According to a new report from Staffing Industry Analysts, global staffing is expected to expand by 9% this year, after an increase of 21% in 2021.
SIA reports, “Three countries — the US, Japan, and the UK — comprise the majority of the revenue, while the top 15 countries combined accounted for 88% of total global staffing revenue. Eighty-six percent of that revenue consisted of temporary staffing and the remainder by place and search.”
Some contributors regarding unemployment and retention as a result of COVID-19:
- Skills shortages
- Supply chain disruption
- Inflation
Why is global staffing expected to expand significantly despite COVID-19 factors?
- Adaptable management should be able to acknowledge changing values of customers, employees, and investors.
- Employees want to work with companies that have similar personal values.
- Employees want to feel like more than a workforce; they want to feel like partners to their company.
- Improving engagement through health and wellness campaigns that foster employee well-being.
Now that the Great Resignation and Great Reshuffling have become top-of-mind for many hiring managers, there is a real opportunity to study how successful management teams have increased employee retention in a time of such high turnover. Additionally, don’t forget to view all of APC’s thought-leadership pieces, which cover a range of informational articles for both employers and professionals on topics like resume help, a study on the Great Resignation, top tech hiring trends this year, and more!
Kristen Burgess is the Marketing Specialist at Alliance of Professionals & Consultants, Inc. She has five years’ experience in curating content for digital platforms, social media contributions, and supporting marketing campaigns and strategies. Before joining the APC wolfpack, she worked in digital marketing for software as a service, giving her keen insight into the types of professionals APC hires today. In addition, she likes to stay up-to-date on the most relevant trends within the technology industry through thought-provoking podcasts and newsletters while paying attention to industry leaders’ trends. In her spare time, she serves on the Management Team and helps craft communications for the Junior League of Durham and Orange Counties.
