industry in 2024?
There are 23 businesses in the Temporary Employment Placement Agencies industry in Cyprus, which has declined at a CAGR of 0.8 % between 2019 and 2024.
Has the Temporary Employment Placement Agencies industry in Cyprus grown or declined over the past 5 years?
The market size of the Temporary Employment Placement Agencies industry in Cyprus has been declining at a CAGR of 0.7 % between 2019 and 2024.
What is the forecast growth of the Temporary Employment Placement Agencies industry in Cyprus over the next 5 years?
Over the next five years, the Temporary Employment Placement Agencies industry in Cyprus is expected to grow.
What does the Temporary Employment Placement Agencies in Cyprus include?
Fixed-term temporary workers and Casual workers are part of the Temporary Employment Placement Agencies industry.
How competitive is the Temporary Employment Placement Agencies industry in Cyprus?
The level of competition is moderate and increasing in the Temporary Employment Placement Agencies industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Software Development in Cyprus
- Legal Activities in Cyprus
- Management Consultants in Cyprus
Complementors
- Data Processing & Hosting & Website Operating in Cyprus
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 ContractsWhat's included in this industry?
Fixed-term temporary workersCasual workersAgency workersSeasonal workersJob-sharing contractsCompanies
Industry Code
782 - Temporary employment agency activities in Cyprus
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- 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 Cyprus industry?
Outlook
Analysis
What's driving the Temporary Employment Placement Agencies in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Temporary Employment Placement Agencies in Cyprus 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 Cyprus 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.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Temporary Employment Placement Agencies in Cyprus industry's products and services performing?
Analysis
What are innovations in the Temporary Employment Placement Agencies in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Temporary Employment Placement Agencies in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
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.
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 Cyprus located?
Companies
Data Tables
Top 0 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.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Temporary Employment Placement Agencies in Cyprus 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.
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 Cyprus 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.
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To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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