Semper Workforce Solutions has released the results from their third quarter survey of the printing and packaging industries. This industry-specific report reflected an overall drop in sales but projected growth year over year. This coincides with the bump in available talent and slow down on hiring.
“On our Semper job board, we are seeing layoffs in real-time while others are back in hiring mode,” shares Dave Regan, Semper International Co-Founder, and CEO. “We know that the labor market is a lagging economic indicator while flexible staffing is a leading indicator. This quarter’s survey only reinforces this.”
The data collected for each survey represents several industry categories: commercial printing, packaging, display and large format graphics, apparel and decorating, and others. Critical to this report is a commitment from contributors to provide steady consistent quarterly data. Semper’s objective is to provide information that is a balanced mix of geography, revenue, and company types.
Q3 2023 survey highlights include:
- Companies are still experiencing growth compared to last year, but at a moderated pace. This is understandable given current conditions. We are all starting to see price moderation after the torrid inflation rates.
- The big three concerns were the economy, retaining employees and increasing sales. Although these are not new issues, a more robust stream of talent coupled with projected business growth equals optimism for 2024.
- We are seeing, in real-time, companies hiring again but in a slower pace than in previous recent quarters. We also have an increase in employers asking for flexible staff for busy season and to handle the gap before permanent hires make business sense.
Our survey results give Semper a unique glimpse into the printing and packaging markets. The Semper Team leverages this data to facilitate the exchange of information and, at times, the exchange of physical items between entities. We honor our industry community with a commitment to maintain confidentiality, thereby earning the trust and confidence of participating businesses.
For those organizations who would like to be included in our Q4 2023 survey, reach out to email@example.com – questions will be available for data collection starting January 15th, 2024. Other questions about staffing and hiring can also be submitted via email or on the new Semper website https://semperllc.com/contact-us/.
SURVEY PARTICIPATION IS ENCOURAGED. SEMPER WILL MAKE A $5.00 CONTRIBUTION FOR EACH VALID SURVEY TO THE PRINT AND GRAPHICS SCHOLARSHIP FOUNDATION (PGSF).
PGSF is a not-for-profit, private industry-directed organization that offers technical school, undergraduate, and graduate fellowship assistance to men and women interested in a career in the graphic communications field.
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ABOUT SEMPER LLC
Semper was founded and is run by graphic arts and staffing professionals. Since 1994, Semper has provided staffing solutions for flexible, temporary, and permanent employment needs in print, copy, packaging, and prepress. Our efficient, reliable business model has helped transform how a wide range of print and graphics companies fill important roles or stretch production capacity.
Semper also helps clients expand into new areas and meet the demands of the digital age. As the print and graphics industry evolves and diversifies, Semper helps companies face the changes to come.
Jules VanSant, Partner
Bubble & Hatch