Top Tips for Managing & Financing a High-Growth Staffing Company

Staffing Company

By Scott Winicour, President of Gibraltar Business Capital

Staffing companies, particularly those with a strategic niche such as IT, medical, industrial or warehouse staffing, are positioned to thrive in the current business environment, which supports outsourcing employees rather than bringing full-time employees on board.

A common question that is often asked by small and mid-market businesses including staffing companies is how can business owners successfully manage and finance growth while steering their business and focusing on day-to-day operations?

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How Technology Can (and Will) Solve Outsourcing-Related Issues

The gig economy, though continuously evolving, is not going away. Each day it becomes more obvious that things need to change because the inefficiencies of business hold us back. A top priority for all companies in the next few years needs to be to adjust to the realities of the business world. Those companies that use technology to appropriately position themselves for adaptation in the future are those who will have a competitive advantage.

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The Number of Americans Working for Themselves to Triple by 2020.

There’s no denying it, career success to most Americans no longer means just climbing the corporate ladder. Long gone are the days of staying at one company with your entire tenure. Now more than ever, Americans want flexibility and self-employment as a way to create the freedom to control their career in an otherwise unstable economy. Just how many of us want self-employment? A projected 42 million.

In a new survey released this week by Freshbooks, the number of Americans working for themselves looks to triple—to 42 million people—by 2020. The survey, conducted with Research Now, finds that Americans who already work for themselves are very content to keep doing so, with 97% of independent workers (up 10% from 2016) reporting no desire to return to traditional work. Of the next 27 million independent workers, 42% will be millennials.

Read more on Quartz.com 

5 Reasons Why 2018 is the Year That On-Demand Staffing Goes Mainstream.

On-Demand Staffing Mainstream

On-demand staffing, the idea that companies can engage their staff only when they need them and where they need them, is poised for a breakout year in 2018.

Pioneered by Uber, refined by many technology-enabled staffing platforms, who provide on-demand services to consumers, the game is now shifting to where the real action is, corporate America.  Imagine that you run a retail chain, and instead of relying on each store manager to add staff when your stores are busy, the system automatically sends out push notifications to staff based on sales by hour increases and that staff can be targeted by those with the highest employee rating, closest distance, and immediate availability to work?

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Your Brand is Only as Strong as Your In-Store Talent. And They Want Flexibility.

Your Business is Only as Strong as Your Talent

Regardless of whether you perceive the gig economy in a positive or negative light, there is no avoiding its existence. A series of economic, social, and political trends have come together to produce the environment in which this explosively popular economic model is thriving, and businesses who want to remain competitive must learn to adapt.

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Almost All New Jobs in The US Are Gigs

Research conducted by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” jumped from 10.7% to 15.8%. This is even more proof that the traditional full-time job is rapidly disappearing. In fact, nearly all of the 10 million jobs created between 2005 and 2015 were not those of traditional employment.

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How to Use an On-Demand Workforce to Make Better Staffing Decisions

On-Demand Workforce

Supply chain management has greatly improved the health and efficiency of many companies, but it is no longer just a technique to bolster competitive advantage. Now, smart supply chain management is a must-have if an organization is to compete at all. In searching for new ways to streamline workflows and hedge for risk, many employers need to rethink their workforces as strategic tools.

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Sephora Named Store Concept of the Year

This week, Retail Dive announced their end-of-the-year awards, which are handed out to the best stores, products, and the top disruptors and innovators in the retail industry. While there are certainly plenty of contenders, these years’ awards have come under even more of a spotlight after all of the doom and gloom surrounding the retail industry this past year. While much of the focus in the news has been on those companies who have closed up shop or seen a slowdown, these winners are here to prove that the industry is far from apocalyptic. In fact, innovation and reinvention are around every corner. None more so than Sephora.

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