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…
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…
Temporary staffing is a challenging but rewarding industry with few barriers to entry. It is a great time to consider starting a temporary staffing agency. The industry recovers quickly from setbacks, and companies always need labor. When starting a firm, we think there are four key things you must consider: people, technology, insurance, and payroll…
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