State of Illinois – One Day Rest in Seven Act
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. A recent increase in complaints under the Illinois One Day […]
Maximizing Profitability in a Staffing Company
Sales and profitability are key indicators of success in the staffing industry. However, cash flow constraints often limit growth, forcing companies to slow hiring or restrict client acquisition. With unlimited funding, staffing firms can scale without financial roadblocks – expanding contracts, increasing placements, and driving higher profitability. The Impact of Financing on Growth Consider a […]
Positive Sign for Contract Staffing
As I reviewed the February Employment Report, one number really stuck out. The U6 unemployment rate, which includes discouraged workers and those working part-time for economic reasons, jumped .5% to 8.0%. Still on the low side and it is only one month. But I got to thinking – is there a correlation between the U6 […]
2025 Federal Unemployment Tax Act (FUTA) Credit Reductions
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. The U.S. Department of Labor (DOL) identified three states and […]
February 2025 Jobs Report
The Highlights: The unemployment rate ticked up to 4.1% in February from 4% in January. Meanwhile, average hourly earnings increased by 0.3% month-over-month, as anticipated. Federal government employment declined by 10,000 in February though government payrolls overall (including state and local) rose by 11,000. The number of job openings rose from December’s downwardly revised total […]
Vermont & Missouri Legislative Update
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. State of Missouri – Paid Sick Time Missouri’s new paid […]
Maximize Fill Rates & Thrive as a Staffing Company
It’s competitive out there for contract labor. Staffers are hustling – that’s for sure. But how do they measure up in terms of measuring success? A key measure that many staffing firms use are fill ratios. Fill rate is a critical metric for staffing companies, as it directly impacts efficiency and profitability. A high fill […]
Unlocking Staffing Firms Full Potential: The Impact of Unlimited Funding
Many staffers have the good fortune of winning deals. They are great recruiters and can fill orders. Then the big question becomes: How do they finance it if the client requires 60 days to pay the first invoice? Conversely, what happens if payment trends slow? Staffer’s will need more money to finance the same amount […]