Temporary help down slightly in 2019. Positive outlook for 2020.

The utilization of temporary help dipped slightly in 2019, reflecting a decrease of 0.5% when compared to 2018. According to the Department of Labor Bureau of Labor Statistics (DOL/BLS), temporary help was one of only two groups reflecting an employment decline. However, utilization was not constant throughout the year, reflecting a continuous decline during the first half of the year followed by improvements through October (numbers for November and December are being adjusted by the DOL/BLS). The growth is primarily attributed to stimulatory monetary actions by the Federal Reserve.According to the National Association for Business Economics (NABE), 2019 also marked the first time in a decade in which an equal number of firms reported a decrease in workforce population as those reporting an increase. However, those reporting a decrease attributed it to difficulty in finding qualified workers. A survey of 97 NABE members indicated that actions taken to address the workforce shortages include raising wages (47%), training of internal staff (44%), and investing in labor savings processes (36%).

Proactive companies are employing a variety of innovative techniques to ensure access to quality talent. Contact us to learn more about advancements in workforce composition planning, creation of curated talent pools, and effective supply and demand analysis.

To learn more contact us at marketing@nextsource.com.