The travel nursing industry has faced significant challenges in recent years, particularly in relation to tax and pay issues. During the pandemic and shortly after, there was a huge need for healthcare workers, and travel nurses saw wages double or even triple. Now, many healthcare facilities and medical staffing firms are trying to normalize pay…
In the world of economics, a recession is a significant decline in economic activity that lasts for an extended period. When a recession hits, it can have a profound impact on various industries, including staffing firms. But what about addressing challenges after the recession is over and the economy is in recovery? Staffing agencies must…
What’s on everybody’s mind lately amidst inflation and uncertainty? A possible recession. What does that mean for staffing firms? During times of economic uncertainty, talent management becomes a critical component of organizational success. Recessions often lead to workforce reductions and budget constraints, making it challenging for companies to attract, retain, and develop top talent. However,…
Note: originally posted on Staffing Hub Staffing firm owners may be leaving critical funds on the table – potentially tens of thousands of dollars – all from not knowing these four words: Employee Retention Tax Credit (ERTC). Enacted as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in 2020, this tax…
Note: originally posted on The Staffing Stream The IRS recently ended Good Faith Transitional Relief for inaccurate or incomplete Affordable Care Act (ACA) reporting beginning tax year 2021. Translation: you could soon be facing increased penalties for ACA non-compliance. At the same time, the agency is facing funding and staffing issues and a massive pandemic-related…
Note: originally posted on The Staffing Stream When the pandemic first hit the US and business as usual came to a screeching halt, unemployment soared to extreme levels. Suddenly, a significant part of the population was relying on increased unemployment benefits and for longer than the typical 26 weeks. That extra money had to come…
Note: reposted from RecruitingDaily’s Use Case Podcast In episode 162 of the Use Case Podcast from Recruiting Daily, host William Tincup speaks to our own Jeremy Bilsky about how staffing firm owners make the business case or the use case for purchasing Advance Partners services. The conversation provides a great introduction to what we do…
Note: originally posted on Staffing Hub While the U.S. economic rebound has had its up and downs, the staffing industry continues to grow at a moderate pace. Staffing Industry Analysts predicts the staffing industry will grow 2.4% in 2024 to reach an industry value of $216.9 billion. There are many, many opportunities for staffing firms…
The phone finally stopped ringing, giving Brittney Hays a moment to breathe and reflect. Following a grueling year of pandemic-related starts and stops, business at her Tacoma, Washington, staffing firm was booming. Placements were up 230% in a matter of weeks with no sign of slowing down. Hays, the owner of South Sound Staffing, is…
If you’re contemplating a merger or acquisition as a way to supercharge your growth in 2021, it’s important to tread carefully, now more than ever. M&A activity is clearly on the upswing from staffing firm owners looking to take fast advantage of the emerging post-pandemic economy. While last year saw an understandable decline, 2021 has…
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