Getting Paid Faster: How Automation and AI Can Help You Control Cash Flow

If you own or manage a staffing firm, you may have noticed something alarming recently: it’s getting harder to get cash on the books. In fact, recent research tells us that 81% of organizations have reported an increase in delayed payments over the past few months, with 45% saying the increase has been “significant.” Organizations have tried several things to deal with delays, including reckoning with complex accounts payable or vendor management systems, but the most effective strategy has been taking a look under the hood of their finance functions to see how they can be adapted to the environment. This Speed Talk will deliver a comprehensive overview of today’s automated client payments landscape, show you how artificial intelligence or machine learning can help apply cash—including payments from VMS portals—and collect money more efficiently, and demonstrate how accepting payments the way your clients want to pay can speed payments and reduce the cost of payments.

The Impact of Remote I-9 Verification on Staffing Organizations

Join this Speed Talk to gain insight and clarification regarding the rules and requirements for remote Form I-9 verification and the available options for Section 2 and Section 3 verifiers. Marc Villella also will review tools and resources available to help better manage compliance with Form I-9 verification and E-Verify. Any expected changes to the Form I-9 or its requirements will also be covered so you can prepare your organization and staff for compliance updates. Administer best practices and leverage insights to improve compliance processes with Form I-9 and E-Verify, and learn how to simplify the remote completion of Section 2 or Section 3.

The Current State of Staffing M&A: Strategies and Tips for Potential Buyers and Sellers

Mergers and acquisitions in the staffing industry increased approximately 25% in 2022, despite a number of macroeconomic challenges that drove a decline of about 40% in broader market M&A activity. And 2023 has exhibited continued outperformance in staffing, compared with the broader M&A market, suggesting strong momentum in the sector and an attractive backdrop for staffing company sellers and buyers. This Speed Talk will provide staffing owners with an in-depth understanding of the current state of the staffing M&A market, as well as some actionable strategies and tips to start or continue building their M&A playbook.

Creating an Ideal Gen Z Candidate Experience

Only 5% of Generation Z will apply to a job based on the job description alone, but 46% will use a company’s values as part of their job selection process. What does your candidate experience say about your employer brand? Following a business-as-usual approach to recruitment won’t engage Gen Z on their terms. Instead, staffing firms must assess every aspect of their approach to identify areas where they can refresh and refine their recruitment strategy. Crafting a compelling message that resonates with Gen Z requires a deep understanding of their needs, values, and expectations. By tailoring your message, you can effectively communicate your employer brand’s unique value proposition, highlight your company’s and client’s cultures, and showcase your commitment to employee development and growth.

Funding to Grow Your Staffing Business

Maintaining positive cash flow can be a struggle for staffing companies. You pay your workers every week or every other week, but your clients take 30 to 90 days to pay you. That’s a long lag between outgoing cash and incoming payments. There are ways to bridge that gap, and all those ways are not created equal. Standard business loans aren’t always an option, and with a variety of alternative financing options available, it can be difficult to determine which is the best fit for your firm. Alternative financing options can help streamline cash flow, build business credit, improve accounts receivable turns, and grow with the business. In short, alternative financing can help staffing companies achieve a multitude of business goals. This Speed Talk briefly discusses alternative funding options, explains how invoice factoring works, and provides information on how invoice factoring can improve cash flow and enable growth for staffing companies.

Practical Solutions for Navigating DEI Challenges

Diversity, equity, and inclusion (DEI) is a critical issue for recruiters, clients, and employees, but working toward that goal presents ever-evolving challenges and risks. Join Diane Geller and Heather Ries from Fox Rothschild for this insightful discussion of innovative ideas and creative solutions to help you navigate difficult conversations, avoid unintentional violations of equal employment opportunity laws, and foster DEI through policies that promote fairness.

Creating an Effective Flexible Staffing Model in the Changing Gig Economy

No industry has been more affected by the emergence of the gig economy than health care, and the lessons learned by health care jobs board LocumTenens.com provide actionable takeaways for just about any sector. Dr. Miechia Esco will lead a Speed Talk about how the gig economy is driving flexible staffing models that include permanent, temporary, and hybrid staff and teams, including insights from “The Future of Work: Redefining the Role of Physicians in the Gig Economy,” a report that was released in January 2023.