Factoring for Technology Companies

Posted by on Jan 14, 2015 in Technology Financing | 3 comments

Technology IT companies are experiencing a long period of growth and often use temporary staffing companies to fulfill their needs.   Over the last 14 years, IT employment has increased more than 41%, compared to just 3.3% for total employment. IT temporary staffing is projected to grow another 7% in 2015 and reach $27.8 billion.  This means big business for tech companies and it also means they need to be prepared with the proper working capital in order to take advantage of the continued...

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Security Guard Staffing Industry Challenges

Posted by on Sep 11, 2014 in Staffing Factoring | 0 comments

Uncertain times, increased risk and liability to government and business have created a greater need for security services, with more and more industries employing outside security personnel, both for data and physical risk management. The three most common goals of security services are to protect clients and employees, to guard physical assets against damage and theft and to avoid cyber/identity theft. From a physical perspective, the trend in the industry has moved more to licensed or...

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The Staffing Industry Is Experiencing Tremendous Growth

Posted by on May 16, 2014 in Staffing Factoring | 0 comments

The staffing industry has been experiencing tremendous growth and is expected to continue to grow 6% per year until at least 2020.  U.S. companies use of temporary labor has reached an all-time high.  Overall economic growth this quarter will be 3.3 percent at an annual rate, up from the previous estimate of 3.0 percent.  A Federal Reserve Bank of Philadelphia report also sees an improved outlook for the unemployment rate over the next three years, according to the report. The forecasters...

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The Benefits of Factoring for Temp Staffing Agencies

Posted by on Sep 4, 2013 in Staffing Factoring | 0 comments

Accounts Receivable Factoring Temp Staffing Agencies Staffing Industry Analysts recently published an update to its Global Staffing Industry Market Estimates and Forecast. $428 billion is estimated in revenue for the global staffing market for 2016. Of this amount, $382 billion is associated with temporary staffing. The report estimates $59 billion of global temporary staffing revenue is associated with the IT segment. With industry growth comes an opportunity for accelerated profits.  Often...

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