IEP - Support

The market summary shows that the staffing industry will remain one of the important sectors of growth. Given this a solution like IEP has great marketability and selling potential. Some of the important facts and trends about the staffing industry are detailed which provides for the need and requirement for a solution like IEP.

Staffing is one of the fastest growing industries in the U.S:

According to the Bureau of Labor Statistics (BLS), the employment services industry—made up of employment placement agencies, temporary help services, and professional employer organizations—has grown from 3.5 million jobs in 2004 and is projected to reach 5.1 million jobs by 2014 in the United States of America. The staffing industry analysis by the Bureau reports that the “catalyst for this industry’s growth will be increases in the demand for temporary staffing services, as flexible work arrangements and schedules continue to proliferate and businesses make their staffing patterns more responsive to market changes.”

The Industrial Staffing Sector will remain Strong:

Also according to the BLS, the industrial staffing sector employs more than 35% of all temporary and contract employees, making it the largest employer of the staffing sectors. As the need for a flexible and dynamic industrial work force continues, we can expect the demand for industrial staffing to remain high.

Unemployment will remain high by Historical Standards:

The slow pace of recovery in the job market is bad news for the nation, but not so bad for the staffing industry. Though it might seem counterintuitive that less employment would mean more opportunities for staffing, the fact is that greater unemployment increases the size of the labor pool available to staffing firms, while the climate of uncertainty discourages employers from adding full-time positions, necessitating more temporary staffing solutions.

Workers will continue to move away from long-term employment with one company:

Experts predict an increasing number of workers will look to contract work, part-time work and other less-than-long-term employment arrangements. That’s good news for people in the staffing field.

Demographic changes will mean changes in demand as well as in the workforce:

Reading staffing industry statistics can be challenging: technology can create new jobs, make others obsolete, and also allow some jobs to be done from overseas. But in some areas, it’s clear workers will be needed, and that the work can’t be done from afar. One example is elder care, a field in which the need for workers is growing faster than the supply. This is an area demanding a wide variety of skills and levels of expertise, while at the same time calling for a great deal of flexibility from workers, a combination that suits the staffing industry well.