24th January 2022

Boom time for agencies with freelancers, temps and permanent hires on a merry-go-round!

Recruitment

The impact of Covid and employment trends

It seems that the impacts of Covid over the last two years on the job market continue to manifest themselves. One particular strand is for workers to weigh up the pros and cons of Freelance or Temp Vs. Permanent Hire.

Complementary news stories, published only three days apart, on the popular temporary staff and contractor website Freelance Informer essentially showcased two trends that have become quite noteworthy.

This report, More Skilled Professionals To Enter Freelancing In 2022, focused on research around The Great Resignation, where employees that have rethought their work-life balance and opportunities are moving into freelancing and contracting.

On the other side, the story, Disgruntled Freelancers: Employers Have You On Their Radar, shows how employers and recruiters are looking to capitalise by driving the opposite movement of freelancers into permanent full, or part-time roles.

What freelancers, temps and permanent hires are thinking

Some of the key stats that indicate what many workers are thinking include:

With many having concerns over the highest inflation rate for 30 years and the cost of living crisis, it seems that job security, a decent wage and, of course, a strong degree of job flexibility, such as WFH, are key factors.

On the flipside, it seems that sectors such as design, marketing and computing/IT have the biggest proportion of freelance workers providing skilled services, and stands at 53%. This is an eight percent increase in the past two years, showing there is real appetite for greater career autonomy and self-determination over for how much money, where and who to work for.

One key takeaway from these trends is that for recruiters, it’s an interesting time. Overall there is a shortage of skilled labour, we can’t get away from that. However, the market remains very fluid with workers moving from freelance and contracting and into permanent roles, and vice versa.

This sort of worker movement means that the recruitment market is set for a boom time as some workers ride the merry-go-round from permanent to freelance and others go in the reverse direction.

RecTech that maximises agency bottom lines from ETZ

Whether we are in a boom time or not, it is vital that every business finds efficiency. Technology is pivotal to daily operations of recruitment businesses. However, technology can be a minefield, where poor decisions may cost you dear.

ETZ’s market leading timesheet, invoicing and payment solution lets recruitment agencies transform efficiency of back office processing. To find out more about how we simplify the complexity of RecTech for agencies like yours, call us on +61 (0) 405 458 821 or book a demo.



Download your free guide

7 smart ideas to grow your recruitment agency.

Download Now
Download your free guide

Latest Posts

Recruitment

CAGR of 9% predicted for contract or temporary staffing marketCAGR of 9% predicted for contract or temporary staffing market

2nd June 2023

Global temp and contract market to value $130 billion by 2030 For many businesses and organisations, the business case for...

Read more
AI, Recruitment

Is RecTech innovation and competitive advantage threatened by the EU’s AI Act?Is RecTech innovation and competitive advantage threatened by the EU’s AI Act?

26th May 2023

Regulation could stifle commercial development Most would agree that we cannot let technologies which herald great change be allowed to...

Read more
Recruitment

Focus on short term hiring as gig economy chimes with the timesFocus on short term hiring as gig economy chimes with the times

19th May 2023

Flexibility of matching resource with demand The latest employment data from some countries reflects that companies are not committing to...

Read more

See what ETZ could do for your agency with an online demo

Save hassle, time and money with our powerful software.

Book a Demo

Sign Up To Our Newsletter