When looking at the U.S. Economy, cautious optimism seems appropriate, in spite of the fact the first half of 2016 wasn’t much improved over 2015, and the Brexit vote worried many (but has thus far proved little cause for concern).
Hiring Decisions That Make Economic and Business Sense
Temp to hire is always safe choice for employers, as the decision to make a contingent worker a permanent hire can be made shortly after the worker arrives – or not.
But besides the immediate cost savings that bringing on contingent workers offers (and the time savings of leaving administrative burdens to the temp agency) there are other reasons why temp to permanent hiring makes sense in the 2016 U.S. Economy: unemployment is low, and consumer spending has been trending up.
That means many employers have a need to fill positions to satisfy their customers and business commitments.
Does Low Unemployment Affect Quality of Potential Employees?
While unemployment has trended down in the first half of 2016, plenty of qualified potential workers are still looking for jobs.
Recruiting experienced, motivated employees can be more challenging in a strengthening U.S. Economy, however. To get the best results, employers need to be sure they have identified how potential employees can benefit and grow in particular positions.
As you prepare to add to your staff – whether just for your peak season positions or for permanent jobs – be ready to show potential hires the “soft” benefits of working for you. For example:
- Flexible schedules
- Paid (on the job) training (particularly any certifications they may be able to earn)
- Bonus opportunities
Also, recruiters and interviewers should be ready to explain to qualified candidates what potential advancement opportunities exist for successful, committed workers.
How the U.S. Economy will fare through the end of 2016 is not clear. Ramifications of Brexit may not be felt here as strongly as initially thought; and election year economies are generally difficult to predict. One thing is certain: when your customers are placing orders, you need staff that’s ready to fill those orders.
Get ready; the second half of the year is here.