Freight Factoring

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Freight factoring, also known as transport factoring, trucking/truck factoring, and freight bill factoring takes invoices and turns them into cash. Instead of waiting for 30, 60, or 90 days to…

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Workers’ Compensation

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A type of business insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care, wages from lost work time and…

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Vendor Management System (VMS)

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An Internet-enabled application that acts as a mechanism for business to manage and procure staffing services through third party staffing suppliers (temporary help as well as, in some cases, permanent…

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Per Diem

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A Latin phrase that literally translates to “by the day” but is used to denote daily living expenses paid to technical, travel nurses, or other skilled temporary or contract employees…

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Penetration Rate

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Used in relation to temporary staffing, the term ‘Penetration Rate’ is the proportion of people working on a temporary basis through staffing firms compared to total people in employment. In…

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