Specialty staffing temp agencies have several challenges that they have to meet on a regular basis. Every staffing agency has a process it follows to find the new personnel it needs to meet client needs and that process is filled with testing and other screening methods. When it comes to pharmacist staffing temp agencies, the process is a bit more involved and the needs are often very precise. But the temporary staffing situation for the pharmacy industry has benefits on both sides that help to keep temp staffing agencies filled with the talent they need to make customers happy.
It takes years of training to become a certified pharmacist, and the pharmacy industry is growing by leaps and bounds. In many parts of the United States, the local work forces are unable to keep up with the demands of a growing medical community. But thanks to the hard work of pharmacist staffing temp agencies, the critical needs of the companies that distribute medications to communities are starting to be met. The key expense for any specialty temp agency is payroll, and that is no different for a pharmacist staffing agency. The key is to keep pharmacist temp agencies funded so they can continue to meet the needs of communities everywhere.
New graduates from pharmaceutical programs always find it difficult to find the right position to fit their careers. Without experience, many pharmaceutical organizations will not give new graduates a chance. This is how many pharmaceutical graduates wind up waiting tables or having to take other jobs just to pay the bills. While they are waiting to get their break in the pharmaceutical industry, they have student loans and other debts piling up. It is essential that a new graduate get the experience he needs to establish his career in pharmaceuticals, but it is also a challenge.
Pharmacist staffing temp agencies help solve that problem by thoroughly screening new graduates and giving them temporary assignments that allow them to build the experience they need to move into more lucrative pharmaceutical positions. It can take years for a new graduate to finally move up into a position of significance in the pharmaceutical industry, but the climb cannot start until he gets the initial experience he needs. A staffing company can help to provide that experience and give the new graduate his big break.
People outside the pharmacy industry do not understand how many different elements go into hiring a pharmacist. The pharmacy management needs to be able to trust their pharmacists and each pharmacist also needs to be able to interact effectively with the public. Finding the perfect candidates for employment can be an exhaustive and expensive process for pharmacy organizations. That is why many pharmacies rely on temp staffing agencies to provide candidates on a temporary basis that could be considered as potential full-time hires.
For the pharmacist working for the temp agency, a contract position that has the potential to go full-time is ideal because it gives him a chance to show the pharmacy his skill set, but he also has the safety net of knowing that he can be placed on another assignment if this one does not work out. The pharmacist staffing temp agency puts its reputation on the line with every candidate that it presents to a pharmacy organization. But with the right kind of recruiting process, the temp agency can always have the right candidates standing by to become full-time employees of a prestigious pharmaceutical organization.
As with any specialty temp staffing agency, payroll concerns are a big deal with pharmacist temp staffing agencies. It is important that these agencies offer competitive salaries to attract talent, but it is also important that the salaries are in line with each candidate’s experience and education. These staffing agencies are not only competing with each other, but they are also competing with the pharmacy organizations that need full-time, qualified personnel. The staffing agencies need to offer competitive wages if they want to attract real talent.
The thing that staffing agencies have above other kinds of placement organizations is the availability of opportunity. A new graduate could take a job stocking shelves at a drug store and hope he gets his chance to work for the pharmacy department, or he could sign up with a pharmacist temp staffing agency and get his chance to build his career-relevant experience right away. A pharmacist who is out of work can either spend time working for a job he hates while he waits for a new pharmacy job, or he could take temporary assignments with real pharmaceutical companies and put himself in a position to find a new job faster than he would otherwise.
A pharmacist temp staffing agency is like any other business in that it wants to maintain its cash flow to stay current with its payroll funding. But temp agencies work with a wide variety of clients and that can mean a wide variety of outstanding invoices. After a while, the aging report for a pharmacist temp staffing agency can represent the potential cash flow for a company, but it would be cash flow that is stifled by past due invoices. It can be an extremely frustrating situation that becomes exaggerated when you consider that a staffing agency must be able to fund several different payrolls that could have a variety of cut-off dates.
Instead of looking at its aging report as a horror story, a pharmacist temp staffing agency should utilize the services of an invoice factoring company to create a stable financial foundation and a reliable cash flow. All of those outstanding invoices to creditworthy clients have value for the staffing company. The key is to find the right kind of invoice factoring company that can turn those outstanding invoices into cash and allow the staffing agency to meet all of its various payroll funding needs.
Commerce Commercial Credit is the premier invoice factoring company for small to medium sized businesses. We have extensive experience working with pharmacist temp staffing agencies and providing them with the cash flow they need to meet their payroll obligations. We advance you the face values of your outstanding invoices, minus our lending fees, by using your approved invoices as collateral. Your company worked hard to generate those invoices, and now Commerce Commercial Credit can turn those invoices into the cash you need to run your staffing business.
The application process with Commerce Commercial Credit is fast and easy. We can have your account approved and set up in three to five business days. We do not use your company credit score to approve your account or your invoices because we use the credit scores of your clients. We make sure that your staffing company has the cash flow it needs to fund payroll and meet the expectations of your pharmaceutical company clients.