The famous UCLA coaching legend, John Wooden used to say that we should “Never mistake activity for achievement.” That philosophy can be used when working in the Recruitment Industry. You work so hard, either on retainer or fee based accounts, but sometimes our effort isn’t immediately rewarded. If you want to maximize your time and your recruiting efforts, and receive a steady income from recruiting, have you ever thought about contract staffing? The world is changing and temporary or contract staffing is a great service that you can offer your clients. The mixture of full-time and contract hires is “recession-proof.”
What are some of the things you should consider to take your firm into contract staffing? Here are some items to consider when starting your staffing office:
Do I want to tie up my line of credit on payroll?
Banks have a tough time lending to fast growing staffing and recruiting companies. Our solutions are geared towards your specific needs because staffing and recruiting is our specialty!
Do I have the funds to wait on clients to pay their invoices?
In staffing and recruiting, time is money. The longer it takes for a client to pay, the more it stunts growth. Signature helps by giving 100% of gross profit weekly.
Do I want to handle the invoicing to my clients?
Sometimes, owners of staffing companies work outside of their comfort zone, conducting the duties of finance and accounting. Most of Signature’s clients enjoy a stress-free invoicing process, because we handle it all.
Do I need a payroll funder?
Yes! If you want to grow as fast as possible, payroll funding is the answer.
What would a funder do for me besides payroll funding?
- Federal Income Tax Withholding
- Social Security (employee and employer share)
- Medicare (employee and employer share)
- Federal Unemployment
- State Income Tax Withholding
- State Unemployment Insurance
- State Disability Insurance (if applicable)
- Worker’s Compensation Premiums
- Year-end W-2 Forms
- Expense Reimbursements
- Direct Deposit into Employee Bank Accounts
- Certificates of Insurance – Commercial General Liability, Workers Comp, Umbrella Coverage, Auto Coverage, Employer Practices Liability, Employee Dishonesty Bonds, and Background Checks.
At Signature Back Office Solutions, we not only fund your payroll, but take care of so many items in the back office. We give you your time back to do what you do best! Recruit!
Make the most of your day and your business. Consider contract staffing and let Signature Back Office Solutions be your back office provider.