Change is the only constant. Hiring, resizing, downsizing, relocating are the buzzwords that are driving recruiting arena. Corporates are increasingly feeling the need to assess their exact needs of staffing It is imperative that organizations take a realistic view of their staffing requirement from all angles and arrive at a prudent and cost efficient combination of long term and short term staff.
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The corporate world is increasingly catching on the merit of employing resources at the right moment in the right proportion to meet their targets – be it in the fields of production,sales or development. Contract Staffing agencies are honing their skills in catering to this type of niche recruitment to provide the cutting edge to their clients. Just in time staffing is a relatively new concept which has caught the imagination of both the corporate and the employment agencies. Just as the name suggests, this new kid on the block emphasizes the fact that supply of resources can be as efficient managed as any other ingredients of production. The methodology provides for the convenience of having candidates at the appropriate time. This cuts down on the idle labor cost to a very large extent. It also facilitates to have candidates-at-call.
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Resource management always remains one of the core concerns for any business organization. Successful resource management goes a long way in a business to grow exponentially and to firmly establish its foothold in the market. Getting service from a contract staffing agency can solve many complex issues concerning staffing and precious time for an organization. To keep a business on the perfect track, it is necessary to hire suitable and efficient staff, who can be proactive and goal oriented. Such employees act as supporting pillars for any organization. Even though this is very vital, many organizations wish to outsource this responsibility to a skilled and experienced consultancy firm which provide expert staffing services. Over the years, corporates , after a thorough cost-benefit analysis, are gravitating towards using the services of a contract staffing agency.
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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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The staffing agencies or recruitment firms have expertise in making good matches between job seekers and the companies. The role of staffing firms can be gauged from the fact that according to the Staffing Industry Analyst – 2014 report, twenty nine staffing firms generated about $50 million in temporary staffing revenue in 2013 and combined they generated $5.7 billion that comprised 59% of the market. Especially, in the health care staffing industry the five largest and fifteen largest firms have steadily increased their share of the total market that indicated a trend of increased consolidation in the healthcare staffing industry.
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Getting employment is the top priority of majority of job seekers as they are required to earn a decent living as per their living standards and to grow within their career path according to their acquired qualifications and skills. However, the irony is that there are fewer jobs available than the number of applicants or job seekers. As a candidate or job seeker, it is quite difficult to get a job on your own as for one job there are about ten times or more of job applicants who are on job search for the available job positions.
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Staffing agency or employment agency works to match employers with suitable employees and reconciles the labor needs of its corporate clients with individuals or workers who have the skill sets necessary to match those needs. A typical staffing agency works or operates with focus on particular sectors or industries within the job market. For instance, there are staffing agencies that have specialization in providing staffing services in the field or sectors of Information Technology, Manufacturing, Accounts and Finance while other staffing agencies may have expertise in providing staffing services in the field of Construction, Infrastructure, Oil and Gas, Power and other business sectors.
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Direct hire services in simple terms can be defined as those staffing services provided by a staffing agency for their client company who is desirous of recruiting candidates for their (company’s) full time opportunities or vacant job positions. The staffing firms have distinct areas of specializations such as Information Technology, Accounting, Finance, Healthcare etc. There are staffing agencies that are specialized in dealing with the direct hire requirements of Health Care Industry. For health care industry, time is very precious, as they deal with human life emergencies and any workforce shortages may cripple the health care facility that may lead to staff burnouts, postponement of important procedures or emergencies, high patient ratio resulting in impacting patient care.
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Headhunters or recruiters as they are popularly known are those people who specialize in the recruitment of staff at the middle level and top-level management hierarchy. Headhunters are involved in proactively recruiting top performers who might not be willing for a sudden change and who are highly skilled and yet resourceful. The recruitment of such people would help the client organization to succeed in long run or recruitment of these skilled personnel would provide a competitive advantage for the organization.
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An employment agency in ordinary words may be defined as an agency that finds people to fill particular jobs or finds jobs for unemployed people. An employment agency in other words works to match employers with suitable employees. Employment agencies are of two types – Some agencies are privately owned and the other one are sponsored by the government either respective state/federal governments or by both.
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