Hiring in June & other workforce news with Beeline

Once again, we’re here for the Beeline weekly roundup. We scope out industry headlines and trends each week, so that you stay informed about what’s happening in the temporary workforce world.

This week…

Hiring Booms in June as Economy Speeds Up (via Market Watch)
The Bureau of Labor Statistics released their July economic situation last week. It was revealed that 288,000 jobs were added in June, which is the fifth consecutive month in which there have been more than 200,000 jobs added to the U.S. market. The last time this happened was in 1999. Because of the large growth, the unemployment rate also dropped 0.2 percentage points, now resting at 6.1 percent. This is good news, as the unemployment rate has officially exceeded the Fed’s year-end prediction just halfway through the year.

US Adds 10,100 Temporary Jobs; Penetration Rate Hits New High (via Staffing Industry Analysts)
The Temporary Help Services Sub-Sector added 10,100 jobs in June, which means that there are now almost 2.9 million temporary workers in the U.S. labor force. The temporary penetration rate, which is the percentage of temporary jobs in total employment, is now at 2.0677 percent, a new record high for the rate.

Procurement Outsourcing Market Sees 12 percent Growth for 2013 (via Shared Services Link)
The year 2013 was good for end-to-end procurement process outsourcing, according to Everest Group. They recorded notable growth of 12 percent for the year. The Procurement Outsourcing Annual Report 2014: Expanding New Horizons paper has predicted an additional 10to 12 percent growth for 2014, as well as contract size increases. Everest claims that the rise of value-added procurement outsourcing has allowed organizations to examine new dimensions to potential partners in outsourcing.

That’s it for this week. Be sure to bookmark the Beeline blog to stay informed about the industry trends and findings. We hope everyone has a great 4th of July weekend!

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Monthly Temporary Workforce Report

This month, the Bureau of Labor Statistics released their monthly economic report, touting the current hiring situation and health of the economy. This report showed that the United States added 217,000 positions to the overall labor force in May 2014. Because this number was fairly lackluster compared to last year’s report, the unemployment rate remained stagnant, sitting at 6.3 percent.

What about Temporary Help Services?

Temporary Help Services, a sub-sector of Professional and Business Services, saw significant boosts upward at the beginning of 2014 and continued to chug along splendidly into the second quarter of the year.

This month, temporary health services saw moderate growth, adding an additional 14,300 jobs to the already strong sub-sector. Since last year, temporary help services added 224,000 jobs to the U.S. economy. Currently, we have almost 2.9 million temporary workers in the United States.

Temporary Penetration Rate still strong

May’s Temporary Employment Penetration Rate is still high, sitting at 2.065 percent, according to the BLS. With the upkeep of the temporary employment penetration rate and a record reliance on temporary employees in the United States, staffing companies are seeing strong results.

Staffing companies accounted for 2.06 percent of non-farm payrolls in May. The percentage rose for the 19th time in the past 20 months, with October 2013 being the only exception. This could be pointed back to last year’s government shutdown.

Noteworthy: BLS Revisions of May’s Report

In this month’s report, the BLS noted minor revisions regarding May’s report. Prior to revision, May reported the addition of 288,000 jobs in April, however it has since been changed to 282,000. The temporary employment penetration rate, originally reported at 2.065 percent was since revised at 2.058 percent.

Be Involved: What are your thoughts about June’s report?

Do you think temporary hiring will keep up the momentum through the rest of 2014? What do you think July will reveal with the start of temporary employment for the summertime? Share your thoughts with us in the comments section below!

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The Right VMS Provider will offer the best Data Security for your organizationIt is no secret – everyone is concerned about data security these days. In our personal lives, we worry about whether it is safe to use our debit cards as we shop and dine. What if a retail store’s database is hacked? Did someone install a fake card swipe machine on the gas pump I just used? Will the wait staff steal my debit card number when they walk away with my check? Is it safe to use my credit card on this website?

In our professional lives, the need for data security is even greater. In addition to worrying about our own data, we must ensure the safety of our clients’ data. Imagine that you run a technology company that is responsible for delivering content in a timely, secure manner to hundreds of clients. In this case, you’re worried about the plethora of data that can be compromised for the Fortune 500 and Global 1000 organizations relying on you to keep their data secure. It is a lot of responsibility, but an important challenge to embrace.

While everyone is concerned about data security issues (as they should be), they often forget about our overwhelming reliance on the technology itself. While we hope our credit card information isn’t stolen at the store, we still expect the store to accept credit cards and have safeguards in place to protect our information. While we certainly don’t want our cell phones stolen, we still expect our service providers to keep the towers up and running. (In fact, we often suffer from stronger heart palpitations when we don’t have the signal we need to check our email than we would if the device itself simply went missing.) The bottom line is that we rely on both security and uptime – all the time. And so do our clients.  [click to continue…]

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Google Diversity Data & Other Workforce Industry News with Beeline

We hope you had a wonderful Memorial Day weekend and short work week! What did you miss in the workforce over the last two weeks? Don’t worry; our weekly roundup has you covered!

In the industry…

Task-to-Talent: Freelancing as an Extension of the Contingent Workforce (The Staffing Stream)
There is a shift among workers and businesses toward implementing a contingent workforce style and that seems to be accelerating month over month thanks to programs and models like task-to-talent. The Staffing Stream takes a closer look at the supply and demand sides to the contingent workforce’s task-to-talent model.

CWM Technology Update: Q1/Q2, 2014 (via CPO Rising)
Christopher Dwyer presented the latest edition of CPO Rising’s Contingent Workforce Management (CWM) technology and solution update. This update highlights noteworthy news across the technology provider marketplace. Acquisitions, mergers and awards are all included in this update. CPO Rising touted Beeline for our announcement regarding the opening of our new data center in Switzerland. The data center is going to support the security and confidentiality needs of our European-based enterprises and clients.

Google Releases Diversity Data, Reveals Majority of Workforce is White & Male (via WJLA)
This week, Google published its first internal-diversity report. With this Google diversity data, they revealed that their company is predominantly white men – 70 percent men and 60 percent white. The search engine giant said that their transparency is going to be an important step toward change in Silicon Valley and the technology sector. Google has been working toward diversity in their company and the tech sector as a whole. In fact, they’ve donated $40 million in the last four years toward computer science education for women and girls. Many are admiring Google for their steps in the right direction and their transparency about their current lack of diversity in their U.S. workforce.

That’s it for this week. Be sure to bookmark the Beeline blog to stay informed about the industry trends and findings. We hope everyone has a great weekend!

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Beeline at the CWS Summit in London May 13-14

by Sly de Keijzer on May 22, 2014

CWS Summit in LondonThe Contingent Workforce Strategies (CWS) Summit in London is an event created by Staffing Industry Analysts for corporate buyers and contingent workforce managers. This annual conference focuses on optimising the management of flexible workforce programmes through a variety of in-depth sessions. The day before the Summit, the Beeline team attended the Meeting of the Minds debate. This was followed by two days of networking, roundtable discussions, keynote sessions, and social events. Beeline was honoured to join clients, partners, and industry analysts at this important event.  [click to continue…]

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Procurement Salary Benchmarking

A lot happens each week in the workforce industry, which is why we bring you our Beeline Weekly Roundup. Our goal is to keep you informed on happenings in the industry.

Last week in the industry…

Three Tactical CWM Capabilities that Matter (via CPO Rising)
Enterprises cannot ignore the tactical measures that effectively managed contingent labor for years. Findings from the State of Contingent Workforce Management research study revealed that it’s imperative for companies to keep an eye on the future by leveraging next-gen strategies; however, classic strategies must also be implemented and woven into the new plan, too. Christopher Dwyer identifies three tactical capabilities that matter for contingent workforce management success.

Uncovering the Crown Jewels of Procurement Salary Benchmarking in ISM’s 2014 Salary Survey (via Spend Matters)
The Institute for Supply Management (ISM) released it’s annual salary survey last week, which contained some interesting and eye-opening findings. Salaries have decreased two percent from 2012 to 2013, with containment labor expenses likely the major factor. Supply Management is leading the way for career paths with great salaries, but tenure, education, and credentialing all lead to ultimate rises in salaries across all industries.

Sell your Program to Solve a Problem; Success Follows (via Staffing Industry Analysts)
In order to be a successful program manager in the contingent workforce space, you must be customer focused. The customer could play two important roles – internal stakeholder or external client – and neither should be neglected or ignored. If we assume that contingent workforce management is more of a “sales role,” this article covers strategies and tips to apply for your program success.

That’s it for this week. Be sure to bookmark the Beeline blog to stay informed about the industry trends and findings. We hope everyone has a great week!

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