State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
June 08, 2010
Rise in Temporary and Contract Positions
While the outlook for jobs may be improving, U.S. employers seem to be hiring more temporary or contract workers over full-time employees who are entitled to benefits.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

With the national unemployment rate just under 10%, many unemployed workers are eager to find job placement. Young workers, especially those out of college, are among the anxious job applicants who tend to accept temporary placement.

"In 2005, the government estimated that 31% of U.S. workers were already so-called contingent workers. Experts say that number could increase to 40% or more in the next 10 years," according to CNN.

There are several reasons suspected of influencing this hiring trend:

  • Employers' want to limit their costs.
  • Younger workers don’t intend spend their career with a single employer, so they are not opposed to temporary positions. They also tend to not have as much job experience, something even a temporary position could provide them with.
  • Older workers who are eligible for Medicare are open to contract work because they do not have to rely on an employer for health coverage.
  • The new health care reform legislation will require employers to provide health benefits to employees, not independent contractors.

Recently, there have been efforts to protect workers from being misclassified as independent contractors by employers who want to avoid providing employee compensation and benefits packages. For more information, read:

Source:

CNNMoney

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Staffing-Training/Staffing-Recruiting/Rise-in-Temporary-and-Contract-Positions/