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How to Grow Your Staffing Firm in 2014

HOW TO GROW YOUR STAFFING FIRM IN 2014 Staffing Industry To Grow In 2014 This means you'll need to focus on some new goals if you want your company to succeed. Invest in Human Capital You can't find the best talent for your expanding client list in 2014 if you don't invest in some new talent yourself: Qualifications of a Staffing Superstar College degree - liberal arts, human resources, business, psych, or specific industry for niche recruiting Skills - communication, technology, salesmanship, organizational skills, strategic thinking National Median Salary: $44,150 Hire and Retain Generational Talent When it comes to finding talent, Millennials and Boomers are moving the workforce forward: Millennials YES XXX XXXXXXXX XXXXXXX XXXXXXXX Š„XXXXXXX XXXXXXXX NO 78% 68% of employers think Millennials In 2014, regard Millennials as the most enthusiastic there will be are the most tech-savvy generation more than 80 million Millennial workers workers What Millennials Want: bus passes, paid overtime, and pet healthcare plans VI Boomers YES NO 55% 73% In 2014, there will be 40 million workers between see Boomers of mentoring others, which may be why employers think Boomers are 56% see them as team players the ages of 55 and 64 hardworking What Boomers Want: defined benefit retirement plans, private medical insurance, and a company car Embrace New Technologies It's not the rise of the machines yet and no one is driving around in flying cars, but to find the best talent you'll need to get futuristic: Video Interviewing: More than 6 in 10 companies are now using video interviews in their recruiting process 10 one-way video interviews can be watched in the time it takes to do just 1 phone screen $ $ $ Video interviews save as much as 67% of the travel costs associated with recruiting Social media: IT budgets: Mobile: 94% i 70% 65% of active job seekers are of companies say IT budgets will increase in 2014 of recruiters plan to use social media in their recruiting efforts using their mobile devices to look for jobs Provide Specialized Labor The war for talent continues, and in 2014, finding the right people will be ultra competitive: 67% of Fortune 1000 companies have more STEM job openings than non-STEM jobs 89% of recruiters report competition is fierce to fill open STEM jobs with 4-year STEM degree holders Only 50% can find qualified 4-year degree holders in a timely manner Live Up To Client Expectations With increased demand for talent, the expectations of your clients will be sky high in 2014: lack of skilled candidates unrealistic client expectations 33% 26.5% Greatest challenges listed by staffing pros in 2013 -63% 10.9% of staffing professionals increased focus on strengthening client relationships reported spending more than half of their time attracting new clients Understand The Affordable Care Act Healthcare is changing in 2014, will it affect the staffing industry? 78% of businesses said the Affordable Care Act will not have an impact on hiring plans Some firms will make lower-wage workers 100% contingent rather than provide benefits With a war for talent raging and demand for candidates growing, 2014 is the perfect year to grow your staffing business and find success! spark Hire Sources: http://work.chron.com/requirements- recruiters-7356.html http://www.glassdoor.com/Salaries/us- recruiting-salary- SRCH_IL.0,2_IN1_KO3,13.htm http://www.lifebenefits.com/lb/ Aware/0512_EmpFocus.html http://www.businessinsider.com/how- millennials-gen-x-and-boomers-shape- the-workplace-2013-9 http://qz.com/139402/baby-boomers- care-about-retirement-plans-while- millennials-want-pet-health-insurance/ http://www.beyond.com/articles/four- hiring-trends-to-know-for-2014-13445- article.html%20 http://mashable.com/2013/11/03/top- talent-tech/ http://www.aberdeen.com/ http://www.networkworld.com/ news/2013/111213-sim-budget-salary- headcount-growth-275841.html http://www.bayerus.com/News/ NewsDetail.aspx?ID=DCF6FAS59- C9B5-2F14-A7AB69927FB04BOB http://www.bullhorn.com/sites/default/ files/na_trends_report_2013.pdf http://www.staffingindustry.com/eng. Research-Publications/Publications/ CW-3.0/October-16-2013/Will-the- Affordable-Care-Act-Impact-Hiring design by shamgar-tracts.com

How to Grow Your Staffing Firm in 2014

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If you want to successfully grow your business, there are key factors you have to focus on like investing in human capital, embracing new technologies, living up to client expectations and so on. This...

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