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3 Little-Known Benefits of Contract Staffing for Staffing Firms

Posted by Corinne Camara

|

Apr 20, 2018 9:00:00 AM

3_Little_Known_Benefits_of_Contract_Staffing_for_Staffing_FirmsStaffing firms are often hesitant to start offering contract staffing as a solution to their clients, and not without good reasons. Contract staffing presents unique challenges regarding administration and compliance. When you consider the fact that Ontario made major changes to its Employment Standards Act just last November, it’s no wonder staffing firms are daunted by these potential challenges.

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You might be surprised, however, to find out that it’s actually riskier to avoid offering contract staffing than it is to juggle admin and compliance. That’s because the most competitive staffing firms recognize that many businesses are actively hiring within the gig economy.

The benefits of contract staffing, such as flexibility and low costs, allow businesses to focus on their growth. That principle goes for both clients and staffing firms, believe it or not. There are many myths out there about how contract staffing can hurt a staffing firm’s progress, but the truth is quite the opposite! Read on to debunk some myths and learn about three little-known benefits of contract staffing.


1. Improves Your Productivity

One of the prominent myths of contract staffing is that only non-viable candidates or those “between jobs” are looking to become contractors. Despite its persistence, this myth holds no water in today’s gig economy, which is driven by highly skilled workers who often prefer contract work to permanent full-time work.

Today’s candidates for contract work are looking to supplement their main income or, alternatively, they find the flexibility of contract work more fulfilling. Experienced contract workers are used to adapting quickly to new work environments, honing their specialized skill set with each project completed for a client.

With contract staffing as a service offering, you can offer your clients a fast solution to their short-term projects as well as address leave management issues they face.

Being able to provide quick and flexible contractors will increase the number of placements you make per client, which means securing a recurring revenue stream for your firm.


2. Mitigates Your Risk of Losing Clients

Another myth held by the staffing industry about contract staffing is that it’s a high-risk solution. As already mentioned, contractors do come with some significant admin and compliance challenges. The most challenging are payroll and employee classification.

Yet, there are many resources available to firms to keep these admin and compliance tasks manageable, like a back office services provider. Providers like The Staffing Edge are experts in Canadian compliance and offer many solutions to account for the complexities of offering contract staffing services.

When you have a strong infrastructure in place, your contractors are actually the key to lowering your client turnover rate. When you make permanent placements with a client, your working relationship is effectively over. One of the major benefits of contract staffing is that your client relationships will last longer and their loyalty to your brand will strengthen over time.


3. Grows Your Business Value

Lastly, perhaps the most pervasive myth about contract staffing is that the service doesn’t add much value to your business. This myth arises out of the previous assumptions about contractors—that they aren’t qualified workers and there’s too much admin risk involved. With what you know about Canada’s booming gig economy, however, this myth is easily debunked.

When your firm offers contract staffing, one of the most overlooked benefits is how much value is added to your business.

When the strength of your business is as much its contractors as its recruiters, you’ve unlocked a lucrative revenue stream that grows your business value continuously. Take stock of these three little-known benefits and get the help you need to set up your contract staffing services.


Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

Contract Staffing Compliance: How Small Mistakes Can Cost You

Posted by Stacey Duggan

|

Mar 23, 2018 9:00:00 AM

Contract_Staffing_Compliance_How_Small_Mistakes_Can_Cost_You.jpgThere’s no better time to dive into the contract staffing industry than now. The gig economy is booming, and there has been a rapid increase in global adoption. In fact, McKinsey estimates that online talent platforms, which includes the gig economy, could boost global GDP by a staggering $2.7 trillion. The reason for that being the case is that independent contracting is no longer just a side hustle; for many workers (both young and older), it’s their careers.  

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Before you can unlock a lucrative revenue stream with contract staffing, however, you’ll need to ensure that your new agency is compliant. 100% compliant. Believe it or not, growing a successful contract staffing business is interconnected with successfully maintaining ongoing compliance. The reason for this is that non-compliance is costly, perhaps more so than any other challenge you’ll face in the industry.

Think that’s a bold statement? Read on to find out how it’s actually the small mistakes that are the riskiest to make in contract staffing compliance.


Steep Penalties for Misclassifying Workers

The Canada Revenue Agency is starting to crack down on misclassification of workers—especially within the staffing industry.

There has been a substantial precedent of bosses willfully misclassifying their employees as “independent contractors” to save on costs and reduce administrative hassles. Due to this issue, the CTA aims to better protect workers by ensuring they are properly classified.

If you accidentally misclassify your candidates or staffing agency workers, you will fail your contract staffing compliance. Doing so means you will be subject to anything from prosecution and public disclosure of your conviction to several monetary penalties (e.g., unpaid income tax, employment insurance, Canada Pension Plan Premiums, etc.).

Needless to say, none of these consequences will reflect well on your new agency’s brand or do you any favours financially. So, make sure you have a clear understanding of the difference between an employee and an independent contractor.


Penalties for Failed Remittances

When you’re a new agency trying to grow its resources, failed government tax remittances can potentially be deadly to your business. For any failed remittances that are over $500, you will be charged as follows:

  • 3% for 1-3 days late
  • 5% for 4-5 days late
  • 7% for 6-7 days late
  • 10% for more than seven days late, or if no remittance is made

While it’s understandable that scheduling and bookkeeping for a growing agency can be daunting, know that slip-ups regarding tax filing and proper deductions definitely add up.

Consider partnering with a back office services provider that has experts in Canadian tax compliance on staff as well as all-in-one software that helps you streamline the admin duties for back office tasks like payroll and HR.


Losing Your Candidates and Clientele

When you don’t do your due diligence with admin tasks, as tedious as they may be, they can lead to some of the critical (yet sometimes small and accidental) mistakes discussed above.

The wrong classification for a worker can lead to prosecution, forgetting to file or improperly filing taxes can lead to ever-increasing penalties, and failing to pay your employees and candidates will lead to another detrimental consequence: the breakdown of your working relationships. I’m sure we don’t need to go into much detail about what happens when you start losing the people who make your agency a possible venture...

If you want to run a successful contract staffing business, always remember this fact: The effectiveness of your admin process is tied to your ability to keep up your contract staffing compliance.


Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

5 Ways Your Agency Will Benefit from Offering Clients a Contract Staffing Solution

Posted by Laura D’Andrea

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Mar 16, 2018 9:00:00 AM

5_Ways_Your_Agency_Will_Benefit_from_a_Contract_Staffing_Solution.jpgContract staffing can unlock a lucrative revenue stream for your agency. We know you might’ve heard nightmare stories about sky-high paperwork and even more admin duties to add to your daily operations, but there is a way to enjoy the benefits of contract staffing while minimizing the pain of accompanying paperwork and compliance work.

Download "10 Things You Need to Know When Starting a Temp Staffing Agency"

Currently, the gig economy is booming. That means employers prefer contract staff in many sectors. Now is a great window of opportunity for your agency to jump on board and offer clients a new solution: contract staffing.

There are more ways than ever before to tackle the potential issues of contract staffing in Canada. But first, are you curious how your agency will benefit from offering such a staffing solution? Check out five benefits below.


1. Gain More Clients

The first obvious benefit is one we’ve already touched on a bit above. When you can provide the type of staffing that’s in demand, your agency will attract more clients by default. Offering a contract staffing solution means starting off on the strongest path if your agency is relatively new and improving your on-target earnings considerably if you’re a more established agency.

Clients in IT, HR and administration, construction, and even medical fields are looking for contract staff because it affords them more flexibility for their projects and helps them fill empty roles quickly.


2. Retain More Clients

This second benefit comes part and parcel with the first. When your clients’ demands are easily satisfied by your contract staffing solution, your agency will retain more of its clients because they’ll know they can trust your performance rates. Of course, the strength of this benefit is enhanced if your agency has chosen a good niche and knows its strengths, both of which are keys to growing your agency.

Offering contract staffing services gives your clients options for their staffing needs, including cost effectiveness and better access to the skills their companies lack. Happy clients translate to a great brand reputation for your agency.


3. Offer More Variety for Candidates

Some of your talent pool might prefer contract work and the variety it provides. Some candidates are looking to flex their skills in various roles and projects. Others want to test the waters of opportunity for a specific industry by taking on multiple contracts.

Consider the fact that offering a contract staffing solution is also beneficial to your candidates, improving retention for skilled workers at your agency as well.

In the age of the side hustle, increasing the amount of flexible work available for your candidates is always a good idea. Nearly a quarter of the Canadian workforce is currently made up of temporary workers and self-employed individuals because they’re looking to achieve better work-life balance.


4. Agency Costs Are Reduced

Contrary to some myths held about contract staffing, your agency will be able to manage its resources with such a solution. Your agency will pay only for the time worked on a contract, as opposed to permanent staffing where you will be paying for an indefinite period of time according to your agency’s schedule. If you offer both permanent and contract staffing, then your agency will actually be able to generate more revenue between the two, with extra security for the leaner months.

Since contracts are set for an exact period of time, your agency will see less HR and payroll paperwork in some instances.


5. There Are Back Office Providers Who Can Take Admin off Your Hands

Last but not least, your agency doesn’t need to fret endlessly over matters of compliance, payroll, and HR admin anymore. A Canadian back office provider can act as an extension of your daily operations. These providers are experts in business legislation regarding contract staffing.

So, what are you waiting for? Offer contract staffing as a solution and see your agency’s success soar!


Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

What Is the Future of Temp Staffing?

Posted by Chelsea Henry

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Jan 10, 2018 9:00:00 AM

What_Is_the_Future_of_Temp_Staffing.jpgOften, the future is approached with hesitation and fear, especially in the staffing industry. The unknown ways the market may shift can leave both businesses and staffing agencies vulnerable if not prepared.

Download "10 Things You Need to Know When Starting a Temp Staffing Agency"

Keeping ahead of the trends can be the difference between a successful agency and a failing agency in five years’ time. Below, we predict how the contract staffing industry is expected to change in the foreseeable future. How will these changes impact your business?


Continued Growth

The temp staffing industry in Ontario has maintained continuous growth over the past few years. In 2018, it is expected to continue to grow by three percent. The majority of businesses still consider profitability to be their main priority, so the prospect of saving 30 percent when hiring temp workers over employees is extremely tempting. Because they require no employment insurance, CPP, benefits, or vacation time, independent contractors are significantly more appealing for companies looking to stretch their dollar.

An increase in the demand for temp staff will require staffing agencies to continue to develop their candidate pools to accommodate this increased need.


Perception Shift

The temp staffing industry often gets a bad rap. Whether it’s that temp staffing firms take a cut of temps’ pay cheques or all temps are unskilled, we’ve heard it all. We, however, know this simply isn’t true, and it’s time for the rest of the world to know it as well.

With the continued growth of the staffing industry, more people are becoming aware of the benefits of temporary recruiting and how it can benefit both Canadian workers and businesses.


Increasing Opportunities for Qualified Candidates

As the baby boomer generation reaches the age of retirement, there will be a significant gap in the workforce. Many empty positions will need to be filled. While technology is making more and more positions redundant, there are many jobs that can never be replaced by technology, leaving great opportunities wide open for qualified candidates.

This means staffing agencies will need to potentially alter their hiring processes to appeal more to the millennial demographic, compared to the previous hiring practices of the older generations, in order to attract top-quality candidates.


Focused Industries

In the future, it is predicted that we will see a decrease of temp staffing positions in the private sector and service industry, and an increase in the governmental, healthcare, education, and construction industries. This is where temporary staffing agencies’ niche markets may be affected and could prompt the restructuring of your agency if you’re focused on an industry that is facing decreasing demand.


Continued Importance of On-Demand Placements

In today’s technological age, we want everything instantly. With just the touch of a few buttons, you can order food, catch a taxi, or pay a bill instantly. The same need is transcending the staffing industry.

When companies want to hire employees, they want them now. This means that future temporary staffing positions will need to be filled quickly—the sooner the better. As such, staffing agencies need to find a way to maximize their efficiency and speed up their hiring processes now in order to stay up to speed with the requests of their clients.


Flexibility, Flexibility, Flexibility

It’s so important, we had to say it three times. With all the other changes coming to the temp staffing industry, your agency needs to be extremely flexible to accommodate any and all situations.

A client wants a qualified candidate by the end of the month? Flexibility.

You’re introduced to a new industry you’ve never recruited in before? Flexibility.

It’s all about flexibility. This means expanding out of your comfort zone and trying new procedures in order to meet clients’ needs.


Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

7 Temp Staffing Myths and How to Dispel Them

Posted by Chelsea Henry

|

Jan 1, 2018 9:00:00 AM

7-Temp-Staffing-Myths-and-How-to-Dispel-Them---compressor.jpgOver the years, the temp staffing industry has developed a fairly unfavourable reputation, even as the market flourishes. With this unjust perception of the staffing market comes a variety of myths that paint the industry in a negative light, but they’re simply untrue.

Download "10 Things You Need to Know When Starting a Temp Staffing Agency"

If you want to boost your contract staffing agency, here are the myths you need to debunk to convince your clients of the benefits of temporary staff.

1. Temps Are Unqualified

In reality, temp workers are often more qualified than other candidates. Due to the nature of temp staffing, workers have significant experience in multiple workplaces performing a variety of different tasks. Their adaptability and acquired on-the-job skills make them some of the most qualified candidates in any given job search.

2. Temp Agencies Are a Last Resort

Some people believe temp staffing agencies only need to be contacted once their own personal recruitment pool has dried up. Of course, you know this isn’t true.

Working with a temp agency right from the start can save companies money and time. Staffing agencies like yours will already have a selection of candidates with a variety of different experience levels and skills to make the perfect addition to any company. Staffing agencies shouldn’t be the last resort; they should be the first number called at the start of any job search—temporary or otherwise.  

3. Temps Are Unreliable

Temp workers don’t fill temporary positions because they can’t get full-time jobs. Most people hired in temporary staffing positions do so because they enjoy the uniqueness of the positions, the opportunities for onsite learning, great pay, and flexibility.

Their desire to work in the temporary staffing industry has nothing to do with their character or characteristics, but they’re instead driven towards the perks and the benefits of temporary employment, which means they are excited to show up to work.

4. Temps Are Only a Suitable Option for Low-Level Positions

There are temporary staffing opportunities in all levels of the labour industry—you know this, but your clients might not. While there are temporary positions available for entry-level candidates, staffing agencies are always searching for candidates in mid- to senior-level positions as well.

If anything, the candidate pool becomes thinner as the qualifications for a position become more specific, as they would need to be for a senior-level position. In cases like this, your temp staffing agency may just be the best resource for clients to find experienced candidates.

5. Temp Staffing Agencies Are a Waste of Money

How many hours have your clients wasted trying to find suitable candidates for empty positions? The answer: too many. Staffing agencies help companies focus on their primary services, which bring in revenue.

When you think of all the other steps of the recruitment process including advertising, screening, interviewing, and more, temp staffing agencies end up saving companies a ton of valuable time—time that translates into money. So, when you think about it, the ROI spent on a staffing agency pays for itself in the long run when you factor in all the time that would be needed to conduct a proper recruitment process.

6. Temps Can’t Be Hired on Full Time

On the contrary, what better way is there to test out employees before hiring them full time? Hiring an employee as a temp first can ensure they have the necessary skills and are an appropriate match with the company culture.

Explain this to your clients: They wouldn’t buy a car without test driving it first; they should think of their temp workers as a test drive. The best part is if they’re not a perfect fit, it’s on to the next one without any repercussions.

7. Temps Are Impossible to Find in Specialized Industries

There are no industries that are off limits to temp workers. You know this—you might work in a specialized niche industry yourself. If there’s a job to be filled, a competent staffing agency will be able to fill it, no matter the industry. The previously established candidate pools that staffing agencies compile make searches in these niche markets much easier to navigate.

Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

8 Benefits of Contract Staffing Your Clients Will Love

Posted by Ray Gonder

|

Dec 29, 2017 9:00:00 AM

8_Benefits_of_Contract_Staffing_Your_Clients_Will_Love.jpgYou’ve recently starting offering contract staffing at your agency. Now you need to get clients to use these services.

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Having trouble getting your clients interested in contract workers? Check out these top benefits of contract staffing, so you’ll know how to convince your clients it’s a great solution to their various staffing needs.


1. Added Flexibility

Your clients always want to be able to match their workforces to their staffing needs, without being over- or under-staffed. One of the many benefits of contract staffing is that it allows your clients to maintain optimal staffing levels, adding more staff or reducing the workforce when needed.


2. It’s Cost-Effective

Paying a full-time employee means your clients also have to factor in benefits, time off, bonuses, and any other employee expenses. When they consider that on top of the regular paycheques they have to provide, it just makes sense to go with the no-extra-frills savings that accompany contract staffing.


3. Business Model Diversity

By using contract employees, your clients can adopt a wide variety of projects without having to worry about having enough staff with the right skills. Whether short-term or project-based, they’ll always have access to a variety of individuals who can help complete assignments, whatever they may be.


4. Candidate Quality

Accessing the benefits of contract staffing is one of the best ways to tap into a candidate pool of individuals with very specific skill sets. The majority of contract candidates change roles frequently and easily adapt to new environments. They are motivated individuals who thrive while learning on the job. If your clients are looking for highly skilled and adaptable candidates, contract staffing is the way to go.


5. Short Turnaround Time

When your clients have demanding projects that need immediate attention, they don’t have time to wait for a lengthy turnaround time. With most contract employees available on short notice, they can have highly skilled contract staff in a matter of just a few days.


6. Low Risk

Due to the fact that your clients can send back temporary employees to your agency if they’re not meeting performance expectations, they do not hold the same amount of risk as hiring a full-time employee.


7. Opportunity to Pursue Future Full-Time Commitments

If your clients find a contract employee that exceeds their expectations, they always have the option to offer them a full-time position. Contract staffing, therefore, allows your clients to conduct a trial run and ensure any full-time commitments they’re making are worth the investment ahead of time.


8. Staffing Agencies Make It Easy

Your staffing agency can make contract staffing a breeze by always having a list of qualified candidates on-hand to meet your clients’ needs. Instead of the HR department dedicating hours upon hours on finding the right candidate and having to learn the ins and outs of contractor compliance, you can provide these services instead. Your clients can breathe a sigh of relief and know their contract staffing will be dealt with quickly and diligently.


Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

Eliminate Temp Agency Issues with These 3 Tips

Posted by Chelsea Henry

|

Nov 22, 2017 9:00:00 AM

EliminateTempAgencyIssueswithThese5Tips.jpg

There’s no better time to be in the temp recruitment industry. The gig economy is booming in Canada, and for the millennial generation (the largest percentage of the current workforce) workplace flexibility is considered the norm. But there’s a catch, as you might’ve noticed—competition is fierce in the staffing industry and only the best agencies can compete with the big staffing firms.

Download "10 Things You Need to Know When Starting a Temp Staffing Agency"

Streamlining your daily operations is vital if you want to maximize your resources and (by extension) expand your profit margins. Here are three tips that will help you eliminate temp agency issues.

1. Invest in Recruitment-Focused Software

We know you might find this first tip a tall order when you’re just starting out as a temp agency. However, keeping up with more established agencies (whether big or small) will be impossible without the right technology. Investing in proprietary software that’s focused on the day-to-day admin issues of your agency is about ensuring your recruiters can optimize their performance levels.

Without technology, your recruiters will miss out on talent because they won’t be able to engage with candidates fast enough due to red tape and inefficiencies in the recruiting process.

A good applicant tracking system, with client relationship management and payroll features, is vital to steadily improving your staff performance levels. Invest in recruitment software that streamlines your daily operations.

2. Engage Canadian Compliance Experts

This tip is useful for both foreign and Canadian agencies in the staffing industry. A tricky aspect of running a successful temp agency lies in being vigilant about compliance with Canadian business laws. Your agency’s profits can disappear if you’re uncompliant. Whether it’s due to a simple matter of overtime regulations or something more complex as employee misclassification, you could face not only thousands of dollars in monetary fines but prosecution as well.

Engaging compliance experts can save your agency in the long run. They’ll keep your agency compliant, so you can keep your profits.

3. Find Pre-Emptive Financing Options

We don’t need to overstate the importance of your agency’s financing. Having said that, we do think pre-emptive measures for financing have been understated to new agencies. Being competitive isn’t just about speed and efficiency, it’s also about protecting your investments.

Your clients will have varying payment schedules to yours—they may not pay you for your services in time for you to make payroll. Others may not pay at all. You need to be able to ensure these incidents don’t affect payroll.

A back office solutions provider can offer you payroll financing to help you avoid payroll issues. It will purchase your invoices and give you cash upfront so you can pay your workers on time, every time. When you don’t have to fret over whether you’ll be able to pay your workers on time, you can focus on your core business.

We hope you consider these three tips. They’ll eliminate a host of common obstacles that can make running a temp agency difficult.


Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

How to Show Clients Temp Staffing Is Right for Them

Posted by Corinne Camara

|

Nov 15, 2017 9:00:00 AM

HowtoShowClientsTempStaffingisRightforThem.jpg

Are you having trouble convincing potential clients that temp staffing is right for them as a hiring solution? We’re here to help you show clients who are on the fence that there are more benefits to temp staffing than they might think.

Download a Staffing CEO's Guide to Online Marketing

Industry-Specific Expertise

If your agency is focused on a staffing niche, you know that your candidate base is made up of talented industry specialists. Temp workers are often industry veterans who are looking to supplement their income or take on new challenges.

Let your clients know your staffing agency can provide them with highly skilled candidates who can hit the ground running after their placements. One of the major advantages of engaging with a niche staffing firm is that you can land talent for specific positions and not worry about spending too much time or resources on training. So, if your client is looking to land candidates for an industry-specific project, temp staffing is ideal.

What Slow Season?

Another great aspect of temp staffing that often gets overlooked is how it reduces the complications of seasonal turnover and employees on leave. When your clients have access to a steady stream of candidates when they need them, their businesses can kiss slow seasons for productivity goodbye!

Be sure to inform clients they will have the ability to supplement their staff whenever the need arises thanks to temporary staffing. As already mentioned, your clients might have special projects they need completed but are lacking in manpower or skilled permanent employees to do so. Clients no longer have to shelve important tasks or stretch their available staff thin with overtime to cover empty positions or complete special projects.

Boost Your Resources

Speaking of overtime, your clients will also be happy to know that temp staffing is often more economical than permanent staffing. When you provide skilled temp workers for your clients, they will have more than enough staff to cover all bases throughout the year, reducing the costs of overtime work.

Explain to your clients that many businesses are choosing to engage with temp staffing firms because it reduces their overhead costs in several ways. With a staffing firm, clients have ready access to candidates who won’t cost them in extra training, who can provide specific talent for only the time needed, and who don’t need benefits packages.

Take what you’ve learned here about how temp workers offer clients an efficient and profitable hiring solution and weave it throughout your online marketing strategy. Your future clients will thank you for offering them such a solution.


Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

3 Top Industries That Hire Temporary Workers

Posted by Corinne Camara

|

Nov 10, 2017 9:00:00 AM

3 Top Industries That Hire Temporary Workers--.jpgAs the owner of a new Canadian staffing agency, you know without a doubt that the country has been shifting to a nation of temporary workers. Since the recession, the Canadian economy has been slowly recovering and the mindset among employers and young workers has shifted as well.

There are now many industries that need temporary workers so they can gain more flexibility for the unpredictable economy as well. As a staffing agency, you’ll want to know which industries are most in need of temporary workers so you can position yourself as a go-to source for their hiring needs.

Download "10 Things You Need to Know When Starting a Temp Staffing Agency"

If your staffing agency falls into one of the three categories discussed below but doesn’t currently offer temp staffing services, now’s the time to consider offering them.

1. Trades and Industrial

Perhaps out of all the Canadian industries, the trades and industrial sector is most in need of temporary workers. Statistics Canada was quoted in recent years as identifying a growing shortage of 1 million skilled trades workers needed for occupations such as construction, mining, and petroleum by 2020. 

Industrial warehouses are also in need of many temporary workers for seasonal work or for temp-to-permanent positions. If your staffing agency has targeted this niche, it was a smart move to do so. But if you only focus on permanent staffing opportunities, you could be missing out on a huge demographic of clients looking for temporary trade and industrial workers. 

There are many advantages to offering temp staffing, not least of which is offering your target market a broader range of service. If you can provide skilled temporary workers to help clients looking for more flexibility in this particular industry, your staffing agency will see continuous growth for some years to come.

2. Information Technology

This industry is listed second, following trades and industrial, for a very good reason. Despite all the recent grads from computer technology programs across Canada, there simply aren’t enough skilled candidates to fill the demands of the many companies out there with technical needs. This is because, at the rate that technology is transforming and disrupting everyday business operations, there are numerous digitization initiatives and projects that need skilled technology workers of various specializations. 

What’s more, it’s not only businesses within the IT sector that need skilled workers, it’s any business worth its salt. To stay competitive with the demands of digital-age consumers, businesses in practically every industry need a constant stream of technical workers for mobile app projects, data analysis, cybersecurity, web administration, and more. Many businesses also require temp workers because they need a specific project completed or extra manpower for their online help desks during busy seasons. 

Don’t be surprised if offering temp IT workers helps you keep more clients for lengthier periods of time. Moving forward, technology will continue to become more ubiquitous in our society. Temp workers help businesses through their rocky transitions to digitally driven organizations.

3. Office and Administration

Office and administration workers are always going to be needed. While this niche might not be as specialized as the above two in terms of skills, there’s a lot of variety in the skilled temp workers you can offer.

When it comes to the front and back offices, employers see many of their employees go on sick or maternal leave, and there’s always going to be a need for more manpower during vacation seasons like summer. There’s a lot of profit to be made in office and administration staffing because it’s the backbone of a business.

If your staffing agency can offer temporary workers for any of these three industries, you’ll be able to unlock a lucrative revenue stream and grow fast.

Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

How Can Contract Staffing Solutions Benefit Your Business?

Posted by Mai Dowdie

|

Oct 20, 2017 9:00:00 AM

How Can Contract Staffing Solutions Benefit Your Business--.jpgAs the staffing industry moves towards the end of 2017, it’s becoming increasingly apparent that staffing firms that can offer diverse staffing services to their target market have an edge on their competition.

Between the rapid shift towards temporary and contract work in Canada and the evolving needs of companies that once preferred to hire mostly for permanent positions, your staffing firm has a bright opportunity for growth if it can offer contract staffing services. 

Download "10 Things You Need to Know When Starting a Temp Staffing Agency"

For many young staffing firms, dispelling the myths of contract staffing is still quite a task. Perhaps the strongest myth of contract staffing is that it will only result in more administrative woes. But if you have the right tools to handle the financing, government compliance, and HR responsibilities of contract staffing, there’s really nothing to hold back your firm. 

Read below to find out more about how contract staffing solutions can benefit your business.

Balance Your Back-End Books with Your Front-End Operations

One of the biggest concerns about offering contract staffing in addition to your permanent staffing services is that it means more precarious financing. While it’s true that payroll, government taxes and remittances, and running credit checks can be a tough act to juggle altogether, there are contract staffing solutions that address all these important tasks. 

Back office providers can improve your contract staffing firm’s financing process in several ways. Their experts have years of experience in offering payroll financing options like running advance credit checks on your clients, customizing a payroll schedule and system for your firm’s needs, and handling your taxes and remittances. You can even outsource the general administration tasks like creating and delivering invoices for your staff, candidates, and clientele.

When you don’t have to worry about whether you’re making critical clerical errors in your books, you will be able to focus on your core business. Your staff members should be worried about building genuine relationships within your target market and connecting them with the candidates they’re looking for.

Banish Fears of Worker Misclassification

In recent months, there’s been a lot of talk about the proposed changes to Ontario’s employment and labour laws. One of the changes that has been creating the most unease among staffing firms is the government’s crackdown on the misclassification of workers. 

Previously, some staffing agencies and businesses alike took advantage of a loophole where willful misclassification of employees as independent contractors allowed them to keep employees in precarious positions with poor wages and no benefits. Due to this situation, penalties for misclassification have become more stringent, including heavy fines, prosecution, and public disclosure of the crime if proven guilty. 

Although it’s understandable that new staffing firms don’t want to rock the boat regarding misclassification, there are contract staffing solutions for this matter as well! Back office providers have compliance experts specializing in CRA legislation and its confusing jargon. This translates into one more burden lifted from your firm’s front end.

All-in-One Administration Software

A final reservation you might have about going ahead and offering contract staffing is all the extra paperwork and data you must contend with. Again, this worry is more than understandable, since there is a lot of paperwork involved in taking on another type of staffing service. But there’s no issue if you can streamline your HR administration along with your financing and compliance duties!

Back office providers have proprietary software that’s been designed as an all-in-one system that manages financial reporting, client management, and applicant tracking. When you enlist the help of their back office experts, they will implement this software to optimize your staff’s daily tasks. Taking on new contract candidates and matching them with clients will be easier than ever.

Seek the aid of contract staffing solutions and see how fast your firm’s efficiency will grow. Soon your business will be able to compete with the big firms!

Unlock a Lucrative Revenue  Stream With Contract Staffing

Topics: contract staffing

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