As the economy is still slow and global volatility continues, ManpowerGroup, a provider of work force solutions, recommends employers incorporate flexible work force models to remain competitive in the market.
This is especially important as the U.S. Bureau of Labor Statistics reported last week that the overall March jobless rate fell to 8.2 percent from 8.3 percent in February while the U.S. private sector added only 121,000 new jobs last month, ManpowerGroup maintains. The manufacturing, food and beverage, and health care industries added jobs, but the retail industry lost jobs in February.
"Last month's weaker-than-expected numbers are certainly linked to fuel prices and sluggishness in Europe but do not reflect a steady demand trend," says Jeffrey A. Joerres, ManpowerGroup chairman and CEO. "Last month's weaker-than-expected numbers are certainly linked to the agility and cautiousness that companies are exercising. The increased fuel prices and sluggishness in Europe may be adding just enough concern for employers to take a pause in their hiring activity.
"Just as a financial planner would advise clients to diversify their portfolios, we recommend employers meet fluctuating demand by balancing their work forces with the right mix of talent – including permanent hires, temporary workers and part-time staff. A flexible work force enables companies to stay profitable as economic volatility persists in the U.S. and worldwide."
The Manpower Employment Outlook Survey for the second quarter of 2012 finds that hiring optimism among U.S. employers has gained momentum as positive outlooks were reported broadly across all industries and geographies. The represents the 10th straight quarter that respondents have reported a positive outlook.
"We're seeing improvement in the labor market, but job creation is not occurring fast enough," says Jonas Prising, ManpowerGroup president of the Americas. "Add to this the talent mismatch we're seeing in the U.S., we just don't have enough of the right people with the right skills for open positions. To tackle the mismatch head on, ManpowerGroup reinforces the need for educators and employers to collaborate so that talent is work-ready, not only graduate-ready."
According to ManpowerGroup's 2011 Talent Shortage Survey, 52 percent of U.S. employers struggle to fill key jobs, marking the highest percentage in the six-year history of the survey. With this in mind, ManpowerGroup advises companies to focus on the long-term picture because the talent mismatch inevitably will decline as demand for products and services grows.