Flexible Workforce Models Continue to Offer Winning Options
Flexible Workforce Models Continue to Offer Winning Options for Employers Faced with Fluctuating Demand
U.S. Bureau of Labor Statistics Reports Slow Hiring in March, But Optimism is Still Strong, Cites Manpower Employment Outlook Survey Results
ManpowerGroup the world leader in innovative workforce solutions, advises employers to incorporate flexible workforce models when faced with slow growth and lingering volatility in global markets, as the U.S. Bureau of Labor Statistics today reported that the overall March jobless rate dropped slightly to 8.2 percent from 8.3 percent in February, and that the U.S. private sector added only 121,000 new jobs last month.
Jobs were added in manufacturing, food and beverage industries, and health care. Retail trade lost jobs from February.
"Last month's weaker than expected numbers are certainly linked to fuel prices and sluggishness in Europe, but do not reflect a steady demand trend," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "Last month's weaker than expected numbers are certainly linked to the agility and cautiousness that companies are exercising. The increased fuel prices and sluggishness in Europe may be adding just enough concern for employers to take a pause in their hiring activity.
"Just as a financial planner would advise clients to diversify their portfolios, we recommend employers meet fluctuating demand, by balancing their workforces with the right mix of talent — including permanent hires, temporary workers and part-time staff," Joerres added. "A flexible workforce enables companies to stay profitable as economic volatility persists in the U.S. and worldwide."
According the Manpower Employment Outlook Survey for Q2 2012, hiring optimism among U.S. employers has gained momentum as positive outlooks were reported broadly across all industries and geographies. U.S. employers have conveyed a positive Outlook for 10 straight quarters.
"We're seeing improvement in the labor market, but job creation is not occurring fast enough," said Jonas Prising, ManpowerGroup President of the Americas. "Add to this the talent mismatch we're seeing in the U.S. We just don't have enough of the right people, with the right skills for open positions. To tackle the mismatch head on, ManpowerGroup reinforces the need for educators and employers to collaborate so that talent is work-ready, not only graduate-ready."
ManpowerGroup's 2011 Talent Shortage Survey found that 52 percent of U.S. companies are struggling to fill key jobs, the highest percentage in the six-year history of the survey. ManpowerGroup advises companies to think long-term because the talent mismatch will inevitably worsen as demand for products and services increase.