According to Staffing Industry Analysts’ predictions for 2014, the U.S. staffing market will grow 5 percent this year. Buyers of staffing service have grown in sophistication, with increasing expectations of their staffing agencies. With these expectations on the rise, staffing firms will have to consider more than bolstering their own workforce with new talent. They should be talking strategic initiatives with their clients.
In addition, investing in human capital and being open to new business models are important to any staffing business looking to grow. Potential talent has to have the right education and skillsets for the job, of course, but there are other considerations at play. There should be dedicated teams within staffing firms exploring what works in providing the best solution.
Studies have shown multiple generations will continue to plays an important role in the workplace, with Baby Boomers and Millennials are moving the workforce forward.
Another key to growing your company with speed and efficiency lies in new technology. The following infographic highlights the current trends in technology use for staffing firms:
- 94 percent of recruiters plan to use social media in their recruitment efforts
- 70 percent of active job seekers are using their mobile devices to look for jobs
- More than 6 in 10 companies are now using video interviews in their recruiting process
- Video interviews save as much as 67 percent of the travel costs associated with recruiting
Check out the full infographic:
What do you think? What kinds of growth strategies will you be implementing in 2014?