Over the past several years, a multitude of challenges have been created for staffing firms. These ‘disruptors’ include competition in the form of online recruiting platforms (i.e., Indeed, LinkedIn), specialization of the labor force, technology, and post-pandemic worker habits such as the remote work trend.
Currently, increasing interest rates, low unemployment, and a forecast of a slowdown in GDP are factors that are contributing to possible recessionary indications. A big part of managing difficult financial periods and successfully working through them is reevaluating expenses, tightening budgets, and solid financial planning. Our professionals understand the complexity of the current economic pressures and challenges of the staffing industry and are dedicated to helping staffing firms be well-positioned for growth.