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 BhadsavleUW Data Visualization Certificate ProgramFinal 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: J anet 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

So… How Is ‘Part Time’ trending anyway?

So… How Many Times ‘Part Time’ appeared on Job Opening Titles?

How have Part Time Workers worked historically?

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.