What is Penetration Rate?

Used in relation to temporary staffing, the term ‘Penetration Rate’ is the proportion of people working on a temporary basis through staffing firms compared to total people in employment. In most developed staffing markets, the penetration rate is normally between 1.5% and 3%. The Penetration Rate is often used as an indication of the relative maturity of a national staffing market.

OTHER TERMS BEGINNING WITH "P"