Share on Facebook Staffing plans show the number and types or classifications of employees a business needs to have on board over time.
Staffing agencies can be very profitable but also come with a lot of responsibility and liability. While it may seem that an agency simply matches employees with employers and collects a billing rate, the agency is also an employer. As such, it bears all the duties, responsibilities, and liabilities of any employer — only it doesn't directly supervise its employees on assignments.
Staffing agencies therefore have a lot of legal and financial ducks to line up before they can really get going. Setting Up Shop Running a staffing company means making payroll no matter what. Your business has to have sufficient funds to maintain employee payrolls for potentially months without receiving revenues.
While some clients pay promptly, many don't and staffing companies can end up holding the bag if they are relying on prompt payment to keep their payrolls afloat. Expect to do some collecting work in the process, as clients sometimes need reminders to cut those accounts payable checks.
Licensing Before you can start filling staffing needs, you will need to register your business and get an EIN from the IRS to issue payroll checks to your employees see Resources.
You will also need to ensure you are following all guidelines and tax requirements for the state where you're doing business. In addition to these, depending on the types of positions you're filling, you may need additional licenses.
Liability Protection As an employer, you bear the liability of your employee's mistakes, accidents, poor performance, misconduct and workplace injuries.
Because you're at the disadvantage of being unable to directly supervise employees, you are not always made aware of what happens on the job. This means your company needs good liability insurance. If you staff health care professionals, construction workers, vehicle drivers or any profession with a high risk of your employee doing harm to others, you should consider premium plans geared to your clients' industries.
Then there's the harm your employees can do to themselves or have done to them. Workers' compensation claims can be serious and costly. Again, if your employees work in physically risky environments like construction, health care, laboratories and industrial work, a premium plan is probably in your best interest.
Marketing Plans One of the most difficult aspects of starting a staffing agency is that you need both recruits and clients to make deals happen. Your inventory is human and the supply is not guaranteed. You will need comprehensive recruiting plans to get employees, and at the same time, comprehensive client marketing plans.
If you have one without the other, you still have no business and if you go too long without delivering to either, you lose credibility. Think through your target market, including how to attract both clients and recruits while differentiating yourself from your substantial competition. Keep in mind that competition doesn't just happen at the local level, but that there are national giants who compete in every market no matter where they're based.Creating a flexible staffing strategy serves your organization's needs day in and day out, all year-round.
The dangers of a rigid staffing strategy It might seem natural for companies to continually adjust employee headcount to match business opportunities. Uber is developing a new short-term staffing business, dubbed Uber Works, that would help to diversify its business ahead of next year’s planned initial public offering.
Uber hopes to apply its.
Temporary help and staffing services provide business organizations with employees for positions in all sectors of employment, from industrial to clerical to professional. May 02, · How to Open a Staffing Agency A staffing agency may be a viable business prospect for you if you enjoy matching people to appropriate jobs and companies.
When you open a staffing agency, you help job-seekers find temporary work in your area and can help businesses find the right candidates for job openings%().
STAFFING & TEMPORARY JOB AGENCY BUSINESS PLAN. Business Plan. Revision Serial: AAA/ Phone / Email /USA 1. Executive Summary. Objectives: striving to be a leader in the provision of staffing services and qualified talent across an array of . Jul 24, · Before you can start filling staffing needs, you will need to register your business and get an EIN from the IRS to issue payroll checks to your employees (see Resources).