26.2 Percent of Jobs Created in 2010 are Temporary
In 2010, 26.2 percent of all the jobs created by the private sector have been temporary positions. Following the recession of the early 1990s, only 10.9 percent of new jobs were temporary, reports The New York Times.
It's no surprise, a growing number of Americans are adjusting to working at temporary jobs or as free agent as the new normal -- at least for the time being. They recognize, as Dr. Allen Sinai of Decision Economics points out, that a structural change seems to be occurring in how work is getting done.
Burnt by the severity of the downtown, employers are hesitant to hire manpower for full-time permanent positions. This reluctance could become a broad-based "best practice" in many organizations. In addition, there are significant cost savings in not providing the traditional benefits associated with permanent positions.
Temporary workers usually purchase their own health care insurance and create their own retirement plans. Moreover, given global supply chains, more tasks are performed as short-term projects rather than ongoing standing orders. Recruiting temporary manpower fits the bill, in relation to these trends.
A whole niche industry has emerged to link employers and free agents. Websites such as oDesk and eLance have emerged as ways to connect freelancers with projects needing manpower. In addition, more short-term opportunities are listed online.