St. Louis Federal Reserve Bank President James Bullard expects the Federal unemployment rate to fall below 6% by the end of 2014. “We are in good shape for both growth and improvement in labor market,” he stated at a conference.
Consumer confidence rebounded in March as well. Then index currently stands at 82.3 up a full 4 points from February, 78.3. “Consumer confidence improved in March, as expectations for the short-term outlook bounced back from February’s decline,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “While consumers were moderately more upbeat about future job prospects and the overall economy,” continued Lynn.
With consumer confidence growing and unemployment predicted to fall what does this mean to you? Are you in a position to capture growth opportunities if the economy continues to improve? Do you have the staff in place to implement your growth strategy? These are questions that all business owners and management should be asking.
A Variable Workforce (VWF) may be your perfect solution. This allows your staff to ramp up or ramp down based on market demand. You can avoid internal layoffs through the flexibility of a VWF. By having a VWF in place when you are in a position to hire; you have highly trained employees from which to choose. During their time as a variable employee they are learning your company, processes, values and culture. When it comes to hire someone would you prefer someone with direct knowledge of your organization or someone off the street?
To find out more how to most effectively utilize a Variable Workforce contact Precision Staffing Services at 513-372-6020 or visit our site at www.precisionstaffingusa.com.