Global Daily News

  • Service-sector job creation strongest since May 2015, despite output growth deceleration

    The rate of job creation in the service economy during September was the strongest since May 2015, according to a report by IHS Markit, a London-based provider of market analytics. Meanwhile, manufacturing jobs numbers expanded, but at the weakest pace in 13 months.Even with the job creation, overall US private-sector output growth moderated in September, according to the report. A deceleration in the service economy more than offset an accelerated rise in manufacturing output. Anecdotal evidence suggests some of the slowdown was the result of company shutdowns on the East Coast ahead of hurricane Florence.IHS Markit’s “Flash US Composite PMI Output Index” pointed to the weakest upturn in business activity since April 2017. It was at a reading of 53.4 in September.“With storms hitting the East Coast, it was no surprise to see some disappointing survey data in September, with the flash PMI indicating that the pace of economic growth slipped to its lowest for almost one-and-a-half years,” said Chris Williamson, chief business economist at IHS Markit. “However, business activity remained encouragingly resilient during the month, commensurate with third-quarter GDP growing at an annualized rate approaching 3%.”Williamson also noted growth could pick back up in the fourth quarter, and the upturn in hiring was encouraging. The survey’s findings are indicative of nonfarm payroll growth topping 200,000 in September.The impact of tariffs is also being seen with rising costs that are passing through to selling prices.“The escalation of trade wars, and the accompanying rise in prices, contributed to a darkening of the outlook, with business expectations for the year ahead dropping sharply during the month,” Williamson said. “While business activity may rebound after the storms, the drop in optimism suggests the longer-term outlook has deteriorated, at least in the sense that growth may have peaked.&rdquo […]

  • Canadian staffing index flat in August

    The Canadian staffing index, which measures staffing activity in Canada, was unchanged in August on a year-over-year basis at a reading of 114.“August marks the fifth month of flat to declining growth in the staffing index,” said Maxim Kupfer, research analyst at Staffing Industry Analysts. “After a strong start to 2018, it appears that year-over-year growth has begun to moderate.”The index rose 1% on a month-over-month basis in August.The Canadian Staffing Index measures the hours of labor performed by a sampling of temporary and contract workers in the staffing industry. Staffing Industry Analysts produces the index on behalf of the Association of Canadian Search, Employment and Staffing Services. […]

  • Hawaii posts lowest jobless rate in August; four states hit record lows

    Hawaii posted the lowest unemployment rate among all states in August at 2.1%, the US Bureau of Labor Statistics reported today. Iowa was next at 2.5% on a seasonally adjusted basis, followed by North Dakota at 2.6%.Alaska recorded the highest jobless rate among all states at 6.7% in August.The BLS reported unemployment rates fell in August in 13 states; the largest were 0.2 percentage-point decreases in Alaska, Michigan, North Carolina and South Carolina.Three states had month-over-month rate increases: Maine’s rose 0.2 percentage point while Colorado and Wyoming both posted 0.1 percentage-point increases. […]

  • Canadian economy to grow 2% this year: The Conference Board of Canada

    The Conference Board of Canada now expects the Canadian economy to grow 2.0% in 2018, up 0.2 percentage points from its previous forecast. However, it is projected to then slow to 1.8% in 2019.Employment growth has weakened significantly. The Conference Board expects the economy to add 213,000 jobs in 2018, compared to the 337,000 new positions created last year. While gains in average weekly wages also slowed recently, wages are still expected to grow by 3.1% this year before weakening significantly next year. When combined with the high level of household debt, real consumer spending is expected to advance at a slower pace than in recent years.“The Canadian economy performed well in the second quarter of 2018, with consumers increasing their pace of spending, businesses raising investment in their capital stock and a double-digit increase in exports,” said Matthew Stewart, director, national forecast. “However, significant challenges remain, which will slow growth over the remainder of the year and into 2019.”Reuters reported gross domestic product grew at an annualized rate of 2.9% in the second quarter of the year, short of economists’ expectations for 3.0% but ahead of the Bank of Canada’s estimate of 2.8%.If the US imposes significant tariffs and Canada retaliates, The Conference Board of Canada expects there would be 1.3% hit to Canada’s economic growth over a two-year period.The economic acceleration in the second quarter took a significant portion out of the economy’s excess capacity. Consequently, the Conference Board expects the Bank of Canada will raise its interest rate in October and raise rates three times in 2019. […]

  • People: Geometric Results, Alexander Mann, Upwork and more

    Managed service provider Geometric Results Inc. named Jill Parrino as COO. For the past four years, Parrino held the role of VP of solutions and innovation. In her new role, all operations employees including client relationship management, service delivery, implementation, solutions and innovation/best practices, and a new operations division — mid-market strategy — will be under her purview.Alexander Mann Solutions, a London-based of RPO and MSP services, appointed Marisa Kacary to the newly created role of global director of brand, marketing and communications. Kacary previously held the post of director of marketing and communications at the organization between 2008 and 2011. She also founded an in-house employer brand and recruitment communications business targeting the RPO industry and is a nonexecutive director of the Savannah Group.Online staffing provider Upwork, the largest B2B human cloud firm, announced that it appointed Gary Steele to its board of directors, effective Aug. 5. Steele is chairman of the board and CEO of Proofpoint Inc., a cybersecurity and compliance company, and has more than 30 years of technology industry. Upwork this month filed for an initial public offering with plans to list on the Nasdaq exchange.Gray Scalable, a New York-based company providing human resource solutions for startup and growth-stage companies, named Eric Tenety as its new head of executive search. Tenety has 17 years of talent acquisition experience with venture capital and private equity portfolio companies, as well as publicly listed businesses.Witt/Kieffer, an executive search firm headquartered in an Oak Brook, Ill., announced Jen Meyers Pickard joined the firm as a consultant in its education practice. Pickard has nearly two decades of leadership experience in higher education administration and most recently was assistant VP for divisional initiatives and planning at the University of Arizona.Nextaff, the franchised staffing agency division of Malone Workforce Solutions, announced Tom Moreland will open its first office in Des Moines, Iowa, on Monday. The location will provide healthcare staffing solutions to the five-county Des Moines metropolitan area. Moreland is currently the CEO of Spirit Cares, a Des Moines-based home health care provider. […]

  • UK – Number of London jobs and jobseekers falls in August, Morgan McKinley finds

    The number of jobs available in London fell by 33% in August when compared to a year ago, according to the London Employment Monitor report by recruitment firm Morgan McKinley. At the same time there was an 8% decrease in professionals seeking jobs.When compared to July, the number of available jobs increased by 10% while the London employment figures on a month-to-month When compared to June’s figures, the number of professionals seeking jobs decreased slightly by 2%. During the same period, salaries increased in London by 22%.Hakan Enver, Managing Director, Morgan McKinley Financial Services, commented on the month-to-month August figures, stating, “Excluding the traditional January jolt in new jobs, we haven’t seen a double digit increase in jobs since March of 2017. The salary increases are likely the greatest contributor to why we are seeing confidence among job searchers soaring.”Morgan McKinley noted that the month-on-month increase in new jobs is even more significant coming during a “traditionally sleepy” time of the year for hiring, when most businesses are holding off on releasing new jobs until after the summer holidays are over. […]

  • Germany – Real wage growth increases slightly in second quarter

    Germany’s nominal wage index increased by 2.5% in the second quarter, when compared to the same period last year, while consumer prices rose by 2.0% in the same period leading to a real wage growth of 0.5%.According to Germany’s Federal Statistical Office Destatis, the biggest increases in nominal wages were in energy supply (+4.5%), manufacturing (+4.1%) and real estate (+3.7%). However, nominal earnings growth was particularly low in the public sector and social security (+ 0.6%) and in the arts, entertainment and recreation sector (+ 0.9%).Compared to the same quarter of the previous year, the nominal wage index in east Germany rose by 3.6% which is higher than the west which saw an increase of 2.4%. Destatis stated that must be taken into account that the earnings level in east Germany differs significantly from that in the west. The gross monthly salary of full-time employees in the second quarter of 2018 was in West Germany stood at €4,541, while in East Germany it stood at €3,365.&nbs […]

  • Spain – Construction sector employment growth at highest since 2012, Randstad finds

    Spain’s construction sector employed more than 1.2 million professionals in the second quarter of 2018, an increase of 7.2% from the same period last year and the highest figure since the second quarter of 2012, according to a study from Randstad.Randstad’s study also analysed construction employment growth by region and found that the sector reported growth in 14 out of 17 communities compared to the previous year. Navarre (35%), Castilla-La Mancha (24.3%) and Andalusia (22.2%) were the regions that saw the most improvement.  In absolute terms, Catalonia, Andalusia and Madrid accounted for 47.3% of all employed people in the construction sector during the period. […]

  • UK – Most employers don’t know where to start in sourcing disabled talent

    The majority of businesses in the UK struggle to know where to source disabled talent, according to survey research from the Recruitment Industry Disability Initiative.The research found that 70% of employers struggle to find out where to source disabled talent. Meanwhile, 11% of HR professionals feel ‘confident’ in knowing where to find candidates with a disability.  Kate Headley, spokesperson for RIDI, commented, “RIDI has one purpose: to break down the barriers faced by the millions of disabled people who are entering or progressing through the job market. We have long known that businesses, while open to hiring disabled individuals, often feel that they ‘don’t know where to start’ when it comes to engaging with disabled candidates. However, our latest research underlines the fact that many hiring managers simply don’t know where to turn to even access this valuable talent pool.”In response to its survey, RIDI launched a directory of recruitment service providers which are committed to the inclusion of disabled jobseekers, called RIDI 100.“By creating a dedicated directory of disability confident recruiters, we believe we can help businesses to overcome this crucial hurdle,” Headley said. […]

  • Australia – Labour hire licensing to be scrapped by South Australia Government

    ABC News reports that Attorney-General Vickie Chapman has announced that the new Liberal South Australian State Government will seek to repeal the Labour Hire Licensing Scheme which was put in place by the former state government. The Liberal party is the major centre-right conservative political party in Australia."The whole regime will go," Ms Chapman told the ABC. "The labour hire laws were established on ideology and they'll be repealed on common sense. We end up with a situation where the innocent are punished just to get to a few guilty."The scheme, which only came into effect earlier this year, includes stricter penalties for wrongdoers and a requirement that all labour hire companies be licensed.A decision to scrap laws put in place to punish companies that exploit workers has been labelled as an "attack" on the state's most vulnerable workers by the South Australian Opposition.Unions said they were 'shocked' and 'flabbergasted' by the decision and would strongly resist the move.  SA Unions secretary Joe Szakacs said: "We think it's a pretty shocking decision from the current Liberal Government, in particular the Attorney-General Vickie Chapman. These laws were not a fly-by-night idea. These laws protect the most vulnerable members of our community… they're facing rampant exploitation and frankly, the laws are simply just enough to start to deal with this exploitation…...We don't think that the Liberals are doing this for any other reason than payback for the business community that got them elected." […]

  • Australia – Centrelink’s plan to use labour hire workers draws criticism from union

    Centrelink, part of the Department of Human Services, which delivers social security payments and services to Australians, announced that it would be using labour hire workers in face-to-face roles in its offices as part of a six-month trial.Approximately 30 labour hire workers will be used in offices in Queensland, South Australia and Western Australia. The Sydney Morning Herald reports that the roles will be self-managed support advisor roles and will begin in October. The role involves greeting people as they enter Centrelink offices and directing them to using computers and phones in the offices.Australia’s Community and Public Sector Union said it was worried that members of the public will be dealing with staff members who aren't employed by the government."The CPSU is seriously concerned that labour hire workers will now be the first port of call for customers walking into a Centrelink office, instead of permanent members of staff," CPSU deputy secretary Melissa Donnelly said. "We want Australians to be served by experienced and properly trained staff members. The job might sound easy but dealing with clients who may be agitated or distressed as they walk into an office can be very difficult, and could pose a risk to the safety of the workers."Last year Centrelink hired 2,750 contractors to work in different roles including as call centre staff.According to a spokeswoman with the Department of Human Services spokeswoman said the 30 new staff members were additional staff. "There are no job losses associated with the move," the spokeswoman said.Nearly 1,300 roles at the Department of Human Services were cut in the last budget, following on from 1,200 cut in the budget before.The CPSU has previously called for a complete end to the use of labour hire workers in the public service, and believes the average staffing level cap has contributed to the decision to trial labour hire workers in frontline roles."Rather than imposing an arbitrary staffing cap on the public sector and forcing agencies to outsource to plug the gaps, the government should be investing in well-trained, fully supported employees who can offer our communities the services they deserve," Donnelly said. […]

  • India – Median salaries grew 11.5% in 2017, TeamLease finds

    Median salaries in India reported an increase of 11.5% across all sectors monitored by TeamLease’s Jobs and Salaries Primer report.The Jobs and Salaries Primer reports unified salaries across temporary and permanent hiring markets. The report relates these salaries to skills across select cities and industries for the period from April 2017 to March 2018.TeamLease found that salaries grew by a minimum of 10% and a maximum of 15.37% in 9 (out of 17) sectors and in 7 cities (out of 9 cities).The e-commerce sector in Bangalore (maximum 15.37%) and Educational Services sector in Mumbai (maximum 14.55%) exhibited the maximum salary growth across sectors. Some of the other sectors with less than 10% salary growth were Agriculture and Agrochemicals, Automobiles and allied services, BPO Services, Construction and Real Estate, Hospitality, Industrial Manufacturing and allied and Power and energy sectors. Meanwhile, Kolkata and Ahmedabad were the only two cities that exhibited sub-10% growth in more than 10 sectors.The report also found that temporary worker salaries were closing in on permanent worker salaries. Temp salaries have a hairline variance (less than 5% in more than 25% of the profiles) with Perm salaries in 14 sectors (out of 17). […]

  • South Korea – Job growth to remain weak in second half, finance minister says (Reuters)

    Reuters reports that job growth in South Korea will remain weak for the rest of this year with the country’s finance minister Kim Dong-yeon stating that a boost in fiscal spending won’t be enough to quickly offset employment losses in service industries and the private sector. “Weak employment growth is bottoming out,” Dong-yeon said. “South Korea created 5,000 jobs in July from a year earlier and 3,000 in August. This kind of trend will continue in the second half.” He added that although the government has been boosting fiscal spending on jobs, including a KRW 3.8 trillion (USD 3.4 billion) supplementary budget, state support alone can’t create new positions immediately. “The service sector used to lead job growth, and it’s where we lost jobs in August,” he said. South Korea’s unemployment rate rose to 4.2% in August, the highest since 2010. […]

Latest Research

  • Workforce Solutions Webinar – Cracking the SOW Code

    Sponsored by Bartech: It’s a natural part of program evolution to consider statement of work (SOW) management as the next workforce challenge. Many contingent workforce program owners struggle mightily to identify exactly how to implement a realistic solution in order to ensure success in these high dollar politically charged projects. In this webinar we explored the theory behind SOW management and the application of those core concepts using a combination of research case studies and best practice insight from industry experts.Moderator: Adrianne Nelson, Sr. Director, Global Membership Products, CCWP, Staffing Industry Analysts Speakers:Brock Dutton, Strategic Sourcing Manager, CCWP, Lincoln Financial GroupMick Feild, VP, Services Procurement, Bartech GroupBryan Peña, SVP, Contingent Workforce Strategies, CCWP, SOW Mgmt. Expert, Staffing Industry AnalystsDownload presentation (PDF)Watch webinar video below. […]

  • Training For Temporary Workers

    Key Findings: More than half of staffing firms offer training options to temporary workers. The most common type is free online training, offered by 40% of staffing firms. Active training is less common. Thirteen percent use paid vendors to actively train, test and/or certify workers; 12% use on-staff trainers. Training can be fairly extensive. Thirteen percent of firms gave some workers a full day of organized paid training or more, and 5% gave workers a full week or more of organized paid training. Commercial firms and large firms most active. Commercial staffing firms reported more training options for temporary workers than professional staffing firms, and large staffing firms reported more training options than smaller firms. Specific types of training offered. Among commercial firms, the most common type of training offered, cited by 24 firms, was safety/OSHA (US Occupational Safety & Health Administration). The second most common type of training offered, cited by 17 firms, was IT/software training. Among professional staffing firms, the most common types of training offered were IT, cited by 30 firms, and medical skills, cited by 15 firms. To access the complete report, please select the link below: North America Staffing Company Survey 2018 Training options offered to temporary workers 20180917 - You do not have permission to view this object. […]

  • US Statutory Expense Tool: September 2018 Update

    Introduction:This workbook contains statutory expense rates and benchmark data by state and occupational group for 2010 to 2018 regarding SUTA (state unemployment tax), FUTA (federal unemployment tax), Workers' Comp, Social Security, and Medicare.Use this tool to benchmark your firm's statutory expenses as well as for analysis of pricing trends by region and occupation.The dashboard worksheet allows you to examine rates and benchmarks by state and occupational group, as well as perform scenario analysis to calculate statutory expenses (in dollars) for various wage levels. The second and third tabs contain graphs showing the trend in SUTA and FUTA rates and Workers' Comp rates, respectively, by state and occupational group over time. The remaining tabs contain the complete data detail for each expense category for further analysis.To download the workbook, please select the link below: US Statutory Expense Tool - September 2018 Update 20180920 - You do not have permission to view this object. […]

  • SI Report Webinar - September 2018

    In this webinar topics covered include: US Staffing Industry Forecast Gross Margin Report US Geographic Opportunity Atlas And of course the latest updates on the state of the economy, employment trends and developments in the US staffing industry.Download presentation slides  180911 SI Report Webinar Presentation Slides - You do not have permission to view this object. Select the play button to begin viewing. […]

  • Quarterly Europe Employment (Eurostat) Report - Q1 2018

    This quarterly report compares the following employment metrics in 33 countries in Europe and displays them graphically. Total employment, employment rate, Y/Y change in total employment, percent of part-time workers, unemployment to employment transition and employees with temp contracts with data starting from Q4 2015 up to current data for Q1 2018. Temporary employees by the length of contracts, by education, by occupation, by economic activity and temp employees as a percent of total Temporary agency work business indicators such as Y/Y change in hours worked by agency workers and turnover from agency work Please note there are some variations in the Irish data from the previous quarter's report due to how the statistics have been collected.   This dynamic excel tool can be used to learn employment situations and compare market opportunities in various European countries.Click the link below to download the report: Quarterly Europe Employment (Eurostat) Report Q1 2018 - You do not have permission to view this object. […]

  • Staffing Firms in Jordan

    Jordan has two varieties of licences for staffing firms. One for companies which employ domestic workers and another for standard employment agencies. There are roughly 190 of the former firms and 60 of the latter, with several firms appearing on both lists.To become licenced a company needs to provide such details as its' registration certificate from the Ministry of Industry and Trade, a copy of the certificate showing the company's goals, a bank guarantee for 100,000 Jordanian Dinars (USD 140,800) and a pledge of good performance.The problem is that there are a large number of unlicensed employment companies, perhaps more than 600, which style themselves as consultants, employment councillors or use similar terms.Genuine firms are licenced to operate under Article 10 of the Labor Code, which prohibits receiving any fees unless they provide a “genuine” job opportunity. Article 11 states that any company or institution that carries out such activities without a license from the Ministry can be closed, and the violators punished with fines and imprisonment.According to the International Labour Organisation, Jordan operates a kafalah system to regulate migrant labour. This means that a migrant worker’s immigration and legal residency status is tied to an individual sponsor (kafeel) through a contract period during which the worker cannot resign from his/her job, transfer employment, or leave the country without first obtaining explicit permission from his/her employer.To download the full list of licenced employment agencies, please click below: Jordanian Recruiment Agencies 20180911 - You do not have permission to view this object. […]

  • Overview of the Netherlands Staffing Market

    This report provides data on revenue growth in recent years. The Dutch staffing market grew strongly in 2017. The staffing industry in the Netherlands has seen strong revenue growth over the last three financial years, 2018 seems to be following this trend as of yet. In recent years revenue growth was primarily driven by increased demand for skilled technical staff. However, in 2017 manual and technical labour are the skill categories with the highest revenue growth rates. This report also provides data correlation between revenue and hours worked by temporary workers. In the second half of the report, we analyse the total number of employees for the main industry segments in the Dutch economy as well as the number of vacancies registered during the year 2017. To download a copy of the report, click below: Overview of the Netherlands Staffing Market 20180911 - You do not have permission to view this object. […]

  • Largest Staffing Firms in the Netherlands

    The size of the staffing market in the Netherlands increased by +9% in 2017, compared with 2016. Market leader Randstad accounted for 15% of staffing sales, while Recruit’s local subsidiary, USG People is the second largest staffing firm (6% of market share), Adecco is third (4%). Together, these firms account for 25% of the market. The Top 50 firms’ combined revenue represented 59% of the market in 2017. The five fastest-growing firms show annual growth rates of between 58% and 41%. Staffing suppliers with a focus on professional skill sets are well represented within the five fastest growing firms. The complete list can be found from page six onwards. Our definition of staffing and the methodology for this report can be found on page ten. We have ranked companies by revenue, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank provides better service or more value to its shareholders. Staffing firms varied in degree of financial transparency, and even when forthcoming with information, in some cases data provided was adjusted for greater accuracy and consistency. Therefore, for all firms in this report, revenue shown should be considered an estimation by Staffing Industry Analysts. This report should be read in conjunction with our ‘Overview of the Dutch staffing market’ report. To download a copy of the report, click below: Largest Staffing Firms in the Netherlands 20180911 - You do not have permission to view this object. […]

  • Directory of Suppliers to Staffing Firms 2018 - September Update

    This report identifies and categorizes specialist suppliers to staffing firms globally. With 23 different categories ranging from advisors & consultants to payroll funding and back office,with over 950 vendors spanning over 60 countries.The Directory provides a comprehensive range of solutions and services that staffing firms may require to operate their businesses more efficiently and more effectively. Directory of Suppliers to Staffing Firms 2018 - September Update - You do not have permission to view this object. […]

  • Largest Global Engineering Staffing Firms

    • We estimate the global engineering staffing revenue market in 2017 to be worth $31.0 billion. Added together, the top 20 firms generated $12.2 billion in revenue, accounting for 39% of the market, by our estimates. The complete list of 20 firms can be found on pages five and six of this report.• In this market share report, we have ranked companies in order of revenue size, according to industry custom, but this ranking should not be taken to imply that a firm with a higher rank provides better service or more value to its shareholders.• Staffing firms varied in degree of financial transparency, and even when forthcoming with information, we reserve the right to adjust data for the sake of consistency. Therefore, for all firms in this report, revenue shown should be considered an estimation by Staffing Industry Analysts.• Market share percentages in this report were calculated by dividing each company’s revenue figure by our estimate of $31.0 billion for the global engineering staffing market in 2017.• Overall, we believe that this list is accurate and can be used appropriately to get a “big picture” reading of the global engineering staffing industry landscape. However, as transparency and availability of information from staffing companies can vary from one year to the next, this year’s estimates may not be comparable to those of previous years in all cases. For that reason, we did not display prior year revenue estimates in this report.• Additional details on the methodology of this report are provided on page seven.To download a copy of the report click below:  Largest Global Engineering Staffing Firms 20180827 - You do not have permission to view this object. […]

  • Global Overview of Developments in Data Privacy: 2018 Update

    Key Findings Alabama and South Dakota have joined the other 50 states and D.C. in enacting legislation requiring individuals to be notified of security breaches of information involving personally identifiable information (PII). Colorado enacted the most stringent breach notification law to date; and California enacted ground-breaking privacy legislation putting its residents in control of their data. On 25 May 2018, Europe’s laws on data protection underwent fundamental changes as the General Data Protection Regulation (EU 2016/679) (GDPR) came into effect, replacing the Data Protection Directive 95/46/EC. However, the GDPR contains more than 50 derogations allowing EU countries some degree of flexibility over how certain provisions will apply in each member state. The security of international transfers of data between the EU and US are under scrutiny as the European Parliament passed a non-binding resolution to suspend the Privacy Shield if the US is not fully compliant by 1 September 2018.  An Irish court has also questioned the validity of standard contractual clauses. China released the national standard on personal information protection which came into effect on 1 May 2018; while India invites comments on a white paper on data protection with a view to introducing national legislation. To download the full report, click below:  GlobalOverview_Data Privacy_Update20180820 - You do not have permission to view this object. […]

  • Workforce Mix Modeling

    Executive SummaryOrganizations have a wider choice in determining how to get work done than ever before – from employed workers to the various forms of contingent labor; freelance, temporary (via an agency or not), independent contractor and SOW consultant. Workforce Mix Modeling will help you to source the right worker - at the right time - at the right cost - in the right location - with the lowest risk.As organizations continue to explore opportunities to optimize the make-up of their workforce, a bottom-up framework of modeling job title-level decision-making can provide insights as to whether an organization is getting the most from its workforce without assuming unnecessary costs or risks. Considering the relative newness of some worker types, it is not surprising that workforce mix optimization is still taking shape as both art and science. Regardless of current levels, many companies are projecting contingent workforce growth. Therefore, modeling efforts must account for as many priority factors as are practical, for what is most easily measurable (e.g. cost) may not necessarily be what is most important in the end. Workforce mix modeling is a beginning step in making trade-offs and decisions around the optimum way to get work done in your organization. Program owners need to consider both straightforward factors such as cost and softer factors such as learning curve, position volatility, intellectual property risks, customer interactions, etc. Taking the time to model workforce mix from the bottom up can yield significant payoffs and getting the most from one’s workforce is a critical success factor for most companies. But such an undertaking requires careful forethought and consideration if the exercise is to be completed in a timely and accurate manner. Undoubtedly, many recipients are likely to see this as additional work and will look upon such an exercise with suspicion, potentially tainting the validity of their input. Whether these concerns are reasonable or not, managing such perceptions should be taken seriously. Bottom-up planning makes a lot of sense for high-volume roles in an organization where there is a clear choice between contingent and permanent hire based on the workforce mix action plan and other strategic considerations relating to the talent segmentation, corporate priorities and labor market availability.To download the complete report, please select the following link: Workforce Mix Modeling 20180809 - You do not have permission to view this object. […]