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Workers’ Comp for Staffing Agencies: Avoid Headaches with Proactive Solutions
By: Matthew Williams, General Counsel Navigating Workers’ Compensation in the Staffing Industry: Challenges and Solutions In my experience, workers’ comp for staffing agencies is one of the most critical and complex considerations for staffing entrepreneurs. Unlike traditional employers, you place workers across multiple job sites, industries, and roles, which can make claim management a challenge!…
Read MoreAvoid Cash Flow Gaps, Scale Your Professional Services Staffing Agency with Payroll Funding
Factoring Companies for Staffing Agencies Support Growing Demand Over the past few years, I’ve noticed the growing demand for professional services staffing in IT, legal, finance, and engineering industries. ASA research backs up my hunch: staffing agencies in this sector are on the cusp of unique growth opportunities! ASA’s 2024 Staffing Industry Playbook cites, “As…
Read MoreHow Payroll Funding Promotes Industry Diversity, Supports Minority-Owned Staffing Agencies
By: Craig Cohen, Director of Sales Craig is an experienced risk manager with the entrepreneurial spirit and leadership skills that support Encore client success. How Payroll Funding Supports Minority-Owned Staffing Agencies Access to cash remains a persistent challenge for minority-owned staffing agencies. The 2022 Fed Small Business Credit Survey found that only 19% of Hispanic-owned,…
Read MoreCreating a Winning Business Plan for Your Staffing Agency: Key Components and Best Practices
By: Craig Cohen, Director of Sales A Staffing Agency Business Plan is the Foundation for Success I’ve been in staffing for decades, and I’ve seen how a strong staffing agency business plan can set staffing entrepreneurs up for success. In a competitive market, your business plan serves as both a roadmap and a strategic tool…
Read MoreA Month in the Life of an Encore Payroll Funding Client
By: Kim Joyce, Director of Client Services Introduction to Payroll Funding As the Director of Client Services at Encore Funding, I see firsthand what it’s like to be a payroll funding client. Every day, our mission is to help staffing entrepreneurs overcome challenges with the funding, expertise, and support they need to grow. Whether you’re…
Read MoreIT Staffing Companies Payroll Funding: Tackle Growing Demand Head On
In my time at Encore Funding, I’ve seen firsthand the unique challenges that IT staffing companies face in meeting increased demand for cybersecurity talent. The need for skilled security experts has never been higher, as businesses across every industry scramble to safeguard against escalating cyber threats. This represents a major opportunity for IT staffing firms…
Read More7 Myths About Payroll Funding for IT Staffing Agencies
IT staffing agencies: learn the truth behind common payroll funding myths that may stop you from gaining the cash you need.
Read MoreIs Your Factoring Company Too Big? Signs It’s Time to Switch Funding Companies for Staffing Agencies
In the fast-paced staffing world, having the right financial partner can make all the difference. But how do you know if your current factoring company best fits your agency’s needs? Let’s explore the signs that your factoring company might be too big and why considering alternative funding companies for staffing agencies could be a game-changer…
Read MoreFinancial Sustainability: The Key to Success for Home Healthcare Staffing Agencies
Home healthcare staffing agencies face unique challenges that can make or break their financial sustainability. As a staffing entrepreneur, you’re often up against hurdles like operating in a highly regulated industry, lengthy documentation requirements, and long payment terms on invoices. These challenges don’t have to define your financial sustainability! Read on to explore how…
Read MoreCase Study: From a Modest Start to Million-Dollar Success in Medical Staffing
How Healthcare Factoring Fueled One Staffing Agency’s Growth Healthcare is often one of the most competitive industries for staffing. Our client, a medical staffing agency in Pennsylvania, faced unique staffing agency requirements and fierce contract competition, especially as a Pennsylvania Certified Small Diverse Business. Yet resourceful staffing entrepreneurs like our clients can overcome these hurdles…
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