Temporary employment is booming. Do you have the systems and processes in place to handle it?
According to recent Deutsche Bank research, temp volumes are continuing to skyrocket during this period of economic recovery. In March 2013, temp growth rose by 6.8 percent in a year-over-year comparison – and was up from the 5.6 percent experienced in February 2013. Overall, approximately 23 percent of all the new jobs created in March 2013 were temp positions.
While the U.S. Department of Labor’s jobs report was underwhelming for many, it still demonstrated that the economy is moving forward. Unemployment moved fractionally down to 7.6 percent and the economy gained 88,000 jobs.
As a staffing professional, you’re in perfect position to take advantage of this rise in temporary positions using the most cutting edge recruiting software that can appropriately handle the sheer volume of data, clients and potential candidates.
Your corporate clients are finding that temporary workers or freelancers often offer the right balance of skills and can have an instantaneous impact on a campaign or the development of a project. The makeup of the workforce is changing and it is increasingly becoming common for companies to hire contract and temporary workers who best demonstrate the ability to make business contributions immediately upon getting hired.
From a staffing and recruiting agency perspective, your clients want you to be able to find and place the talent they need fast, accurately, and efficiently. To do this – and manage your margins and business profitably – you have to have systems and processes in place that are flexible and scalable enough for whatever comes your way. This also means being able to monitor and manage your key performance metrics continuously.
If you find that your staffing and recruiting processes – or perhaps more importantly your own sales and recruiting staff – are being stretched to the limit and beyond to handle the growth in job orders, it’s time to look at revising or upgrading your systems and processes.