Talent and Employee Management Insights Blog

You Don’t Have Time to Manage Payroll and Run Your Staffing Agency

Many new staffing agency owners first launching their operations don't realize that determining what to charge clients is an art form that goes beyond just increasing a candidate's hourly rate or the bill rate. Identifying a final client rate is a science that considers a wide range of factors, including current market temperature, skillset demand, and candidate shortages. 

If you are a business owner, HR lead, or take on another managerial role within a staffing company, chances are you’re looking for tools to help you both scale and save money. You’ve probably also come across the EOR vs PEO debate and have looked into outsourcing to some capacity already.

At Headcount Management, we’ve spent years perfecting our formula for staffing solutions, finding a process that helps large staffing organizations scale to their true potential. We’re here to help you find tools and solutions that won’t break the bank, but will still encourage the growth you want. 

If your organization has grown and you’re wondering what services can further help you save, we’ve got you covered.

What are EOR and PEO? What’s the difference? 

It’s not always enough for recruiting firms 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 financing structure in place will relieve those pressures and allow you to service even more clients and pay more candidates.

Right now, the coronavirus is redefining what business as usual looks like for companies across virtually every industry and vertical. Many companies throughout the U.S. are adjusting to the new need to support remote working capabilities that keep staff and clients safe, all while attempting to hit pending deliverables and deadlines. As a result, many enterprises are assessing their current operations to determine if they should cut costs or bring on additional resources to keep the momentum moving forward. 

Few, if any, recruiting agencies were impervious to the impact of the pandemic. While navigating through the financial upheaval of 2020, staffing firm owners running operations of every size got a crash course in how to creatively drive revenues and reduce costs during rampant, unpredictable economic changes. Some agencies attempted to muscle through the changing market without actually changing their practices and standards, which ultimately proved a costly miscalculation.