The 4 Best Industries to Quickly Grow Your Staffing Business

If you are moving, just starting, or thinking of starting your staffing company in 2014, you’re in luck! Job growth has been improving greatly and the demand for employees is in some cases actually exceeding the supply. These 4 industries are the best industries to get into for staffing and quickly grow in, according to Entreprenuer.com:

  1. Residential Construction
  1. Software and Networks Creation for Businesses
  1. Machinery Wholesale
  1. Consulting Services

When your staffing agency blossoms in these industries, you’ll need a strong cash flow and a constant source of funding to catch up with the growing demands put on your business. For fast, easy, and flexible funding, use invoice factoring. Factor Finders will connect your company with the perfect payroll funding service.

What are Business Owners Looking for in a Temp Staffing Agency?

As the owner of a temp staffing agency, you know what you want in business. You’re probably pretty confident about what your workers want, but do you know what your clients want? Read on to discover three key things that business owners are looking for in an ideal temp staffing agency:

  1. A good track record
    Reputation and a history of good work are almost everything when it comes to the initial attraction of a business owner to your staffing agency.
  1. An innovative and future-looking vision
    Business owners want to see that your staffing agency is pushing ahead into new frontiers, keeping up with social media and technology developments. Do have an elegant website. Have a blog, Facebook, Twitter, and YouTube. Take advantage of more niche social media platforms like Vine. If innovation, a commitment to excellence, and embracing modernity are you’re your company’s priorities, you’re doing something wrong.
  1. Financial stability and the ability to grow
    This means you need a strong cash flow and constant access to a source of funding. If you are not factoring your invoices already, you should be! Invoice factoring is the best, easiest, and most flexible funding method. It’s risk-free and can get you cash instantly whenever you need it! Additionally, it’s the only type of funding that grows as your business grows.

 

5 Blogging Tips to Market a Staffing Agency

Blogging is a powerful tool. In addition to increasing your company’s presence in Google searches, it can also be used to effectively spread your message, as well as attract a larger audience in issues tangential to your company’s. Here are 5 tips to best market your staffing agency through blogging:

  1. Show don’t tell!
    Showing your audience that your company is exciting and innovative is much more engaging and effective than just saying it. Replace stock photos and boring captions with real photos of your company in action followed by vivid and exciting captions whenever possible.
  2. Use SEO effectively.
    This means that your pages are linked internally, that you have omnipresent keywords, etcetera, but also that you do it all subtly. There’s almost nothing more unprofessional and unattractive to a reader than a blog that’s so SEO saturated that it’s redundant, boring, and indecipherable.
  3. Have an appealing design!
    Choose colors that jive with your logo, don’t over-clutter, pick a few colors as a theme and stick to those. Your readers will be more engaged.
  4. Use your blog design as a way to express your company’s personality.
    A spare minimalistic aesthetic might work much better for one type of staffing company than for another, which might favor a more vibrant design.
  5. Have fun, and blog about meaningful things!
    Readers can tell if you care about what you’re blogging. Make sure it’s sincere and interesting. It’s fine to “retell” stories from other blogs—Shakespeare did this all the time—but make sure to make it more engaging or more relevant to your audience, if you can. Nobody wants to read something you saw somewhere else and regurgitated in a less engaging way.

Follow these 5 tips to better market your staffing company online. Engage your audience better and build more connections to your services, then watch as your business increases. For the strong cash flow and constant source of funding you’ll need to handle rapid growth as well as seasonal slumps, apply for invoice factoring.

The 3 Biggest Differences between Successful and Unsuccessful Staffing Companies

What sets successful staffing companies apart from unsuccessful staffing companies? Despite you thinking there may be a variety of factors, there are really only three things that stand between the top-tier staffing companies and the low-rung agencies. Read on to find out what your staffing company can do to rise to number one:

  1. Talented employees and a great reputation among your clients.
    Do this by making sure your recruiting process is as efficient as possible. This is also a step-by-step process. The better clients you get, the better your reputation will be, and the better employees you’ll attract. And so on. Start small, and work yourself up.
  1. Strong social media presence.
    Engage your audience with viral content on Facebook, Twitter, Youtube, Instagram, Buzzfeed, and more. The most successful staffing companies know how to make the most powerful posts that get the most attention, in order to keep their connections as strong as possible, and get people to spread the word about their services.
  1. A strong cash flow and a constant source of funding.
    Steady cash flow is important for any staffing company’s success. Without it, your staffing company will be at the mercy of long invoice payments, and you’ll not be able to have the resources to meet your company’s goals. To achieve a strong cash flow, you’ll need a constant source of funding, so that your company can get the resources to expand during periods of rapid growth, and also sail comfortably through seasonal slumps.

Invoice factoring can provide your staffing company with a steady cash flow and instant cash whenever you need it. It’s easy and flexible, and all companies can use it. Invoice factoring is also the only type of funding that grows as your business grows.

6 Hiring Mistakes Your Staffing Agency Should Never Make

The hiring process is one of the most important stages of any staffing business’s success. It’s ongoing, and comes built-in with many critical moments where keen attention, perceptiveness, and understanding are crucial. Mistakes may cost you time and energy, or worse: they may creep in, go unnoticed for some time, and then emerge out of the shadows to throttle some aspect of your business. With so much pressure to get the hiring process right, it’s easy to see how some little detail might escape your attention, and some flaw may emerge in your hiring process. Make sure it’s not one of these six, and you’ll be able to avoid wasting time, or even potential disaster.

  1. If you don’t pre-screen your applicants…
    Best bad-case scenario, you waste time (i.e. money) on an applicant who has neither the experience nor the skillset that you are looking for. Worst case-scenario, you fail to catch a lurking history of failure or sabotage in your interview that a quick pre-screening would catch.
  2. If you don’t prepare your applicant…
    You could end up with a painful interview that wastes everyone’s time.
  3. If you don’t prepare your interviewers…
    You could end up missing out on the applicant you want just because your interviewers have got their own standards and don’t know what you’re looking for.
  4. If you put too much stake in your interview over the candidate’s resume and application…
    Not only are interviews actually not very accurate predictors of future employee success, but putting too much stake in the interview could allow extroversion and congeniality to trump strong writing skills and creative thinking. This is the same mistake as evaluating the applicant’s personality over their skillset.
  5. If you don’t try to develop a large-enough pool of applicants…
    This is like doing casting for a play and choosing from 4 actors for 3 rolls. You’re bound to make some compromises, just because you need to fill the parts.
  6. If you don’t keep perspective and take on more than you can handle…
    For example, by inviting too many people to interview, you can severely unbalance your company’s resources and find yourself unable to handle all the applicants you’ve invited. Then you will be in quite a crunch.

Remember these six tips and you may avoid critical lapses in the hiring process, hire effectively, and bring prosperity to your staffing company. However, forget these tips and you are sure to waste time or perhaps even make a vital mistake.

The “Sharing Economy” and the Temp Staffing Industry

The “sharing economy” is real. In order to save money, people are relying on strangers more, and strangers are sharing more. A recent Nielsen study tells us that over 50% of people would rent their property to other people, and more than 40% would rent from others. Additionally, the total worth of this market, according to Nielsen, is estimated at $26 billion.

How can this trend affect your staffing business and the temp staffing industry? For one thing, it shows that more and more people want to use services temporarily and not buy permanently, which means that your staffing agency is in a prime position to take advantage of new demand for temp workers.

To take advantage of all the opportunity for growth, however, your staffing agency will need a strong cash flow and a constant source of funding, so you never have to worry about not being able to keep up with growth or wasting time covering payroll and basic expenses.

Invoice factoring is the best and easiest type of funding. Almost all staffing companies can get approved, and re-approval is not necessary if you need additional funding. Invoice factoring allows you to sell your invoices and get cash instantly. It’s the only type of funding that grows as your business grows, so that you can attain greater and greater success.

The “Sharing Economy” and the Temp Staffing Industry

The “sharing economy” is real. In order to save money, people are relying on strangers more, and strangers are sharing more. A recent Nielsen study tells us that over 50% of people would rent their property to other people, and more than 40% would rent from others. Additionally, the total worth of this market, according to Nielsen, is estimated at $26 billion.

How can this trend affect your staffing business and the temp staffing industry? For one thing, it shows that more and more people want to use services temporarily and not buy permanently, which means that your staffing agency is in a prime position to take advantage of new demand for temp workers.

To take advantage of all the opportunity for growth, however, your staffing agency will need a strong cash flow and a constant source of funding, so you never have to worry about not being able to keep up with growth or wasting time covering payroll and basic expenses.

Invoice factoring is the best and easiest type of funding. Almost all staffing companies can get approved, and re-approval is not necessary if you need additional funding. Invoice factoring allows you to sell your invoices and get cash instantly. It’s the only type of funding that grows as your business grows, so that you can attain greater and greater success.

To learn more about invoice factoring, call 1-855-EZ-Factor or apply online now!

How Embracing Your Staffing Agency’s Weaknesses Will Do More for Your Success than Just Showcasing Your Strengths

Nothing is perfect. Nobody is perfect. No business is perfect. Sometimes business owners try to hide that fact, and use only their strengths to overcompensate for it, without paying any attention to their weaknesses. But the important thing to remember is that it is possible to improve. The approach of a staffing company, for example, being great at marketing but not very good at customer service, deciding to ignore customer service and continue pushing their marketing success, is limited, and ultimately doomed to fail. Much better is to recognize your mistakes and bring them to the forefront to try to improve. Here are three hard, but useful, things you can do to focus on making your staffing agency’s imperfections better:

  1. Reach out to your clients and ask them what were the most difficult things about dealing with your company. Ask why they think could be improved.
  2. Keep track of how much time it takes your company to manage different kinds of internal projects. Keep track of things that contribute to inefficient work and try to find new and effective ways to manage them.
  3. Try to look at your company’s skills objectively. Nobody knows your company better than you. Identify the most significant areas of improvement and start improving them!

In the short run, focusing your staffing agency’s energies on your mistakes might be embarrassing, difficult, and get you less business, but in the long run, you’ll be happy you took the time. You can save time with payroll though by factoring your invoices.

200,000 New July Jobs Added

In what is becoming the longest-running streak of job growth in almost 20 years, more than 200,000 new jobs have been added to the U.S. economy in July.

However, unemployment has also increased, to just over 6%. What does this mean? It means only that the demand for job growth has increased, and is continuing to increase, and that there are now more workers in labor force who are still looking for jobs.

How will this affect your staffing agency? This is actually the perfect opportunity for your staffing agency to make connections between businesses with continually rising demands for employment and workers who need jobs.

This offers great growth potential for staffing companies. For your staffing company to handle all this growth, you’ll need a strong cash flow and a constant source of working capital.

Invoice factoring is the best and easiest form of funding. Once approved, you can factor your invoices whenever you need and get cash instantly! It’s the only type of funding that grows with your business, so you can be sure that you’ll always have enough working capital to stay ahead of the game, whether you are going through rapid growth or a seasonal slump.

Why 2014 is a Great Year for Staffing

Even if you’ve heard it before, we’ll say it again, because we’re just that excited: 2014 is a great year for staffing! Why, you ask? Three reasons:

  1. As we’ve written about before—here and here—both demand for workers and hiring rates have increased in all industries, and hiring actually has yet to catch up with demand. This means there’s a need for staffing companies to supply employers with talented workers. Your staffing agency can step up and fill this need.
  2. Increasing trends of employers mixing their work-forces with permanent and contract hires. CareerBuilder.com reports that more than 40% of employers plan to hire temp workers this year.
  3. As long as invoice factoring exists, every year is a great year for staffing! Invoice factoring allows staffing companies to get the financial break they need and deserve. It’s the only type of funding that grows as your business grows. Factoring for staffing is easy, fast, and flexible, supplying your agency with a strong cash flow and instant funding whenever you need it.

Good luck in the rest of 2014. If you take advantage of these three reasons, it’s sure to be a good year for your staffing company!