In 2019, contract and temporary staffing jobs were booming.
Then, enter 2020. COVID-19 halted the world. US companies recorded a 19.5 percent decrease in annual staffing employment for 2020, averaging only 2.5 million contract and temporary workers a week. The yearly staffing employment sales also decreased 10.5 percent from 2019, amounting to $122.3 billion in 2020.
The push-and-pull of the first and second half employments drove 2020’s total annual job performance. In the first half of the year, staffing employment dipped to 33.6 percent or about 1 million jobs. However, the gradual increase in the year’s second half saved 2020’s staffing employment performance.
From the huge dip in the second quarter of 2020, the rest of the year eventually witnessed a gradual rise in staffing employment opportunities. As a result, average weekly staffing rose from 2.1 million in the second quarter of 2020 to 2.3 million in the third quarter, a 14.4 percent jump. Eventually, the employment rate kept growing, averaging a jump to above 18 percent in the fourth quarter of 2020, where average weekly staffing climbed to 2.8 million.
The temporary and contract staffing sales followed the same course. During the pandemic, the staffing industry hired 13.6 million temporary and contract-based workers in total for 2020. These workers served an employment period of 9.6 weeks on average.
The increasing employment rates from 2020 pointed toward how many workers were called back to their employment positions by their former employers. This resulted in rapid but partial recovery from the second half of 2020 to the first half of 2021.
Despite the worldwide shutdown, the staffing industry did not witness a blow as massive as the other industries in the pandemic. Instead, many staffing companies revealed increased demands of temporary and contract workers in the first quarter of 2021.
Additionally, the major disruption in the workers’ routines opened more opportunities for remote work and offered a more inclusive and flexible work environment.
This disruptive shift only means that the future of staffing is promising. As vaccines become widely adopted, the staffing industry is predicted to bloom further.
We at Agile Workplace Staffing believe that flexible working hours and a more inclusive workspace are the primary reasons temporary and contract-based jobs remained prevalent despite the pandemic. This has been an important lesson for the staffing industries looking to hire and retain top-tier workers.
If you are looking to take your company hiring to the next level, try partnering with Agile WPS. With more than half a decade worth of experience under its belt, Agile offers cost-effective and time-saving temporary or contract-based staffing services to the engineering, life sciences, and manufacturing areas of work. In addition, agile WPS is dedicated to connecting you with talented professionals who would add value to your team.
Get in touch with us today to help you connect with the perfect candidate who would make an excellent fit for your organization.