Many organizations have a need for contingent labor, but not all staffing models are created equal. There are a number of different models to choose from and each have their own strengths and weaknesses.Choosing the model that is the best fit for you is entirely dependent on your organization's unique needs and goals. It is important to understand where your organization stands on these three points:
The Conference Board’s Leading Economic index for the US rose 0.4% in July to a level of 124.3 (2010 = 100) after rising 0.3% in June. Separately, the U.S. Department of Labor reported that US initial claims for unemployment fell by 4,000 in the week ended Aug. 16 to a level of 262,000. Reuters reports claims fell more than expected last week, reinforcing views of labor market strength that could encourage the Federal Reserve to raise interest rates soon.
The rate of layoffs in the U.S. dropped to 1.1% in June, according to a report from the U.S. Department of Labor. The report presented an ambiguous picture of the U.S. labor market, highlighting that the rate of hiring has yet to fully recover from the 2007-09 recession.
Check out the August 2016 Employment Trends Infographic for key stats from BLS’s Employment Situation Report and staffing updates from ASA.
The U.S. four-week moving average of initial claims for unemployment insurance fell to 256,500 last week, down 1,000 from the previous week’s average, according to seasonally adjusted numbers released by the U.S. Department of Labor. The previous week’s average was revised downward by 250.
TrueBlue Inc. ranked as the largest U.S. industrial staffing firm in terms of industrial temporary staffing revenue, according to Staffing Industry Analysts’ 2016 list of largest U.S. industrial staffing firms. EmployBridge Holding Company and Express Employment Professionals rank second and third, respectively.
According to CareerBuilder’s new mid-year 2016 US job forecast, 32% of hiring managers and human resource professionals plan to hire temporary or contract staff in the second half of 2016, down slightly from the 34% who said the same in a separate survey for the second half of last year.