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Many companies plan to hire temps in the second quarter

Posted on April 3rd, 2014 Read time: 1 minutes

A recent survey indicates 33 percent of respondents plan to hire contract workers or temps in the second quarter, which is relatively unchanged from last year's number of 32 percent, according to Staffing Industry Analysts. Of the number of companies that planned to hire temps, 26 percent of them planned on hiring some of those temporary workers for full-time work.

"While employment has not yet reached an ideal level, the U.S. is moving closer to the tipping point for substantial job growth," said Matt Ferguson, CEO of CareerBuilder.

According to the Bureau of Labor Statistics, unemployment remains relatively unchanged. The four-week average number of initial claims for unemployment insurance rose by only 250 in the week ending March 29. Total initial claims for unemployment stand at 326,000 for that week.

It is natural that companies are planning to hire temporary labor in the coming second quarter. With the jobs market remaining stagnant, many skilled workers are finding employment in the temporary staffing industry. These workers were laid off or have already retired and are looking for extra money. By tapping into this reserve of highly talented workers, companies can save money by avoiding costly insurance and tax obligations.

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