Drastic Improvements in Staffing Industry - Nimble Accounting


Posted March 10, 2016 by helensarah999

Try Nimble Accounting and saves your staffing business accounting time. Which gives an accurate financial statements belonging to your accounting for staffing agencies. Visit our website.

 
The staffing, recruiting, and workforce solutions industry makes large contribution to the U.S. economy, and provides outstanding job and career opportunities for around 14 million employees per year.

Staffing Agencies:
Many organizations depends on staffing organizations, to hire employees to achieve workforce flexibility and access to talent. In U.S., there are about 17,000 staffing agencies, which altogether operate around 35,000 offices.

Staffing Employees:
More than three million temporary and contract employees work for America’s staffing companies during an average week.
During the course of a year, America’s staffing companies hire more than 14 million temporary and contract employees.
Improvements of staffing Industry over the years:
Companies are hiring around new staffing models that better address the work preferences of the American workforce and are seeing positive results from it. Professionals are motivated to gain new work experience and try a different career path, which has led to many positive life changes.

Unemployment: Slowly Declining:
The U.S. Bureau of Labor Statistics counts a person as unemployed if he or she does not have a job, has actively looked for work in the past four weeks, and is currently available for work.
Even the healthiest economy will have some level of unemployment. Determining the low end of sustainable unemployment within the slowly recovering economy has been challenging, and that level has also changed over time. Estimates suggest that the long-run normal level of sustainable unemployment ranges from 5% to 6%.

Growth in Staffing and Recruiting:
Historically, staffing employment has been a coincident economic indicator and a leading employment indicator. What that means is staffing employment trends coincide with economic trends (as measured by GDP) and occur in advance of overall employment trends.
Recovered Temporary and Contract Jobs:
Staffing employment in the U.S. returned to prerecession levels in 2014, rising from a low of 2.2 million jobs per week on average in 2009, up to 3.2 million in 2014, according to the Staffing Employment and Sales Survey. Staffing firms hired 5.4% more temporary and contract workers on an average weekly basis in 2014 than in 2013.

Staffing Industry Overview
Staffing industry is a progressive change element for US economy, which is most preferred by companies, since they strive for strategic growth both near- and long-term. In fact, from July 2009 to July 2011, the U.S. staffing industry led the way in job creation, topping the numbers of all other industries. Search and placement sales increased by nearly 23 percent in 2010, and there is a lot of growing yet to be done. The Bureau of Labor Statistics listed employment services as a top 10 industry for wage and salary employment growth between 2008 and 2018.The science behind this positive growth of the professional staffing industry lies with its long history of economic shifts.

Nimble Accounting for staffing industry:
With the drastic changes the staffing industry is adopting to automated applications which helps to ease their back office works. Nimble application is designed for staffing agencies to support with the financial activities to automate the process. Each transaction can be done, tracked and verified with this software. Ledgers, balance sheet, P&L accounts, bank related transactions, checks, analytics, timely reports, alerts, notifications are provided with this tool for easy access.

Try Nimble Accounting and saves your staffing business accounting time. Which gives an accurate financial statements belonging to your accounting for staffing agencies. Visit our website http://staffing.nimbleaccounting.com/
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Issued By helensarah999
Website Drastic Improvements in Staffing Industry - Nimble Accounting
Country United States
Categories Accounting
Tags accounting for staffing
Last Updated March 10, 2016