Factors to Integrate into Your Business Strategy to Thrive
The staffing industry entered 2020 completely unaware of the carnage that was about to unfold, as the global pandemic plummeted millions of Americans into unemployment.
There was little you could have done to have prepared your staffing business for such volatility, uncertainty, and change. But there’s a silver lining in this heavy-weighted Covid cloud – and that’s our ability to learn from it. From here, we can adjust and prepare for what seems like anything heading our way, by routinely assessing the health of your staffing business.
Knowledge is your organization’s weapon to vaccinate against forecasted issues, to ensure your staffing agency is aligned with your clients and your team is prepared with the right mindset and tools.
In this article, learn three important staffing industry trends for 2021 to help emerge stronger, more knowledgeable, and more resilient than your competition.
During 2020, the COVID-19 pandemic accelerated the shift to remote working. As companies were forced to move their employees to working from home, both employers and employees have begun to realize its benefits.
Remote work is likely to stay. A Forbes article discusses various research on remote work, which includes the following forecasts:
- 70% of the workforce will work from home at least five days each month by 2025.
- The percentage of workers permanently working from home will double in 2021.
- Two-thirds of companies plan to permanently move employees to remote work post the COVID-19 crisis.
In addition, companies are likely to be more flexible with their staffing. Consequently, they will seek to take advantage of temporary and contract staff, employing talent on an as-needed basis and helping to develop the gig economy further.
There’s a misconception that technology often translates into ‘expensive’, but the effects are quite the opposite.
When considering which technology will help streamline business, or make it easier for clients to interact, you’re allowing your service to become more convenient to its users, expanding your business reach.
Technology should also provide automation, drastically reducing the time-consuming tasks that take your team away from the fundamental, critical tasks of the business. But be careful not to allow too much automation into your business, or you’ll lose that valuable personal touch.
3. Transferrable Skills
With the pandemic forcing the nation’s employment rate to surge to its highest level of 14.7% in April 2020, and a talent shortage at a record high of 54% – doubling in a decade – staffing agencies scrambled to fill vacancies with the right candidates to help their clients avoid high turnover.
Enter transferrable skills. The future of hiring. Your staffing team must think outside the candidate’s employment history and identify the transferable skills that will highly complement a job description in any sector. Only this way will your staffing agency truly fill vacancies with quality candidates.
Face Staffing Industry Trends Head On
Your best defense against any trials and tribulations that may face the staffing industry in 2021 is to forecast, predict, and prepare. Then plan to align your business processes and procedures with the trends that are likely to dominate in the coming months.
For outside-the-box strategy development, specific to the staffing industry, contact EnabledForce today.