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.