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First Friday October 2014
1.
ADJUSTING TO THE
CHANGING MARKET Good News! Employment numbers revised upward for July and August in the Bureau of Labor Statistic reports and a robust report for September clearly indicate the employment landscape is changing. As we charge into the fourth quarter, it is time to revise hiring strategies to fully take advantage of the opportunity to expand. According to the most recent MRINetwork recruiter Sentiment Survey, the marketplace is clearly evolving into a candidate driven market. This means you need to revise your hiring strategy if you want to attract prime candidates. In many cases, it is a healthy exercise to review exactly what background and experience is absolutely necessary to fill the needs of the role. If you demand an MBA and 10 years of successful experience when a BS and five years experience would be sufficient to perform the duties, you may be squandering precious budget dollars while limiting the potential number of recruits and increasing the time the position is open. When candidates are difficult to find, hard to attract and positions are remaining open longer, another option becomes more viable: CONTRACT STAFFING. Contract staffing, also known as temporary or contingent staffing, has long been a solution for employers to meet short-term or variable staffing needs, while providing candidates with the opportunity to gain seasonal work or work between permanent positions. Temporary employees are no longer viewed as just being lower-level, non-essential and less-committed workers. As the job outlook improves, contract staffing remains as a viable, growing workforce solution for not only satisfying administrative needs, but also engaging senior-level staff, in a cost-effective manner for strategic, leadership expertise. Contract staffing is becoming such an integral part of the workforce that Staffing Industry Analysts predicts 50 percent of the workers at Fortune VOLUME V | | | ISSUE 9 September 3, 2014 © 2014 Management Recruiters International, Inc. An Equal Opportunity Employer 100 companies will be contingent hires by 2020. According to Staffing Industry Analysts' Temporary Staffing Trends, Development and Forecasts webinar, the U.S. temporary staffing market is projected to experience 5 percent growth in 2014 and 4 percent globally. "Our employment landscape is changing and it's clear that contract staffing is no longer being viewed as just a secondary or backup labor solution," says DD Graf, vice president of contract staffing for MRINetwork. "The focus is moving from using temporary workers to fill in for or replace permanent functions, to more of a strategic approach in which companies contemplate whether key initiatives will require temporary vs. permanent work." Graf offers the following advice for implementing an effective contract staffing recruitment strategy: Include discussions around the workforce mix in annual company-wide strategy sessions. Companies should be considering the contingent labor that will be required to drive the organization's strategy instead of waiting until demands become too much, or out of the scope of work performed by permanent staff. Don't disregard contract talent as only short-term workers. While contract talent are frequently hired for project-based work or short-term, mission-critical initiatives, there is a large pool of highly-skilled, contract talent that is increasingly being hired for projects that last several months or even years. Utilizing contingent workers in this manner, makes it advantageous for employers to solve temporary workforce needs in a more cost-effective and efficient manner. Consider your industry and the variances in workflow that happen throughout the year. Having variable staffing expenses will allow you to better control your costs. Partner with MRINetwork. Joe Cianciolo has expertise as a single source solution provider for contract and permanent assignments. When bringing in the best talent is the goal, working with a staffing organization that understands your industry, has relationships with top candidates and has your company's best interest in mind, can provide you with the competitive edge to recruit the top performers in your market, whether on a permanent or contract basis. As we move toward the 2020 workforce, companies are becoming more quality-focused as opposed to work output-focused. Graf concludes, "This fundamental shift in the workplace is causing companies to dissect and redesign work responsibilities and even roles, creating a growing need for contract staffing." Source: Department of Labor Submitted by: Joe Cianciolo, Senior Account Manager Management Recruiters of Cleveland-Southwest >Experts in Global Search (330) 273-4300 ext. 109 JoeCC@MRCSW.com Call me to help you attract the impact player What is an impact player? Ctrl-Click Video
2.
Employment Summary for
September 2014 © 2014 Management Recruiters International, Inc. An Equal Opportunity Employer After lukewarm job gains in August, the September Employment Situation report from the U.S. Bureau of Labor Statistics showed a return to the heightened growth seen earlier in the year. According to the agency, employment increased 248,000 over the month, pushing the unemployment rate down to 5.9 percent. These numbers exceeded economists’ predictions for 215,000 new jobs and for the unemployment rate to remain at 6.1 percent. Early indicators There was reason for optimism ahead of the BLS release, as the month's report from Automatic Data Processing showed a gain of 213,000 private sector workers across the country. Small businesses were the big winners according to ADP, adding 88,000 employees over the month. Gains were seen fairly evenly across many sectors with trade, transportation and utilities, and manufacturing posting the strongest growth. Total economy The BLS report showed even more pronounced growth. Unemployment was pushed down from 6.1 percent in August to 5.9 percent in September. Compared to a year ago, unemployment was 1.3 percentage points lower, with nearly 2 million people returning to work. Job gains exceeded the year's monthly average of 213,000, according to the agency. Service sectors Professional and business services hiring led the gains, adding 81,000 positions. It, too, grew above its yearly average of 56,000 new employees per month. Growth was especially strong in employment services, which added 34,000. Management and technical consulting services gained 12,000 employees, while architectural and engineering services grew by 6,000. Gains above 30,000 were seen in the retail trade, education and health services, and leisure and hospitality sectors. In education and health services, health care employment showed the strongest growth, with a gain of 23,000 employees. Food services led growth in leisure and hospitality, contributing 20,000 new positions. Financial activities' total also rose by 12,000, due almost entirely to 11,100 jobs that were added in the finance and insurance industry. Growth in goods Among goods-producing industries, construction led the way, adding 16,000 workers. As USA Today previously pointed out, rising construction could be a sign that other sectors, such as manufacturing, are due for a rebound as well. That could be good news for workers in the sector, which gained only 4,000 over the month. Specialty trade contractors made up the bulk of construction growth in September, accounting for nearly 9,000 jobs. Employment in building construction was close behind, with a gain of 6,200 workers. Civil engineering employment showed little change.
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