Chat GPT and Staffing: How Embracing AI Can Transform Your Staffing Strategies

Chat GPT and Staffing: How Embracing AI Can Transform Your Staffing Strategies

ByElle Jackson

In today’s rapidly evolving staffing landscape, staying ahead of the competition is crucial for the success of any organization. One area where staffing agencies can gain a significant advantage is embracing new technology. ChatGPT and other sophisticated AI programs are changing the game in many industries – staffing is no exception. It’s no longer a…

The Importance of Company Culture to Success: Why aligning strategy and culture is key

The Importance of Company Culture to Success: Why aligning strategy and culture is key

ByJeanne Michaelides

“Culture eats strategy for breakfast,” is the oft-quoted statement frequently attributed to management guru Peter Drucker.  While the true origin of the quote is under dispute, the declaration is more apt in today’s business world than ever before…with a slight twist. Culture and Strategy Culture is for an organization what character is for an individual….

Millennials woman working in coffeeshop

How much does it cost to start a staffing agency?

ByMike Brew
For an entrepreneurial spirit with a little industry know-how, starting a staffing agency is one of the best and most rewarding things you can do. Staffing is a varied, competitive, high-energy field that rewards scrappiness and hard work. And it can be lucrative, too, depending on your vertical. Typical margins range from 14 and 41...
Businesswoman going through her daily routine

Retroactively Claiming the Employee Retention Tax Credit: What Staffing Firm Owners Need to Know

ByJeremy Bilsky
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...
What Rising Interest Rates Mean for You and Your Bank (hint: get ready to pay more)

What Rising Interest Rates Mean for You and Your Bank (hint: get ready to pay more)

ByMike Brew
The Federal Reserve recently raised the benchmark interest rate by a quarter of a percentage point, the latest in a series of hikes. The benchmark rate range is now 4.75-5%. This move is intended to slow down inflation. What does that mean for staffing firms that fund with a bank? If you are currently funding...
Avoiding Harsh ACA Penalties: How Staffing Firms Can Stay Compliant

Avoiding Harsh ACA Penalties: How Staffing Firms Can Stay Compliant

ByJeremy Bilsky
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...
Shot of a young woman using a digital tablet while going through paperwork at home

Unemployment Tax Hikes on the Horizon? What Unemployment Loans Coming Due Means for Staffing Firms

ByJeremy Bilsky
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...
team at computer

6 VMS Management Best Practice Tips for Staffing Owners

ByTabitha Salyan

According to a recent Staffing Industry Analyst report, over 80% of companies with more than 1,000 employees in the US use a Vendor Management System (VMS). Over the past decade, that number has increased by 30%. In other words – VMS is a reality for many staffing firms who want these contracts. Chances are, you…