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…
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…
Starting a staffing company can be very profitable business if you take the right steps to ensure your success. However, we often see staffing startups making the same mistakes that can derail their business before it has a chance to grow. Here are some common pitfalls for startup staffing companies and recruiters. 1. Focusing on…
It may not be your favorite part of running a staffing firm, but when it comes to payroll taxes, they have to get done (and it’s important that they’re done correctly). With the IRS cracking down on small businesses and increasing consequences for incorrect payroll tax filing, it is more important than ever that your…
In today’s marketplace, employers are in need of qualified workers and veterans are in need of work. So why are veterans who are transitioning from military service to civilian employment having such a difficult time finding jobs? In this blog post, we’re breaking down the reasons it makes good business sense to hire veterans and…
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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