A staffing agency’s pricing model directly affects its profitability, whether a staffing agency is placing temp workers, offering direct hire services, or building long-term client partnerships, your pricing model directly affects profitability. But selling your staffing services can feel anything but simple, especially since there are various pricing models and fee standards. How do you […]
Running a successful staffing agency is far from easy—especially when you consider the challenges facing staffing agencies in today’s hiring environment. A wide variety of staffing agency challenges affect every firm in practically every niche or geographic location. However, this doesn’t mean you can’t overcome them and find success. By understanding the most common challenges […]
Running a successful staffing agency requires juggling many tasks, from building a strong talent pipeline to attracting new clients. But even if you efficiently manage all of these tasks, your agency might not grow at the rate you’d like it to if you don’t incorporate the necessary business development strategies into your plans. By implementing […]
It’s tricky for any business to strike the right balance between rates and pricing. If you price too high, potential customers might leave, and if you price too low, you might not be in business for long. Setting and negotiating staffing agency rates is part of running a successful agency. Agency owners must ensure that […]
Sensible, mutually beneficial pairings between employers and candidates are key to running a successful staffing agency. To do so, you need a vast, thriving candidate pool to pick the best possible options for your clients, which requires learning how to effectively build a pipeline of qualified candidates for your staffing agency. It takes time to […]
For staffing companies and other types of employment agencies, CRM software is one of the most vital purchases that directly improve overall performance and efficiency. In fact, one could say running a successful staffing agency is impossible without the use of a reliable CRM platform. But if you’re new to the industry, you might be […]
While finding clients is essential to starting any staffing agency, you can’t take on clients without a roster of qualified candidates. Running ads, marketing your services, and reaching out via word-of-mouth can steadily bring in more candidates, but you need candidates ASAP. Starting a staffing referral program is one of the best ways to attract […]
Employees are the glue that keeps your business moving. Managing employee payroll might not sound exciting, but everyone on your team expects a timely paycheck. Payroll is crucial, but it can also be challenging if cash flow is tight. Slow-paying customers and unexpected expenses can also lead to tricky payroll situations, hurting morale and disrupting […]
For staffing and recruiting agencies, few things are more important for long-term success than creating and maintaining a quality talent pool. With a large recruitment talent pool, you can easily source qualified candidates for your clients and successfully fill open positions. Because of this, sound talent pool management is an essential consideration for every staffing […]
Hiring is a high-stakes game for employers. In fact, just one bad hire costs businesses, on average, $17,000. So, whether you’re an established recruiter or you’re starting your own staffing agency, you must implement candidate skill assessments to help navigate a cutthroat labor market. In this competitive climate, you need more than resumes and interviews […]
Staffing Industry Analysts (SIA) recently revealed the fastest-growing staffing companies in the US over the past five years. A total of 145 US-based staffing agencies were included in SIA’s list, which was dominated by companies in three niche industries: healthcare staffing, IT staffing, and industrial staffing. Per the report, the 10 fastest-growing firms are: Summit […]
Incorporating tried-and-true SEO tactics into a company website is one of the most cost-effective ways to attract clients to your staffing agency. And yet, not every agency owner is doing it. Those who ignore SEO are missing out on an efficient method to find leads. But for you, that means there’s an avenue to have […]
There are several steps involved in a typical recruitment process. Screening, interviewing, and onboarding are some of the most commonly understood, but one process that often gets overlooked is candidate sourcing. Candidate sourcing allows recruiters and employment agencies to effectively segment candidate pools. But how do you source candidates, and what are the most effective […]
Running a staffing agency requires a keen eye for spotting talent. Effective staffing agencies bridge the gap between talented candidates and companies that need their skills, but plenty of agencies are vying for top candidates. You also need business acumen to run a strong, profitable business. In this competitive environment, following staffing agency best practices […]
Over the years, staffing agencies have been forced to adjust to the volume and variety of employment needs. Some employers need temporary employees, some need long-term positions filled, and others might hire for specific groups of people, such as strictly remote workers or international placements. This has led to a wide range of staffing agency […]
In the highly competitive world of staffing agencies, performance measurement is a necessity. Key performance indicators (KPIs) can help you better understand the effectiveness of your staffing agency processes and satisfaction levels of your clients and employees. These staffing metrics provide a snapshot of current performance and highlight areas for improvement and opportunities for growth. […]
Event staffing agencies provide specialized, temporary personnel for events of all sizes and are an integral niche of the staffing industry as a whole. Whether it’s a corporate gathering, a wedding, or a large concert, these agencies make sure that event organizers have the skilled staff they need to execute successful events. By understanding the […]
There are not many more consequential decisions a business owner can make than selecting the right funding provider. The difference between a good provider and a bad provider can truly make or break a business. That’s why choosing the right staffing agency factoring company to partner with is so critical. If you’re reading this, there’s […]
Staffing and recruiting agencies work tirelessly to fill open positions on behalf of their clients. Recruiters spend a lot of time developing job listings, reaching out to candidates, scheduling interviews, and more to find the best available talent. So, understandably, it can become very frustrating when you experience candidates not showing up for interviews. Why […]
In an average fiscal year, employment agencies across the country receive over $150 million in grants. These grants for staffing agencies can provide a lifeline for business owners who need funds to stimulate growth. If you’re looking for funding, grants are a great way to infuse cash into your business. With that said, let’s talk […]
Regardless of industry, finding top talent is essential for any company. Because of this, many companies have a general understanding that they need the help of recruiters and talent scouts to find qualified candidates. What is less commonly understood, however, is the difference between sourcing and recruiting. While both roles serve as vital points of […]
A good first step in starting a staffing agency is creating a checklist of what you’ll need prior to launching your company. This organization document will guide you along the exciting process of opening your firm, ensuring you don’t mistakenly forget any necessary requirements. You can use this staffing agency checklist as a framework for […]
If you want to be a successful staffing agency owner, you need a blueprint that can put you on the path toward that success. For most, this blueprint lies in the form of a business plan. Studies show that prospective business owners who create a business plan are 152% more likely to launch their business […]
Running a staffing agency can be a great business. After all, the U.S. staffing industry is projected to hit $207.2 billion in 2024, showing just how much potential there is. However, like many other business owners, you may be wondering how to sell your staffing services. Investors and other staffing agencies may be interested in […]
Every day, more than four billion people open their email. So how do you stand out as a staffing agency owner who is introducing your business to potential clients? The answer isn’t obvious, but with a little bit of research, you’ll learn how to craft a perfect staffing agency introduction email to your target clients […]
ChatGPT has made a lot of headlines over the last year, and for good reason. ChatGPT and other AI tools are poised to completely change how we perform many work processes. Using ChatGPT for recruiting is an especially noteworthy possibility. While using AI in recruiting can certainly streamline work for recruiters, understanding how to properly […]
It’s no secret that the IT industry has been booming over the past decade. In just one year, the tech sector created 193,000 new jobs, with more than 300,000 open positions waiting to be filled in 2023. It goes without saying that IT staffing is in demand. While this demand might be obvious, what’s less […]
Staffing agencies place workers in all types of work environments, from standard offices to hospitals to construction sites. Each employee must be adequately protected according to the specific risks of their assigned role, so the vastly different risk levels of these placements mean workers comp insurance rates and necessities vary. That’s why it’s so crucial […]
Tax forms and employment classifications are a headache, right? Not if you’re prepared. For staffing agencies, it’s a tricky environment – as most organizations juggle multiple types of employment with a large pool of workers. If you’re looking to start your own staffing agency (and make sure it’s successful), you’re going to need to understand […]
It’s one of the most worrisome questions for employees and company leaders alike: what happens if a company can’t make payroll? Figuring out how to pay employees on-time should be a top priority. Not paying your employees on-time can have disastrous consequences for your business. And even if you have good intentions, this can still […]
Maximizing profit margin is one of the most important points of emphasis for every business owner, and a routine way to achieve optimal profits is by properly valuing what to charge customers. In the staffing industry, this is where markup rates come into play. Staffing agency markup rates prove to be a big part in […]
Knowing how to run a staffing agency involves more than just starting the business and keeping day-to-day operations running smoothly. The best agency owners know how to be successful in staffing sales because they have learned the secrets of how to market and grow their staffing agencies. Before knowing how to be successful in staffing […]
Most business owners don’t love to talk about insurance; it’s not a glamorous topic. However, obtaining adequate insurance coverage is one of the most important steps when starting a staffing agency. Failing to do so can completely jeopardize your employment firm’s operations down the line. We’ve done our best to summarize everything about staffing agency […]
Few topics are more controversial in the current business world than artificial intelligence. Is AI and all of its benefits a net positive, or will AI become a net negative by automating so many labor-related jobs that it causes an economic downturn? This question is highly relevant for one industry in particular: staffing. One study […]
“Staffing” and “recruiting” are two terms often used interchangeably, but they actually don’t mean the same thing. Knowing the difference between staffing and recruiting is important for many, considering about 40% of companies have outsourced most—if not all—of their hiring processes. Even staffing agency owners might not be aware that staffing and recruiting have separate […]
Locum tenens practitioners value their roles thanks to the freedom and flexibility they provide. Unlike standard healthcare providers, who work for a specific hospital or facility, locum tenens physicians work with medical staffing agencies to contract with facilities that need temporary staffing help. However, just like full-time physicians must be properly licensed and credentialed, locum […]
One of the common terms you’ll hear in relation to healthcare staffing is “locum tenens.” But what is locum tenens, and what is locum tenens staffing? Understanding what locum tenens means can be mutually beneficial for healthcare staffing agencies, healthcare facilities, and doctors, so let’s dive deeper. What Does Locum Tenens Mean? Locum tenens is […]
It’s no secret that the healthcare industry is facing an employment crisis. In fact, the International Council of Nurses has labeled the nursing shortage a “global health emergency,” as providers struggle to fill critical positions. Nursing staffing agencies play a vital role during this crisis by providing healthcare facilities with qualified nursing professionals to ensure […]
The time has come where you feel ready to sell your staffing agency. You’ve met (or exceeded) your goals, feel accomplished in helping match jobseekers with the right employers, and are excited to turn your business into a significant profit. But selling a business can be an intimidating process, especially if you have no experience […]
Healthcare staffing agencies may be the only way the country can keep up with the increasing demand for healthcare professionals. Experts predict that the nationwide healthcare staffing market size ($24.6 billion as of 2024) is expected to grow by 5.8% from 2023-2030. No matter the niche, from nurse and CNA staffing to medical billing professional […]
Running a successful staffing agency requires making enough money to manage business expenses while simultaneously generating enough markup per contract to continue generating profits. But how exactly do recruitment and staffing agencies make money, and who pays them? Recruitment and staffing agencies get paid by their clients who utilize their services, and this money typically […]
Even with an advancing economy and substantial availability of work opportunities, employers have a hard time finding the right talent, and jobseekers have a hard time finding the right jobs. That’s where staffing agencies come into the fold and work their magic. Staffing agencies have become increasingly vital to the business world because they help […]
It’s no secret that America has endured a significant labor shortage since the height of the COVID-19 pandemic. While many employees that lost their jobs have been able to get back on track, the national labor outlook reveals that overall, jobseekers have had a tough time compared to pre-pandemic figures. As for the staffing industry, […]
Staffing agencies heavily depend on prompt client invoice payments to fulfill weekly or bi-weekly payroll obligations. If invoices payments are drawn out or not paid on-time, it can drastically affect a staffing company’s operations. For this reason, one of the most popular financing methods in this industry is staffing invoice factoring. If you’re not an […]
Staffing and recruitment agencies often ask behavioral questions to candidates to get a better feel of how they would fit in a certain role. With behavioral interview questions, recruiters and staffing agency owners can learn new information that they wouldn’t find on a resume. Behavioral interviewing involves specific questions that get at the heart of […]
Are you planning to open your own staffing agency? If so, the first thing you should do is learn about the paperwork and requirements to open a staffing agency, as there are several items to complete before you should get started. Understanding what’s required to launch a staffing agency is the very first step of […]
Like in any other business, starting and running a successful staffing agency is easier said than done. Though there are several obstacles you will encounter in this field, one of the most significant challenges is a hyper-competitive staffing and recruiting industry. According to the American Staffing Association, there are currently about 25,000 staffing agencies, and […]
When it comes to marketing, most companies jump right to the tactics and skip the necessary preparation and planning required to realize the best return on investment. While some rush to calculate ad spend budgets or work on billboard designs, the most successful staffing companies understand marketing plans are like building a house. You must […]
Staffing agencies promote recruitment services and play a pivotal role in helping businesses find their ideal candidates. They serve as the foundation for the workforce. They are sometimes called job centers. When there is a vacancy in a company or firm, they can contact a staffing agency to publicize this opening. The agency can carry […]
You’ve been thinking about using a managed services provider (MSP) to help expand your staffing agency. But like with any investment, you don’t want to make a rash decision. Taking the time to do your due diligence in research and asking questions is important to you. Although there isn’t a “one size fits all” approach […]
New staffing agency owners are likely familiar with vendor management systems (VMS) but might be unsure whether utilizing VMS is necessary for their firm. VMS can help you grow your staffing business by managing your worker and employer pipeline. However, allowing a software application to guide your recruitment and talent acquisition processes can raise questions. […]
Winning clients is the single most significant and essential factor in growing a staffing agency from the ground up. If you know how to find clients, running a staffing agency can be a lucrative venture. As long as you’re ambitious and are deploying the right strategies, the sky is the limit for your business. To […]
Running a staffing agency requires some insight and several skills in addition to planning and attention to detail. Each part of the company needs to be fine-tuned to produce positive results and steady growth. The company’s success requires a solid business plan designed to handle multiple accounts and fluctuation in growth over time effectively. Although […]
Starting a staffing agency can be an incredibly exciting venture. You can make a lot of money by running a successful staffing agency, and the latest data shows the industry is coming off consecutive years of growth, reaching $650 billion in global revenue by the start of 2023. But many prospective business owners are faced […]
When you start a staffing company, you need to know the proper amount to charge for your services. You don’t want to charge too little and lose money for your time and effort, and you also don’t want to aim too high and scare off potential customers. So, how do you achieve the right balance? […]
Hiring employees can sometimes feel impossible. Lately, finding reliable employees can be more difficult than it has been in the past. But there is technology available that can help make the hiring process easier for staffing companies. Staffing agencies can utilize mobile apps to help bridge the gap between hiring companies and eligible employees. This […]
Staffing companies routinely deal with long invoice payment terms and slow-paying customers. This puts many staffing agencies in the precarious situation of potentially not having enough cash on hand to pay employees on time. Fortunately, there’s a type of financing tailored for staffing agencies that struggle to make payroll on time: payroll funding. Payroll funding […]
Running a successful staffing company can be rewarding, but you first must be able to finance your staffing agency to get your new venture off the ground. There are plenty of financing options available, but it can be intimidating to decide which solution best fits your business. In this article, we’ll address key points related […]
Before beginning a financing relationship with a funding partner, understand the steps required to terminate the relationship if needed before the end of the term. Complex structure and lengthy verbiage make contracts difficult to decipher, particularly payroll funding agreements. Transparency and clarity are “must haves” in your payroll funding relationship. Why You May Want to […]
