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June 22, 2005
Kelly Services Study Finds 'Free Agent' Workers More Satisfied, Less Stressed Than Traditionally Employed Counterparts
TROY, Mich., June 22 /PRNewswire-FirstCall/ -- A
recent study of American
workers points to a developing trend in which
traditional employment --
defined as being directly employed by a company or
firm -- appears to be
increasingly sharing the workplace spotlight with
the flexibility, personal
convenience and personal satisfaction offered by
"free agent" and
entrepreneurial lifestyles.
Free agents -- individuals who freelance, work on a contract
or temporary
basis, act as independent consultants, or
business-owning entrepreneurs -- now
make up about 22 percent of the total U.S.
workforce, estimated currently at
about 148 million civilian workers. According
to the research by Kelly
Services, more than 87 percent of surveyed workers
defined as free agents are
"extremely or somewhat satisfied" with their current
overall employment
situation.
"The combination of several workplace trends -- including
shortened job
cycles, the increase of project work, the acceptance
of a new lifestyle and
the emergence of the Internet and other technology
-- points to this trend of
free agent workers becoming much more prevalent and
more of an employment norm
in the coming years," said Carl Camden, chief
operating officer of Kelly
Services, Inc. "The 'myth' of lifetime
employment has touched all segments of
the work force, and while this study points to
several conclusions, it most
notably tracks that satisfaction, compensation and a
life-work balance can
actually be higher for those who choose a free agent
path."
According to the data, traditional employees are generally
less positive
than free agents about their employment situation
with respect to the
following variables:
- Opportunities to expand their skill sets
- Annual earnings
- Formal training provided
- Work-life balance
- Stress
- Opportunities to grow and learn in the past year
In turn, and perhaps as a result, traditional employees are
significantly
less committed and loyal to their respective
employers.
"Traditional employees are generally carrying a heavier
workload than they
would prefer, and many report job strain and stress
as an area of considerable
discontent," Camden added. "Likewise,
traditional employees fare less well
than free agents when it comes to receiving personal
gratification and
recognition in their jobs, as well as growth
opportunities."
Among the broad cross-section of all groups that Kelly
Services studied --
which included currently employed workers, retiring
workers, those recently
retired, workers re-entering the workforce after
retirement, as well as the
unemployed or those seeking employment -- the top
three factors that workers
would change if they could are:
- Less stress, better work-life balance
- Improved relationship with company management
- Job security and assurance of continued work
"A dramatic shift has taken place in the last five to 10
years with regard
to more individuals seeking and sustaining
independent work lifestyles," said
Camden. "Reduced full-time employee work forces, a
move toward outsourcing and
an overall emphasis on reducing fixed personnel
costs have created a new niche
in the workplace. Free agents make up the
fastest-growing segment of workers
in America, with rapid international growth as well.
These individuals are
generally very satisfied in their jobs, satisfied
with their compensation --
often finding they can make more working on a
contract or temporary basis --
and seem to want to fit their work into their
lifestyle rather than fitting
their lifestyle into their work."
Other key findings of the Kelly Services study:
- Demonstrating how encouraging feedback can positively
impact job
perspective and employees' stated loyalty,
significantly more free
agents and entrepreneurs (58 percent)recall
receiving "recognition for
good work" within the past seven days,
compared with just 38 percent of
traditional employees.
- Although most employees (75 percent) consider
themselves "committed and
loyal to their employer," more than four in
10 (43 to 47 percent)
indicate some likelihood to switch
companies in order to advance their
careers, expand their skills and/or improve
their compensation package.
- Illustrating the importance of distance and commute,
most people
(77 percent) work within 30 minutes'
driving distance from their home.
More than 40 percent of all free agent
workers actually work out of
their homes, compared to just two percent
of traditional workers.
- U.S. workers identify many aspects of their job as
important to them.
However, the top three items workers
consider to be "crucial to
impacting their decision to stay or
consider another job" are "more
challenging, rewarding work and advancement
opportunities"
(21 percent); "healthcare benefits" (14
percent); and "job security,
assurance of continued work" (13 percent).
- The Midwest and Northeast count a significantly
higher percentage of
workers in the traditional employee
category, while the Westyields a
significantly higher proportion of
independently employed workers (free
agents and entrepreneurs).
- Reflecting positively on the integrity and value
system of the general
public (and perhaps a remnant of recent
corporate scandals), a
company's ethical standards and practices
are the most important
determinant of satisfaction with one's
current overall employment
situation.
About Kelly Services, Inc.
Kelly Services, Inc. (Nasdaq:
KELYA, KELYB) is a Fortune 500 company
headquartered in Troy, Mich., offering staffing
solutions that include
temporary staffing services, staff leasing,
outsourcing, vendor on-site and
full-time placement. Kelly owns and operates nearly
2,600 offices in
27 countries. Kelly provides employment to more than
700,000 employees
annually, with skills including office services,
accounting, engineering,
information technology, law, science, marketing,
light industrial, education,
health care and home care. Revenue in 2004 was $4.98
billion.
Visit http://www.kellyservices.com.
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