To say that 2024’s labor market has been turbulent feels like an understatement. From turmoil on Wall Street and the uncertainty that always surrounds a presidential election year to the headline-grabbing layoffs in tech, it is understandable for there to be concern surrounding the economy and the state of labor in general. Despite the year’s…
Nearshoring: A Strategic Talent Solution Nearshore outsourcing has become a hot topic, offering companies a way to access top talent at a competitive cost. It’s more than just a passing trend; nearshoring is transforming the contingent workforce and attracting significant attention from companies of all sizes. The Numbers Tell the Story Latin America is currently…
As of 2022, nearly 60 million American workers — or 36% of the total workforce — are independent contractors. From small business owners to freelancers, the self-employment industry is becoming the career of choice for many entrepreneurs. Having the ability to control your service and the way it’s practiced is an admirable quality; while there…
In today’s ever-evolving staffing market, establishing a balance of cash flow is a challenge for many firms, but nonetheless crucial. No matter how successful your agency is, there is bound to be an eventual gap between your cash flow and your sales. And if there’s anything the past couple of years has taught us, it’s…
Front-office operations: The face of the company, where the business interacts with customers and clients. Back-office operations: The part of the business that is not client-facing, dealing with things like administration and finances. Back-office operations make the front office operations possible. Front-office employees serve customers and clients and, in any physical (as opposed to fully…
Running a staffing firm can be a highly profitable business, but only when you know what to charge your clients. While there isn’t a template or set-in-stone guideline for pricing your staffing services, there are some primary elements all businesses should consider when determining their markup value. Markups pertain to the percentage staffing firms charge…
One of the biggest challenges any staffing firm will face is how to properly manage its cash flow. A positive cash flow is essential for conducting a wide range of business tasks — but perhaps most importantly, ensuring that payroll is met for your employees and contractors on time. Even when you have a legitimate…
For many organizations, COVID-19 has put a wrench in the return-to-office plan. Now, as the world attempts to acclimate to a sense of normalcy, companies are offering more modern and functional work methods. Hybrid work cultures, for instance, have become the preferred way of working for the vast majority. According to Gallup, over 50% of…
Finding the ideal candidate for a specific position isn’t an easy undertaking. In fact, roughly 75% of companies have reported talent shortages and difficult hiring, which is likely due to the pandemic and the Great Resignation which followed. Now, as the economy looks to recover, the world has entered into a resurgence of the candidate-driven…
Advancing technology has transformed the way we work and live, so much so that it’s become embedded within our day-to-day activities and operations. For many people, daily tasks can’t even be completed without the help of a technological solution. When it comes to the workplace, the case is no different for employees. But many companies…
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