Dec 01, 2012

DCR National Temp Wage Index - December 2012

After a period of slow growth, temporary workforce engagement is on the rise, which is expected to continue at the end of the fourth quarter towards the year-end. Although the current month is on the rise compared with the previous month, it is still lower than November of 2011.  Normally holiday season finds a rise in Temp workforce hiring, but this year holiday seems to be highest of last 5 years, especially among retail sector like Wal-Mart, Toys R Us, Macy’s and Kohls.

As per a survey, businesses will have engaged 2% more contract or temporary workers in 2012 as compared to 2011, and 6% more than in 2010. Areas of demand for staffing and recruiting positions include health care, information technology, clerical, and managerial positions. A similar survey also indicates the wage satisfaction in contingent workforce is higher than the permanent.

Overall, the contingent workforce seems to be booming with their already inbuilt benefits for employers.

“While the economy isn’t plunging into recession, it still isn’t creating enough jobs to drive the unemployment rate lower either,” ~Paul Ashworth, chief United States economist at Capital Economics