LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Contract/Temporary Staffing Services Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix the corporate services industry. This report breaks down the data and analysis behind the procurement of contract/temporary staffing services and acts as an all-inclusive guide for making smart purchasing decisions.
“The temporary staffing services market is driven by organizations' need for good quality and cost-effective staffing solutions with shorter turn-around times,” says SpendEdge procurement analyst Angad Singh. “Also, temporary staffing allows buyers to hire employees for specific tasks or during specific periods and provides an opportunity to test new employees before hiring them permanently,” added Angad.
Key Report Features
|Supply Market Insights||Negotiation Strategies|
|Procurement Best Practices||Category Risk Analysis|
|Cost Saving Opportunities||Key Supplier Analysis|
|Pricing Models||Supplier Capability Matrix|
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- SpendEdge analysts expect the contract/temporary staffing services market to grow at a CAGR of 6.9% over the forecast period.
- The competitive market scenario has encouraged buyers to engage with staffing firms based on their specialization to procure staffing services for varied positions.
- Suppliers need to invest in resource planning tools to gain visibility over and mitigate potential scenarios and overcome the complexities in planning management due to business volatility.
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Contract/Temporary Staffing Services Pricing Trends
The bill-rate pricing model is by far the most widely adopted model in the market as it provides transparency in pricing and is favorable for buyers engaged in a large number of projects with staffing firms, as markups are lowered. However, SpendEdge analysts project the temporary worker fee model to gain prominence as it is suitable for jobs that offer low pay, as buyers need to pay a percentage of candidates' basic salary.
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