Staffing agency owners know better than anybody that succeeding in the industry is no easy task. The ever-changing economy, legal red tape and tax regulations all make administering a staffing company a tricky venture.
But did you know that it is a tougher venture in some states than in others?
It is true—there are certain states where running a staffing firm is easier, both economically and legally. Check out this list of the top three states to own a staffing agency.
As they say, everything is bigger in Texas—including the benefits of owning a staffing agency. Firstly, due to the sheer size and robustness of the Texan economy, the staffing agency has a huge presence in the workforce. According to the American Staffing Association (ASA), the Lone Star State employs over one million temp workers per year, each average nearly $35,000 as an annual salary. The staffing industry itself garners just over $12 billion per year. Texas has a very influential Staffing Association that lobbies in the interests of staffing firms very efficiently, assuring that legal impediments do not hinder staffing companies from expanding.
Georgia has a slew of veteran staffing company owners currently participating in the state legislature, and accordingly, there are few laws in effect that hurt the staffing industry. The Peach State, despite being mid-sized compared to Texas, often exceeds $5 billion dollars in annual sales, according to ASA.
The Sunshine State places few restrictions on the staffing industry and also have skillful lobbyists that have prevented unfriendly legislation from being passed, according to Staffing Industry Analysts. Florida ranks in third, however, because their temp staffing employees rake in slightly less on average than workers in other states. Nonetheless, with little red tape, Florida is not a bad place to own a staffing agency.
Texas, Georgia and Florida, for both their economies and their laws, make up our list of the top three states for staffing company owners. Are you looking for the top method of alternative finance in order to help your staffing company up its cash flow and expand? If so, talk to us—we serve tons of different types of staffing firms and can help your agency fix its financial situation.