Jan is considering starting a temporary help agency. Why might this be a good business to start?

The trend toward hiring temporary workers is up.

Unemployment is fairly high.

More people than ever before want temporary work.

There is a shortage of skilled workers.

1 answer

Starting a temporary help agency could be a good business for several reasons, each of which reflects a current trend in the labor market:

  1. The trend toward hiring temporary workers is up: More companies are turning to temporary staffing to meet their fluctuating workforce needs. Businesses may prefer the flexibility that temp workers provide, allowing them to scale their workforce up or down quickly without the commitment of permanent hires.

  2. Unemployment is fairly high: During times of higher unemployment, more individuals may seek temporary work either out of necessity or as a stepping stone to permanent positions. This could increase the availability of candidates for Jan's agency and widen her potential client base.

  3. More people than ever before want temporary work: Changing attitudes toward work life balance, career flexibility, and gig economy opportunities have led to an increased interest in temporary and freelance positions. Many workers today value the ability to choose when and where they work, making a temporary agency a valuable resource.

  4. There is a shortage of skilled workers: Many industries are facing a shortage of skilled labor, making it challenging for companies to find qualified employees for permanent positions. A temporary help agency can assist companies by providing skilled temporary workers who can fill gaps quickly, allowing businesses to maintain operations while searching for long-term solutions.

Given these factors, starting a temporary help agency can meet a rising demand from both employers and job seekers, positioning Jan well in a responsive and potentially lucrative market.