How to Create a Winning Business Plan for Your Staffing Agency
Launching a staffing agency takes more than industry know how and hustle, it requires a clear roadmap. That roadmap is your staffing agency business plan, and it’s more than just a formal document, it’s the strategy that guides your decisions, attracts investors, and sets your agency up for long term growth. In this guide, we’ll […]
LLC Vs. S Corporation: What’s Best for Your Staffing Firm?
Starting a staffing firm comes with a wave of exciting decisions and a few tough ones. One of the most important choices you’ll make early on is your business structure. Two of the most common options? Forming an LLC (Limited Liability Company) or electing to be taxed as an S Corporation. This post explores the […]
Understanding Accounts Receivable: The Lifeblood of Your Staffing Firm
In the fast paced world of staffing, maintaining a steady cash flow is critical. You’re paying employees weekly or bi-weekly, often long before your clients pay their invoices. That’s why accounts receivable for staffing firms is more than just an accounting concept it’s the financial backbone of your business. What is Accounts Receivable? Accounts receivable […]
5 Ways to Ask for Referrals
Why Referrals Are So Powerful At Madison Resources, we believe referrals are one of the most effective ways to connect with new clients. When someone recommends our services, it speaks volumes. Not only does it validate the work we do, but it also helps us continue delivering value to others. To make the most of […]
Productivity Tips For Staffing Professionals
Debunking the Myth of Longer Hours One of the biggest myths in the workplace? That putting in longer hours automatically leads to better results. Many of us fall into the mindset of more hours, more effort, more output. However, the truth is our brains simply don’t work that way. That’s why real, lasting performance improvement […]
April 2025 Jobs Report
April 2025 Jobs Report: What Slower Wage Growth and Steady Hiring Tell Us he April 2025 Jobs Report offers a mixed but generally positive outlook for the labor market. With 177,000 jobs added beating the forecasted 130,000. The report points to continued resilience in key sectors like healthcare, transportation, and warehousing. However, wage growth slowed […]
State of Michigan: Paid Sick Leave Changes
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. What does this mean for you? On July 31, 2024, […]
Massachusetts HIRD Form: Deadlines and Requirements
At Madison Resources, we genuinely aim to be a true partner to your staffing firm. Therefore, we are always here to assist you by providing necessary information, promoting accuracy and efficiencies, and making helpful resources readily available to you. This includes keeping you informed about important updates such as the Massachusetts HIRD form requirements. What […]
State of Vermont: Family and Medical Leave Insurance (FMLI)
Madison Resources consistently strives to be recognized as a true partner to your staffing firm. Therefore, as part of this commitment, we not only provide timely and accurate information—such as updates on the Vermont Family and Medical Leave Insurance program—but also actively promote efficiency and offer valuable resources to you. By doing so, we aim […]
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 […]