Don’t Let the Economy Control Your Firm’s Destiny
As a recruiter, have you ever felt like your livelihood was at the mercy of the economy? It doesn’t have to be that way. YOU can control the destiny of your firm by simply adding contract staffing services to your business model.
Let’s face it: there’s been plenty of volatility in the Stock Market during the past 12 months. Even if you don’t own stocks and/or bonds, the health of the Stock Market does affect the health of the economy overall. (That was adequately proven during the Great Recession.)
It’s not unusual for contract staffing to grow following a recession as employers test the hiring waters. Historically, it declines when the overall job market rebounds.
This time around, contract staffing growth has continued despite solid overall job growth. This signals a fundamental shift in the employment landscape. In this shift, employers are utilizing contractors as part of an ongoing strategy in a blended workforce model.
Overcome the challenges of ANY economy!
There are a number of factors driving this shift. These factors include the following:
- Rising healthcare insurance costs
- Increasing employment regulation on the federal, state, and local levels
- Political unrest causing ongoing economic uncertainty
- The desire for the “perfect candidate.”
All of these factors are leading employers to seek more flexibility through contract staffing. In addition, candidates are also gravitating toward contract staffing to gain more flexibility and variety in their careers.
The future of the economy
Since these issues are not going away anytime soon, neither is the growth of contract staffing. Experts predict that contractors will comprise 40-50% of the American workforce by 2020. By adding contract staffing to your business model, you can take advantage of this trend and:
- Smooth the “peaks and valleys” of direct hire.
- Secure client loyalty.
- Close more placements.
- Create an exit strategy for retirement.
Don’t let the economy control your recruiting firm’s destiny! Reap the many benefits of making contract placements.