Staffing agency financial trends for 2015

The good news is that 2015 is expected to offer more staffing agency opportunities than we’ve seen in a long while. Here’s a look at staffing agency funding, payroll financing and other trends you’ll see as we go deeper into 2015. You should consider payroll financing to protect cash flow. If you have to increase […]

Five tips for improving your payment processing system

Anything that can be done to streamline operations helps boost the productivity and profitability of your staffing agency. For example, if your payroll payment process is slow, clunky, overly complicated and regularly taking up too much valuable time to implement, it will adversely affect your clients, workers and the efficiency of your own people. From […]

How to protect your staffing firm from fraud through better hiring practices

Your reputation rests on the honesty of your talent. Your clients hold you responsible for the deeds or misdeeds of the talent you send them. You’re the gatekeeper, the bouncer at the door, and your staffing agency’s reputation depends on the behavior of the workers you send to your clients. Here’s how to be confident […]

Payroll factoring terminology: Important words to know

Payroll factoring is a relatively simple process. However, you may run into some terms that leave you scratching your head.   We’ve defined the most commonly used words and phrases to take you from payroll factoring zero to hero and help you decide on the best option for your staffing firm.   Accounts receivable – […]

TemPay payroll funding application FAQs

At TemPay, we often receive questions about our payroll funding services. Here, we answer your most frequently asked questions about the payroll factoring application process.   Do I have to pay a fee to get started or for you to process my application? No. We believe in being up front, and that means no hidden […]

How TemPay can help your staffing agency with payroll factoring

Payroll factors such as TemPay provide a service in which staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash. Your clients then pay the factor. This type of staffing agency finance allows you to manage your agency’s cash flow in an industry where employees and vendors are often paid weekly […]

TemPay Answers Your Top Client Questions

At TemPay, we receive questions about our payroll factoring services all the time. Here, we answer your top client questions. What type of businesses do you factor? TemPay’s main clientele is temporary staffing firms in any industry, including light industrial, administrative, information technology, construction, health care, legal, clerical and many others. We also provide factoring […]

How to Grow Your Staffing Agency With Payroll Funding

Staffing services continue to be in demand because, during an economic recovery, businesses are hesitant to hire full-time employees and instead are seeking a flexible, low-cost alternative. Staffing Industry Analysts reports staffing revenue in 2013 is expected to hit nearly $135 billion, exceeding prerecession revenue levels. Whether you’re starting a staffing agency or have been […]

Choosing a Source For Payroll Funding For Staffing Companies

Choosing a payroll funding source is much like choosing a pair of shoes: You need to try each one on to determine whether it’s the right fit, because all are not created equal. So how do you decide which firm is right for you?   Seek advice from your peers. Ask others in the industry […]

Temp Flexible Payroll Funding Not Just For Big Firms

One of the prevailing myths in the temporary staffing industry is that only large firms can receive payroll funding, and this is myth should be put to rest once and for all.   The truth Firms of all sizes and in all stages can receive temp flexible funding, whether you are just starting a temp […]