4 minutes read
Staffing firm owners must maintain a steady focus on marketplace strengths, opportunities, and risks in any economy. However, recruiting agencies across virtually every vertical have had to up their game to remain vigilant in the wake of COVID-19 disruptions.
5 minutes read
Staffing firm owners understand that people are at the heart of their operations. Recruiting agency executives recognize the importance of investing time and energy into cultivating their client and candidate relationships. However, there are three people-centric components that come into play when planning for your staffing firm’s success. Beyond candidates and clients, staffing firm owners must also spend time growing and developing their recruiters.
3 minutes read
Staffing firms across the country are feeling the impact of the global pandemic across their operations. The recent economic downturn from COVID-19 was virtually instant. In February 2020, the U.S. hit a 50-year high of 273,000 new jobs. Just one month later, the market plummeted, losing a total of 701,000 in March alone.
4 minutes read
It’s not always enough for staffing agencies to work with the most qualified applicants and sought-after clients. Staffing agencies also need to consider seamless delivery of their services and the customer’s perception of that delivery, which in turn means more business. Unfortunately, before your clients pay an invoice, your firm will incur almost all of the costs associated with paying employees (their payroll, taxes, insurance), possibly causing a strain on finances. Having the right...
5 minutes read
Running a successful and profitable staffing agency requires a steady understanding of what to charge customers for your services. Many new firm owners learning how to finance their business are surprised to learn that determining final client rates is a science; it's essential to go into the process knowing how to strike that balance between remaining competitive in the marketplace based on what other firms are charging and turning profit.
4 minutes read
Starting a staffing agency can be a lucrative venture in any market. In the rapidly changing job market, many employers need to look beyond the traditional employment model and consider temporary options.