| A few years ago the world staffing market was hit by | | | | why it is also suggested by some industry insiders that |
| a tsunami called the recession. This resulted in job loss, | | | | one should not change a particular country in a hurry. |
| sacking, cost cutting, and a quick fall in recruitment. | | | | There are some countries in addition to the US that |
| Though there is still some hiring that is going on but it is | | | | have imposed some restrictions that are not doing any |
| happening in snails pace. According to the industry | | | | favor to the staffing business. Countries like Brazil, and |
| experts the staffing sector will still face some more | | | | China have imposed some regulations that make it |
| challenges before it finally gets better. | | | | quite difficult for staffing industries to make |
| Market watchers who are observing this trend in the | | | | recruitments there too soon. |
| staffing market are right now pointing out that the | | | | In these cases the only thing that can give somewhat |
| years 2009 and 2010 would find it a bit tough to make | | | | satisfactory result is negotiation. One can make an |
| too much recruitment. This may also put some | | | | effort to talk with these governments, which is, of |
| adverse affect on the finances of these companies. | | | | course, quite time consuming. |
| Right now the world staffing market is worth almost $ | | | | Another way of tackling this situation is to tap the |
| 300 billion. | | | | temporary staffing or flexi staffing market. This market |
| Now to counter this down trend and keep a steady | | | | was worth more than $ 120 billion in then year 2003. In |
| profit margin various staffing companies are meeting in | | | | the year 2007 only the US temporary market |
| various seminars and pondering over various ways to | | | | generated revenue of $ 91 billion. In this country about |
| tackle this problem. The thinkers involved with this | | | | 80.8 percent of staffing revenue comes from |
| industry are also trying to work out various strategies | | | | temporary staffing sector. |
| in order to handle the situation. | | | | But still this country has the largest staffing market. |
| One thing that has come out from all these sessions is | | | | Other countries that have quite a big market include |
| that staffing companies have to be patient and have | | | | the UK, and Japan. |
| to work out long term strategies. Though venturing into | | | | Thus only a tactical change can help the big staffing |
| other countries may sound lucrative and promising but | | | | industry to get back into profitability. |
| in the long run it may not give enough dividend. That is | | | | |