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An Expert’s Guide to Maximizing Margins: TempWorks President Brett Cavanagh Joins TAS Talks Webinar Series

Recently, TempWorks and Lone Oak Payroll President Brett Cavanagh joined the Texas Association of Staffing for their TAS Talks series of webinars to discuss staffing industry trends and the key strategies staffing firms should be taking to protect their profitability in today’s market. Download our guide to Maximizing Gross Margins here “I tend to be the bearer of bad news at TAS,” Brett joked early in the presentation before outlining some of the economic headwinds the staffing industry is facing. “The question is, how do you keep your lights on, how do you keep your doors open, and how do you keep driving forward?” First and foremost, Brett highlighted looking for points of hope. For the staffing industry, one of those points is in the overall profitability of the industry. Observing trends, there are ebbs and flows, but since the recession in the late 2000s, profitability has generally been on the rise; though there has been a dip since 2022. “Post ‘22, you can see there’s a decline,” Brett said. “And unfortunately, throughout all of ‘24, [margins] are shrinking. And they’re shrinking for a couple of different reasons: cost of doing business. Your healthcare costs, your insurance costs are really […]

Ways to Maximize Gross Margins in Any Market Conditions — Download Our Free Guide!

The state of the staffing industry is always in flux. We’ve seen multiple years of decline; though there are signs that decline is slowing and potentially leading the way for growth in the coming quarters. There are a number of ways that staffing firms can counter these challenging market forces, setting themselves up for success regardless of whatever headwinds they may be facing. At TempWorks, we’re committed to the growth of not only our clients and partners, but the industry at large. It’s why we’re making our guide— Maximizing Margins in Challenging Economic Times—available for free download. Download our guide on protecting staffing agency profit margins here In the guide, we discuss a number of critical topics facing staffing firms in 2025 including: The state of the industry What margins are, what burdens are, and how to calculate markups to ensure profitability (including how to use a Gross Profit Calculator) The importance of Standard Operating Procedures and how they work to get your house in order How to evaluate new business to prioritize sustainable growth Optimizing payment terms to reduce risk and improve cash flow How your tech stack contributes to your overall profitability goals Resources available to help navigate […]

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