5 minutes read
Both simplify HR operations and compliance, but their structures and strategic advantages differ, particularly in this critical way: who holds the risk. Increasingly, the EOR model is proving to be the more agile, scalable, and cost-effective choice for companies ready to grow confidently.
3 minutes read
The recent surge in job creation, as evidenced by the latest figures, signifies a robust economic environment that can greatly influence consumer behavior. When private companies hire in large numbers, it reflects positively on the economy, signaling stability and growth. This often translates into increased consumer confidence, as individuals feel more secure in their financial prospects and are more likely to engage in economic activities such as...
4 minutes read
The landscape of the business world is ever-evolving, and one of the most significant shifts we've witnessed in recent years is the move towards leaner staffing models. This trend, particularly prevalent among modern startups, is rewriting the playbook on how companies strategize for growth and agility. In this article, we'll delve into the nuances of lean staffing strategies, exploring their evolution, benefits, challenges, and the role of technology in facilitating this shift. We'll also...
5 minutes read
Today we learned unemployment rates rose to 4.3%, the highest since October 2021, as reported by the Labor Department. This, coupled with decelerating payroll gains and slowing wage growth, has suggested a potential case for the Federal Reserve to cut interest rates come September. This is GREAT news!
Economic fluctuations, like these, have a profound impact on the staffing industry, and regardless, triggers a need to adapt to navigate through these economic changes successfully. As we...
5 minutes read
Okay, we can all admit top lines for staffing agencies are likely down so far this year but it's always a GREAT time to "get your company in shape", lower operating costs and find efficiencies, right?
Staffers have always had FRONT ROW seat to the "SHOW" since they are a major contributor to hiring upswings! However, though earnings cycles appear year after year, our industry hesitates to follow the broader markets trends, WHY? In any competitive landscape making key financial decisions based...
4 minutes read
In the ever-evolving landscape of Canada's job market, a closer look reveals a mosaic of opportunities and challenges. Despite some overarching concerns, certain sectors and demographics are experiencing notable growth, creating a dynamic environment for both job seekers and employers. Let's explore the emerging opportunities, demographic shifts, and regional employment patterns, as well as how the workforce is adapting to the future of work in Canada.
2 minutes read
At Headcount Management, we’ve seen firsthand how hidden conflicts of interest with an EOR can jeopardize your staffing agency’s client relationships, expose confidential information, and even potentially drain your talent pool. That’s why we’ve recently launched our latest digital guide, Vendor Secrets: Are You Empowering Your Competition?
6 minutes read
Forbes magazine recently predicted that employers will make contract hiring a consistent cost-saving hiring strategy in 2023, stating that “savings arise for companies because contractors generally don’t receive generous health benefits, paid time off, stock grants and other incentives and perks.”
5 minutes read
While the September Labor Market Report highlights significant job gains in sectors such as food services, health care, government, and social assistance, when we overlayed last year's unemployment numbers we saw an interesting trend line. The chart above demonstrates a positive trend in both Professional Services and Hospitality (+16% and 51%, respectively). For staffing agencies, this shift could be a positive indication of where to shift or just a good time to...
5 minutes read
As a leading payroll, EOR, and back office service provider for staffing agencies, Headcount Management makes it our mission to stay on top of what’s happening in the recruiting industry. We’ve been partnering with staffing agencies long enough to know that things can change in the job economy in an instant. Knowing industry patterns and trends helps ensure we continue delivering the best back office solutions to our partners.