As the economy is still slow and global volatility continues, ManpowerGroup, a provider of work force solutions, recommends employers incorporate flexible work force models to remain competitive in the market.
This is especially important as the U.S. Bureau of Labor Statistics reported last week that the overall March jobless rate fell to 8.2 percent from 8.3 percent in February while the U.S. private sector added only 121,000 new jobs last month, ManpowerGroup maintains. The manufacturing, food and beverage, and health care industries added jobs, but the retail industry lost jobs in February.
“Last month’s weaker-than-expected numbers are certainly linked to fuel prices and sluggishness in Europe but do not reflect a steady demand trend,” says Jeffrey A. Joerres, ManpowerGroup chairman and CEO. “Last month’s weaker-than-expected numbers are certainly linked to the agility and cautiousness that companies are exercising. The increased fuel prices and sluggishness in Europe may be adding just enough concern for employers to take a pause in their hiring activity.
“Just as a financial planner would advise clients to diversify their portfolios, we recommend employers meet fluctuating demand by balancing their work forces with the right mix of talent – including permanent hires, temporary workers and part-time staff. A flexible work force enables companies to stay profitable as economic volatility persists in the U.S. and worldwide.”