May 2019 job numbers were disappointing for industry watchers, but there’s still good news for job seekers as demand continues to outstrip supply. It’s an employees’ market and employers are changing their expectations in response.
For example, some companies are waiving previously strict requirements for a college degree in exchange for experience and transferable skills. The same is true for employers who are widening their talent pools to include contingent workers as part of their hiring strategy.
Bob Lopes, president of Randstad Sourceright in North America, says that “employers that may be hesitant to hire full-time workers have maintained, and even increased, revenue by onboarding temporary workers. Incorporating part-time or contract workers can help businesses endure market fluctuations and remain more agile.”
Get additional insights on recent job market and labor trends in HR Technologist here. You can also learn more about incorporating contingent talent in your workforce, and other integrated talent strategies, in our Integrated Talent Playbook.
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