In the third quarter of 2023, several developments unfolded, showing us the current state of employment in Poland. Let's take a closer look at the key findings and what they mean for both employers and job seekers.
Increase in temporary workers:
According to recent research conducted by the Polish Human Resources Forum (PFHR), the number of temporary workers in Poland saw a notable uplift of 6% compared to the previous year. This shows a growing reliance on temporary employment solutions among businesses across various sectors.
" PFHR's data revealed an 18% increase in turnover among member companies engaged in temporary work. This increase happened because wages and overall costs went up, showing changes in how the economy works."
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Big turnover for temporary work:
PFHR's data also revealed an 18% increase in turnover among member companies engaged in temporary work. This increase happened because wages and overall costs went up, showing changes in how the economy works.
Downturn in full-time employment hours:
Interestingly, despite the increase in temporary workers, the number of hours worked on a full-time basis witnessed a marginal decline of 3% during the same period. This trend suggests evolving preferences among both employers and employees regarding work arrangements.
Economic uncertainty impacting hiring decisions:
Wojciech Ratajczyk, vice-president of PFHR, highlighted that many employers are adopting a cautious approach towards hiring, awaiting improvements in the general economic climate. This shortage of skilled workers highlights the pressing need to change immigration rules so they can tackle job market problems better.
Revenue decline in recruitment services:
Decreases in revenue have happened because companies are spending less, which means there are fewer job opportunities available. Revenue from outsourcing decreased by 1%, totalling PLN 412 million (£84.6 million). Meanwhile, revenue from recruitment services saw a more significant drop of 14% compared to the previous year, amounting to PLN 73 million (£15.0 million).
Insights from HR services value:
Despite the downturn in recruitment services, the overall value of HR services provided by PFHR member companies surged by 9% in Q3, reaching PLN 1.76 billion (€407.6 million). Temporary work was the biggest contributor to this turnover, followed by outsourcing and recruitment services.
To sum up, the job market in Poland had some big changes and hurdles in the third quarter of 2023. The increase in temporary work suggests that companies are opting for short-term staffing solutions, possibly to meet immediate needs or to adapt to fluctuating demands in their workforce.
On the other hand, the decrease in recruitment services revenue indicates a decline in the demand for traditional recruitment processes, such as hiring for permanent positions. It's going to take teamwork from policymakers, businesses, and others to make the job market strong and fair for everyone. Keep an eye out for more updates!
Giant goes Global
While the job market in Poland is experiencing shifts and uncertainties, you can rely on Giant Global's comprehensive AOR (Agency of Record) and EOR (Employer of Record) services to navigate these challenges effectively.
With AOR services, companies can outsource their temporary staffing needs efficiently, using our extensive network and expertise in temporary workforce management. Similarly, EOR services provide a seamless solution for companies looking to expand their operations in Poland without the complexities of setting up a legal entity, ensuring compliance with local regulations, and managing payroll and benefits for their employees. Using Giant Global, businesses can streamline their HR processes, mitigate risks, and focus on driving their growth objectives in the dynamic Polish market.
