Filling the gaps in IT through IT solutions and staffing

Information Technology or IT industry’s growth depends upon the IT skills of its staff and the demand for IT services provided by the IT industry. During 2013, about 222,000 IT jobs were added to the U.S. economy. There still exists a gap in the IT demand and talent supply for the IT companies. In addition to the demand for jobs in traditional IT sector, such as security skill sets, there exists an additional demand for new skill sets such as mobility and cloud computing that has become business critical functions.

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Overall review of the growth among staffing firms

Ever since the slowdown of recession in the United States, the fastest growing industry segments having been come to the fore is the Professional & Business Services Segments that include staffing firms of all specializations. In April-2014, unemployment rate dropped from 6.7% to 6.3% with the number of unemployed persons decreasing by 733,000. According to the BLS employment data, nonfarm payroll employment rose by 288,000 in April. In the IT temporary staffing, the median year over year revenue growth was 9% in April down from 11% in March as per the Pulse Survey results that are based on a monthly survey of U.S. staffing firms. The month of May’s survey included the data submitted by 114 staffing companies.

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Use temporary staffing for accounting projects

The definition of temporary staffing has changed quite a bit and it is not the same as it was some few decades back. The term temporary worker in the past was synonymous with clerical jobs and seasonal work. Now with the changing times, the temporary workers or employees are defined as a talented group who should be a necessary part of a company’s flexible staffing strategy. In case of looking for hiring temporary accounting professionals for various accounting projects, organizations can take the help of temporary staffing agencies or firms. Accounting and finance professionals usually have skill sets that are transferable and can benefit companies without any geographical boundaries.

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The reasons behind the growth of the contingent work force

Contingent work force is now regarded as the workforce of the future with a majority of staffing industry professionals or staffing agencies choosing temporary staffing business as their core businesses. The 2014 Buyers Survey conducted by the Staffing Industry Analysts on companies (with more than 1000 or more employees) reveals that buyers are most bullish about expanding their use of highly skilled contingent workers, Statement Of Work or SOW consultants, offshore workers and outsourced companies. Staffing buyers are planning to increase the contingent work force that will most likely include the use of SOW or Statement of Work contracts over the next ten years.

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