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 […]
Maryland: Pay Statement and Pay Transparency Laws
At Madison Resources, we aim to be more than just a provider, we strive to be a true partner to your staffing firm. That’s why we focus on delivering essential information to help you stay accurate, efficient, and compliant especially when it comes to the new Maryland pay transparency and pay stub laws taking effect […]
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 […]
How a Specialty Lender Fuels Staffing Growth
Why a specialty Lender for Staffing Firms Matter at Every Stage of Growth A specialty lender for staffing firms can be a game changer, offering vital support through the six stages of the business cycle: launch, expansion, shakeout, maturity, economic downturn and recovery. This model is especially effective for independent staffing owners looking to grow […]
State of 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 […]
80/20 Rule For Staffing Firms
Maximizing Results with the 80/20 Rule for Staffing Firms The Pareto Principle, commonly known as the 80/20 rule for staffing firms, reveals that roughly 80% of results come from just 20% of inputs. Therefore, this principle is a powerful tool that staffing professionals can use to focus their time and energy on the activities that […]
Maximizing Profitability in a Staffing Company
How Staffing Company Financing Drives Growth and Profitability Sales and profitability are crucial indicators of success in the staffing industry, but many firms face growth challenges due to cash flow constraints. Staffing company financing offers a solution by providing the funds necessary to scale operations, hire more talent and expand client acquisition without financial roadblocks. […]
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 […]
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 […]