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Labor Smart, Inc. Message Board

  • ahpinvestmentz ahpinvestmentz Jul 30, 2013 11:27 AM Flag

    Fox News - US companies increasingly turning to temporary workers to fill positions

    Hiring is exploding in the one corner of the U.S. economy where few want to be hired: Temporary work.

    From Wal-Mart to General Motors to PepsiCo, companies are increasingly turning to temps and to a much larger universe of freelancers, contract workers and consultants. Combined, these workers number nearly 17 million people who have only tenuous ties to the companies that pay them — about 12 percent of everyone with a job.

    Hiring is always healthy for an economy. Yet the rise in temp and contract work shows that many employers aren't willing to hire for the long run.

    The number of temps has jumped more than 50 percent since the recession ended four years ago to nearly 2.7 million — the most on government records dating to 1990. In no other sector has hiring come close.

    Driving the trend are lingering uncertainty about the economy and employers' desire for more flexibility in matching their payrolls to their revenue. Some employers have also sought to sidestep the new health care law's rule that they provide medical coverage for permanent workers. Last week, though, the Obama administration delayed that provision of the law for a year.

    http://www.foxnews.com/us/2013/07/08/us-companies-increasingly-turning-to-temporary-workers-to-fill-positions/

    Sentiment: Strong Buy

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