PRO Unlimited, the modern workforce management solutions provider, today announced its quarterly labor market report, which examines trends in the modern workforce (i.e. non-employees, contractors, consultants). The data is based on year-over-year comparisons across PRO's robust database of 30 billion data points and highlights key trends, such as hiring volume across titles and industries.
"With the expansion of remote work opportunities and a tightening of workforce supply, the battle for talent is top of mind for most business leaders, especially as new ways to attract talent are evolving and companies are expanding initiatives within technology and diversity, equity and inclusion," said Dustin Burgess, Senior Vice President - NorthStar HCM at PRO Unlimited. "Navigating this critical and highly complicated ecosphere requires access to current, relevant and reliable market data and a willingness to deploy new technologies and strategies to access and attract the right talent at the right time."
As the economy begins to emerge from the pandemic shutdowns and employment uncertainty, the landscape shows opportunities across all major skill categories in a still-volatile contingent labor marketplace. To help organizations better understand the current and future state of the market, PRO analyzed billions of data points for its latest Labor Market Report, comparing data before, during and "after" peak COVID, looking across industries, job titles, and hiring processes for trends and related insights.
Key observations and findings include:
According to PRO's analysis, below are some observations of the areas where the following types of organizations use their non-employee labor:
Rate Growth by Sector
Analyzing pay rates by sector in Q1 2021, technology pay rates had decreased for the first time since the pandemic occurred and healthcare rates were still on the rise. In Q2 2021, we see technology's pay rates staying at the same level as Q1 and healthcare pay rates returning to pre-pandemic levels.
Notable findings include:
PRO's report leverages actionable intelligence and insights culled from its aggregation, cleansing and anonymization of data across a variety of internal and external data sources, including hundreds of client programs globally.
You can learn more about the quarterly labor market findings by downloading the full PRO Unlimited report here.
About PRO Unlimited
Servicing hundreds of the world's most recognizable brands, PRO Unlimited offers modern workforce management and a partner ecosystem supported by data, software, intelligence and services to meet your flexible workforce needs. PRO's Modern Workforce Management Platform can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency and expertise to serve as the holistic platform for the modern workforce. Headquartered in San Francisco, PRO has helped global brands and organizations achieve operational and financial success for more than 30 years. For more information, visit https://prounlimited.com/ and follow the company on LinkedIn, Twitter and Facebook.
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