Although the technology has been available for many years, most offices didn’t take advantage of video communication until the beginning of the pandemic. Now it’s an expected and crucial aspect of any business’s communication strategy. Because of video’s ability to keep people connected while they work from home, the widespread remote work “experiment” has been a success on many levels and has ultimately helped save millions of jobs during one of our toughest recessions. The Benefits Video … [Read more...]
Five Strategies to Preserve and Improve Cashflow
Lone Oak Payroll’s Vice President Kevin Standa offers advice and insight on approaches staffing agencies can take to maintain and improve cashflow. In times of economic crisis, preserving good cashflow can make the difference between a company weathering the storm and going out of business. Below are five strategies that staffing agencies can implement to improve cashflow in our current economy and poise themselves for recovery. 1. Funding/Factoring Leverage your staffing company’s … [Read more...]
Maintaining Employee Wellbeing in the Workplace
Whether your business takes place in an office, over Zoom, or on the factory floor, workplace wellbeing is crucial to your company's success. Employees who feel supported by their employers are more likely to be productive and engaged at work. Plus, when you center the wellbeing of your employees, you also increase your retention. This saves your company money and helps cultivate a positive employment journey. There are three main components to wellbeing: physical, mental, and social. … [Read more...]
3 Ways to Grow Your Staffing Agency with Payroll Funding
Growing your staffing agency can be an uphill battle when it's a candidate's market. Payroll funding can offer you additional resources to effectively grow your staffing agency in this competitive environment. With payroll funding (also known as invoice factoring), your accounts receivable is purchased, which gives you more flexibility while waiting for your clients to pay their invoices. While there are several benefits of payroll funding, here are three ways it can help grow your staffing … [Read more...]
How the Pandemic Has Reimagined Work/Life Balance
One of the most striking ways the pandemic has changed our normal day-to-day lives is how many of us have had to manage our work and personal lives. Without a commute to separate our work life from home life, the two have become increasingly mixed, a fact of life that has brought both new challenges and joys. Benefits of Pandemic Changes to Work/Life Balance There are plenty of office workers around the world who have mostly experienced benefits to their new work-from-home setups. Increased … [Read more...]
A Look Back: Staffing Trends 2020
Phew, what a ride. Coronavirus, a presidential election, and social distancing requirements have made 2020 a year like no other. Industries across the globe have had to alter processes and business plans to comply with various restrictions brought on by the pandemic, and the staffing industry is no exception. See below for the new crop of staffing trends 2020 has brought us. Remote Work As with most other organizations, staffing agencies had to adjust to social distancing restrictions that … [Read more...]
Hiring and Retention During COVID-19
The pandemic has left the staffing industry in something of a paradox. A year ago, unemployment was at historic lows. Recruiters struggled to find candidates because there simply weren’t enough of them, and those they did find were often difficult for employers to retain. Candidates often didn’t show for interviews or the first day of work. It’s easy to say that the hiring and retention of quality candidates were some of the top challenges in 2019. Fast forward to 2020, and circumstances have … [Read more...]
Remote Communication and Other Changes That are Here to Stay
COVID-19 has forced businesses to change the way they operate, and while the pandemic has brought many challenges, it has also forced leaders to get creative about the way they run their organizations. This creativity has opened up possibilities that never would have been thought of before, and many organizations plan to keep these changes in place after the pandemic crisis—even though these changes were brought on by circumstances everyone would have liked to avoid. Remote Communication It … [Read more...]
COVID-19 Effects on Tradeshows and Job Fairs in the Staffing Industry
It is difficult to predict what large event gatherings will look like in upcoming years. Many are hoping that once the pandemic passes, tradeshows and job fairs will return to normal. However, its unknown when exactly the pandemic will end, and there are some benefits to virtual events that might prompt more of them even after COVID-19 ceases to be a worldwide concern. While there seems to be a good deal of variance about how comfortable individuals feel at large events, most people agree … [Read more...]
Keeping Data Secure During COVID-19
Shifting to remote work has been an ambivalent experience for most companies. Some studies show that remote work makes employees more productive, while others say it’s hurting everyone’s ability to network and communicate effectively. But however good or bad remote work is treating your workplace, nearly all businesses and their data are under a more severe threat now than they were before the pandemic. Although many companies have embraced working from home, the initial shift from … [Read more...]
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