This report relates to units mainly engaged in supplying their own employees to other businesses on a fee or contract basis. Assignments are mainly short term and performed under the supervision of staff of the client unit.
The Industry L7862 - Contract Staff Services in Australia ranks 62 out of 496 by industry turnover and its life cycle is in a decline phase, which means that the industry is generally growing at slower than the economy.
Capital/labour intensity is low and the uptake of new technology is low. The industry's globalisation level is low and the trend is steady.
The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover. The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.
The trend for exports is steady and for imports it's steady. The level of regulation is light and increasing and government assistance is insignificant and steady.
This industry is forecast to have a strong average annualised growth rate over the next five years. A full analysis of each of the above conditions and more is available in every IBISWorld industry report!