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keywords: description:Fremont Factoring Companies- Our factoring agreement is like carrying a credit card in your pocket. You carry it to use when you need it but do not sign an agreement which will force you into factoring when you do not need it.- Fremont Factoring Companies at staffingorganization.org- Factoring Transportation Brokers-serving companies in Fremont , California --> Skip to ContentFremont Factoring Companies
Bet You Didn't Know----There Are Huge Differences separating Receivable Factoring Companies
You might believe that all Receivable Factoring firms only do the same thing- give you cash for your invoices---No Borrowing - No Debt Burden!
While That's correct Except they are not all created equal, there are just a handful of Receivable Factoring firms that will will definitely go above and beyond than just cash.
With some factoring firms, Your company also receives stellar service and funding programs to help support your company's growth.
What You Need To Know To Choose The Most Beneficial Receivable Factoring Business For Your Business.
With around 400 Receivable Factoring firms to select from. It's pretty important for your business to recognize what is different between them. So what's the best way to pick one?
You're probably thinking, "I'm too busy for this". We'll give you a hand to help you make this decision painlessly.
And find out why Over 45% of our new business comes from Client Referrals. Easily the top referral rate in the factoring industry. No other company comes close!
Fremont Factoring Companies
For those who aren't familiar with Factoring, it is mostly a fast way to get cash from your receivables.
Factoring is Not a LoanWhen you give your customers an invoice, they usually have 30 days to pay you back. Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.
Factoring Doesn't Require Debt
Sounds simple enough – fast cash for your business – no loans, no debt.
All claim they have the simplest rate plans in the business, no long-term contracts, same-day and next-day funding, no up-front fees, no monthly minimums or maximums and so forth so forth.
We also provide all of these benefits, except we also PROVIDE EYE-OPENING SERVICE AND PROGRAMS that other accounts receivable factoring firms simply don't and can't.
We are not just full of hot-air. Here's the proof, over 40 percent of our new business comes from existing client referrals. As you know clients don't hand out referrals randomly. After all their reputation is on the line, nobody wants to risk making a bad referral; it can make you look bad. They make referrals to help their business friends and it feels good to provide support.
Simply put. It's no contest,no other receivables factoring company comes even close to our level of superior service and products.
FINANCIALLY STRONG
We have been in the receivables factoring business since 1979, are independently owned, and have a proven track record of being FINANCIALLY STRONG. We have survived many of the economy's roller coaster rides and in having done so, can help you through any tough situations you might run into. We won't collapse when the times get tough, like a few receivables factoring companies regretfully have in the past.
HAS AN ENORMOUS NETWORK
Each factoring company has a preference for size, industry, and risk. It's not practical for you to know which receivables factoring company is the best fit for you. By reaching out to us, we can save you a tremendous amount of time by helping you find the most suitable match for your company - it may be us or another receivables factoring company.
We have a huge network of receivables factoring industry counterparts, these trusted connections were built over 20+ years in the business. So, when you take the time to explain your needs to us, you'll quickly see that we can help you find exactly what you need.
No Minimum
Almost all receivables factoring firms let you select and choose your customers that you want to factor. Except a handful of them normally require a minimum dollar amount before they'll work with you. We let you select and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our receivables factoring agreement is a little like having a credit card in your pocket. You have it to use when you need it but don’t sign an agreement which will force you into receivables factoring when you don't need it.
NO HIDDEN FEES
Almost all receivables factoring firms fees are hidden. It doesn't make any sense why they do this. You can be rest assured, We will not treat you this way. We are absolutely upfront about our fees. When you apply, you are given a straightforward, no obligation rate proposal with the fee for your business. Good luck finding another factoring company, if any, that will be absolutely upfront with their fees before they try and get your business.
HIGHER ADVANCE RATES
An "advance" rate is the percent of the invoice face value that you’ll receive upfront. Invoice Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. So, for example, if your customer owes you $1,000, you should expect to receive an advance payment of $700 to $900 to your account. Our general advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
Some accounts receivable factoring firms are funded by Wall Sreet venture capitalists. We are an independently owned company and don't answer to investors and boards. Much like you, we are like-minded business people and we have experienced many of the road bumps that a business deals with. We hear your story, understand your struggles. Based on that information we will put together a tailor-made solution for you. Almost all accounts receivable factoring firms particularly the Silicon Valley ones first and foremost gamble on an algorithm to establish your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account Administrators
Almost all receivables factoring firms have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. We're different, you are provided with a dedicated account administrator to be your point of contact – who knows your business intimately, and can support you in ways the others just can't or don't want to be disturbed.
Look After Your
Client Relationships
Don't ignore the fact that the receivables factoring company will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is exceptional. We have been in business since 1979 and have veteran staff who who have witnessed it all. Choose us not only for your sake but for the sake of your relationship with your customer too. Not only will you benefit from our superb service and real-world know-how, but so will your customers.
Our Business
is Your Business
Together, we establish a credit risk tolerance guideline to limit your customer write-offs. In addition, we keep an eye on each invoice and follow them as your own credit and collections department would. Once they hit the due date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if necessary until payment is made.
Payment Trend Alerts
Our business credit monitoring systems allow us to jump on developing negative trends so that we can protect you from iffy transactions. You have immediate access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns so to correct them right away.
CURRENT CUSTOMER CREDIT HISTORY
You get immediate direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – whatever works best for you. Be on guard for negative payment trends. This is essential to avoid unnecessary write-offs.
LEADING EDGE TECHNOLOGY
We make sure to use advanced technology to accelerate the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which leads to much better rates for you. Almost all other companies are not even in the ballpark.
FINANCIALLY STRONGWe have been in the receivables factoring business since 1979, are independently owned, and have a proven track record of being FINANCIALLY STRONG. We have survived many of the economy's roller coaster rides and in having done so, can help you through any tough situations you might run into. We won't collapse when the times get tough, like a few receivables factoring companies regretfully have in the past.
HAS AN ENORMOUS NETWORKEvery factoring company has a preference for size, industry, and risk. It’s impossible for you to know which company is the best fit for you. By contacting us, we can save you a tremendous amount of time by helping you find the best match for your business - whether it’s with us or another company.
We have a vast network of industry colleagues that we’ve built over 20+ years in the business. So, when you take the time to explain your needs to us, we can be the “one stop shop” to help you find exactly what you’re looking for.
No MinimumAlmost all receivables factoring firms let you select and choose your customers that you want to factor. Except a handful of them normally require a minimum dollar amount before they'll work with you. We let you select and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our receivables factoring agreement is a little like having a credit card in your pocket. You have it to use when you need it but don’t sign an agreement which will force you into receivables factoring when you don't need it.
No Hidden Fees
Almost all receivables factoring firms fees are hidden. It doesn't make any sense why they do this. You can be rest assured, We will not treat you this way. We are absolutely upfront about our fees. When you apply, you are given a straightforward, no obligation rate proposal with the fee for your business. Good luck finding another factoring company, if any, that will be absolutely upfront with their fees before they try and get your business.
Higher Advance RatesAn "advance" rate is the percent of the invoice face value that you’ll receive upfront. Invoice Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. So, for example, if your customer owes you $1,000, you should expect to receive an advance payment of $700 to $900 to your account. Our general advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsSome accounts receivable factoring firms are funded by Wall Sreet venture capitalists. We are an independently owned company and don't answer to investors and boards. Much like you, we are like-minded business people and we have experienced many of the road bumps that a business deals with. We hear your story, understand your struggles. Based on that information we will put together a tailor-made solution for you. Almost all accounts receivable factoring firms particularly the Silicon Valley ones first and foremost gamble on an algorithm to establish your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account AdministratorsAlmost all receivables factoring firms have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. We're different, you are provided with a dedicated account administrator to be your point of contact – who knows your business intimately, and can support you in ways the others just can't or don't want to be disturbed.
Industry VeteransDon't ignore the fact that the receivables factoring company will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is exceptional. We have been in business since 1979 and have veteran staff who who have witnessed it all. Choose us not only for your sake but for the sake of your relationship with your customer too. Not only will you benefit from our superb service and real-world know-how, but so will your customers.
Our Business is Your BusinessTogether, we establish a credit risk tolerance guideline to limit your customer write-offs. In addition, we keep an eye on each invoice and follow them as your own credit and collections department would. Once they hit the due date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if necessary until payment is made.
Payment Trend AlertsOur business credit monitoring systems allow us to jump on developing negative trends so that we can protect you from iffy transactions. You have immediate access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns so to correct them right away.
Customer
Credit History
You get immediate direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – whatever works best for you. Be on guard for negative payment trends. This is essential to avoid unnecessary write-offs.
advanced TECHNOLOGYWe make sure to use advanced technology to accelerate the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which leads to much better rates for you. Almost all other companies are not even in the ballpark.
As you can see, we just simply have more to offer you.
Other factoring companies don't even come close.
And Not All Factoring Companies Can Say This:
More than half of our new business comes through client referrals.
Without A DOUBT ! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring to increase their cash flow. Factoring reaches all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.
Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.
Unlike a bank loan, factoring has…No principle or interest to pay over timeNo debt to repayUnlimited funding potential – no capsFast funding – no waiting months like at a bankApproval is based on the strength of your clients, not your creditStartups are welcome in using funding services
Information for the city of Fremont
Fremont is a city in Alameda County, California. It was incorporated on January 23, 1956, from the merger of five smaller communities: Centerville, Niles, Irvington, Mission San Jose, and Warm Springs. The city is named after American explorer John Charles Frémont, "the Great Pathfinder."Located in the southeast section of the San Francisco Bay Area in the East Bay region primarily, Fremont had a population of around 220,000. It is the fourth most populous city in the San Francisco Bay Area, and the largest suburb in the metropolis. It is the closest East Bay city to Silicon Valley, and is thus sometimes associated with it.The area consisting of Fremont, Newark (an enclave of Fremont), and Union City (formed from the communities of Alvarado and DeCoto), is now known as the Tri City
Information for the state of California
The economy of California is large enough to be comparable to that of the largest of countries. FY 2011, the gross state product (GSP) is about $1.96 trillion, the largest in the United States. California is responsible for 13.1 percent of the United States' $14.96 trillion gross domestic product (GDP). California's GDP is larger than that of all but 8 countries in dollar terms (the United States, China, Japan, Germany, France, Brazil, the United Kingdom, and Italy). California's GDP is larger than the GDPs of Russia, India, Canada, Australia, and Spain; in terms of Purchasing Power Parity,[103] it is larger than all but 9 countries (the United States, China, India, Japan, Germany, Russia, Brazil, France, the United Kingdom, Italy), larger than Mexico, South Korea, Spain, Canada, and Turkey. In terms of jobs, the five largest sectors in California are trade, transportation, and utilities; government; professional and business services; education and health services; and leisure and hospitality. In terms of output, the five largest sectors are financial services, followed by trade, transportation, and utilities; education and health services; government; and manufacturing. Agriculture is an important sector in California's economy. Farming-related sales more than quadrupled over the past three decades, from $7.3 billion in 1974 to nearly $31 billion in 2004.[107] This increase has occurred despite a 15 percent decline in acreage devoted to farming during the period, and water supply suffering from chronic instability. Factors contributing to the growth in sales-per-acre include more intensive use of active farmlands and technological improvements in crop production.[107] In 2008, California's 81,500 farms and ranches generated $36.2 billion products revenue.[108] In 2011, that number grew to $43.5 billion products revenue.Providing invoice factoring firms services for
Fremont , California companies and nationwide-map
Fremont Factoring Companies Articles
Receivable Factoring Companies – Benefits
Receivable Factoring companies offer a wide variety of benefits to businesses. Receivable Factoring companies conduct financial business by allowing a business to sell its invoices to a factor (also known as a third party business or individual.) The price that the business charges is discounted in order to sell the invoices that are currently held, and make the cash that is immediately needed for any type of expenditures involving the business. A business that has immediate cash needs, but has no cash to pay for the expenditures that has occurred often ends up going under and eventually shutting down completely. This takes a lot of jobs away from people, and can leave you working for someone else, no longer running for your business. No one wants to take this large step down from the current place that they are in. A business owner has worked incredibly hard to get to where he or she currently is, and does not deserve to have their business become obsolete. This is where the Receivable Factoring companies can be a huge help to businesses. Receivable FactoringKeep in mind that Receivable Factoring companies do not use the same process as invoice discounting. Instead, invoice Receivable Factoring (also called the “Assignment of Accounts Receivable” by the FASB and GAAP) is the sale of invoices, instead of invoice discounting which involves collateral in order to ensure that the individual who took out the invoice discounting loan will pay it back. Receivable Factoring is not a loan; instead, Receivable Factoring is the sale of invoices in order to get immediate cash. There is no loan in the process of Receivable Factoring, and you will never have to pay the money back. Since the invoices that are sold are also called receivables, the entire process of Receivable Factoring is usually called the sale of receivables. Receivable Factoring is much better than trying to take a loan out from the bank. Banks charge interest on any type of loan, and although there is usually collateral, it can put you in even more debt than you currently are. In addition, Receivable Factoring companies are never going to give you a loan. When a Receivable Factoring company funds your discounted receivable, he or she will choose to buy the receivable, giving you cash immediately. This cash can pull your entire business out of the hole that it is currently in. Instead of taking a loan out and getting yourself further into debt, Receivable Factoring allows you to simply sell your own invoices and get back most of the money that you originally put into them. Although this may seem like a bad process since you are selling valuable invoices, it is important to do, as the invoices are completely useless if your entire business goes under. Instead of trying to take a loan out to keep all of your receivables (invoices) Receivable Factoring companies benefit you directly by giving you the cash you need. Benefits of Receivable Factoring Companies When you are in a bind and really need money in order to get through the next few months, it can be very troublesome. Although the first thought in most peoples' minds would be to visit the nearest bank as soon as possible and take out some kind of loan, this is very dangerous. Although the loan may hold your business over for the next few months, it is simply delaying the same money crunch you already had. Unless your business is making an incredible amount of money, the bank loan that you took out has increased in the price that you must pay bank. Interest on a bank loan is how the banks make money and survive. Many loans have a very high interest rate, and if you are unable to pay the loan back in a short amount of time, you are going to be in more of a money crunch than you originally were in. In order to pay back the loan, you would have to make a large amount of money in a very short time, which is unlikely if you needed to take out the loan in the first place. Rather than bothering with bank loans that will inevitably put you back in the money hole that you were in when you took it out, Receivable Factoring companies are available to help you. A Receivable Factoring company is a place where businesses can place their invoices for sale at a discounted price, which will allow them to receive immediate cash. As aforementioned, this money does not need to be paid back, as it is not a loan. Keep in mind, you are not selling your business. You are selling invoices in order to keep your business growing. You will be able to get more invoices in the future when your business is back up and running, but if you do not sell these invoices, you will never be back up and running. When you are in a money crunch, don't put yourself back in the money hole that you are in by taking out a bank loan. Utilize Receivable Factoring companies in order to get immediate cash that will help you get back up and running without putting a loan on your business. You Can Find More Transportation Factors Information at Alaska Factoring Companiesand at Utah Trucking Factoring Companies
Las Vegas factoring companies Fremont Factoring Companies Articles
The Difference between Accounts Receivable Financing and Receivable Factoring
Today, it's not as easy for businesses to access finance as it was in past years, and more companies are being forced to look for alternative, non-banking financing options in order to access the capital they require to help their business grow. Two of the more popular tools available to cash strapped business owners are Accounts Receivable Financing (A/R Financing) and Receivable Factoring. Some business owners believe these two are the same, but there are, in fact, some small yet significant differences. What Is Receivable Factoring?Receivable Factoring is when a commercial finance company, also known as a factor or Receivable Factoring company, purchases a business's outstanding accounts receivable. At that time, the factor will typically advance the business somewhere between 70% and 90% of the invoice's value. Then, once the invoice is collected from the customer, the remaining balance – minus a Receivable Factoring fee – is released to the business. The Receivable Factoring fee could range from between 1.5% and 5.5%. It's calculated on the total face-value of the invoice and depends on how many days the funds are in use and other aspects, like the collection risk. When a business has a Receivable Factoring contract they can usually choose which invoices they want to sell to the factor: it's not generally an all-or-nothing process. Once the factor has purchased an invoice they become responsible for managing the receivable until the account has been paid. Essentially, the factor becomes the business's accounts receivable department and credit manager, analyzing credit reports, performing credit checks, mailing invoices, and documenting payments. What Is Accounts Receivable Financing? Accounts Receivable Financing is more similar to a traditional bank loan, however there are some key differences. Bank loans are secured with collateral; which might be real estate, the business owner's personal assets, or plant and equipment; whereas Accounts Receivable Financing is backed by the business's assets related to the Accounts Receivable. When a business has an Accounts Receivable financing agreement, a borrowing base is established at each draw against which the business is able to borrow money: this would typically be between 70% and 90% of the qualified receivables. Between 1% and 2% is typically charged as a collateral management fee against the outstanding amount, and interest is only calculated as and when the money is advanced. An invoice must be less than 90 days old in order to count towards the borrowing base, and the finance company must deem the business credit worthy. There may also be other conditions to fulfil. So, you can see that there are many similarities between Accounts Receivable financing and Receivable Factoring; however, one is the sale of an asset (receivables or invoices) to a third party, while the other is actually a loan. In many ways, though, they do act similarly. Below we've listed the main features of each so you can determine which would be the best fit for your company. Accounts Receivable Financing• Generally, Accounts Receivable Financing is not as expensive as Receivable Factoring;• It can be easier to move from this type of financing to a traditional bank line-of-credit once a business becomes bankable again; • Typically, a minimum of $75,000 per month is required in sales to qualify, so this type of financing may not be available to small companies; • Due to the fact that the business will be required to submit all of its Accounts Receivable to the finance company, this type of financing can be less flexible than Receivable Factoring. Receivable Factoring• It's quite easy to qualify for Receivable Factoring, and Receivable Factoring is the ideal solution for start-ups and financially challenged companies; • Because businesses can decide which invoices they want to sell to the factor, Receivable Factoring offers more flexibility than Accounts Receivable Financing; • The company is able to track total costs on an invoice-by-invoice basis because Receivable Factoring has a simple and straightforward fee structure. In ConclusionToday we see both Accounts Receivable Financing and Receivable Factoring as traditional sources of financing; effective when traditional bank financing is not an option. Receivable Factoring can carry a business through a period when an immediate cash input is required. Somewhere between 12 and 24 months most companies are generally able to repair their financial situation and once again become bankable. However, some companies in certain industries continue Receivable Factoring their invoices indefinitely. An example of this is the trucking industry, which relies heavily on Receivable Factoring for cash flow injections. Philadelphia Factoring Companies You Can Find More Transportation Factors Information at Alaska Factoring Companiesand at Utah Trucking Factoring Companies
Fremont Factoring Companies Articles
Questions You Need to Ask Your Receivable Factoring Company
In today's marketplace we're seeing more and more Receivable Factoring companies, and Receivable Factoring fees, rates and agreement terms have become very competitive. This means that, as a potential Receivable Factoring customer, this competitiveness should work to your advantage. However, there are some issues you must consider when choosing a Receivable Factoring company to suit your specific requirements. Before entering into any Receivable Factoring agreement, here are some important questions you should ask –What Are Your Terms? As a Receivable Factoring customer, you'll be looking for as much flexibility in your Receivable Factoring agreement as possible. It may be that you choose a long-term contract with your Receivable Factoring company if it includes flexible rates or a price break. In today's competitive market, many Receivable Factoring companies are agreeing to adjust their rates based on competitive offers from other factors or increased Receivable Factoring volume. The majority of Receivable Factoring agreements are a one-year contract, which appears to be industry standard, and this contract will renew automatically unless you provide the Receivable Factoring company either 60 or 90 days notice. What's Your Fee Structure? The fee structure may vary depending on both the Receivable Factoring company involved and your industry. Some Receivable Factoring companies charge a flat fee, which is calculated as a percentage of the total value of the invoice. On the other hand, other Receivable Factoring companies charge additional fees to cover costs associated with doing business, such as money transfers, software, and so on. Ensure that the Receivable Factoring company you're considering working with is completely upfront and transparent with you about its terms and fees. Are You Able to Offer Both Recourse and Non-Recourse Receivable Factoring?Recourse Receivable Factoring:Recourse Receivable Factoring is less expensive than non-recourse Receivable Factoring. With recourse Receivable Factoring, you (being the client) are ultimately responsible if the Receivable Factoring company is unable to collect on your customers' invoices. However, you're not necessarily required to pay the debt out-of-pocket if you have a recourse agreement and the customer defaults on payment. It may be that the Receivable Factoring company will withhold a portion of future cash payments or payments held in reserve, with the money being placed in an escrow account until such time as the debt has been paid. Non-recourse Receivable Factoring:When you have a non-recourse Receivable Factoring agreement, the credit risk for the collection of customers' invoices lies with the Receivable Factoring company. Therefore, we believe it's to your advantage to use a Receivable Factoring company that offers both recourse and non-recourse Receivable Factoring, simply because you may find that some of your customers are more suitable for recourse Receivable Factoring than others. In addition, you need a Receivable Factoring company with a strong credit team because they can work with you to ensure you're dealing with good customers: to a certain degree this will relieve some of the pressure of being responsible for bad debt. How Long Has the Receivable Factoring Company Been in Business? With the marketplace becoming increasingly competitive, today we're seeing the creation of more and more Receivable Factoring companies. However, many of these companies are recent start-ups, with limited industry experience. Make sure you research the Receivable Factoring company's history prior to entering into any Receivable Factoring agreement: also research its background into providing financial services in your specific industry. Do You Have the Capital to Grow with Me? The fact that there's no limit to the level of financing is the major advantage Receivable Factoring has over traditional bank lending. As your company continues to grow, so too should the funding of invoices grow with you. Do your research and learn as much as possible about your potential Receivable Factoring company's client base and their capital structure. Does this Receivable Factoring company have a limit to the number of debtors it takes on? What's a typical account size? What's the Receivable Factoring volume of their largest client? You'll probably find that Receivable Factoring companies who have been serving your industry for many years will have greater capacity to finance your company as it continues to grow. Is There Anything Else You Can Do for Me? Obviously, Receivable Factoring is more expensive than a conventional bank loan, and this is partly due to the back-office services that your Receivable Factoring company is able to provide. Besides collections and financing, many Receivable Factoring companies will evaluate companies in your industry and provide credit information. Therefore, when looking for a Receivable Factoring company for your business, make sure the one you choose offers additional services and products that can assist you in making good business decisions. How Do We Start Receivable Factoring?Fortunately, Receivable Factoring companies are not unduly concerned about your balance sheet before they decide to work with you, unlike banks. However, they do have a process to follow when selecting new clients, so be sure you understand what the Receivable Factoring company is looking for when it's considering you as a client. Are they looking at your credit ratings and/or your customers' payment histories? Are they looking at your personal credit score? In many cases a company will start Receivable Factoring because it's looking for a quick injection of cash, so you need to know how many days the Receivable Factoring company will take to review and process your application. Factoring Companies Fremont Factoring Companies ArticlesAgain Receivable Factoring To The Rescue
George Truck and Haul has been in business since the mid1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, George was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Cash was flowing and times were good for all. But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. And worse yet, George had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. And as spring turmed to summer and summer into the early days of fall, Terry George, CEO of George felt a chill go down his spine whenever he would look at the weekly A/R reports. The numbers of clients who owed him back debt were growing. He had gone to his administrators and asked them what the problem had been. Were they doing something wrong or different when it came to reaching out to delinquent accouts? By his bookkeepers records, this wasn't the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance and the folks who owed George money had jumped ship and decided to leave him holding the bag. They couldn't afford to pay him their debt, but they could afford a lesser service, maybe. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of George hadn't gone elsewhere. They had just gone home. The situation looked dire to Terry George. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. At night he would speak to his wife Linda and shake his head in frustration. "I have a bad feeling, Lin," he would say with deep woe ."Well, what do you think it is?" she would ask. Terry would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What could cause this ultimate death spiral of business? "I know what it is," Terry said. "I've relied too long on the profits I receive from invoices alone. I've let too many of our customers go too long without paying on their bills." Brenda could only grab her husband's hand and look at him lovingly, "It's a hard economy. It might be awhile until things get settled up." Terry knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds. The next day Terry strolled into his office and was determined to sit down and make every phone call to every client who had owed George money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Terry knew that he was in trouble. After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Brenda knocked at his door. "Terry, can I have a word?" she asked standing in the doorway. "Sure thing Brenda, come on in." Terry leaned back in his chair and looked expectantly at Brenda. "Well, I did a little searching this afternoon and tried to figure out a way out of this mess Terry." She pulled a small stack of papers from a folder and set them on the desk before him. "Have you ever heard of Receivable Factoring?" Brenda asked."It sounds vaguely familiar. What is it?" he said. "Well," she began, "Its actually quite simple really. So basically, Receivable Factoring invoices would enable us to get paid on the nose for loads that we haul." "Immediately?" Terry interrupted. "Yes, immediately," she continued, "In a nutshell, it's pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. Additionally, the Receivable Factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It's a broad view.” “I see,” Terry said. “And then what?”“Well, after their review, and we're approved for a Receivable Factoring contract, we can negotiate terms and conditions. There's a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase Receivable Factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.” Terry leaned forward and reviewed the paperwork closely."It sounds too good to be true, Brenda," he said. "Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Terry," she underlined a paragraph on the paper before him. "How flexible?" he asked. "They personalize the Receivable Factoring rates so that the amount they are willing to take on is commensurate with our needs and our client's debt. It only takes 2 to 4 days for this to be figured out. "That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we're going unpaid, we're closer to facing some serious problems in both the short and long term," Terry said. He took a deep breath and looked at his secretary with something she recognized as hope. "Exactly”. I think this might just be a way out of the trouble we're in with these folks who owe us money." Terry thought about this and agreed with Brenda. The clients who owed them money were long standing friends and professional resources of George. They didn't want to throw away these relationships because they were having trouble paying their bills now. Terry knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He didn't want to lose business but he also didn't want to lose any more money. "Well, let me think about this tonight Brenda, thank you." Brenda nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too. Terry sat behind his desk and looked over the details Brenda had not mentioned in their meeting. What other issues could freight Receivable Factoring help George with? With his pencil gliding down the sheet he noticed that the Receivable Factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, George could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this Receivable Factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required. "Well, I'll have to tell Billy about this," Terry muttered to himself.His son-in-law Billy had liked the idea of George so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. Terry knew then what struggles Billy would face but he encouraged him nonetheless. With the faltering economy, if a big fish like George was hurting, a little guy like Billy was about to catch his death. But, an antidote may have been found in freight Receivable Factoring and Terry was soon to find out. A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Terry found himself beginning to dig his way out of the hole his delinquent account holders had created for him. They took on reasonable Receivable Factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Terry looked back on the dismal months of life before freight Receivable Factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today. You Can Find More Transportation Factors Information at Alaska Factoring Companiesand at Utah Trucking Factoring Companies
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You Can Find More Transportation Factors Information at Truckfreightshipping.Org
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We have been providing the industry with fast cash for over 40 years. We keep your wheels in motion. Our freight bill factoring programs offer some of the highest advance rates with no minimum monthly requirements, completely transparent fees, dedicated account representatives, same day funding, electronic submission of invoices, real time account reporting and free access to up-to-date customer credit status. Through our partnership with a leading fuel card provider, clients have access to steep industry-wide savings available on virtually everything you need to run your trucking company. Areas of savings include: Get substantial fuel savings at over 1,900 locations, such as Loves, Pilot Flying J, TA, Petro, and more. Examples include: • Oil/Lubricants • PM/DOT • Parts • Fleet Maintenance Supplies • Breakdowns • Mud Flaps
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A little history on the Trucking Industry
The Logistics and Transportation Industry in the United StatesThe logistics and transportation industry in the United States is highly competitive. By investing in this sector, multinational firms position themselves to better facilitate the flow of goods throughout the largest consumer market in the world.. International and domestic companies in this industry benefit from a highly skilled workforce and relatively low costs and regulatory burdens.Shipping PortSpending in the U.S. logistics and transportation industry totaled $1.33 trillion in 2012, and represented 8.5 percent of annual gross domestic product (GDP). Analysts expect industry investment to correlate with growth in the U.S. economy. A highly integrated supply chain network in the United States links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail, maritime transport, and truck transport. To serve customers efficiently, multinational and domestic firms provide tailored logistics and transportation solutions that ensure coordinated goods movement from origin to end user through each supply chain network segment. Industry SubsectorsLogistics services: This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. Logistics services are involved at all levels in the planning and execution of the movement of goods.Air and express delivery services (EDS): Firms offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. EDS firms also provide the export infrastructure for many exporters, particularly small and medium-sized businesses that cannot afford to operate their own supply chain.Best Freight Broker Factoring CompanyFreight rail: High volumes of heavy cargo and products are transported long distances via the U.S. rail tracking network. Freight rail moves more than 70 percent of the coal, 58 percent of its raw metal ores, and more than 30 percent of its grain for the nation. This subsector accounted for approximately one third of all U.S. exports.Maritime: This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. Water transportation carries about 78 percent of U.S. exports by tonnage, via both foreign-flag and U.S.-flag carriers. Trucking: Over-the-road transportation of cargo is provided by motor vehicles over short and medium distances. The American Trucking Associations reports that in 2012, trucks moved 9.4 billion tons of freight, or about 68.5 percent of all freight tonnage transported domestically. Motor carriers collected $642 billion in revenues, or about 81 percent of total revenue earned by all domestic transport modes. Industry Associations: American Association of Port AuthoritiesAmerican Society of Transportation and Logistics
American Trucking Associations
Association of American Railroads
Council of Supply Chain Management Professionals
Express Delivery and Logistics Association
Industry Publications: American Shipper
Journal of Commerce
Material Handling Logistics
Transport Intelligence
Transport Topics
North American Industry Classification System For TransportationThe Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline.The Transportation and Warehousing sector distinguishes three basic types of activities: subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for establishments providing support activities for transportation. In addition, there are subsectors for establishments that provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services.A separate subsector for support activities is established in the sector because, first, support activities for transportation are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are production process similarities among the support activity industries.One of the support activities identified in the support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport, railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment to original design specifications) or transportation equipment conversion (i.e., major modification tosystems). An establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of equipment.Many of the establishments in this sector often operate on networks, with physical facilities, labor forces, and equipment spread over an extensive geographic area.Truck Transportation You Can Find More Transportation Factors Information at Trucking Factoring Service
and at Factoringfortruckingcompany.Com
Industries in the Truck Transportation subsector provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. The subsector is subdivided into general freight trucking and specialized freight trucking. This distinction reflects differences in equipment used, type of load carried, scheduling, terminal, and other networking services. General freight transportation establishments handle a wide variety of general commodities, generally palletized, and transported in a containeror van trailer. Specialized freight transportation is the transportation of cargo that, because of size, weight, shape, or other inherent characteristics require specialized equipment for transportation.Each of these industry groups is further subdivided based on distance traveled. Local trucking establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. Long distance trucking establishments carry goods between metropolitan areas.The Specialized Freight Trucking industry group includes a separate industry for Used Household and Office Goods Moving. The household and office goods movers are separated because of the substantial network of establishments that has developed to deal with local and long-distance moving and the associated storage. In this area, the same establishment provides both local and long-distance services, while other specialized freight establishments generally limit their services to either local or long-distance hauling.General Freight Trucking This industry group comprises establishments primarily engaged in providing general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. The establishments of this industry group provide a combination of the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.General Freight Trucking, Local This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.General Freight Trucking, Long-Distance This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.General Freight Trucking, Long-Distance, Truckload This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.General Freight Trucking, Long-Distance, Less Than Truckload This U.S. industry comprises establishments primarily engaged in providing long-distance, general freight, less than truckload (LTL) trucking. LTL carriage is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. These establishments are generally characterized by the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.Specialized Freight Trucking This industry group comprises establishments primarily engaged in providing local or long-distance specialized freight trucking. The establishments of this industry are primarily engaged in the transportation of freight which, because of size, weight, shape, or other inherent characteristics, requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. This industry includes the transportation of used household, institutional, and commercial furniture and equipment.Top Transportation Factoring CompaniesUsed Household and Office Goods Moving
This industry comprises establishments primarily engaged in providing local or long-distance trucking of used household, used institutional, or used commercial furniture and equipment. Incidental packing and storage activities are often provided by these establishments. Specialized Freight (except Used Goods) Trucking, Local
Specialized Freight (except Used Goods) Trucking, Long-Distance This industry comprises establishments primarily engaged in providing long-distance specialized trucking. These establishments provide trucking between metropolitan areas that may cross North American country borders.You Can Find More Transportation Factors Information at truckermoney.comFreight BrokerA freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier.To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). Freight brokers are required to carry surety bonds as well.Freight broker services are valuable to both shippers and motor carriers. Freight brokers help shippers find reliable carriers that might otherwise be difficult to locate. They assist motor carriers in filling their trucks and earning money for transporting a wide variety of items. For their efforts, freight brokers earn commissions.Freight brokers use their knowledge of the shipping industry and technological resources to help shippers and carriers accomplish their goals. Many companies find the services provided by freight brokers indispensable. In fact, some companies hire brokers to coordinate all of their shipping needs.Often, freight brokers are confused with forwarders. Though a freight forwarder performs some of the same tasks as a freight broker, the two are not the same. A forwarder takes possession of the items being shipped, consolidates smaller shipments, and arranges for the transportation of the consolidated shipments. By contrast, a freight broker never takes possession of items being shipped thus in the absence of negligent entrustment, a freight broker is not normally involved as a party litigant in a cargo claimdispute, although as an accommodation, the freight broker may assist the shipper at their request and expense with filing freight claims.Trucking Invoice FactoringNAICS Index Description What Is Freight Factoring 484110 Bulk mail truck transportation, contract, local
484110 Container trucking services, local
484110 General freight trucking, local
484110 Motor freight carrier, general, local
484110 Transfer (trucking) services, general freight, local
484110 Trucking, general freight, local
484121 Bulk mail truck transportation, contract, long-distance (TL)
484121 Container trucking services, long-distance (TL)
484121 General freight trucking, long-distance, truckload (TL)
484121 Motor freight carrier, general, long-distance, truckload (TL)
484121 Trucking, general freight, long-distance, truckload (TL)
484122 General freight trucking, long-distance, less-than-truckload (LTL)
484122 LTL (less-than-truckload) long-distance freight trucking
484122 Motor freight carrier, general, long-distance, less-than-truckload (LTL)
484122 Trucking, general freight, long-distance, less-than-truckload (LTL)
484210 Furniture moving, used
484210 Motor freight carrier, used household goods
484210 Trucking used household, office, or institutional furniture and equipment
484210 Used household and office goods moving
484210 Van lines, moving and storage services
484220 Agricultural products trucking, local
484220 Automobile carrier trucking, local
484220 Boat hauling, truck, local
484220 Bulk liquids trucking, local
484220 Coal hauling, truck, local
484220 Dry bulk trucking (except garbage collection, garbage hauling), local
484220 Dump trucking (e.g., gravel, sand, top soil)
484220 Farm products hauling, local
484220 Flatbed trucking, local
484220 Grain hauling, local
484220 Gravel hauling, local
484220 Livestock trucking, local
484220 Log hauling, local
484220 Milk hauling, local
484220 Mobile home towing services, local
484220 Refrigerated products trucking, local
484220 Rubbish hauling without collection or disposal, truck, local
484220 Sand hauling, local
484220 Tanker trucking (e.g., chemical, juice, milk, petroleum), local
484220 Top-soil hauling, local
484220 Tracked vehicle freight transportation, local
484220 Trucking, specialized freight (except used goods), local
484230 Automobile carrier trucking, long-distance
Truck Factoring Definition 484230 Boat hauling, truck, long-distance
484230 Bulk liquids trucking, long-distance
484230 Dry bulk carrier, truck, long-distance
484230 Farm products trucking, long-distance
484230 Flatbed trucking, long-distance
484230 Forest products trucking, long-distance
484230 Grain hauling, long-distance
484230 Gravel hauling, long-distance
484230 Livestock trucking, long-distance
484230 Log hauling, long-distance
484230 Mobile home towing services, long-distance
484230 Radioactive waste hauling, long-distance
484230 Recyclable material hauling, long-distance
484230 Refrigerated products trucking, long-distance
484230 Refuse hauling, long-distance
484230 Rubbish hauling without collection or disposal, truck, long-distance
484230 Sand hauling, long-distance
484230 Tanker trucking (e.g., chemical, juice, milk, petroleum), long-distance
484230 Tracked vehicle freight transportation, long-distance
484230 Trash hauling, long-distance
484230 Trucking, specialized freight (except used goods), long-distance
484230 Waste hauling, hazardous, long-distance
484230 Waste hauling, nonhazardous, long-distance
California Oilfield Factoring Services Get MONEY NOW for your outstanding receivables.
We understand the oil and gas industry and know the challenges that oilfield service providers face. We provide oilfield factoring services for many types of businesses in the Permian Basin and Eagle Ford Basin and nationwide including the following:
• Acidifying Most of the energy consumed in the United States comes from fossil fuels (petroleum, coal, and natural gas). These fossil fuels and crude oil-based petroleum products are the major sources of energy used in the United States.What is crude oil and what are petroleum products?
Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands. Petroleum products are fuels made from crude oil and other hydrocarbons contained in natural gas. Petroleum products can also be made from coal, natural gas, and biomass.Products made from crude oil
After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt.A U.S 42-gallon barrel of crude oil yields about 45 gallons of petroleum products in U.S. refineries because of refinery processing gain. This increase in volume is similar to what happens to popcorn when it is popped.The United States is one of the largest crude oil producers
U.S. refineries obtain crude oil produced in the United States and in other countries. Different types of companies supply crude oil to the world market.Where is U.S. crude oil produced?
Crude oil is produced in 32 U.S. states and in U.S. coastal waters. In 2017, about 65% of total U.S. crude oil production came from five states:
• Texas—38%
• North Dakota—11%
• Alaska—5%
• California—5%
• New Mexico—5%
In 2017, about 18% of U.S. crude oil was produced from wells located offshore in the federally administered waters of the Gulf of Mexico.
Although total U.S. crude oil production generally declined between 1985 and 2008, annual production increased from 2009 through 2015. Production declined slightly in 2016 and increased in 2017. More cost-effective drilling technology helped to boost production, especially in Texas, North Dakota, Oklahoma, New Mexico, and Colorado.
What is natural gas?
Natural gas is a fossil energy source that formed deep beneath the earth's surface. Natural gas contains many different compounds. The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4). Natural gas also contains smaller amounts of natural gas liquids (NGL; which are also hydrocarbon gas liquids), and nonhydrocarbon gases, such as carbon dioxide and water vapor. We use natural gas as a fuel and to make materials and chemicals.How did natural gas form?
Millions to 100’s of millions of years ago and over long periods of time, the remains of plants and animals (such as diatoms) built up in thick layers on the earth’s surface and ocean floors, sometimes mixed with sand, silt, and calcium carbonate. Over time, these layers were buried under sand, silt, and rock. Pressure and heat changed some of this carbon and hydrogen-rich material into coal, some into oil (petroleum), and some into natural gas.Where is natural gas found?
In some places, natural gas moved into large cracks and spaces between layers of overlying rock. The natural gas found in these types of formations is sometimes called conventional natural gas. In other places, natural gas occurs in the tiny pores (spaces) within some formations of shale, sandstone, and other types of sedimentary rock. This natural gas is referred to as shale gas or tight gas, and it is sometimes called unconventional natural gas. Natural gas also occurs with deposits of crude oil, and this natural gas is called associated natural gas. Natural gas deposits are found on land and some are offshore and deep under the ocean floor. A type of natural gas found in coal deposits is called coalbed methane.How do we find natural gas?
The search for natural gas begins with geologists who study the structure and processes of the earth. They locate the types of geologic formations that are likely to contain natural gas deposits.Geologists often use seismic surveys on land and in the ocean to find the right places to drill natural gas and oil wells. Seismic surveys create and measure seismic waves in the earth to get information on the geology of rock formations. Seismic surveys on land may use a thumper truck, which has a vibrating pad that pounds the ground to create seismic waves in the underlying rock. Sometimes small amounts of explosives are used. Seismic surveys conducted in the ocean use blasts of sound that create sonic waves to explore the geology beneath the ocean floor.If the results of seismic surveys indicate that a site has potential for producing natural gas, an exploratory well is drilled and tested. The results of the test provide information on the quality and quantity of natural gas available in the resource.Drilling natural gas wells and producing natural gas
If the results from a test well show that a geologic formation has enough natural gas to produce and make a profit, one or more production (or development) wells are drilled. Natural gas wells can be drilled vertically and horizontally into natural gas-bearing formations. In conventional natural gas deposits, the natural gas generally flows easily up through wells to the surface.In the United States and in a few other countries, natural gas is produced from shale and other types of sedimentary rock formations by forcing water, chemicals, and sand down a well under high pressure. This process, called hydraulic fracturing or fracking, and sometimes referred to as unconventional production, breaks up the formation, releases the natural gas from the rock, and allows the natural gas to flow to and up wells to the surface. At the top of the well on the surface, natural gas is put into gathering pipelines and sent to natural gas processing plants.Natural gas is processed for sale and consumption
Natural gas withdrawn from natural gas or crude oil wells is called wet natural gas because, along with methane, it usually contains NGL—ethane, propane, butanes, and pentanes—and water vapor. Wellhead natural gas may also contain nonhydrocarbons such as sulfur, helium, nitrogen, hydrogen sulfide, and carbon dioxide, most of which must be removed from natural gas before it is sold to consumers. From the wellhead, natural gas is sent to processing plants where water vapor and nonhydrocarbon compounds are removed and NGL are separated from the wet gas and sold separately. Some ethane is often left in the processed natural gas. The separated NGL are called natural gas plant liquids (NGPL), and the processed natural gas is called dry, consumer-grade, or pipeline quality natural gas. Some wellhead natural gas is sufficiently dry and satisfies pipeline transportation standards without processing. Chemicals called odorants are added to natural gas so that leaks in natural gas pipelines can be detected. Dry natural gas is sent through pipelines to underground storage fields or to distribution companies and then to consumers.In places where natural gas pipelines are not available to take away associated natural gas produced from oil wells, the natural gas may be reinjected into the oil-bearing formation, or it may be vented or burned (flared). Reinjecting unmarketable natural gas can help to maintain pressure in oil wells to improve oil production.Coalbed methane can be extracted from coal deposits before or during coal mining, and it can be added to natural gas pipelines without any special treatment.Most of the natural gas consumed in the United States is produced in the United States. Some natural gas is imported from Canada and Mexico in pipelines. A small amount of natural gas is also imported as liquefied natural gasThe United States used about 27 trillion cubic feet (Tcf) of natural gas in 2017, the equivalent of 28 quadrillion British thermal units (Btu) and 29% of total U.S. primary energy consumption.Natural gas use by U.S. consuming sectors by amount and share of total U.S. natural gas consumption in 2017
• Industrial—9.51 Tcf—35
• Electric power—9.25 Tcf—34%
• Residential—4.41 Tcf—16%
• Commercial—3.16 Tcf—12%
• Transportation—0.77 Tcf—3%
How natural gas is used in the United States
Most U.S. natural gas use is for heating buildings and generating electricity, but some consuming sectors have other uses for natural gas.The industrial sector uses natural gas as a fuel for process heating, in combined heat and power systems, and as a raw material (feedstock) to produce chemicals, fertilizer, and hydrogen. In 2017, the industrial sector accounted for about 35% of U.S. natural gas consumption, and natural gas was the source of about 31% of the U.S. industrial sector's total energy consumption.The electric power sector uses natural gas to generate electricity. In 2017, the electric power sector accounted for about 34% of U.S. natural gas consumption, and natural gas was the source of about 26% of the U.S. electric power sector's energy consumption. Most of the electricity produced by the electric power sector is sold to and used by the other U.S. consuming sectors, and that electricity use is included in each sector’s total energy consumption. The other consuming sectors also use natural gas to generate electricity, and nearly all of this electricity is used by the sectors themselves.The residential sector uses natural gas to heat buildings and water, to cook, and to dry clothes. About half of the homes in the United States use natural gas for these purposes. In 2017, the residential sector accounted for about 16% of U.S. natural gas consumption, and natural gas was the source of about 23% of the U.S. residential sector's total energy consumption. The commercial sector uses natural gas to heat buildings and water, to operate refrigeration and cooling equipment, to cook, to dry clothes, and to provide outdoor lighting. Some consumers in the commercial sector also use natural gas as a fuel in combined heat and power systems. In 2017, the commercial sector accounted for about 12% of U.S. natural gas consumption, and natural gas was the source of about 18% of the U.S. commercial sector's energy consumption.The transportation sector uses natural gas as a fuel to operate compressors that move natural gas through pipelines and as a vehicle fuel in the form of compressed natural gas and liquefied natural gas. Nearly all vehicles that use natural gas as a fuel are in government and private vehicle fleets. In 2017, the transportation sector accounted for about 3% of total U.S. natural gas consumption. Natural gas was the source of about 3% of the U.S. transportation sector's energy consumption in 2017, of which 94% was for natural gas pipeline and distribution operations.Where natural gas is used
Natural gas is used throughout the United States, but five states accounted for about 38% of total U.S. natural gas consumption in 2017:
• Texas—14.3%
• California—7.8%
• Louisiana—5.9%
• Florida—5.1%
• Pennsylvania—4.7%
Choose a U.S. State Alabama oilfields
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California Staffing Factoring Services-About The Staffing industry
Who Staffing Invoice Factoring Is Right For
Because of the wide variety of positions recruited for and industries served, a staffing company's invoices can be paid at unpredictable times. Payroll Receivable Factoring helps staffing agencies overcome their cash flow management issues. If you are a staffing company with $5,000 to $50,000 per month of outstanding invoices, Receivable Factoring may be the solution for you.Staffing Receivable Factoring is commonly used by:- General staffing agencies- Information (IT) staffing agencies
- Temporary staffing agencies
- Health care staffing agencies
- Human resources (HR) consulting firms
- Headhunters
For the staffing industry, payroll Receivable Factoring has increasingly become an important lifeline. staffing agencies typically aren't paid until placements have been on the job for two weeks, and sometimes three months for executives. That's a long time to wait for the cash you need to run your business.This problem can hurt staffing agencies looking to put contract workers, or temp employees, into another organization. They will typically give 30- to 90-day terms to the business they're working with, but still have to pay these workers in the meantime. However, it can also hurt large executive recruiting firms who often work on a small retainer before they even know if they'll be paid.Some executive firms may not be able to use staffing Receivable Factoring until after they've placed an employee, but all temp agencies will be able to use a staffing Receivable Factoring product as soon as they place workers. Either way, staffing Receivable Factoring has become a lifeline for the industry to help them keep their expenses in check while they wait for their customers to pay.About The Staffing Industry5 Benefits of Using a Staffing Agency to Improve Quality of New Hires1. FocusWorking with a staffing company allows your team to stay focused on the tasks and tactics that make your business most profitable. With fewer tasks to be completed in-house, distractions are minimized. Let a staffing company do the busy work of filling your candidate funnel and eliminating those who are not qualified or who are not likely to be a good fit for your company's culture.2. Expert Advicestaffing company recruiters are trained and experienced experts who can efficiently sift through the hundreds - or even thousands - of responses your job posting may solicit and bring you a short list for consideration. What's more, their insights about candidates or their resumes can be invaluable in helping you decide which candidates should make the cut and move on to an interview.3. Better-Informed CandidatesFew things are more frustrating within the recruiting and hiring process as moving a candidate all the way through the process to the point of making an offer, only to discover that they had unrealistic expectations about the job, its salary range or responsibilities. One of the benefits of using a staffing company is that they give candidates information about your company and the position ahead of time, so that candidates who want to self-select out of the process for any reason can do so, saving you time and resources in the process.4. Pre-Screened for the Fast TrackRecruiting and hiring processes can take months! You can short-cut the process by working with staffing agencies who have already recruited, interviewed and pre-screened candidates who can be in place within a day or two, instead of weeks or months.5. Try Before You Buy OptionsHaving the ability to work with candidates on a trial basis as temporary employees placed through a staffing company gives you the opportunity to bring in top talent and see how they fit within the team and perform without making a long-term commitment. It can be equally positive for candidates themselves as they have a chance to find out whether the job and your corporate culture is a good fit for them. If you have experienced the pain and high cost of making a bad hire, this reason alone might make the benefits of using a staffing agency preferable to doing the recruiting and hiring yourself.Benefits of Using a Staffing Agency: Calculating the Cost of a New HireThe cost of a new hire is far greater than the cost of posting position openings or running a new hire screening, and not all of those costs can be measured in dollars. For instance, how can you calculate the negative impact of turnover on an understaffed department, or time lost to productivity when new hires are shadowing other employees?If you are trying to come up with the real cost of recruiting and hiring in your organization in order to weigh the benefits of using a staffing agency against completing the work in-house, here are some costs to consider:- Time spent writing job post ad copy
- Time spent researching job boards, social networks and publications for placements
- Cost of placing position openings in print and online job boards
- Time spent reviewing submissions, monitoring all placement channels and responding to applicants
- Resources (time, money and materials) spent on written responses to applicants
- Time spent doing pre-interview phone screenings and setting up interviews
- Time spent conducting interviews and lost productivity for interview participants
- Time spent conducting reference checks
- Time and resources spent on pre-employment screening/s
- Food, beverages, lodging or travel costs
- Cost of reimbursement for parking or transportation
It's a lot! When you begin to tally up the cost of time spent on-boarding new hires, doing paperwork, setting up payroll and benefits, completing training and lower productivity while they get up to speed, you can begin to understand the high cost of employee turnover and better appreciate the benefits of using a staffing agency, especially when it comes to improving the cost of new hires.Staffing Industry StatisticsThe staffing, recruiting, and workforce solutions industry makes a vital contribution to the U.S. economy, and provides outstanding job and career opportunities for nearly 17 million employees per year. Click on the tabs below to see the facts and statistics for staffing companies and employees.In the U.S., there are about 20,000 staffing and recruiting companies, which altogether operate around 39,000 offices. Approximately 55% of companies and 74% of offices are in the temporary and contract staffing sector of the industry.Staffing companies offer a wide range of employment-related services, predominantly Temporary and contract staffing
 Recruiting and permanent placement
 Outsourcing and outplacement
Human resource consultingThe staffing industry in the U.S. - Statistics Staffing firms operate within the business services industry, finding workers for client companies. Unlike recruitment companies, staffing agencies primarily deal with temporary and contract job positions, although not necessarily exclusively. Staffing firms find temporary employees to fill job positions for client companies which require staff for short term work assignments. These positions, which are usually for lower skilled jobs, have vacancies available for a variety of reasons, such as, maternity leave, short term projects or periods of high demand in the company. Despite the candidate working within a client company, they often remain an employee of the staffing agency. This is not the case in all positions, as the employee may go on to be hired permanently by the client company. The global staffing industry generated 428 billion U.S. dollars in 2016. In that same year, the United States' staffing and recruiting industry sales reached 150 billion U.S. dollars, 85 percent of which was generated in the temporary and contract employment sector. In the United States, temporary and contract employment totaled 14.5 million in 2016, down from 15.6 million in 2015, the highest employment figure recorded since the year 2000. While employment figures have been sporadic between 2000 and 2016, the average length of temporary and contract assignments have generally risen over the period from 9.7 weeks in 2000 to 11.5 weeks in 2016.How Staffing Agencies WorkHow can businesses and job hunters cut through the red tape of the hiring process? Many use an employment agency to alleviate the process. An employment agency is a firm hired by a company to help with its staffing needs. Employment agencies find people to fill all kinds of jobs, from temporary to full-time, in a number of career fields. Whether a company needs a nurse, an administrative assistant, a manager or a carpenter, an employment agency can find the right employee.Both public and private employment agencies help place workers. In the United States, one of the major public employment agencies is the U.S. Department of Labor Employment and Training Administration. This agency provides job-seeking services and tools for workers through online resources and a network of offices around the country. It promotes public and private sector jobs by linking to national and state job banks.Private employment agencies also help place workers, particularly in the private sector. These employment agencies tend to specialize in one of three fields:- personnel placement services
- staffing services, also known as temporary help services
- executive search firmsAll told, these staffing agencies put millions of people to work every day. In fact, in the temporary and contract industry, over two million people are employed by staffing agencies every business day, and staffing agencies hire 8.6 million temporary and contract employees every year So, what do these employment agencies actually do?Read on to find out why they're an invaluable resource for both employers and employees. For employers, an employment agency can take the grunt work out of human resources. Filling an open position takes time and money. Estimates are that hiring a worker can cost 7 to 20 percent of that position's salary and take 30 to 45 days to fill. That can be pretty taxing to some companies, so it's worth their while to farm out the hiring process to a recruiter at an employment agency.When a business needs a specific person for a job, it'll contract with a personnel placement services firm, also called a recruiter. The recruiter handles the search process and matches up an employee with the job in question, lining up potential candidates who interview with the company.For senior-level management positions, a company may choose to hire an executive search firm, also known as a headhunter. An executive search firm works under a retainer agreement from the hiring company and uses a set code of standards to identify and place workers in these highly visible positions.When a company just needs a vacation fill-in or someone to work for a few months, it uses a staffing agency. Staffing agencies provide skilled employees to work on a temporary or contract basis. Some employers also use staffing agencies as recruiters in positions known as "temp to perm,"meaning the position is temporary, but it could lead to a permanent position if the worker and company are a good fit.What is a staffing agency?Also known as employment agencies or recruitment firms, staffing agencies employ recruiters who work on behalf of employers looking to fill positions or workers hoping to find positions. These positions range in levels from entry level to executive level and often require specific skills and knowledge. The staffing company's job is to find qualified candidates on behalf of a company or, in the case of representing workers seeking jobs, appropriate positions for the candidate.Many staffing agencies specialize in a particular industry, experience level, or type of work. The work may be temporary, part-time, short-term, or full time.Medical staffing companySince healthcare is a high-demand industry with busy periods and fluctuations in labor, many staffing agencies specialize in filling positions for medical personnel. Medical staffing agencies may further specialize in a particular profession, such as nursing, or type of position, such as temporary or permanent. Others staff a wide range of positions, including registered vocational, and practical nurses; physical, occupational, and speech therapists; OR, ER, CT, and radiation technicians; social workers; home health aids; administrative and office personnel; and many others.Some staffing agencies do hire physicians although not as frequently as other medical professions.Engineering staffing agenciesAs with medical staffing agencies, engineering staffing agencies specialize in filling positions in a high-demand field—in this case, of course, engineering. Staffing agencies may focus on specific niches or types of engineering or cover a range of fields, such as aerospace, agricultural, biomedical, chemical, civil, computer and software, electrical, environmental, industrial, manufacturing, mechanical, nuclear, pharmaceutical, project, solar, structural, systems, and telecommunication, among many other specialties.Staffing agency vs. temp agencyWhile many people confuse the two terms, a temp agency is actually a type of staffing agency specializing in temporary work. Temp agencies exclusively find employees to fill short-term positions, many of which arise at a moment's notice because of illnesses, maternity leave, and other absences. Employers may also engage temp agencies to find extra help during busy seasons. For instance, a department store may hire extra workers during the holiday season and use a temp agency to find temporary employees.Meanwhile, a staffing company may find temporary positions and workers, but employers and professionals may also use one to find longer-term work depending on the needs of the client.How do staffing agencies work?EmployersAs an employer, you will look for a staffing company that specializes in or covers your industry. In your initial meeting, you'll share the requirements for the job and any other needs you'd like to specify.The staffing company will then create a job description based on your input and share it across several channels, including their own website and other job boards. Depending on the nature of the work, representatives may also actively recruit candidates from LinkedIn and other professional channels.Once the staffing company has located appropriate candidates, the recruiter will perform one or more screening interviews and narrow down the pool further. Again, depending on whether the work is temporary or permanent and other qualifications, you may ask the agency to conduct the entire hiring process, or you may choose to interview the candidates yourself as well. Either way, you will be involved in the hiring process and will have the ultimate say over which candidate is selected.In the case of positions that are temporary or temp-to-hire (the company hires the employee on a temporary basis but will consider hiring her for a more permanent position if it works out), the staffing agency usually handles the entire recruitment and interviewing process. For permanent positions, the staffing company generally functions like a traditional recruitment agency and finds and screens candidates for the employer to interview.If the position is temporary, the agency will pay the worker directly. If the position is permanent or becomes permanent, the employer will handle or take over payroll for the employee.""""""
Who Staffing Invoice Factoring Is Right For
Because of the wide variety of positions recruited for and industries served, a staffing company's invoices can be paid at unpredictable times. Payroll Receivable Factoring helps staffing agencies overcome their cash flow management issues. If you are a staffing company with $5,000 to $50,000 per month of outstanding invoices, Receivable Factoring may be the solution for you.Staffing Receivable Factoring is commonly used by:- General staffing agencies- Information (IT) staffing agencies
- Temporary staffing agencies
- Health care staffing agencies
- Human resources (HR) consulting firms
- Headhunters
For the staffing industry, payroll Receivable Factoring has increasingly become an important lifeline. staffing agencies typically aren't paid until placements have been on the job for two weeks, and sometimes three months for executives. That's a long time to wait for the cash you need to run your business.This problem can hurt staffing agencies looking to put contract workers, or temp employees, into another organization. They will typically give 30- to 90-day terms to the business they're working with, but still have to pay these workers in the meantime. However, it can also hurt large executive recruiting firms who often work on a small retainer before they even know if they'll be paid.Some executive firms may not be able to use staffing Receivable Factoring until after they've placed an employee, but all temp agencies will be able to use a staffing Receivable Factoring product as soon as they place workers. Either way, staffing Receivable Factoring has become a lifeline for the industry to help them keep their expenses in check while they wait for their customers to pay.About The Staffing Industry5 Benefits of Using a Staffing Agency to Improve Quality of New Hires1. FocusWorking with a staffing company allows your team to stay focused on the tasks and tactics that make your business most profitable. With fewer tasks to be completed in-house, distractions are minimized. Let a staffing company do the busy work of filling your candidate funnel and eliminating those who are not qualified or who are not likely to be a good fit for your company's culture.2. Expert Advicestaffing company recruiters are trained and experienced experts who can efficiently sift through the hundreds - or even thousands - of responses your job posting may solicit and bring you a short list for consideration. What's more, their insights about candidates or their resumes can be invaluable in helping you decide which candidates should make the cut and move on to an interview.3. Better-Informed CandidatesFew things are more frustrating within the recruiting and hiring process as moving a candidate all the way through the process to the point of making an offer, only to discover that they had unrealistic expectations about the job, its salary range or responsibilities. One of the benefits of using a staffing company is that they give candidates information about your company and the position ahead of time, so that candidates who want to self-select out of the process for any reason can do so, saving you time and resources in the process.4. Pre-Screened for the Fast TrackRecruiting and hiring processes can take months! You can short-cut the process by working with staffing agencies who have already recruited, interviewed and pre-screened candidates who can be in place within a day or two, instead of weeks or months.5. Try Before You Buy OptionsHaving the ability to work with candidates on a trial basis as temporary employees placed through a staffing company gives you the opportunity to bring in top talent and see how they fit within the team and perform without making a long-term commitment. It can be equally positive for candidates themselves as they have a chance to find out whether the job and your corporate culture is a good fit for them. If you have experienced the pain and high cost of making a bad hire, this reason alone might make the benefits of using a staffing agency preferable to doing the recruiting and hiring yourself.Benefits of Using a Staffing Agency: Calculating the Cost of a New HireThe cost of a new hire is far greater than the cost of posting position openings or running a new hire screening, and not all of those costs can be measured in dollars. For instance, how can you calculate the negative impact of turnover on an understaffed department, or time lost to productivity when new hires are shadowing other employees?If you are trying to come up with the real cost of recruiting and hiring in your organization in order to weigh the benefits of using a staffing agency against completing the work in-house, here are some costs to consider:- Time spent writing job post ad copy
- Time spent researching job boards, social networks and publications for placements
- Cost of placing position openings in print and online job boards
- Time spent reviewing submissions, monitoring all placement channels and responding to applicants
- Resources (time, money and materials) spent on written responses to applicants
- Time spent doing pre-interview phone screenings and setting up interviews
- Time spent conducting interviews and lost productivity for interview participants
- Time spent conducting reference checks
- Time and resources spent on pre-employment screening/s
- Food, beverages, lodging or travel costs
- Cost of reimbursement for parking or transportation
It's a lot! When you begin to tally up the cost of time spent on-boarding new hires, doing paperwork, setting up payroll and benefits, completing training and lower productivity while they get up to speed, you can begin to understand the high cost of employee turnover and better appreciate the benefits of using a staffing agency, especially when it comes to improving the cost of new hires.Staffing Industry StatisticsThe staffing, recruiting, and workforce solutions industry makes a vital contribution to the U.S. economy, and provides outstanding job and career opportunities for nearly 17 million employees per year. Click on the tabs below to see the facts and statistics for staffing companies and employees.In the U.S., there are about 20,000 staffing and recruiting companies, which altogether operate around 39,000 offices. Approximately 55% of companies and 74% of offices are in the temporary and contract staffing sector of the industry.Staffing companies offer a wide range of employment-related services, predominantly Temporary and contract staffing
 Recruiting and permanent placement
 Outsourcing and outplacement
Human resource consultingThe staffing industry in the U.S. - Statistics Staffing firms operate within the business services industry, finding workers for client companies. Unlike recruitment companies, staffing agencies primarily deal with temporary and contract job positions, although not necessarily exclusively. Staffing firms find temporary employees to fill job positions for client companies which require staff for short term work assignments. These positions, which are usually for lower skilled jobs, have vacancies available for a variety of reasons, such as, maternity leave, short term projects or periods of high demand in the company. Despite the candidate working within a client company, they often remain an employee of the staffing agency. This is not the case in all positions, as the employee may go on to be hired permanently by the client company. The global staffing industry generated 428 billion U.S. dollars in 2016. In that same year, the United States' staffing and recruiting industry sales reached 150 billion U.S. dollars, 85 percent of which was generated in the temporary and contract employment sector. In the United States, temporary and contract employment totaled 14.5 million in 2016, down from 15.6 million in 2015, the highest employment figure recorded since the year 2000. While employment figures have been sporadic between 2000 and 2016, the average length of temporary and contract assignments have generally risen over the period from 9.7 weeks in 2000 to 11.5 weeks in 2016.How Staffing Agencies WorkHow can businesses and job hunters cut through the red tape of the hiring process? Many use an employment agency to alleviate the process. An employment agency is a firm hired by a company to help with its staffing needs. Employment agencies find people to fill all kinds of jobs, from temporary to full-time, in a number of career fields. Whether a company needs a nurse, an administrative assistant, a manager or a carpenter, an employment agency can find the right employee.Both public and private employment agencies help place workers. In the United States, one of the major public employment agencies is the U.S. Department of Labor Employment and Training Administration. This agency provides job-seeking services and tools for workers through online resources and a network of offices around the country. It promotes public and private sector jobs by linking to national and state job banks.Private employment agencies also help place workers, particularly in the private sector. These employment agencies tend to specialize in one of three fields:- personnel placement services
- staffing services, also known as temporary help services
- executive search firmsAll told, these staffing agencies put millions of people to work every day. In fact, in the temporary and contract industry, over two million people are employed by staffing agencies every business day, and staffing agencies hire 8.6 million temporary and contract employees every year So, what do these employment agencies actually do?Read on to find out why they're an invaluable resource for both employers and employees. For employers, an employment agency can take the grunt work out of human resources. Filling an open position takes time and money. Estimates are that hiring a worker can cost 7 to 20 percent of that position's salary and take 30 to 45 days to fill. That can be pretty taxing to some companies, so it's worth their while to farm out the hiring process to a recruiter at an employment agency.When a business needs a specific person for a job, it'll contract with a personnel placement services firm, also called a recruiter. The recruiter handles the search process and matches up an employee with the job in question, lining up potential candidates who interview with the company.For senior-level management positions, a company may choose to hire an executive search firm, also known as a headhunter. An executive search firm works under a retainer agreement from the hiring company and uses a set code of standards to identify and place workers in these highly visible positions.When a company just needs a vacation fill-in or someone to work for a few months, it uses a staffing agency. Staffing agencies provide skilled employees to work on a temporary or contract basis. Some employers also use staffing agencies as recruiters in positions known as """"temp to perm,"""" meaning the position is temporary, but it could lead to a permanent position if the worker and company are a good fit.What is a staffing agency?Also known as employment agencies or recruitment firms, staffing agencies employ recruiters who work on behalf of employers looking to fill positions or workers hoping to find positions. These positions range in levels from entry level to executive level and often require specific skills and knowledge. The staffing company's job is to find qualified candidates on behalf of a company or, in the case of representing workers seeking jobs, appropriate positions for the candidate.Many staffing agencies specialize in a particular industry, experience level, or type of work. The work may be temporary, part-time, short-term, or full time.Medical staffing companySince healthcare is a high-demand industry with busy periods and fluctuations in labor, many staffing agencies specialize in filling positions for medical personnel. Medical staffing agencies may further specialize in a particular profession, such as nursing, or type of position, such as temporary or permanent. Others staff a wide range of positions, including registered vocational, and practical nurses; physical, occupational, and speech therapists; OR, ER, CT, and radiation technicians; social workers; home health aids; administrative and office personnel; and many others.Some staffing agencies do hire physicians although not as frequently as other medical professions.Engineering staffing agenciesAs with medical staffing agencies, engineering staffing agencies specialize in filling positions in a high-demand field—in this case, of course, engineering. Staffing agencies may focus on specific niches or types of engineering or cover a range of fields, such as aerospace, agricultural, biomedical, chemical, civil, computer and software, electrical, environmental, industrial, manufacturing, mechanical, nuclear, pharmaceutical, project, solar, structural, systems, and telecommunication, among many other specialties.Staffing agency vs. temp agencyWhile many people confuse the two terms, a temp agency is actually a type of staffing agency specializing in temporary work. Temp agencies exclusively find employees to fill short-term positions, many of which arise at a moment's notice because of illnesses, maternity leave, and other absences. Employers may also engage temp agencies to find extra help during busy seasons. For instance, a department store may hire extra workers during the holiday season and use a temp agency to find temporary employees.Meanwhile, a staffing company may find temporary positions and workers, but employers and professionals may also use one to find longer-term work depending on the needs of the client.How do staffing agencies work?EmployersAs an employer, you will look for a staffing company that specializes in or covers your industry. In your initial meeting, you'll share the requirements for the job and any other needs you'd like to specify.The staffing company will then create a job description based on your input and share it across several channels, including their own website and other job boards. Depending on the nature of the work, representatives may also actively recruit candidates from LinkedIn and other professional channels.Once the staffing company has located appropriate candidates, the recruiter will perform one or more screening interviews and narrow down the pool further. Again, depending on whether the work is temporary or permanent and other qualifications, you may ask the agency to conduct the entire hiring process, or you may choose to interview the candidates yourself as well. Either way, you will be involved in the hiring process and will have the ultimate say over which candidate is selected.In the case of positions that are temporary or temp-to-hire (the company hires the employee on a temporary basis but will consider hiring her for a more permanent position if it works out), the staffing agency usually handles the entire recruitment and interviewing process. For permanent positions, the staffing company generally functions like a traditional recruitment agency and finds and screens candidates for the employer to interview.If the position is temporary, the agency will pay the worker directly. If the position is permanent or becomes permanent, the employer will handle or take over payroll for the employee."""
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