6 Common Staffing Industry Questions about Workers’ Compensation

6 Common Staffing Industry Questions about Workers’ Compensation

ByJeremy Bilsky

  The issue of Workers’ Compensation coverage is critical to the profitability and success of entrepreneurial staffing agencies. Many challenges may arise and the solutions can be difficult to find on your own. This can be as overwhelming to experienced staffing business owners, as well as those learning how to start a staffing agency. It…

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Four Key Components to Financial Sustainability

ByJeremy Bilsky
What is Financial Sustainability? At Advance, we define financial sustainability as the ability to start, grow and maintain your staffing business with short- and long-term financial stability. It is amazing how many otherwise savvy staffing operators rely solely on their sales or HR skills to grow their business, and don’t really understand where they are...
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How Staffing Firms Should Respond to an SUI Unemployment Claim

ByJeremy Bilsky

Staffing Agencies & Unemployment Benefits If there is one thing that is reliable in the staffing industry, it is that timing is often anything but predictable. Between training and recruiting talent, following up on invoices and being ready at a moment’s notice to respond quickly to the ebb and flow of business, a staffing agency’s…

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1099 Tax Forms and Worker Misclassifications in the Staffing Industry

ByJeremy Bilsky
Tax season is here again, which means it’s time to start thinking about tax forms and employee classifications. With the IRS cracking down on small businesses and increasing consequences for incorrect tax return filing, it is more important than ever that you understand the dos and don’ts so you don’t end up paying harsh penalties...
Close up of several folders with papers poking out of them. The top paper says Invoice.

Increasing Pay Cycle Terms and the Effects on Staffing

ByJeremy Bilsky

One trend over the last few years in staffing is increased payment terms from net 30 to 60 or even 90 day cycles. Although staffing as a whole is growing, increasing business doesn’t translate immediately into cash flow to cover payroll and other expenses. Plus, larger companies on average have longer payment terms. Just because…

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4 Tips to Support Operational Sustainability

ByJeremy Bilsky

Sustainability is defined as, “the ability to continue a defined behavior indefinitely.” So when it comes to your day-to-day operations, evaluating, refining and sustaining consistent behaviors is critical for long-term growth. At Advance Partners, we view operational sustainability as the most basic component of a solid foundation for your staffing business – regardless of size. …

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What a Possible Recession Means for Your Staffing Firm

ByJeremy Bilsky
Recruiting & Hiring During a Recession In light of the long-term global health crisis of COVID-19 and the accompanying economic uncertainty, many economists and analysts predicted a recession could be imminent. The continuing cycles of new COVID variants make the future unpredictable and wreak havoc on the US economy. After a long period of recovery...
A man with his head in his hand with his eyes close, looking very frustrated. His glasses are on top of his laptop.

7 Common Issues & Challenges Facing Staffing Agencies

ByJeremy Bilsky

Staffing firms face change constantly: new technology, a limited supply of talent, economic uncertainty, diversity and inclusion incentives, the push to work from home, high turnover rate, etc. We hear all about these issues from our staffing firm clients, so here are some of the biggest challenges that staffing professionals firms and hiring managers face…