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TRENDLINE
Contingent Worker Forecast and Supply Report
Paid Sick Leave: Productivity Lost or 6 Employee Satisfaction? Employment Projection in 2013 7
Big Data in the Workforce: Taming 8 the Data Beast is Crucial for Survival Methodology 14
Boundaries between extended workers and permanent employees have started to blur and likely will continue to do so ~David Gartside, Accenture
Ammu Warrier
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In 2012, the median usual weekly earnings of foreign-born full-time wage and salary workers were $625, as compared to $797 for native-born Americans. These lower wages lead to an easily employable population (16.1 percent of the U.S. civilian labor force population are foreign born), possibly leading to negative or slow growth of wages. Among the foreign-born workers, Asians had an unemployment rate of 5.7% in 2012, substantially lower than the rates for foreign-born blacks (11.1%), Hispanics (9.1%) and whites (7.1%). Among native-born Americans, the jobless rates for blacks (at 14.3%) were higher than the rate for Hispanics (11.5%), Asians (6.7%) and whites (6.6%).
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Temp workforce employment of high-skilled professions, such as doctors, lawyers and university professors, is also on the rise. According to Pam Tolbert, Chair of the Department of Organizational Behavior at Cornell University, the number of professionals employed on a contractual basis is rising. Adjunct professors teach and do research at one institution for years but are not eligible for tenure, a permanent position where a professor cannot lose his job for researching a contentious issue. Tolbert predicts that 40 to 50% of faculty at some institutions is now adjunct.
When people think of temp workers they think of blue collar, house cleaners, contractors, etc., but in fact the phenomenon is much more pervasive and growing ~Pam Tolbert, Cornell University.
In the healthcare industry, locum tenens (doctors who work through temp agencies) spending grew 7% to $2.1 billion from 2011 to 2012, according to Staffing Industry Analysts.
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It remains to be seen if other retailers will follow Wal-Marts lead in employing more temporary workers. According to Bureau of Labor Statistics reports, retail employment grew in May of 2013, with 28,000 jobs added, out of which 10,000 were in general merchandise stores.
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Asia-Pacific is expected to grow across all eight countries, despite India reporting its weakest forecast in eight years and Chinas outlook is also at its weakest since Q1 of 2010. Europe has a mixed employment sentiment, with southern Europe facing major employment challenges. Overall, uncertainty reigns in Europe, as the French economy slips into recession, with Sweden reporting its first negative forecast in four years, and Belgium is at its weakest in over three years. Greece, however, is showing signs of improvement for the fourth consecutive quarter, despite reporting negative hiring intentions, and the United Kingdom is cautiously optimistic with the strongest hiring report since Q3 2008. U.S. employers in all 50 states, Washington, D.C. and Puerto Rico have reported positive hiring plans.
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About one-third of all workers do not have access to paid sick days ~U.S. Bureau of Labor Statistics
Currently, there are no federal legal requirements for paid sick leave. For companies subject to the Family and Medical Leave Act (FMLA), the Act does require unpaid sick leave however. FMLA provides for up to 12 weeks of unpaid leave for certain medical situations for either the employee or a member of the employees immediate family. In many instances, paid leave may be substituted for unpaid FMLA leave. Paid Sick Leave by Sector
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However, according to Eileen Appelbaum, senior economist at the Center for Economic and Policy Research, the offering of paid sick leaves is a one-time cost spike of 2 percent in payroll costs.
Many countries have had a national conversation around How do we make it possible for people to care for kids and the elderly and be productive employees? We are having a conversation in this country today that is 40 years overdue. The general attitude here when you say, My kid has a fever is: You took the job, you knew you had a kid, you figure out how to get here. ~Eileen Appelbaum, Center for Economic and Policy Research
According to Steve Wojcik, vice president of public policy for the National Business Group on Health, most large employers already have policies of generous paid leaves. He feels that making it legally mandatory is an unnecessary administrative burden.
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Big Data in the Workforce: Taming the Data Beast is Crucial for Survival
The application of big data in the workforce industry is gaining momentum as the gap between skills required and skills available increases, coupled with the global uncertainty in economic conditions and its impact on both employers and employees. With increased access to information sharing via social media and a growing number of job portals, the flow of information is more rapid, generating huge volumes of data. The HR function and the workforce industry, both of which are heavily dependent on skilled workers at a global level, are now starting to look actively at leveraging information regarding hiring and talent decisions from this large mass of data, which increases every day.
Big Data in the Workforce: Taming the Data Beast is Crucial for Survival
Where is Data Useful?
A more efficient and data-driven hiring process Positioning a company to find talent as needed Finding the right talent in any geography Determining wages Background verification through social media Optimizing the hiring turnaround time
Technology Profile
Among the different database systems that handle big data, the open source software framework, Hadoop is a leader for many reasons, including its computational paradigm (MapReduce) and exception distributed file system (HDFS). Hadoop copies multiple replicas of data blocks and distributes them on compute nodes throughout a cluster to enable a rapid and reliable computation of big data. Hadoop can handle all types of data from disparate systems structured, unstructured, pictures, audio files, email, log files, and more regardless of native format. In addition, Hadoop has a cost advantage compared to other providers as it is deployed on industry standard servers rather than expensive specialized systems. Hadoop has grown more rapidly than other big data application frameworks due to its usage by major companies such as Yahoo, Google and IBM, along with mid-level and small startups. Hadoops scalable, cost-effective, flexible, and fault-tolerant solution is already changing the dynamics of large scale computing
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Big Data in the Workforce: Taming the Data Beast is Crucial for Survival Job Trends for Big Data Application Companies
(Source: Indeed.com) A recently published Wikibon report, Big Data Vendor Revenue and Market Forecast, 2012-2017 lists over 60 big data vendors with a 2012 total revenue of over $11 billion. These are the top ten big data vendors that drive a hundred percent of their revenues from big data products and services.
(Source: Forbes) Trend Line: Contingent Worker Forecast and Supply Report. DCR. All Rights Reserved - 10
Methodology
Sources
http://www.bls.gov/news.release/forbrn.nr0.htm http://www.chicagotribune.com/business/breaking/chi-walmart-temporary-workers-20130613,0,4015060.story http://www.forbes.com/sites/brucejapsen/2012/05/15/demand-for-temporary-doctors-rises-amid-worsening-physician-shortageobamacare-looming/ http://www.theepochtimes.com/n3/93456-professional-temporary-workers-on-the-rise/ http://www.workforce.com/article/20130604/NEWS01/130609992/paid-sick-leave-solving-a-health-issue-or-another-burden-on# http://www.bls.gov/news.release/ebs2.t06.htm http://www.indeed.com/jobanalytics/jobtrends?q=Hadoop%2C+mangodb%2C+greenplum%2C+HBase%2C+cassandra&l= http://www.forbes.com/sites/gilpress/2013/02/22/top-ten-big-data-pure-plays/ http://profit.ndtv.com/news/economy/article-hiring-outlook-positive-in-us-weakens-in-india-survey-323252 http://www.bigdataconclave.com http://www.philly.com/philly/business/small_business/20130617_Businesses_are_hiring_again__but_cautiously__with_eye_on_ economy.html http://www.watchlistnews.com/2013/06/16/retail-hiring-picks-up-in-may-on-hound-com/ http://www.bls.gov/news.release/jolts.nr0.htm http://www.nytimes.com/2013/06/16/opinion/sunday/dont-blame-the-work-force.html?_r=0 http://www.ajc.com/weblogs/biz-beat/2013/jun/14/employers-looking-fill-38m-jobs/ http://www.cloudera.com/content/cloudera/en/why-cloudera/hadoop-and-big-data.html
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