Safety is one issue that staffing firms should take very seriously, because accidents and worker’s compensation claims have serious implications for the long-term health of your business. Just look at what’s happening in the industry: the Department of Labor has been cracking down on both clients and staffing firms when it comes to worker safety….
At some point in your journey as a staffing firm owner, you will probably come up against this decision: Am I happy with where my business is at, or do I put more resources in and grow? Deciding to grow isn’t for everyone. After all, only 140 out of 19,000 staffing firms in the US have…
As a staffing firm owner, you have a lot of incentive to close out the year with strong sales. This is your business we’re talking about, the one you spend countless hours on, your livelihood! The hope would be that your sales team is also motivated to meet monthly and yearly goals with time ticking…
NOTE: Originally posted as “Credit Professionals in the Factoring World” in Business Credit Magazine, January 2019 edition. In any industry or business type, credit is a crucial aspect to the success of the company. Acknowledging the risk accessed and likelihood of payment from your customers helps promote the growth of your business by maintaining positive cash…
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…
When it comes to making more of a profit in staffing, “sell more” is not always the answer. First off, easier said than done! And secondly, it can actually hurt you in the long run if you under price yourself to win a high volume contract. That strategy almost never works out because if you’re…
As the last quarter draws to a close and staffing firms all over the country start looking ahead, it’s time to start thinking about ways to end your year strong and be positioned for strength for the next. Plus, there still might be time to make some decisions that could affect your taxes. We have…
What Staffing Firms Can Do in Uncertain Times During this time of economic uncertainty, you may find that banks and perhaps other payroll funding companies are tightening their credit requirements. This is especially true with staffing firms, who lenders have always seen as high risk and are often the first to be told “no” during…
Are Managed Service Providers (MSPs, for short) a necessary and efficient way to do business with larger clients, or are MSPs taking advantage of smaller staffing companies? Depends on who you ask. And the MSP in question. What is an MSP? For those who might not know what an MSP is, a little background: MSP…
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