Why 2018 is Full of Uncertainty
While staffing decision is always tough, there are a few other factors at play in today’s economy that are adding pressure, increasing uncertainty and exposing the need for temporary IT staffing solutions. The economy has finally rebounded after the tumult of the Great Recession. Lower unemployment is certainly a good thing, but it also creates a tight labor supply, which can make it difficult to recruit top talent.
By late 2017, the unemployment rate had reached just over 4%. Compare that to 2007 when unemployment had climbed to 10%. While it may seem counterintuitive to say that unemployment is good for companies, it does mean that they have a much larger, more educated and talented pool of candidates to choose from. When the economy is reaching nearly full-employment, it can be difficult to find qualified candidates, which leads to increased uncertainty about whether a company will be able to take on new clients and meet growing demands.
In addition, any time a new presidential administration is elected into office there are sure to be changes. This creates uncertainty on a macro-scale that can also make companies wary about investing in full-time new hires. Businesses don’t want to be caught in a position where they have made major decisions that are then affected by new government policies.
In the first few months of the Trump administration, businesses were experiencing a surge in optimism because they were promised fewer regulations. For some, this optimism spurred decisions to invest in new facilities and employees. However, others are still waiting to see exactly what policies are pushed through and how they will affect their bottom-line. Ultimately, the administration has been dealing with a high turnover rate, making it fairly unpredictable and increasing uncertainty at home and abroad.
Why Choose IT Staffing Solutions
As businesses continue to grapple with these challenges, the IT staffing industry has managed to create a model that addresses uncertainty and serves as an example to staffing agencies in other industries. Traditionally, staffing agencies would supply workers who would try to learn the responsibilities of their new position as quickly as possible. Temporary workers might have been educated and experienced, but they weren’t necessarily trained in every position they might find themselves asked to take on.
However, IT staffing companies are able to offer highly-qualified personnel who can quickly become a part of the company fabric. This allows businesses to temporarily meet demands, adjust staff levels as needed and enjoy the benefits of working with experienced professionals who are well-versed in the latest best practices.
While 35% of temporary workers are eventually offered a permanent position, the average tenure lasts three months per job. The ability to receive additional support without having to make a permanent hire, allows companies to be flexible, scalable and adaptable which can be an invaluable tool in an uncertain business environment. Businesses can get the expert help they need to move to a new location, launch a new product or onboard new equipment or software.
As the needs of businesses evolve, staffing agencies need to offer creative solutions. The IT staffing industry is leading the way by providing highly specialized workers who can quickly be onboarded and address the challenges that are a result of an uncertain business climate. This will allow businesses to make more aggressive moves without that same risk and commitment, which can ultimately lead to additional, permanent roles for new staff.
datanet IT is working to help businesses navigate an uncertain business world by providing IT staffing services. As a recognized leader in a variety of IT solutions, it only makes sense that they would also be leading the industry when it comes to providing temporary staffing solutions to companies who need to address short-term deficiencies and increase capabilities. To learn more about their minimalist approach to contracting and how their IT staffing services may be able to help your business, contact them today.