Word: temp
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...Temp work is no longer just about the assembly line or order entry. More and more highly skilled professionals--Wingfield has an M.B.A. and 23 years of experience--are turning to temp agencies while they struggle with a tough labor market. These accomplished workers--lawyers, accountants, engineers, biochemists--make up the fastest-growing segment of the temporary work force and account for as much as a third of the business of large temp firms. That's helped lift temp agencies, which tend to do well in a recovering economy, as companies use them to dip a toe into the hiring...
...temp trend may be here to stay. The Bureau of Labor Statistics predicts that the staffing industry will add 1.8 million new jobs between 2002 and 2012, a 54% increase, with professional jobs growing 68%. Along with outsourcing and productivity-improving software, the rise in temporary hiring is one of the big structural shifts redefining the job market, according to a paper published by the Federal Reserve Bank of New York. By relying more on temps and contract workers in good times and bad, the report says, "all else equal, this approach yields a smaller permanent work force, more temporary...
...investors don't seem put out; the bank's stock is near a 52-week high. But how is the bank supposed to get business done with its boss on trial for six months?—By Charles P. Wallace Hiring And Firing Adecco, the Swiss-based world-leading temp-staffing firm, announced the resignation of its chief financial officer and its head of U.S. operations following the disclosure of accounting problems at its American arm. U.S. regulators are investigating...
This is life in Free-lance Nation, where an estimated 1 in 4 workers are cobbling together a living outside the bounds of full-time employment--either through contract work, part-time jobs, temp assignments or some combination of the three. The recession has led to an increase in what Jared Bernstein, a senior economist at the Economic Policy Institute, calls "involuntary entrepreneurs," people like Nieva-Woodgate, who would much prefer to have a full-time...
...staffing industry has become increasingly specialized, creating niche firms for temporary doctors, nurses, accountants, engineers, IT consultants, legislative aides, even personal assistants for celebrities. Despite such tailorization, the uncertainty and volatility for the individual temp workers remain. "You have no guarantee of tomorrow," says Allan Thompson, 48, a state-and local-tax specialist in Dayton, Ohio, who signed on with a temporary accounting-services firm this spring. "But people could arguably say there's no guarantee when you have a full-time job either...