How Will Low Unemployment Impact Your Business in 2019

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November 2018 saw the lowest unemployment rates in the U.S. since 1969 – but it isn't all good news. With less available workers to choose from than ever before, some companies are struggling to find the talent needed to fill their roster.

This is a challenge many companies, particularly newer startups, have never faced. If the low unemployment trend continues, your company could be affected in a variety of ways, including:

  • A lack of available talent.

    While a low unemployment rate is, generally speaking, a positive thing, it leaves an undeniable hole in the workforce moving forward. For some, the only solution is to seek relief through temporary employees.

  • Inability to retain employees.

    Companies are even more competitive when it comes to recruitment and retention when there are fewer workers on the market. Not only are they likely to increase things like pay or benefits as added incentive for joining their team, but they might actively pursue your top staff members and try to steal them away, too.

  • Difficulty meeting production goals.

    It's difficult to meet your regular production goals and deadlines when you can't even find qualified workers. In this case, your best solution is the temporary workforce.

Tapping Into the Temporary Workforce

The temporary workforce has a lot to offer companies that are struggling when it comes to recruiting employees, retaining top talent, and meeting production deadlines. Additionally, temp-to-hire employees are a great way to fill your current openings while preparing for the future. Primary benefits of the temporary workforce include:

  • Flexible staffing.

    Many temporary workers, including temp-to-hire recruits, are flexible to meet any deadlines or goals you have.

  • On-demand availability.

    While permanent workers are sometimes hard to find, we've built a large pool of talent you can call upon as needed.

  • Screening and training.

    In order to expedite the process, we offer pre-employment screening to all our recruits and, in some cases, comprehensive skills training.

Automation Personnel Services, Inc. can help you meet these needs in a variety of ways.

Whether you're struggling to meet your goals in electronics manufacturing or even if you just need some assistance with payroll services, we're here to meet your needs. Contact us today for more information!

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