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HAPPY NEW YEAR! Wondering what 2024 will hold and what to expect for the world of work? The Hays Hiring Trends Survey is here to answer exactly that. Have your say in the survey and in return, we'll send you a copy of the results. 💡 The survey closes this Friday! Have your say and join other leaders across the country in the conversation. 👇 https://lnkd.in/dXB7cn3C #HiringTrends #WorldOfWork #Hays #2024Trends #2024Hiring #2024Planning

The Staffing Industry: Poised for Continued Growth The global staffing industry is a powerhouse, with a revenue of a whopping $593 billion, and the US leading the charge at $218 billion! This data from Statista published in December 2023 tells us two key things: There's a massive demand for skilled talent! Businesses across the globe rely on staffing agencies to bridge the gap and find the perfect fit for their needs. The US is a staffing leader! This highlights the crucial role staffing plays in the US economy. While there might have been a temporary slowdown in growth recently, projections suggest the industry is still on an upward trajectory. eTeam is at the forefront of this exciting trend, with a global presence across #NorthAmerica, #APAC, and #EMEA! We connect top talent with leading companies, helping them achieve their goals. Are you a skilled professional looking for your next great opportunity? Or a company struggling to find the right talent? Let eTeam be your partner in success! Visit our website: https://www.eteaminc.com/ #staffing #staffingindustry #talent #workforce #recruiting #growth #success #eTeamInc #eTeamIndia #TalentSolutionsReimagined P.S. Share your thoughts on the future of the staffing industry in the comments!

Are you ready for the dynamic landscape of the staffing industry in 2024? 🌟 Brace yourself for the following trends that will shape the industry: 1️⃣ Increased Demand for Niche Skills: Witness the surge in demand for specialized skills such as technology, healthcare, and engineering. This presents a golden opportunity for niche staffing agencies to thrive and connect talent with organizations seeking these unique proficiencies. 2️⃣ Quality Over Quantity: Prepare for a shift in company priorities as they prioritize quality over speed when hiring. Organizations will be on the lookout for highly qualified candidates, recognizing that the right fit is more important than swiftly filling positions. 3️⃣ Technological Advancements: Embrace the power of AI and automation tools, as they become indispensable for staffing agencies to streamline processes and enhance overall efficiency. Stay ahead of the curve by leveraging the latest tech innovations to better serve both candidates and clients. 4️⃣ Shifting Workforce Dynamics: Adapt to the changing dynamics of the workforce as remote work and flexible arrangements become the norm. These evolving trends will significantly influence staffing needs and require agencies to provide tailored services to meet the demands of a more flexible workforce. 5️⃣ Regulatory Landscape Stabilizing: After frequent changes, we anticipate the regulatory landscape will stabilize in 2024. This stability will bring much-needed clarity to staffing agencies, allowing them to navigate compliance requirements confidently. Join us in embracing these trends and shaping the thriving staffing industry of 2024. 🚀 💬 #StaffingIndustry #FutureTrends #2024Outlook #Opportunity #Innovation

𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝘆, 𝗘𝗾𝘂𝗶𝘁𝘆, 𝗮𝗻𝗱 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 (𝗗𝗘𝗜) play a crucial role in the contingent workforce, and understanding their significance is essential. Let’s delve into why DEI matters in the context of contingent hiring: 𝟭) 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗖𝗼𝗻𝘁𝗶𝗻𝗴𝗲𝗻𝘁 𝗟𝗮𝗯𝗼𝗿: • The rise of contingent labor is a global phenomenon. A survey by Oxford Economics revealed that 83% of global executives increasingly rely on contingent workers to meet business objectives. • In the United States, contingent workers constituted 24% of the workforce in 2022. • Given this substantial impact, ensuring diversity within the contingent workforce is vital. 𝟮) 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝘄𝗶𝘁𝗵 𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗲𝘀: • While labor laws and the Equal Employment Opportunity Commission (EEOC) hold full-time employees accountable for diversity, the same level of accountability is rarely applied to contingent workers. • Corporations often report spend with minority/disadvantaged business enterprise (MBE/DBE) certified firms, but this approach is not comprehensive enough. Contingent suppliers may not factor in diversity aspects when providing candidates. 𝟯) 𝗧𝗵𝗲 𝗥𝗼𝗹𝗲 𝗼𝗳 𝗗𝗘𝗜 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆: • DEI technology, estimated to be worth $313 million, addresses this gap. • It empowers managed services providers (MSPs), corporations, and suppliers to: □ Track diversity spend at the candidate level. □ Measure performance based on specific DEI goals. □ Aggregate and verify candidate pool diversity. □ Build robust pipelines of diverse candidates aligned with client DEI objectives. 𝟰) 𝗔𝗜 𝗮𝗻𝗱 𝗗𝗮𝘁𝗮-𝗗𝗿𝗶𝘃𝗲𝗻 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: • Advanced AI helps identify candidate and talent pool data by supplier. • Monthly or quarterly performance measurement ensures progress toward DEI goals. • DEI tech enables suppliers to create a more inclusive workforce, benefiting both clients and contingent workers. In summary, 𝗗𝗘𝗜 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 bridges the gap, fosters diversity, and ensures that the contingent workforce reflects a wide range of backgrounds and experiences. As the workforce becomes more flexible, prioritizing DEI remains critical for successful hiring. Hardev Singh Bharat Mital Michael Bavaro Abhishek Burman (AB) Meghal Shah Piyush Chakaraborty Vansh Bharwani Navitas Partners, LLC #DEI #Diversity #Equity #Inclusion #NavitasPartners #DEIAdvocate

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐬𝐭𝐚𝐟𝐟𝐢𝐧𝐠 𝐢𝐧 𝐚 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐰𝐨𝐫𝐥𝐝? The staffing industry has seen massive changes in recent years. With advancements in technology, shifting demographics, and economic uncertainty, staffing firms face new challenges. However, with challenge comes opportunity. One major challenge is attracting and retaining top talent. With unemployment low, there is more competition for skilled workers. Staffing firms must get creative with recruitment, compensation, benefits, training, and culture to attract and keep top performers. This will require investment but will pay dividends through higher productivity and client satisfaction. Another challenge is effectively leveraging technology. Applicant tracking systems, data analytics, automation, and AI are changing how staffing firms operate. Adapting to these technologies while maintaining the human touch will be key. Tech-savvy staffing firms will have an edge. Economic cycles also bring uncertainty. Staffing is sensitive to downturns. However, smart firms can diversify their offerings and build financial buffers to weather storms. There are always sectors hiring, even in recessions. Finally, increased government regulation adds complexity. Staying compliant, while keeping costs low and quality high, is difficult but essential. This requires legal expertise and efficient processes. While these challenges seem daunting, I’m optimistic about the future. Staffing firms that embrace change, invest in their people, leverage technology, and build strong client partnerships will thrive. For individuals, there will be growing opportunities to launch exciting careers through staffing firms. The staffing industry has adapted through world wars, recessions and massive technological shifts before. With resilience, creativity and sound strategy, staffing firms will overcome today’s challenges and find success in the new world of work. #futureofwork #staffingtrends #remotehiring #airecruitment #diversityintech #adaptabilityskills #hrinnovation #globaltalentsearch #jobmarketshift #workplacetransformation

A Little Friendly Competition Never Hurt Anyone 😎 ☑ The staffing industry has been on a serious upswing lately, offering great job opportunities and boosting financial gains for many companies, even in today's harder labor market. ✅ Those in the staffing game need to stay sharp and adapt to the changes. To excel in this turbulent market, staffing companies must grasp industry trends, consider specialization, and focus on delivering top-notch services. 🔅 The bright side is companies can leverage the fierce competition among staffing firms for their benefit. If you are stuck between vendors or are looking for a new alternative with more specialization, it might not hurt to have a little friendly competition and see which staffing partner can execute on the little things that matter most to you or your team. 🏆 #itstaffing #staffingandrecruitment #workforcesolutions #tech2024

📈 𝐅𝐢𝐯𝐞 𝐁𝐞𝐬𝐭 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐭𝐨 𝐆𝐫𝐨𝐰 𝐘𝐨𝐮𝐫 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐒𝐭𝐚𝐟𝐟𝐢𝐧𝐠 𝐅𝐢𝐫𝐦 In a recent newsletter, Crystal Fullilove from Staffing Industry Analysts shares essential strategies for 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐬𝐭𝐚𝐟𝐟𝐢𝐧𝐠 𝐟𝐢𝐫𝐦𝐬. Key practices include choosing the right niche, using effective tech tools, and tracking metrics. #Healthcare staffing firms need ideas and resources to meet demand and expand talent pools. This is where RPOs can help. At RPO Arena, we support healthcare staffing agencies by: 🔍 𝐄𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐓𝐚𝐥𝐞𝐧𝐭 𝐏𝐨𝐨𝐥𝐬: We handle CV searches and candidate qualifications. ✅ 𝐄𝐧𝐬𝐮𝐫𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞: We manage compliance checks so you can focus on care. 📊 𝐔𝐬𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: We offer tech solutions to improve recruitment processes. 🗓️ 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐒𝐡𝐢𝐟𝐭𝐬: We support efficient shift management. Partnering with an RPOs helps healthcare staffing firms meet demands, stay competitive, and grow. #HealthcareStaffing #RPO #Recruitment #Healthcare #StaffingSolutions #GrowthStrategies #SIA #TalentPools #Compliance #TechStack

I was reading through this insightful report this morning from Magnit on #contingent #employment on #sia #staffingindustryanalysts, some key points I wanted to highlight: 1. #Women are influencing #job #growth and accounted for 61% of fills in 2023 and 67% in the initial months of this year and “We’re seeing a surge of women impacting new hires in the labour market" 2. Changes in US contingent workforce employment & pay data: #healthcare Hiring volume: -13.3% Layoffs: -54.8% Voluntary terminations: -46.4% Annual Payrate: -6.3% #technology Hiring volume: -14.1% Layoffs: -57.1% Voluntary terminations: -58% Technology: +16.9% (So recruiters and agencies need to develop better strategies, and employers need to equip the employees with training to handle these conversations better and attune healthcare workers when required. The recruiters must stay updated on the industry trends) Article Credit: Staffing Industry Analysts, Magnit, Dustin Burgess, CCWP https://lnkd.in/gqngTAbw #dei #deib #deistrategy #deileaders #deitraining #dei

Did you know that the staffing industry is a significant contributor to the U.S. economy? 🌐💼 As per recent data, staffing industry sales in the U.S. have reached a whopping total of $168 billion! That's right, billion with a 'B'. 💰📈 This figure not only underscores the crucial role that staffing agencies play in connecting talent with opportunity, but it also speaks volumes about the resilience and adaptability of this sector in an ever-changing economic landscape. 🔄💡 As we continue to navigate the future of work, let's recognize the importance of this industry in driving employment, fostering growth, and supporting businesses across the nation. 🇺🇸🚀 . . . #xlpro #staffing #employment #recruiting #consulting #businessconsulting #talentmanagement #staffingandrecruiting #employeemanagement #futureofwork #staffingindustry #recruitingagency #socialmedia XL Pro Staffing and Consulting Group LinkedIn Forbes Haseeb Jangda Patrick Canon Chelsea M Massa Nora Rivera Yomary Garcia Libby Gonzalez Kim Villalobos Fondal Araceli Cortez Ingrid Flores Christy Taylor-Bowen Maricruz Contreras Sayra Flores Areli Lopez Rebecca Martinez Leticia Zuniga Ivan Z. Umer Wadiwala 

The "US Staffing Industry Forecast: April 2023 Update" published on Tuesday by Staffing Industry Analysts predicts that IT staffing revenue in the US will increase by 5% this year, following growth of 16% in 2022. With a projected 7% rise in the market, growth is anticipated to pick up speed in 2024. Overall, it is anticipated that this year's strong growth for the staffing business as a whole would slow and resume in 2024. The research predicts a 3% decline in sales for the staffing sector to $211.8 billion this year. This comes after significant growth of 33% in 2021 and gains of 17% in the preceding year. https://lnkd.in/ddswhSdT #business #growth #sales #research #resume #staffing