The nature of the global workforce has rapidly changed. The idea of getting a job from one company, working their for 30 years, and then retiring is long gone. Companies need to scale their workforce up and down in order to stay competitive and job seekers have to be more flexible and mobile as well. Hence, the importance of agility staffing.
This has placed a premium on the need for companies to increase their agility in staffing. Companies need to source, screen, select and on-board the right talent at an accelerated pace. If they take too long or fill positions with the wrong type of talent, it can directly impact their competitiveness.
According to an Intelligence Report from the American Staffing Association,
The number of people working at a company, their skill sets, their cumulative cost to the company, and their ambition and motivation all combine to create the single most important variable in the success or failure of any enterprise: the staff. A company that can get the right people in the right positions at the right time and at
the right price has a tremendous advantage over less astute competitors.
In response to the need for speed and agility, companies are increasing their adoption of Applicant Tracking Systems even during a slow economy.
Bersin & Associates says in a recent posting that the Applicant Tracking Systems market (ATS) grew by 11% to nearly $1 Billion as of April 2011. Reasons for the significant growth are that companies need to move quickly and they cannot keep pace if they either have no technology at all or if they have out-of-date ATS software.
Online advertising for vacancies in Health Care and Technical occupations were the only bright spots in an otherwise disappointing job climate, according to information released by the Conference Board for the month of August.
Overall, 2011 is advertised job vacancies fell by 163,900 from July to August, 2011. This drop followed a previous decline of 271,000 from June to July. According to June Shelp, VP at the Conference Board, “Following a very strong first quarter, labor demand has fallen off in the second quarter and into the third quarter [of 2011], reducing the earlier gains.”
Despite the overall soft performance, there were some encouraging results in specific industry sectors. In particular, health care and technology showed increases in the number of online job postings of 26,300 for a total of 513,700. This strength traced to occupations such as: registered nurses, speech-language pathologists, family and general practitioners, and occupational therapists.
According to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment®, (LINE®), the challenges facing employment and recruiting are increasing.
In September, the hiring rate is expected to decline -9.6% in manufacturing and -15.3% in the service sector. This will contribute to the recruiting difficulty. In August, the index for recruiting difficulty rose sharply and increased +15,6% in manufacturing and +14.1% in service.
The full report is available to SHRM members at SHRM.org
The Society for Human Resource Management (SHRM) is the world’s largest professional association devoted to human resource management. Our mission is to serve the needs of HR professionals by providing the most current and comprehensive resources, and to advance the profession by promoting HR’s essential, strategic role. Founded in 1948, SHRM represents more than 275,000 individual members in over 140 countries, and has a network of more than 575 affiliated chapters in the United States, as well as offices in China and India.