A new survey reveals that full-time hiring through the end of 2013 is expected to remain constant, while temporary and contract hiring is expected to continue its high levels of impressive growth.
The Harris Interactive survey, conducted on behalf of CareerBuilder and interviewing more than 2,000 hiring managers, reports that 44 percent of employers plan to hire full-time employees in the next six months, with 25 percent expecting to hire part-time (up 4 percent from last year) while contract worker hiring will jump 10 percent from 2012, rising to 31 percent.
Job growth across the country has partially spiked thanks to contract and temporary work, as it provides employers with a flexible and low-stakes way to find new employees. Businesses in volatile markets can use contract workers to protect themselves from foolhardy hiring practices, and can instead turn to staffing agencies to save money and ensure they're getting a high-quality and prepared employee. Contract workers who prove themselves can easily be hired into a full-time role by their employers, meaning the popularity of contract work can additionally lead to an overall increase in lasting hires.
"The projected surge in temporary hiring from July to December is evidence of both a growing confidence in the market and a recession-induced hesitation to immediately place more permanent hires on the books," CareerBuilder CEO Matt Ferguson said, adding that lingering doubts about the economy have prevented companies from entirely expanding their workforces. However, permanent hiring remains strong based on current numbers and will continue to improve over time, he said.
Good for workers, too
Temporary work doesn't just benefit employers; workers looking to switch industries or get back on their feet may find that contacting employment agencies is the way to go to find interesting or new work, helping them gain experience that'll be invaluable in the future in a permanent position. When 80 percent of workers in their twenties want to change their careers, and 53 percent report that they aren't engaged with their work at all, according to the Salt Lake City Deseret News, temporary work can become a quick stepping stone into a more fulfilling career.
Temporary work can also provide job growth in an uncertain economy, as 15 percent of all job growth nationally has been through its services. This means that when times are otherwise tough, temporary and contract work can help bolster the economy and reduce unemployment.