Contingent Workers – Some Metrics

WORKFORCE METRICS
CONTINGENT COUNTS

  • Temporary workers needed for the 2010 U.S. Census: 2,200

 

  • Penetration rate of temporary workers in the United States: 1.3%

 

  • Percentage of CIOs who find trying an employee on a contract/temporary basis:

Valuable: 73%
Not valuable: 25%

 

  • Places candidates can search for work: 400,000
  • Employer job-candidate spending: $60 billion

 

  • Percentage of surveyed workers who chose temporary work because:

Couldn’t find permanent/regular job: 39%
To learn new skills: 3%

  • Percentage of people who plan to use staffing firms in third quarter of 2009 to:

Seek a job: 24%
Hire staff: 13%

  • Planned headcount changes for 2009:

Increase: 62%
Decrease: 27%

Source: Bureau of Labor Statistics via Workforce Recruiting Management e-newsletter

Outsourcing is Not a Four Letter Word

I read this online Business Week article and I thought I was reading about myself.  If I were to add my thoughts, I’d add:

  • Live where you want to live (provided you have a decent Internet connection)
  • Enjoy flexibility of schedule
  • No corporate politics or non-productive meetings
  • Meet and work with interesting intelligent humans
  • Enjoy a different kind of stress.

Outsourcing Benefits U.S. Workers, Too – BusinessWeek

For the project workers who log in to oDesk every day to create their own job with decent pay, outsourcing is a wonderful thing—be it in Wyoming or New Delhi. Some have been forced from full-time jobs but many simply prefer to go it alone or to work with small groups. Scarred by a barrage of layoffs in recent years, these workers like the control over their lives and diversity in the source of paychecks.

Thought For The Day – 090909

We partner with others to barter tasks and resources as well as to synergistically enlarge our vision.  We let them do what they enjoy and are good at so that we can do what we enjoy and are good at.  The only trick is to find people who love to do things that we do not enjoy and partner with them to do it.

Dr. B. Curtis Hamm received his Ph.D. from the University of Texas and is Professor Emeritus of the Spears School of Business and Consultant to the Oklahoma State University Foundation.

Dr. B. Curtis Hamm

Another Reason For Outsourced Underwriting – MOJO

When you mention the word “outsourcing” most people get very emotional.  The emotion is fear. Usually, it is a fear of losing one’s job.  Well, during this nasty recession a lot of jobs have been lost.  I have been asking the question,

“Who’s left to do the work?”

I’ve noticed I am not the only person asking this question.  Nearly two thirds of respondents in a recent survey asked the very same question (see survey results reproduced below or click through to read the entire article).

If you’re in NB/UW management your cost cutting phase is over.  Stick a fork in it, it’s done.  Now you have to figure out how to get the work done with a decimated, demoralized staff.  Screaming won’t help (unless that makes you feel better).  Mandatory 60 hour work weeks?  I don’t think so.  Yup, looks like a man-made management problem that requires creative management solutions.  Unabashed self-promotion follows:

The underwriting talent is out here and we have the technology to connect companies with with experienced, professional underwriters to get the work done.

Call us. I have a mortgage, two kids in college, and a small fleet of cars to support.

One more thing…we got the MOJO.

Workforce Blogs – The Business of Management

A new survey just released by the Workforce Institute at Kronos Inc. and conducted by Harris Interactive suggests that a lot of employees may not be feeling particularly optimistic and workplace productivity has been a casualty of the Big, Bad Recession.

Here are some of the survey highlights:

• Some 38 percent of respondents employed full or part time said there had been layoffs in the past year at their primary place of employment.

• Of those respondents who said that productivity had been negatively affected by layoffs:

—66 percent said that morale has suffered and that workers are less motivated;

64 percent said that there is just too much work and not enough people left to do it;

—37 percent said the wrong people or departments were laid off, leaving inefficient systems and workflows; and

—36 percent said they are concerned that as the economy picks up, they won’t have the right resources to meet demand.

Question of the Day – August 7, 2009 – Can Businesses Really Do More With Less?

At the end of 2007 a large Midwestern US insurance company instituted mandatory 55 hour workweeks for their underwriters.

A year later, that same company a laid off a bunch of  people.  Some of these employees were the same people from whom management mandated OT from just one year prior.

The hamsters are dying.  I don’t think they can do more with less.  Time for a new business model.

My answer to the question is NO.

Businesses Learn To Make Do With Fewer Workers : NPR

Since December 2007, the labor market has seen a net decline of 6.5 million jobs.

Indian Recruiters (live in India)

Here is an interesting post from Fistful of Talent.  This article will shed even more insight into the world of Indian recruiters.  By the way, I emailed the sender of the email I got two days ago.  No response yet.

Fistful of Talent: All My Recruiters…. Live in India…..

So, here’s what I found out in the lunch with the recruiting firm in question, which I consider to be a pretty sharp bunch. They’ve long used outsourcing as a means to “source” candidates, but they’ve now moved to the next level. In addition to sourcing candidates using resources in India, they’ve also handed off the next level of activity to outsourced recruiters in India. That means outsourced recruiters who understand the technologies in play are making the initial calls to prospects, qualifying them, and locking them down for the next step, which might be a phone screen or in-person with the actual recruiting firm, or if the specs are nailed, a phone screen or in-person with the client company in question.

Here’s the kicker – low cost, robust technologies like Bullhorn, which allow recruiting shops to manage the lifecycle of the recruiting process for a single candidate from anywhere on the globe, have enabled the manager in question to outsource this function. All he needs is the right talent overseas, and he pays 20-30% of what he would pay a full life cycle recruiter located in Birmingham to do the same job.