News & Information
HydroVision Power Conference
June 26, 2018 at 7:43 AM
Staffing Industry Trend #1:
Staffing is one of the fastest growing industries in the U.S.
According to the Bureau of Labor Statistics (BLS), the employment services industry—made up of employment placement agencies, temporary help services, and professional employer organizations—has grown from 3.5 million jobs in 2004 and is projected to reach 5.1 million jobs by 2014. Given the nation’s current rate of job growth, that’s fast, indeed.
The staffing industry analysis by the Bureau reports that the “catalyst for this industry’s growth will be increases in the demand for temporary staffing services, as flexible work arrangements and schedules continue to proliferate and businesses make their staffing patterns more responsive to market changes.”
Staffing Industry Trend #2:
The Industrial Staffing sector will remain strong.
Also according to the BLS, the industrial staffing sector employs more than 35% of all temporary and contract employees, making it the largest employer of the staffing sectors. As the need for a flexible and dynamic industrial work force continues, we can expect the demand for industrial staffing to remain high.
Staffing Industry Trend #3:
Unemployment will remain high by historical standards.
The slow pace of recovery in the job market is bad news for the nation, but not so bad for the staffing industry. Though it might seem counterintuitive that less employment would mean more opportunities for staffing, the fact is that greater unemployment, increases the size of the labor pool available to staffing firms, while the climate of uncertainty discourages employers from adding full-time positions, necessitating more temporary staffing solutions.