Balancing Competitive Rates and Profit Margins
Balancing Competitive Rates and Profit Margins: A Critical Challenge For Staffing Firms One of the biggest challenges staffing firms face is setting bill rates that strike the right balance between competitive rates and profit margins. If you charge too much, you risk losing clients to competitors. On the other hand, pricing too low means your […]
Senate Acts on Air Traffic Controller Shortage
At Madison Resources, it is our hope that we are perceived as a true partner to your staffing firm. To that end, we are always looking to assist you in providing necessary information, to promote accuracy and efficiencies, and make helpful resources available to you. Bipartisan Bill Targets Air Traffic Controller Shortages February 2025: Earlier […]
Illinois: One Day Rest in Seven Act
Understanding the Illinois One Day Rest in Seven Act A recent rise in complaints under the Illinois One Day Rest in Seven Act (ODRISA) underscores how important it is for Illinois employers to understand this law’s requirements. Established in the 1970s, the Act governs mandatory rest days and meal breaks for employees. However, many employers […]
Alaska: Paid Sick Leave Law 2025
Overview of Alaska Paid Sick Leave Law Recently, Alaska voters approved Ballot Measure 1 (unofficial results), introducing the Alaska paid sick leave law, which mandates paid sick leave for all employees working in Alaska. This new law will take effect on July 1, 2025. Who is Covered? Specifically, the law applies to all employers […]
5 Ways to Stay Focused in Sales and Drive Results
In sales, it’s all too easy to drift into non-urgent tasks especially when lead generation doesn’t come with strict deadlines. We’ve all been there. But every hour spent off course is one less hour moving deals forward. If you want to consistently close more deals, you have to stay focused in sales and that means […]
FUTA Credit Reduction 2025: What Staffing Firms Need to Know
At Madison Resources, we understand how crucial it is for staffing firms to stay ahead of legislative and tax changes that affect your business operations. One important update for 2025 is the FUTA credit reduction, which may impact your payroll costs if you operate in certain states. What is the FUTA Credit Reduction? The Federal […]
February 2025 Jobs Report
February 2025 Jobs Report: Key Labor Market Highlights The February 2025 jobs report reveals key shifts in the labor market, with the unemployment rate rising slightly to 4.1% from January’s 4.0%. Meanwhile, average hourly earnings increased by 0.3% month over month, aligning with expectations. These figures highlight the ongoing dynamics shaping employment as we move […]
Missouri: Paid Sick Leave Law 2025
Missouri voters approved Proposition A, enacting the Missouri paid sick leave law, a new statewide paid sick leave policy that takes effect on May 1, 2025, unless legal challenges or certification issues arise. This new law covers all private employers in Missouri. However, it excludes certain employees, such as those working in educational, charitable, religious, […]