Do you know how much time you spend on HR administration? How about payroll? Compliance? Do you know how much this time is costing you? Not to mention all of the software, equipment, and supplies you need to buy. These administrative tasks are probably taking you away from your core business. And they’re probably stressing you out. The fear of making mistakes and being noncompliant can be overwhelming, especially when you don’t have the required expertise, experience, and knowledge to ensure complete accuracy, efficiency, and effectiveness.
Handling these tasks in-house can be quite expensive, time consuming, and stressful. You have better things to do with your time than to input data and perform other tedious and repetitive tasks. You have better things to spend your money on than the expenses related to these responsibilities. And you have more important things to worry about than double checking numbers, filling out paperwork correctly, crossing your T’s, and dotting your I’s.
The staffing industry is on the rise and, as such, is incredibly competitive today. As more businesses seek out the services of staffing firms, more and more entrepreneurs are starting their own agencies to cash in. In order to stay competitive, you need to focus on your strategic planning, services, and sales—not back office work. Outsourcing administrative tasks is just good for business.
But outsourcing to just any back office solutions provider might not be the best decision. They’re not all created equally. You need to partner with a solutions provider that is dedicated to the staffing agency. This is the only way to ensure that your unique needs will be appropriately met.
Here are some of the reasons why you should choose a back office solutions provider that is dedicated to your specialized industry.
Your Staffing Agency Has Unique Needs
Your staffing agency will have wildly different challenges, risks, and opportunities than say a construction company or a restaurant. Your insurance requirements will be more comprehensive. Your cash flow needs will need to be seriously considered—you might even need payroll financing. Your employee situation will be incredibly unique—with permanent staff, temp workers, and independent contractors. Your onboarding and payment needs will be much more complex and require greater time and attention. And you will have very specific rules and regulations to comply with in order to operate your agency within the law.
And you need a back office solutions provider that understands all of these unique challenges and risks and already has measures in place to make sure your agency is adequately protected and that all of your risks are efficiently managed. Working with a back office solutions provider that is dedicated to the staffing agency will ensure that you get a tailored approach that matches your unique needs, not a one-size-fits-all solution that isn’t customized for your type of industry.
You Require Specialized Experience and Knowledge
A back office service provider that is dedicated to the staffing industry not only understands what you’re going through, but has the experience and knowledge you need to better run your back office so it’s as efficient and effective as possible. These providers have experts on staff with backgrounds and experience in the staffing industry, so they’ll be able to pinpoint opportunities you might not have seen or identify red flags that you might have ignored, because they know what it takes to run a successful staffing agency, from the front end to the back. This experience can be invaluable to your firm.
You Want to Get Started Right Away
Having to spend weeks or months explaining to your back office solutions provider exactly how your industry and your staffing firm work is a waste of time. But when you work with a solutions provider that already has experience working within your industry, you can get started right away, without any hiccups, hassles, or troubles.