Posts tagged "temporary staffing"

Temporary Staffing Solutions: Productivity with Affordability

It is normal for certain job vacancies to remain available for weeks as the hiring manager goes through resumes, conducts interviews and accesses the strengths and weakness of every applicant. However, unless you have employees who can add more workload and maintain maximum efficiency, those empty seats can result in productivity loss. Partnering with a staffing agency can sustain you and likely produce stable staffing solutions while you are searching for a permanent professional to employ during this period of time.

Here are some different situations where provisionary employees can be a crucial component of your firm’s overall recruiting techniques:

A permanent replacement is not needed

In a situation where a staff resigns at a crucial period and cannot be permanently replaced immediately, great firms turn to staffing agencies to hire a temporary worker who is suitable for that vacancy to pick up from where the previous employee left off. The replacement skills and experience are thoroughly accessed to ensure perfect work continuation. The temporary worker works efficiently but can effortlessly be terminated when their services are not further required.

You need help, but you are not ready for a full-time employee

Let us imagine another scenario where, after conducting a series of evaluation of your firm, results show staff shortage that needs to be solved immediately. Permanent staff recruitment seems paramount; however, you are a little apprehensive about permanent recruitment. You can engage temporary professionals on a temp-to-hire basis in order to reinforce the workforce while taking the time to evaluate their abilities as interim workers before committing totally.

Likewise, a good staffing agency will aver to the performance satisfactory of every worker sent ensuring a money-back guarantee that protects the firm in case the professional is not a right fit and also protect the firm from the potential cost of hiring, training and dismissing a permanent worker.

You need a specialist for a short-term project

Another scenario could come in which you are presented with a very vital opportunity that you cannot allow passing. However, it is possible that you do not a worker who has the requisite skill set to efficiently execute the task. What then do you do in this case?

The dynamic employment system of today has ensured that temporary staffing is more probable instead of employing a full-time professional just for completion of a certain project. Bringing in a project specialist with a target experience required will shield the firm from potential expenses of employing, training and dismissing a permanent employee. From relatively brief interludes as vacancies are being filled to long-term projects that require professionals with special skills, a highly rated staffing agency can help meet all your needs.

Conclusion

Obviously, the most important things to consider when hiring to fill a vacancy on a temporary basis are the productivity and affordability of the staff being hired. The advantages of getting in touch with a partnering agency are numerous and it is very certain that you stand to benefit a great deal from doing so.

A Review Of The Staffing Industry

Research Report: Predicting the Future

Forward planning is a major part of any business. If management has the skill to foresee the future of the business, there is a significantly higher chance of success in the long-term. In addition, as staffing agencies expand into other countries, the estimates for the market size of staffing markets will be more important. You need to have a precise figure for the scale of your potential market, this is such an important part of effective management. Staffing Industry Analysts published a report that will help managers and owners understand more.

SIA produces a ‘Global Staffing Industry Market Estimates and Forecast’ twice a year. The report includes estimates and forecasts for the staffing industries based on revenue. The data refers to regional and historical data. There is also a list of the 17 biggest countries per staffing industry revenue.

This report can be used by staffing agencies to rank their performance against others. Investors might also find the report useful in their decision-making process. SIA Corporate and CWS Council members can gain access to the complete report.

The staffing agency industry generated worldwide revenue of 409€ billion, $461 billion, in 2017. This was a 7% increase from the previous year. In order to calculate the statistics, staffing was divided into two categories; the temporary staffing service and the place and search service (direct hire). Out of the 409€ billion, 81% was generated from temporary staffing services. Regarding countries, the US, Japan, and the UK were the three countries that generated the most revenue. Germany, France, and the Netherlands were also countries that contributed significantly to the revenue but not nearly as much as the leading three.

How does this help our understanding of the future? 2018 continued on a similar path as 2017. There was an increase in the staffing agency services of 7%. Unless we witness a huge global economic downturn, we can safely assume that the figures will continue to rise. This will be helped along by a set of programs that will expand the workforce into more countries.

Europe has seen an increase in the staffing markets overall.  Unfortunately, the Brexit has created a cloud of doubt over the UK and the same growth hasn’t been seen. Only a 2% increase is expected for the UK staffing market in 2019.

This strong growth in the staffing market can be put down to a healthy economic backdrop. IMF estimates a 3.9% increase in GDP. Working conditions have to be mentioned. Germany has tightened labor regulations while Italy has seen a labor reform. There are also a number of countries that have a low penetration rate. They have the space to grow and are ready to do so as soon as there is an increase in the staffing market.

One problem we are facing generally in the staffing agency market is the lack of talent. This is not to say that hires from a staffing agency are not capable of doing the job, quite the opposite. But the imbalance in demand and supply can cause a bigger problem. When the labor market is tight, companies turn to staffing agencies to fill their vacancies. The more we use staffing agencies, the quicker the highly skilled agency workers are being snapped up. New talent is hard to find.

The world is getting more complicated and things will become more difficult to predict. The Brexit and trade wars between China and the US are going to have major knock-on effects on the world’s economy. It will be a case of watch this space closely! As for now, remain focused on the high growth in the staffing market, add this into your management strategy so allow company growth in the future.