2009 has been a tough year in the staffing industry. I have seen companies completely fold, others have become aquired by competitors at vastly reduced values.
Unemployment is at near 10%, from what I understand if unemployment rises above 10%, that indicates we are in a depression.
So, what is going to happen to the staffing and temp industry?
Sooner or Later ---It's going to explode!
Most of the smart people tell us that the first signs of the end of the recession will be an increase in contract or temp hiring. Companies are reporting higher earnings, but are still reluctant to increase hiring practices....yet, business goes on, customers still need services and products, and consumers are still spending money.
As the 3rd quarter of 2009 begins, our industry is seeing some green shoots and potential turnaround signs. This seems to be the indicator that everyone has been looking for...a rise in the contract and temp hiring process and statistics.
Our firm is landing new customers again, and we are adding headcount. We are seeing renewed interest in our business model, Faster Better Cheaper - a Green Approach to Staffing! Our Press Releases are being read again, our customers are answering their phone.
In my opinion, its the begining of the end...I hope so!
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