With Recruiting Expenses Going Way Up, What Are Other Ways You Can Save Money and Time?

With Recruiting Expenses Going Way Up, What Are Other Ways You Can Save Money and Time?
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Recruitment expenses are on the rise. Salaries for recruiters and staff members, internal commissions, referral bonuses, costs for job boards, and investments in recruitment software add up quickly. As a result, your staffing agency needs to find other ways to save time and money. Fortunately, we can help.

Discover four ways that Madison Resources can save your staffing agency time and money.

Payroll Funding

Choose Madison Resources for a much less expensive way to access the funding you need to cover payroll, pay your bills, or grow your staffing agency. Most funding companies charge a daily rate plus an advance rate for asset-based loans. The advance rate is charged on Day 1 and typically covers 30 to 50 days. After that, interest is charged on a daily basis until the invoice is paid in full.

In contrast, our tier-based funding provides access to multiple levels of pricing that decrease as your staffing agency grows. We offer a flat fee – the advance rate only – for invoices paid within 90 days. As your business volume grows, your fees drop to the lower fee structure. This makes you better equipped to go after larger accounts with longer payment terms.

Staffing Technology

Use the latest staffing technology from Madison Resources to drive sales and increase profitability. Built and supported in-house, our applicant tracking system (ATS) and staffing customer relationship management (CRM) software let you manage your sales and recruiting with the industry’s most advanced online reporting. You can analyze the performance of brand operations and your staffing agency as a whole. You also can combine our ATS and CRM technology with our online payroll processing to take a candidate from application to payroll. Plus, take advantage of Madison Online Solution (MOS) to gain 24/7 access to business intelligence that is updated daily. Use the information to improve efficiency, assess profitability, and make better management decisions.

Back-Office Support

Let Madison Resources handle your back office. Our outsourced payroll services, payroll tax filing and W-2 processing, outsourced billing services, collections, credit, and cash applications give you more time to focus on increasing sales, recruiting talent, and better serving your staffing customers.

Business Intelligence Solutions

Gain financial planning and analysis through Madison Resources’ business intelligence solutions. Uncover trends on sales, profit, gross margin, mark-up, and headcounts. Access information by your income statement, balance sheet, and cash flow. Compare periods weekly, monthly, quarterly, or yearly.

Save Time and Money

Take advantage of the funding, technology, back-office support, and business intelligence solutions that Madison Resources offers. Get in touch with us today.

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