Ascen

Did you know that 2.4 million temporary employees work for staffing agencies every week, according to the American Staffing Association? While these workers bring flexibility and expertise, a critical issue often goes unnoticed: worker classification. To protect your organization, it’s essential to understand the differences between W-2 employees, 1099 contractors, and Corp-to-Corp (C2C) workers. If you're looking for an easier way to handle employee classification, consider an Employer of Record (EOR) solution. At Ascen, our backoffice platform is designed to help staffing agencies classify their employees properly, saving you time and money. Contact us to learn more. https://lnkd.in/gKJNdviC #Compliance #Staffing #RecruitmentAgency

Congratulations to Clare Keniry and the Morgan Hunt team for winning the Ascen Innovation Award! There were some very high-quality finalist agencies in the room last night at the TIARA Recruitment Awards, and Morgan Hunt came away with two awards -- big congrats! #TIARA2024

Did you know the US recruitment market boasts nearly 12,000 native recruitment companies? Expanding your recruitment agency into this extensive market presents unique challenges, from intense competition and complex labor laws to cultural differences. Our article provides invaluable insights and strategies to successfully navigate these hurdles. Here's a quick overview of the key actionable steps: 1. Choose your entry model: Start by recruiting from abroad using an Employer of Record like Ascen or set up a physical presence to build local relationships. 2. Define your niche: Stand out by specializing. Analyze your previous successes to identify a niche and assess the market's growth potential to make informed decisions. 3. Target specific states: Use data to find the most suitable states for your agency. Consider state-specific industries to align your niche with market demands. 4. Leverage LinkedIn: With 160 million US users, LinkedIn is crucial. Build a strong personal brand and engage actively to establish your agency as a thought leader. Expanding into the US is a journey of growth and opportunity. By employing these strategies, your agency can achieve remarkable success. Discover more in our detailed guide. https://lnkd.in/eN5A7QCF #Recruitment #Staffing #RecruitmentMarketing

Understanding worker classification is essential for the success and integrity of your staffing agency. Grasping the differences between W-2, 1099, and C2C classifications can feel overwhelming, but taking the proper steps now will protect your business from severe consequences later. Misclassifying a worker can lead to: - Significant tax penalties and fines. - Legal actions and class lawsuits. - Damaged reputation and loss of trust. To safeguard your agency, consider the following: 1. Familiarize yourself with IRS and Department of Labor (DOL) guidelines. 2. Pay attention to state-specific classification criteria. 3. Explore the benefits of an Employer of Record (EOR) solution like Ascen to ensure compliance. By prioritizing correct classification, you are not only adhering to the law but also building a trustworthy agency that attracts quality talent and clients. If you'd like to learn more about worker classifications and how to distinguish between them, check out our comprehensive guide: https://lnkd.in/gKJNdviC #Recruiting #Staffing #USRecruitment

Is your staffing organization ready to streamline operations and focus more on growth? Swipe through our guide to discover why Ascen is the ultimate partner for your back office and EOR needs. Our industry-specific solutions are designed to empower staffing agencies like yours, helping you efficiently match great candidates with clients while we handle the rest. With Ascen, enjoy a tailored, brandable platform that supports staffing firms of all sizes, whether you're launching in the USA or expanding globally. Are you curious to see how we can help your agency thrive? Visit our website for a more in-depth look at our products and services: https://lnkd.in/eU5BWWEG #Recruitment #EOR #StaffingAgency

We had an amazing time at Recruitment Agency Expo earlier this week catching up with our UK customers and partners Two full days of meetings, demos and great content (shout-outs to Hishem Azzouz, James Osborne, Nicole Clarke, Simon Bloch, Nitin Sharma☝️) Thanks for the swag, Loxo - thrilled to keep collaborating across multiple continents! See everyone next year!

We're pleased to announce our sponsorship of Staffing World 2024. Staffing World is a great event where the staffing community comes together to make strategic connections, learn about new strategies, and get solutions that win business and spur growth. Come and say hello, you'll find us at Booth 518. __________________________________________ Staffing World 2024 📍 Gaylord Opryland Resort and Convention Center, Nashville, TN 🗓️ October 22-24, 2024 #StaffingWorld #StaffingWorld2024

In our next installment of Ascen's Staffing Industry Spotlight, we spoke with Brian Kennedy, M&A Advisor at R.A. Cohen. Brian shares insights on staffing M&A. If you plan to sell your staffing agency one day, this episode is a can't-miss. Here are some big takeaways from Brian's talk: 1. Risk Pays Differently: Cash deals in staffing are rare – all cash means a discount. Risk on the back end through a note or earn-out? Higher value. 2. Bigger Doesn’t Always Mean Better: Client concentration doesn’t kill valuation, but it’ll change how the deal is structured. Think earn-outs, not cash. 3. Private Equity Goes Low: Even small EBITDA staffing firms are on PE’s radar. Why? They’re looking for niche add-ons, not just big fish. 4. Key-person Discount: Potential buyers see it as a future cost, so build a team that can survive without you. 5. Multiples are Multipliers of Niche: IT vs. healthcare vs. industrial and how you sell (MSP vs direct) – different staff niches mean radically different multiples. 6. Earn-Outs Aren't Evil: Structure them around gross margins – they’re more predictable and palatable. Enjoy!

Come say hi to Emily Bradley and Me representing Ascen at the Recruitment Agency Expo! We’re keen to speak to anyone interested / curious or even clueless about the US market.

Breaking into the US recruitment market is no small feat. Consider this: > Navigating complex employment laws that differ by state and can be challenging for newcomers. > Adapting to a vast geographic scale requires understanding diverse regional needs and opportunities. > Building a brand in a new culture where relationship-building and networking can make or break your success. So, how do you overcome these challenges? The reality is: Success requires strategy and adaptation. You can't just replicate your UK model. You need a tailored approach. To succeed: 1. Focus on a clear niche that separates you from the competition. 2. Build a strong LinkedIn presence to connect with potential candidates and clients. 3. Gain local market expertise to understand the unique dynamics of each state. Your US success story starts with the right strategy. What's your next move in conquering the US market? For more insights on how to market your recruitment agency in the US, feel free to check out our full guide: https://lnkd.in/eN5A7QCF #USRecruitment #BusinessGrowth #Staffing