Workers Value Work-Life Balance over Pay

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Contrary to how it was in previous eras, it turns out that the modern adult worker in the United States values quality of life and work-life balance over pay.

The American Staffing Association Workforce Monitor held a study that reveals that sixty percent of the adult workforce had no intention of seeking a new, better employment opportunity in 2015. And the cause, surprisingly, had nothing to do with how much they were earning. What they cared for the most about their current jobs was their relative freedom—the workforce is beginning to value a flexible job with some free-time more than a position’s pay rate. The figures were consistent when it came to the unemployed, as well. The study found that 38% of the able-bodied, adult population that do not currently have a job will not be seeking employment in the next year.

All of these numbers support the overarching trend that is relatively new within the American workforce—work-life balance is becoming the most coveted aspect of a job, not wages. And for good reason, too. A separate PCMA survey shows that 38% of employees nationwide feel as if they have missed out on major life events due to a bad work-life balance. The labor force is tired of an all-work-no-play environment in the office.

So what does this mean for employers, recruiters, and staffing firms alike? Overall, it means that job candidates will be the happiest in positions that allot them an appropriate amount of free-time outside of the office. Another interesting trend that the study uncovered was that significantly less workers reported that they were willing to relocate for a job. Only sizeable increases in pay would prompt them to consider. So, when pairing your job candidates with assignments, keep in mind that they will most likely thrive in a position which doesn’t hinder them from enjoying their lives away from work.

The American workforce is beginning to understand the value of time, and how one shouldn’t waste it. Your staffing firm has probably made that same realization. Do you feel as if constantly waiting for your debtors to pay off their outstanding accounts receivables is hurting your agency’s potential to grow? Well if so, you are right. But there is some good news—invoice factoring companies can eliminate the problem by providing you with instant, debt-free working capital. Request a quote from Factor Finders and start seeing your staffing company realize its full potential.

Job Seekers Go Mobile, Study Reveals

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It is no secret that the internet and social media have had a profound impact on job recruiting/job seeking. But, the impact of “smartworking” (i.e. the way that working is done with the modern technological presence) may be more prevalent than you know.

In the recent Adecco Work Trends Study, it was revealed that social media and mobile devices are playing a bigger part in the recruiting process than ever before. Here are some takeaways from the study, and some strategies that you should implement in your staffing agency’s business plan.

Social media

In 2015, LinkedIn is still the most popular social media venue for professional recruiting and job seeking. 61% of recruiters and 34% of job seekers say that it is their go-to destination for filling positions. However, Facebook has made quite a leap this year in the field of personal branding, and is even more popular than LinkedIn for this purpose.

Nonetheless, it still has quite a bit of catching up to do in order to rival LinkedIn for its dominance in recruiting, as only 32% of recruiters choose Facebook in order to find new employees.

The study has shown that job seekers with accounts on more than one social media program are 30% more likely to find work. So, encourage your workers to up their social media game— be sure that they have attractive, professional Facebook and LinkedIn profiles. It should increase their odds at landing the position that they would like.

Going mobile

Another big takeaway from the study is that job seekers have become surprisingly “mobile.” That is, 65% of applicants use a mobile device (a smartphone, tablet, etc.) in order to conduct online job searches. This is a particularly interesting trend, as only 41% of recruiters search for candidates using mobile devices. Nonetheless, it is logical that job seekers are making use of mobile devices, as they are becoming increasingly useful and efficient. To stay ahead of the competition, encourage your job candidates to understand how to navigate job finding tools from a mobile device.

Looking for other ways to stay ahead of the game?

Making sure that your job seekers are savvy on all of the recent recruiting trends is important. But, if you own a staffing company and are looking for other ways to grow and succeed, you will need more than an impressive social media presence. You need access to a steady cash flow and immediate working capital. And, there is good news—Factor Finders can help with that. Staffing factoring offers solutions for agencies of all specialties, and will help you get access to the cash that you need in order to take on new projects without ever going in debt. Don’t let opportunity pass you by. Start invoice factoring today!

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Biggest Marketing Mistake Made by Staffing Companies

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Colleagues congratulating one another

Business growth

Business is booming all across the United States. Just a few days ago, it was announced that September saw 200,000 new jobs added to the American workplace. This spells good news for every industry in the economy, especially the staffing industry.

Obviously, it is a great thing for the American staffing industry when businesses of all sorts are looking to hire new employees. This is an opportunity for firms to place their workers and, hopefully, to expand in accordance with the market. And, the most successful staffing firms around the country are doing exactly that.

However, the vast majority of staffing companies will not be maximizing on this ideal economic situation, largely due to problems with their marketing campaigns. A recent survey from the Staffing Industry Analysts (SIA) reveals that there is a major communications disconnect between staffing firms and their clients.

It turns out that customers overwhelmingly care the most about the quality of labor provided by a staffing industry. And that makes sense, right? Customers want to contract the most capable, qualified temporary workers available. The SIA survey shows that over fifty percent of staffing industry customers placed worker quality as their top priority, and 78% placed it in their top three most important traits.

Managers of staffing firms seem not to understand this, though. In the same SIA survey, only 18% of staffing companies reported that they boast their workers’ quality above all other attributes.

So, in case you are not already, change up your marketing strategy and flaunt the skill and experience of your workers! It will help you take advantage of the escalating employment rate and increase the size of your business. Looking for further ways to expand? Get in touch with Factor Finders and get the cash flow that you need in order to help your staffing company thrive. Invoice factoring for staffing agencies is the best form of alternative financing, and it can help your enterprise reach its long term goals. Request a quote, get funded, and watch your staffing company flourish!