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Post-pandemic Temporary employment set to grow faster than before29th, Sep 2020
Gig workers and freelancers have something to be happy about. In a study done by a source, there is a 47% more chance that hiring managers will choose independent professionals or freelancers after the COVID-19 crisis. The study looked at the hiring preferences of 1,500 US hiring managers. Flexible talent is in demand and companies are adapting to accommodate more remote and temp workers.
We know of temporary employment more commonly as “gigs”. The term signifies an employment scenario where a working arrangement is made for a limited period of time-based on the needs of an employer. Temporary workers may work full-time or part-time, depending on the contract with their company.
There are many terms for temporary employees: Just a shortened ‘temp’, seasonal, contractor, freelancer, casual staff, etc. In some cases when white-collar workers who are highly skilled in niche areas such as research and development, engineering, architecture, etc. offer their services in a temporary manner, they call themselves “consultants”.
Here are the numbers.
After recovery from the last recession, temp employment has been growing at a steady rate where almost as many as 480,000 jobs were added in the period between 2012-2019. This happened because companies are looking for more flexibility and the workers are looking for a much bigger control over their work lives.
Here is the city-wise list of the number of temp jobs some major cities added in the past few years.
Los Angeles, CA - 13,466 jobs
Dallas, TX - 13,435 jobs
Chicago, Il - 12,944 jobs
Grand Rapids, Mi- 8,997 jobs and
New York, NY - 8,718 jobs
These are also the cities projected to have the largest number of temp jobs till 2025.
Temporary help services are the biggest sphere in the gig economy. According to statistics published in a study by BusinessWire, temporary help services employment is slated to reach a whopping 3.2million jobs and more by the year 2025. If you compare this with the figures of 2019, it’s an increase of as many as 254,000 jobs! This serves as a comparative stand for other gigs as well.
The studies further show that 42% of people involved in temp work pick up at least two gigs per week. Looking at the statistics, they will have even more opportunities in the future.
How does one get temporary work and how do organizations hire this workforce?
Usually, a temp agency (a staffing firm that specifically caters to the business needs of both employers who are finding temporary staff, and employees who are finding gigs) find the right temporary workers for an organization and retains them (which sometimes can be cyclical in nature).
Times are changing with the advance of the internet. These days not everyone finds temp jobs and staff through agencies. There are internet marketplaces available for workers to find short term jobs and build a direct connection between gig workers and employers. These freelance marketplaces have presented a global market for their work.
Internet marketplaces complement the rise of something called a gig economy- a labor market where short term contractual employment is more prevalent as opposed to permanent jobs.
Why choose temp. work?
- There are many advantages of temporary work, both for employees and the organizations employing them.
- Speedy hiring: If you meet the technical requirements for the job, you are immediately hired without having to go through a lengthy selection process. You could say, it’s easier to find temp work compared to a permanent role.
- Happiness quotient: Many temp jobs have flexible hours that results in happy employees with a stable work-life balance.
- Opportunities for experience: As a temp worker you are exposed to a wide range of companies all having their own niche. In the end, you become a jack of all trades with the experience you gather in different industry verticals.
- Trial and error: Temp staffing allows organizations to try an employee for a shorter period of time, before onboarding them for a bigger, longer role.
- Income: Due to temporary in nature, the jobs usually paid higher than full-time employees of the same skill. Also for full-time workers, temp work can be a source of your secondary income.
You see, being a part of the temporary workforce brings many benefits. It’s also the future of employment. Time to hop on to modern VMS platforms such as TruAlly, and find a number of exciting opportunities matching your skills.