Figure 64 The six types of environment where PrES operate Important sub-groups based on nuances of social systems CHARACTERISTICS MARKET TYPE •UK •Rapid AW development, with appreciable drop-off in the crisis 1 Europe Market over security driven •Netherlands •Significant degree of AW penetration in relatively mature markets •Switzerland, •Moderately regulated, varying balances of and security 2 Western Austria, Germany •Labor market organized and regulated by collective Europe agreements between social partners •Sweden, Norway, •Historically low AW penetration and slow industry development Social 3 •Open regulatory environment with limited restrictions •US, •Liberal economies New favoring based Nordics Denmark, Finland 4 •Unique Nordic social and economic system Asia •Japan •Generally liberal economies but high value on security and 5 Western social acceptance challenges •France, Belgium, •Penetration depending on level of industry development, ranging above average Medi- •Highly regulated, weighted towards job security over driven •Historically labor markets with high unemployment relative to Luxembourg Social dialogue peers •Italy, Greece, Eastern 6 Spain, Portugal Europe •Nascent industries with AW legally recognized only recently Lat •Regulatory policies still in development •Eastern Europe •Economic policies and market dynamics still evolving markets Am •Latin America Asia •India, China Europe from below to The legislator driven model, characterised by countries in Western Europe and the Mediterranean where average agency work penetration is low with a focus on job security over and his- torically high unemployment compared with countries operating within the social dialogue model. The Emerging Markets model could be seen in countries across Europe, Asia and Latin America and was characterised by a very recent recognition of private employment agencies and still evolving regulatory policies as well as economic and market dynamics. LABOUR MARKET EFFICIENCY IS RELATED TO THE LEVEL OF DEVELOPMENT OF PRIVATE EMPLOYMENT SERVICES To assess overall of labour markets, the Boston Consulting Group and Ciett jointly developed the “Labour Market Index”. The index rankings are based on 6 criteria calculated for each country: overall employment rate (% working age population 15-64), em- ployment rate 15-24, population15-24), Employment rate (% population 55-64), annual hours worked (per person employed), labour participation rate (% of working age population) and unemployment rate (% of labour
Figure 64 The six types of environment where PrES operate Important sub-groups based on nuances of social systems MARKET TYPE 1 Europe •UK CHARACTERISTICS •Rapid AW development, with appreciable drop-off in the crisis Market driven Social 2 Western Europe 3 •US, New •Netherlands •Switzerland, Austria, Germany •Sweden, Norway, •Open regulatory environment with limited restrictions •Liberal economies favoring over security •Significant degree of AW penetration in relatively mature markets •Moderately regulated, varying balances of and security •Labor market organized and regulated by collective agreements between social partners •Historically low AW penetration and slow industry development based Nordics 4 Asia 5 Western Denmark, Finland •Japan •France, Belgium, •Unique Nordic social and economic system •Generally liberal economies but high value on security and social acceptance challenges •Penetration depending on level of industry development, ranging driven 6 markets Europe Medi- Eastern Europe Lat Am Asia Luxembourg •Italy, Greece, Spain, Portugal •Eastern Europe •Latin America •India, China from below to above average •Highly regulated, weighted towards job security over •Historically labor markets with high unemployment relative to Social dialogue peers •Nascent industries with AW legally recognized only recently •Regulatory policies still in development •Economic policies and market dynamics still evolving The legislator driven model, characterised by countries in Western Europe and the Mediterranean where average agency work penetration is low with a focus on job security over and his- torically high unemployment compared with countries operating within the social dialogue model. The Emerging Markets model could be seen in countries across Europe, Asia and Latin America and was characterised by a very recent recognition of private employment agencies and still evolving regulatory policies as well as economic and market dynamics. LABOUR MARKET EFFICIENCY IS RELATED TO THE LEVEL OF DEVELOPMENT OF PRIVATE EMPLOYMENT SERVICES To assess overall of labour markets, the Boston Consulting Group and Ciett jointly developed the “Labour Market Index”. The index rankings are based on 6 criteria calculated for each country: overall employment rate (% working age population 15-64), em- ployment rate 15-24, population15-24), Employment rate (% population 55-64), annual hours worked (per person employed), labour participation rate (% of working age population) and unemployment rate (% of labour
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