Bad news from Reuters: Fewer U.S. companies planning to hire in the near future.
The title says it all, but the statistics are even more revealing. A mere 23 percent of companies polled by the National Association for Business Economics (NABE) in June have definite plans to hire additional staff within the coming six months. Hiring has reached a dramatic slowdown in the past few months, due to the mounting debt crisis in the Eurozone.
Still, March and April’s numbers are significantly higher than May through July’s. Forty-seven percent of companies that took part in the survey responded with the feeling that the European crisis precipitated their difficulties in sales.
What is most startling is that 40 percent of these firms have more than 1,000 employees. When big hirers stop hiring, what about the small ones?
More and more companies have stopped hiring full-time. Now, more than ever, is the time for temporary staffing companies to sell their services. Temporary staffing can allow companies to test the waters with temporary workers rather than committing to full time relationships.
Keep in mind that while you’re expanding and cultvating your temporary staffing agency, there is no reason why you should fall behind the curve because of delinquent invoices. Try temporary staffing factoring so that you ca better accommodate the demands of your industry.