Temporary Employment Agencies in Mexico - Industry Market Research Report

Full-time growth: Mexico's manufacturing focus is expected to continue to benefit the industry

Temporary Employment Agencies in Mexico
Over the five years to 2019, the Temporary Employment Agencies industry in Mexico has benefited from sustained macroeconomic growth in Mexico. Continued growth has helped the unemployment rate in Mexico to fall, benefiting industry operators as they were able to help more individuals find employment opportunities. This is especially so due to the Mexican economy's large emphasis on manufacturing, which often requires short-term, just-in-time workers. While operators did benefit from increased demand for their services during the period, new entrants and rising operational expenses led industry profit margins to decrease. The industry is expected to continue to grow at a steady pace over the five years to 2024, as macroeconomic conditions are expected to continue to improve in Mexico. To manage increased workloads, operators are expected to hire new workers. This industry consists of establishments that temporarily provide their own personnel to other organizations for a specified period. These services support clients during extraordinary seasonal workloads, absences, incapacities or vacations. Industry operators are responsible for all human resource management duties, and employees perform work to the specifications of the client. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.