By: Advance Partners When interest rates rise, businesses stop hiring, and payment terms stretch — staffing agencies feel it first. When you are paying employees weekly or biweekly while clients may take 30–90 days to pay, any shock to collections or volume hits cash fast. Economic uncertainty isn’t new, but the way smart staffing firms…
If you run a staffing agency, you’ve probably lived this paradox: the P&L shows profit, but cash feels tight every Friday. You’re not alone. Staffing firms can be operationally sound, winning new business, and still struggle to fund payroll. The reason isn’t mismanagement — it’s the math of the business model. The Cash Flow Paradox…
Running a staffing agency means juggling weekly payroll, multi-state taxes, invoicing, and collections—while also recruiting, selling, and keeping clients happy. And even for the most motivated owner-operators, keeping everything in the air is a challenge. Even the most profitable firms hit a point where back-office work slows growth. So the question becomes, when should a…
Quick Summary: This article explores today’s biggest travel nursing challenges—from pay and tax issues to burnout and licensing—and how healthcare staffing firms can help through accelerated pay, tax education, wellness support, and flexible assignments. The 2020 pandemic brought unprecedented demand for healthcare workers, driving explosive growth in the travel nursing market. Facilities scrambled to fill…
In the world of economics, a recession is a significant decline in economic activity that lasts for an extended period. When a recession hits, it can have a profound impact on various industries, including staffing firms. But what about addressing challenges after the recession is over and the economy is in recovery? Staffing agencies must…
What’s on everybody’s mind lately amidst inflation and uncertainty? A possible recession. What does that mean for staffing firms? During times of economic uncertainty, talent management becomes a critical component of organizational success. Recessions often lead to workforce reductions and budget constraints, making it challenging for companies to attract, retain, and develop top talent. However,…
Staffing firm owners may be leaving critical funds on the table – potentially tens of thousands of dollars – all from not knowing these four words: Employee Retention Tax Credit (ERTC). Enacted as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in 2020, this tax credit provides employers up to $7,000…
The IRS recently ended Good Faith Transitional Relief for inaccurate or incomplete Affordable Care Act (ACA) reporting beginning tax year 2021. Translation: you could soon be facing increased penalties for ACA non-compliance. At the same time, the agency is facing funding and staffing issues and a massive pandemic-related backlog of paperwork. So, if you are…
When the pandemic first hit the US and business as usual came to a screeching halt, unemployment soared to extreme levels. Suddenly, a significant part of the population was relying on increased unemployment benefits and for longer than the typical 26 weeks. That extra money had to come from somewhere. And it came, and went,…
Note: reposted from RecruitingDaily’s Use Case Podcast In episode 162 of the Use Case Podcast from Recruiting Daily, host William Tincup speaks to our own Jeremy Bilsky about how staffing firm owners make the business case or the use case for purchasing Advance Partners services. The conversation provides a great introduction to what we do…
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