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France – Sick man of Europe offering hope to recruitment firms

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Despite high unemployment, weak economic growth, and complex labour laws, France is offering an unlikely glimmer of hope to recruitment firms. The Eurozone’s second-biggest economy has been a mixed blessing for recruiters in recent years, according to Reuters.

French labour laws and work contracts make it costly to hire and fire employees, increasing the attractiveness of temporary staffing, but overall demand for labour has suffered during the tepid recovery.

However, a recent upswing in demand for industrial workers as the car market rebounds may signal a change in fortune, with analysts pointing to pockets of activity in temporary staffing despite investors’ perceptions that France remains the “sick man of Europe”.

A government tax credit designed to stimulate employment also looks likely to help.

SOURCE: staffingindustry.com

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