There may come a point in the life of your business that the prospects of growth, at least significant growth, in your home market are slim. When that happens, you may start exploring adding another office in a new market. By establishing a presence in a new geographic area, you can take advantage of previously […]
Having workers’ compensation coverage is necessary for staffing agencies, both to protect temporary employees in the event of an on-the-job injury or disability and to comply with regulatory requirements. Compliance in this area, however, comes with significant costs. In addition to penalties for failure to provide coverage, the cost of workers’ comp can be driven […]
Current market conditions, marked by low unemployment, favor staffing agencies. Last year, the staffing industry saw sales increase 4.4 percent, according to figures from the American Staffing Association. However, sales alone aren’t enough to guarantee success. To stay profitable, staffing firms need to keep their markup in mind as they pursue new business. Your agency’s […]
Payroll taxes and the administrative commitment needed to manage them are a necessary part of running your staffing agency. Firms can find themselves burdened with the many obligations required just to stay compliant and still know that they’re just one misstep away from a tax levy. As the employer of record, you’re required to file […]
If your staffing agency needs funding to grow, a bank is likely to be the first place you turn to. You may even have a relationship with a banking partner already, which can simplify your search. But traditional bank financing may not be your agency’s best or only option to fund growth. An established payroll […]
The new year is the perfect time to take a fresh look at your payroll funder. Maybe your business has grown, or you’ve added employees, or your needs have changed in other ways. If any changes have occurred, changing providers could save you money and help you be more productive in 2019. Here are 5 […]
Successfully meeting clients’ needs for qualified, reliable personnel takes planning, preparation and a certain amount of creativity. It’s even more challenging in a competitive, near-full job market. Here are seven tips for maintaining a steady flow of job candidates. Utilize technology. The latest talent acquisition technologies help staffing firms run smoothly by putting all the […]
From reviews on recruiting software to reports on market trends, payroll and labor management, the online staffing community is vying for your attention. Industry analysts and news sites can keep you abreast of trends. Personal blogs and stories “from the trenches” provide opportunities to network – and learn from your peers. So, where should you […]
Today’s executives now realize that talent can come from a variety of sources, not just in-house, full-time employees. The number of temps, freelancers, contractors and other nontraditional employees has officially expanded to more than a third of the global workforce, creating a new “gig economy,” according the 2016 survey and forecast conducted by Ardent Partners […]
Your staffing agency’s online reputation is money in the bank, the same as high-quality human capital, efficient operations and a roster of loyal client companies. Amid day-to-day business, however, your online reputation is easy to overlook. Here are five ways to make sure your online presence remains a clear, strong and appealing refection of your […]