Survival tips for staffing firms in the new job market

With the job market going gung-ho with the emerging job seekers the time has come for majority of staffing firms or agencies to be bullish in the market.  The hiring levels are up with services such as finance, legal, oil and gas, education and IT and there exists the growing gap between the demand and supply. When it comes to employment these gaps should be filled up or addressed to by the staffing firms. With the U.S. economy recouping from recession and related job cuts, still there are after effects that has caused many people to disengage from the workforce after months or years of unemployment.

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An overview of temporary staffing industry

Staffing Industry Analysts have just released the latest forecast report for the U.S. staffing industry that projected that the year – 2015 would be another solid year for the IT temporary staffing market with an expected 7% revenue growth that result in a market size of $27.8 billion (which is 24% of the overall temporary staffing market). However, the analysts do predict that in 2015 the temporary IT staffing market will remain below its peak of 2000 when adjusted for inflation. 

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Recruiting and retaining competitive work force

Organizations as of now, amidst the global competition are looking to increase their market share and to improve their market competitiveness through expanding their portfolios. Business enterprises are facing challenges of launching new products and services every other day and therefore one can see a direct impact on demand for talent across a number of key disciplines. Especially for small and medium sized businesses recruiting and retaining top employees is a major cause of concern for these organizations. According to the Arthur J. Gallagher & Company Survey, the second largest challenge that employer participants reported was attracting and retaining a competitive workforce.

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The role of IT staffing firms in filling up big data roles

Filling up important technical job positions in Information Technology sector is quite a challenging task. The current trends in IT off late are to find people in the field of data analytics, which is creating a huge demand for people or candidates capable of extracting knowledge from the data. The rapid growth of big data and analytics for use within businesses is creating this demand. The McKinsey Global Institute has predicted that by 2018, the United States would face a shortage between 140,000 to 190,000 people with deep analytical skills in addition to 1.5 million managers and analysts who know how to use the analysis of big data to make effective decisions.

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