Staffing Agency Insurance: State of Permanent & Temporary Hiring
It has been an improving economy in terms of employment over the last year. Over the next six months, the economy is projected to incorporate an upswing of temporary jobs. If you recall in a previous blog post, we discussed the benefits of temporary work in a growing economy and how it’s a great indicator towards turning temporary hires into a full-time workforce.
Conducted by Harris Interactive on behalf of CareerBuilder, this study’s sample size consisted of more than 2,000 hiring managers and HR professionals across multiple industries.
“Companies are adding more employees to keep pace with demand for their products and services, but they’re not rushing into a full-scale expansion of headcount in light of economic headwinds that still linger today,” said Matt Ferguson, CEO of CareerBuilder. “The projected surge in temporary hiring from July to December is evidence of both a growing confidence in the market and a recession-induced hesitation to immediately place more permanent hires on the books. However, the overall pace of permanent hiring is stronger today in various industries and geographies, and will continue on a path of gradual improvement for the remainder of the year.”
Temporary to full time staffing ranges in each industry. In this study, employers placed emphasis in new technology and its role in generating new jobs. Areas such as Big Data and Social Media were among the hot hiring sectors.
· Jobs tied to mobile technology – 16%
· Jobs tied to cloud technology – 15%
· Jobs tied to social media – 13%
· Jobs tied to managing and interpreting big data – 12%
· Jobs tied to cyber security – 9%
Over the next six months, the study projects a continued boost in hiring for temporary & full-time positions:
· 44% of employers plan to hire full-time, permanent employees, on par with last year
· 25% plan to hire part-time employees, up from 21% last year
· 31% plan to hire temporary or contract workers, up from 21% last year
World Wide Specialty Programs has always had a singular purpose – to design, develop and provide staffing insurance products for the staffing industry. Working with over 2,000 insurance brokers nationwide, we know the staffing industry better than anyone, and can provide great options for your staffing industry insurance needs. Contact us today for more information about our staffing agency insurance solutions. (877) 256-0468.