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Staffing Companies Can Be Canaries for Economic Boom!
I read an interesting article in a Connecticut Business Journal that attempted to prove the point that when companies start to hire more temporary workers, it is an indicator that the economy is recovering. While companies are still gun shy about hiring full time employees during uncertain financial times, when business starts to pick up and there is work to be done, they call in the temps. When the work continues to grow and proves sustainable then they will hire these temps to full time positions.
So in this recession, when we see more temps being hired “rejoice for your deliverance is near!”
What have you seen in your experience in the staffing industry? Do you agree with this theory? Do you see temp placements growing now or feel we are still a long way off from seeing a light at the end of the tunnel?
They say that the life span of accounting software is about 7-10 years and many companies upgraded to their current system to prepare for Y2K. So right now many people are overdue for a change and limping along on old technology, just waiting for a “sign” that the economy is getting better. I personally believe that when the economy does show signs of stabilizing there will be a flood of activity for accounting software buyers. That will be the barometer that we use here at CAL Business Solutions!
