Staffing Scenario for 2012 | DCR Workforce Blog

Staffing Scenario for 2012

‘People of Earth, your attention, please. As you will no doubt be aware, the plans for development of the outlying regions of the Galaxy require the building of a hyperspatial express route through your star system. And regrettably, your planet is one of those scheduled for demolition. The process will take slightly less than two of your Earth minutes. Thank you.’ – says Prostetnic Vogon Jeltz of the Galactic Hyperspace Planning Council in the Hitchhiker’s Guide to the Galaxy.

According to many doomsday predictions, 2012 is the Year of the Apocalypse, which according to the Mayan calendar and many others, brings us to the end of the world! In case, you have never heard of this before, do accept my apologies for being the bearer of bad news and desist from sending me to an untimely end like the Greeks!  Then I like to take heart in what Thomas Merton said, “When you expect the world to end at any moment, you know there is no need to hurry. You take your time; you do your work well.

Therefore, here is to an exceptionally brilliant year of achievement and success and a fulfillment of the all the predictions of a recovery (amidst some whispers of a looming recession or mildly negative growth.) According to the results of surveys by the Bureau of Labor Statistics as well as the Staffing Industry Analysts, the general economy is doing well and employment numbers are looking up with all the leading indicators of growth being clearly present and visible. Unemployment claims have seen a significant reduction and the best news of all is that this growth is evident in every single state and is not isolated to a few! Though government is trying to reduce the headcount, private employment is seeing growth. The number of discouraged workers has come down by 373000 from this time last year. Use of temporary help has seen a negative growth by 7.5K but it could be seasonal and not predictive as the same phenomenon occurred in Dec 2010 also. Interestingly, there was no corresponding drop in revenues for the segment. The employment levels of College graduates jumped to 94% from a previous 83% while more women are re-entering the workforce. The cherry on top of the icing is added when the survey shows that candidates’ willingness to relocate has come down from 49% to 44%!

Some Observations:

Some strictly ordinary predictions carrying no doomsday implications have been made from the various surveys and other data, as detailed here:

  • Skilled workers are always more in demand and the fact the college graduates are facing significantly lower employment reinforces this opinion.
  • Growth has been forecast for Energy, Chemical, Hospitality, Retail, Finance & Insurance, Transport, Logistics, industrial employment and forensic accounting.
  • The legal profession is seeing bleak times with more legal work being outsourced to cheaper locations.
  • CareerBuilder’s forecast says the number of employers planning to hire stands at 23%, which was the same last year too. 43% of employers were worried of facing employee turnover which is another way of testifying to the positive outlook.
  • Employers continue to play it safe on consumer demand and economic recovery by hiring temporary and contingent workers rather than full-time employees. However, the use of independent contractors has seen a negative growth by 30%.

“This is the way the world ends – Not with a bang but a whimper.” If T.S. Eliot were here, I would definitely ask him –“Were you possibly there in one of them before? How could you probably know? You got me really confused because someone else says there would only be ghastly silence.”  In the meantime, let us leave off all speculation and  just go ahead with our lives taking a practical approach and discuss the predictions for the use of contingent workforce in 2012 and beyond – which has clear links to growth of the general economy – in our next post.


Disclaimer:
The content on this blog is for informational purposes only and cannot be construed as specific legal advice or as a substitute for competent legal advice. They reflect the opinions of DCR Workforce and may not reflect the opinions of any individual attorney. Do contact an attorney for advice specific to your issue or problem.
Lalita is a people/project manager with extensive experience in operations, HCM and training and development across industries like banking, education, business consulting, BPO and information technology. She believes in a dynamic approach to life and learning as change is the only constant.