This Week's Herman Trend Alert

Nail-Painting Robot Coming
to a Salon Near You

 

  The Herman Trend Alert

June 25, 2003

Temp Solution Will Spread

Employers are caught in a difficult position. Since they must keep their payrolls under tight control, there are no extra people to assign to special projects. Under these circumstances, employers have several choices: Hire more people, ignore the opportunity, or contract the work to an outside firm.

Many companies hire temporary employees to fill in when regular employees are on vacation or when there is an unusual surge of business. As the economy improves, the temporary staffing business will increase significantly. Fearing that the economy will slow again, leaving them with inflated payrolls, employers will be hesitant to hire new regular employees.

Staffing of a company's core business is difficult to manage today and will be a balancing act for at least the next six months. But, what about aspects of the business that are not part of the central mission, yet still may need to be performed? Temporary help will fit here, too, using firms that specialize in specific types of work.

Employers will seek opportunities to use outside specialists. Taking inventory will be the responsibility of outside companies, even more than it is already. Shipping, building maintenance, landscaping, extra transportation of guests, special computer programming, and meeting management will be assigned to companies that can respond quickly, creatively, and at a modest cost.

Many corporations used to hold meetings to inform and motivate management, sales, and production employees. These meetings were often elaborate affairs at hotels, conference centers, and resorts. Professional speakers, entertainment, abundant food, and special gifts were standard components. As the economy slowed, corporate leaders tightened budgets by reducing or eliminating meetings---and the people responsible for their professional management.

As the economy picks up, companies will again want to host meetings, but won't have in-house staff to do planning and management. As companies rebuild, agile meeting professionals with experience will be tapped to assume these responsibilities. As employers look for interim support and, in some cases, new ways to manage meetings without adding more permanent staff, firms like Global Enterprises (www.geiaus.com) will see significant increases in business. Innovative approaches to meetings will earn considerable attention.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 1.336.210.3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

HEAR JOYCE SPEAK TOMORROW AT 11:30 AM EDT
Tomorrow morning, Joyce will be a Fireside Chat Speakers at the Brightside Business Women Empowerment Virtual Conference where she will talk about how business women can use the insights from her new, groundbreaking book, EXPERIENCE RULES, to be successful. Register for FREE at https://brightsideglobaltrade.org/women.

GET COACHING FOR YOUR PEOPLE FOR LESS THAN $1/DAY!
Gain access to dozens of coaches for the same low price. Find out more by visiting https://ingomu.com/joyceg

JOYCE IS ON THE RADIO EVERYDAY NOW
To listen to Joyce's TV shows on the radio, simply visit RadioFutures.com. Joyce's show is streaming every day at 3:00PM Pacific Time.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_3-29-2023.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home · About · Products · Resources · Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.