Remove 2020 Remove Financial Remove Retention Remove Staffing
article thumbnail

Understanding Staffing Turnover: Calculating and Reducing Turnover Rates for Staffing Agencies

COATS Staffing Software

Staffing agencies play a crucial role in matching employers with temporary employees who possess the necessary skills and expertise. However, one common challenge faced by staffing firms is turnover among their temporary workforce. The average tenure for staffing employment was 10.0 What does this mean for your staffing agency?

article thumbnail

Leisure and Hospitality Industry Talent Shortages

Broadleaf

The COVID-19 pandemic had a staggering impact on the hospitality industry, as travel, tourism, and dining all ground to a halt in 2020. More than two years later, the industry has begun to recover, but challenges remain, particularly in regard to staffing. Leisure and hospitality (L&H) employment is still 7.1 Travel Association.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The M&A Rebound

The Staffing Stream

The staffing industry today is receiving a lot of attention due to the so-called “Great Resignation” and the resulting focus on talent. Indeed, M&A activity in the broader staffing sector experienced a meaningful recovery in 2021 following a pandemic-driven reduction of about 25% in 2020, and we expect activity to remain strong this year.

article thumbnail

The Long-term Impact of Covid-19 on the Nursing Shortage

The Staffing Stream

As a nurse, and a healthcare staffing professional, I can say that the Covid-19 pandemic has been “unique.” Never before March 2020 had I seen the extremes as we have seen during this Covid-19 pandemic. Job satisfaction and retention. What will job satisfaction and employee retention look like six months to one year from now?

article thumbnail

No Signs of a Slowdown in Talent Demand

The Staffing Stream

Looking at some of the headline numbers for 2022, our data revealed that the number of job applications almost hit the 60million mark, albeit not quite the high of almost 64 million in 2020. That said, with energy prices starting to come down and inflation predicted to fall later in 2023, the financial pressures should start to diminish.

Tourism 74
article thumbnail

How Companies Are Investing in Their Employees

The Staffing Stream

In 2020, when employees were struggling to maintain job security, no one would have imagined that a year later it would be a job seeker’s market and employees would be leaving their current positions in droves. The effects of the Covid-19 pandemic are far-reaching, from how we communicate with friends and family to how and where we work.

article thumbnail

The IR35 reforms – 12 months and counting

The Staffing Stream

It became apparent through the 2020 “dry run” that waiting until the last moment to adopt changes because of the IR35 reforms was a terrible strategy. PREMIUM CONTENT: The UK Job Retention Scheme for Staffing Agencies. So, what should business do to make the most of the next 12 months? Design IR35 friendly practices.