Simple, Practical Solutions
Employers Logic recently engaged with a twenty-year veteran of the staffing industry, who was ready to get a start on her own. Without counting on the expertise of Employers Logic and our industry partners, she would have faced:
- The need to obtain Workers Compensation and being placed into a pool with a modifier at a higher cost than her competition.
- Her new business would be facing a no experience rating for State Unemployment Taxes and again, be paying more than her competition.
- With new clients in place and a projected payroll burden due after week one in business, she would need to tap personal funds, have a bank line of credit or turn to a factoring company for her accounts receivable.
- With no back office in place, she was facing numerous costs, purchases and the need to hire an administrator.
These are just a few of the hurdles and burdens faced by anyone wanting to enter the staffing industry! Instead, she turned to Employers Logic for turn-key solutions that allowed for smooth operations to commence on day one:
- On the Workers Compensation issue, our clients submit the classification codes the employees will be working and are given industry low rates in almost all classification codes.
- Any new business in our programs realizes great savings by avoiding State Unemployment pools and working on our channel partners rates in all 50 states.
- With a non-recourse 1.5% funding rate on all payroll burdens, new business is open to unlimited growth potential
- With Employers Logics partner company managing over $500 million in payroll, the back office, administration, and billing of all business are taken care of.
With clients in place and business growth, this new business has gone on to bill over $80,000 weekly and breakthrough 4 million in annual sales in under 24 months. By doing her due diligence and a growing trust in the Employers Logic process, this staffing company is on its way to a great future! To learn more and get the conversation started, reach out today.