Why is payroll factoring better than a small business credit card?

When your staffing firm has a cash flow issue, it may seem like an easy fix to reach for the plastic.   However, there are downsides to using small business credit cards.   Credit cards require a great deal of personal management to stay abreast of changing terms, interest rates and even perks.   Your […]

5 free online tools for staffing firms

There are many free resources available that can benefit your staffing firm, if you know where to look.   Here are five online tools for managing everything from your social media accounts to job postings.   1. HootSuite – Managing multiple social media accounts can be difficult. HootSuite is an easy-to-use interface that allows you to […]

Succession planning for your staffing firm

Succession is one of the most important decisions you will make for your staffing business. There is no better time to start planning than the present – the sooner you have a strategy in place, the smoother the transition will be.   Unsure where to start? Follow our tips to ensure succession success.   1. Have […]

How should I communicate the role of my payroll factor?

Staffing firms have credit constraints due to a variety of reasons, including personal credit problems, start-up business costs, low margins or no working capital.   In those situations, they turn to a payroll factor to provide the necessary financing for weekly payroll and other expenses, such as workers’ compensation insurance, office equipment, additional office personnel […]

6 things to know about workers’ compensation

Workers’ compensation can be the bane of a staffing firm’s existence. All staffing firms need workers’ comp insurance for their temporary employees, but it is expensive, and managing claims takes time away from your business.   In addition, workers’ comp is often more difficult to manage in staffing than it is in other industries, because […]

5 ways to maximize client value

Your most valuable assets for revenue, referrals and feedback — your existing customers — are already at your staffing firm’s fingertips. You just need to know how to tap into them.   Attracting a new customer costs five times as much as retaining an existing one, according to data from Lee Resources International Inc., making […]

2014 staffing industry outlook

The temporary employment industry is set to have another successful year, as Staffing Industry Analysts predicts it will grow at a rate of 6 percent in 2014.   Temporary staffing continues to become a more permanent fixture for businesses, and the IT sector and overall workforce continue to grow. While many firms are struggling with […]

What is virtual staffing, and should my firm consider it?

Virtual staffing, which provides remote workers to employers, has become increasingly popular as the concept of the flexible workforce has gained ground. Seventy-three percent of working adults say flexibility is one of the most important factors they consider when seeking a new job, according to a recent Mom Corps survey conducted by Harris Interactive.   […]

What payment options are available for my clients?

At TemPay, we make the customer payment process both simple and safe. There are many convenient payment options available for your staffing customers to pay their invoices.   Automated Clearing House/electronic funds transfer payments is a direct deposit method of remitting payment directly to TemPay’s bank account. It is inexpensive, with the cost varying from […]