Having the ambition and a clear plan for what kind of staffing firm you want to run is all well and good. But do you have your bases covered regarding your administration responsibilities? Often, new staffing firms falter in their performance levels because their owners have neglected or underestimated how much paperwork and compliance is involved.
If you want your staffing firm to be capable of growing to compete with the big staffing firms, you need to ensure all your back office responsibilities are met head-on. Fortunately, you can outsource major responsibilities to an expert back office solutions provider. Curious as to which major responsibilities you can outsource? Read on then.
When you’re starting out with your staffing firm, there’s going to be several pay structures to keep straight. You not only must concern yourself with payroll for your staff and placed candidates, you need to make sure you have a backup plan for instances when your clients’ pay schedules don’t line up with your own.
A back office solutions provider can set you up with payroll financing to ensure you can always pay your staff and candidates. Your payroll worries will be laid to rest with payroll financing.
Staying compliant with all of Canada’s workforce laws is a tall order for new staffing firms, especially if you are a branch of a foreign company. Canadian business laws are evolving all the time.
Some labour laws to keep on top of include minimum wage, benefits, paid leaves, and misclassification.
Outsourcing your compliance to a back office provider will be one of the most proactive moves you can make. Back office providers have experts who specialize in employment law. They’ll ensure you meet your compliance obligations on an ongoing basis.
HR and Client Administration
The amount of data and paperwork your staffing firm will generate for all your employees, candidates, and clients will be astounding to you. The more your database grows, the more streamlining there will need to be for everyday data entry and application intake. This is one more significant responsibility that outsourcing can help with.
A back office provider can offer you access to proprietary software for your front office and back office admin. Back office experts can implement this software to allow you to input and update applications in real time, as well as track candidates and their success in their placements. You can even track your firm’s overall productivity and performance levels in order to actively make improvements with up-to-date analytics.
Think of your back office as the backbone of your staffing firm. Without proper solutions in place to bolster your financing, compliance, and general administration, your ability to focus on the core of your business decreases. The more you have to fixate on the back end of your business, the more your front end suffers. Outsourcing key responsibilities to back office providers unburdens you and allows you to develop a sustainable niche.