Staffing agencies and recruiting companies are becoming more popular. Candidates depend on them to find jobs and employers depend on them to find qualified candidates.
Below are some interesting statistics from the American Staffing Association about staffing agencies, recruiting companies and the candidates and employers that use them.
The statistics above support the statement that the staffing industry is growing. Companies need assistance finding qualified candidates and candidates need to find employment. Staffing agencies are the ones to help. Take advantage of the growing demand by making your staffing agency stand out above the rest.
One major issue staffing agencies face is keeping up with payroll as demand for their talent grows. This becomes especially difficult when customers take 30 to 60 days to pay, and you need to pay your employees biweekly, or even weekly.
Payroll funding is a financing solution many staffing agencies depend on to help expand and grow their agencies. Instead of waiting to get paid, payroll funding gives you the working capital you need to pay your employees, get caught up on bills and take on new contracts. What’s more, when you partner with TCI Business Capital, you receive the value-added service of collections services, reducing burden on your team.
To find out more about payroll funding for your staffing agency, contact a financial expert at TCI Business Capital. 800-707-4845.