Insight on Part Time Employment Trend in the United States
A look at Part Time Employment Trend
as a potential Staffing Opportunity
**Fitting Spot
Staffing Services
By Shilpa Bhadsavle
UW Data Visualization Certificate Program
Final Project, Aug 2015
**Company Name Fictitious
Part Time Employment is increasing in the United States,
possibly because of the Affordable Care Act mandate
34 hr. per week or less
Can we explore Data on Part Timers as a potential
– ‘Niche Market’ - for staffing skilled workers?
Can we find out what will be a cost to employers per hour
worked by part time employees?
Can we rank the regions in the US by their share of total US
wages?
Overview
Google, Indeed Search term Trends
Bureau of Labor Statistics (BLS)
Bureau of Economic Analysis
National Bureau of Economic Research (NBER)
What data will be useful?
Look at National Trend up to 2015
Current Data on Part Time Workers
Compare Compensation costs for hiring Part Time vs Full
Time (use most current data)
Locate regions showing job gains
Create a story point recommendation
Use Cases
Personas
Name: Janet Burke
Age: 54
Occupation: Home goods Retail Worker, Brickford Retail
Goals: Wants to pay off her mortgage and save for retirement
Hobby: Birdwatching
Name: Chris Athanas
Age: 28
Occupation: Graduate Assistant, School of Geodesy, Parsons College
Goals: Start a community garden in inner city
Hobby: Creates mobile apps, loves to ride bicycle
Name: Monica Garcia
Age: 46
Occupation: Dental Hygienist, San Diego Dental Group
Goals: Wants to be a soccer coach, Plan for her Mother’s Nursing home, Visit Portugal
Hobby: No time for hobbies, Keep clean home.
Part Time Workers Vary In Skill Levels, Education Levels, and
Age Group….
Will They Use Staffing Service?
****All personas are fictitious, created with images freely available on the web
Historic Full Time or Part-
Time Trend
Cost to Employers per hour
worked by employees
Current Growth areas (last
10 years) by rank and %
Growth of employment in
those areas.
Goal KPIs
Come up with
Employment Sectors to
target as a potential
staffing market, where cost
to clients can be kept low
Locate regions where
those target sectors are
growing to know where
skilled workers are
Is Part Time employment expected to grow?
Answer: It is likely to stay high; not recover to pre-recession level
So… What is the current (2014-2015) composition of a typical Part Time Worker?
Answer: They are mostly Women who earn a tad bit higher than Men!
They are mostly White, but in terms of earnings, Asians and Hispanics are
catching up.
Age 25 and over dominate in numbers and earnings among Part Time workers
What is the biggest cost in hiring part time worker Vs. hiring full time worker?
Answer: Its the legally required benefits; not insurance
Source: March 2015 BLS. (http://www.bls.gov/news.release/ecec.t11.htm)
What sectors should be used as Target for staffing?
As per U.S. Bureau of Labor Statistics report,
employer costs for employee compensation
averaged $33.49 per hour worked in March
2015, the Wages and salaries averaged $22.88
per hour worked and accounted for 68.3% of
these costs, while benefits averaged $10.61 and
accounted for the remaining 31.7%.
If current data on part time workers show wages
and benefits more than target wages and
benefits, then those sectors can be used for
staffing.
**** These numbers vary slightly by region
Full Time Vs Part Time For Management Professions
% Cost: Full Time Benefits &
Wages
% Cost: Part Time Benefits &
Wages
Full Time Vs Part Time For Office and Administration Professions
% Cost for Full Time Benefits & Wages % Cost for Part Time Benefits & Wages
Full Time Vs Part Time For Production Transport and Material Moving Professions
% Cost for Full Time Benefits & Wages % Cost for Part Time Benefits & Wages
Full Time Vs Part Time For Professional Services and Related Services Professions
% cost for Full Time Benefits & Wages % cost for Part Time Benefits & Wages
Full Time Vs Part Time For Sales and Office Administration Professions
% Cost for Full Time Benefits & Wages % Cost for Part Time Benefits & Wages
So… What regions show large share of wages in the United States?
Answer: They are Southeast and Mideast.
Are Southeast and Mideast regions also showing growing trend?
Answer: Actually, Southwest is gaining jobs and growing, followed by Far West.
Growth in Southeast and other regions is a bit flat or slowing.
Conclusion
Fitting Spot has an opportunity to open a
staffing service in sectors that have
Management, Professional, or Sales part
time jobs in companies (that are small
enough that they do not need to
comply with ACA mandate, and yet
pay industry standard wages in these
sectors).
Such a service is likely to find talent in
Southwest and Far West regions for
staffing service.
Notas del editor
Look at National trend,
then drill down to most recent data on wages and industry sectors of employment for Salaried Workers.
Compare where the costs are to the employer for hiring workers by comparing most recent data source.
Also look at where the staffing agency is likely to find great workers by comparing geography.
This will be a story point dashboard. It will create a recommendation.