Filter By "How to Grow Your Staffing Firm"

Staffing firms face many of the same challenges in financial management as other industries – market fluctuations, economic conditions, competition for market share.

While investments are essential to your business growth, choosing what resources to invest your hard-earned profit in is a tough decision. When you’re just starting out and your company is small, you may be able to “wing it.” But when you’re ready to take your staffing firm to the next level, it’s time to invest in the tools your team and your company needs to excel.

When recruiters perform at their peak, it’s better for everyone. They earn more income, which keeps them happy. They are better able to identify and attract top talent which is good for your clients and they make a better client/candidate match which is better for both of them, all of which brings you more business and revenue.

As a staffing professional, there’s no doubt you welcome any opportunity to boost your business, especially if it keeps your costs down too. The perfect solution may be a candidate referral program.

Winning staffing firms understand the importance of keeping a tight rein on their finances. No matter how profitable your business, it’s essential to examine and adopt practices that keep expenses down and profits high.

When you own or operate a staffing firm, you are responsible for many areas of focus. Financial management is only one aspect – but one of the most important ones. Your firm’s success and growth depends on the health of your finances.

No matter what the business climate, growing your staffing business is always a challenge. When the economy is strong, employers think they can fill positions on their own. When business slows down, they don’t want to spend money on staffing.

Staffing firms are far from immune from the ups and downs that befall most businesses. But there are strategies that can make the most of the upswings and weather the downswings. You have two different target markets: clients and candidates.

Acquiring new clients can cost as much as five times as retaining your existing ones. That’s why it’s critical to keep your current staffing customers happy. Consider these tips to keep your customers from straying to other providers...