Reliance Staffing Services would like to wish you and your family a Happy New Year. 2010 is shaping up to be an improved year for the business community. |
Staffing a Major Contributor to Future Job Growth
According to the latest 10-year U.S. Bureau of Labor Statistics employment projections, job growth in the employment services industry is expected to be nearly twice the rate of overall job growth in the economy.
Released in December 2009, the 2008-18 projections anticipate job growth in the employment services industry to increase by almost 600,000, or 19.1%, over this period. By comparison, BLS forecasts that job growth for all industries in the U.S. economy will be 10.1%.
The temporary help industry is the largest segment of employment services, comprising almost 75% of this broader industrial classification. The remaining subdivisions include employment placement firms and professional employer organizations.
BLS research cites growing demand among employers for more flexible work arrangements as a driving force behind this expected growth in temporary help jobs. Challenges presented by the latest economic recession have pushed many businesses to explore the use of staffing strategies that are more responsive and more readily adapted to changes in consumer demand for their goods and services. Employing temporary workers with specialized skills will allow businesses to reduce costs resulting from hiring and maintaining idle full-time employees while also enabling them to provide quality services or goods to maintain a profitable business. Continue --> |
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Leave the Competition in the Dust
Competition is fierce these days and small and large firms are closing their doors at a shocking rate. Daryl Rigby of Bain & Company in Boston advises companies on what to do during a downturn. "Think of a company as a race car careening around a track, where recessions are the curves," he says, "and this is the time you need to be particularly skillful." He notes that companies with less power make bold moves during bad times and then emerge as winners. Rigby observed that industry leaders often come out of a recession as industry laggards, and laggards emerge as leaders.
Employees are a firm's most important asset, not their products or services. This is the time to make a clever move and invest in the appearance of employees if you want your firm to move out and leave the competition in the dust. When a company's employees look like laggards, they are not an asset in times of fierce competition. We inevitably judge a book by its cover, because that method consistently serves us well.
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