Oilfield temporary staffing companies do not have a lot of time to waste. When an oilfield is up and running, it has constant personnel needs that are often difficult for the oil company itself to fulfill. In the oil industry, there are many jobs that pay well and do not have specific technical demands. An oilfield temporary staffing company that specializes in filling these necessary jobs will also have demanding payroll needs which are ongoing and immediate. Oil rigs and oilfields are constant sources of activity that require very specific kinds of personnel to be successful.
One of the more important kinds of personnel that can be supplied by an oilfield temp staffing service is a truck driver. When an oilfield is operational, there is a strong need to keep supplies moving into the compound and from one part of the facility to the other. In the oil exploration industry, indecision or lack of the proper kinds of equipment and supplies can mean lost money, lost opportunity and the potential for serious injuries. The trucks that move materials around on an oilfield are essential to the field’s success, but truck drivers can be very difficult for oil companies to find on their own. That is why they turn to staffing companies that have the experience and database necessary to provide experienced drivers.
It is critical that an oilfield temp staffing company have the proper kind of experience in finding oilfield truckers, because the demands of the job are significant. An oilfield trucker needs to be precise, patient and professional. This is why it is so difficult for oil companies to find their own truckers and why many oil companies turn to temp staffing agencies for help. A good temp agency can find the right trucker for a short-term or long-term oilfield assignment and allow the oil company to get the job done.
Everyone has their role in an oil exploration company, and finding reliable floorhands can be a challenge. An oil company can usually find the floorhands it needs to operate a field at times of low productivity, but when the work picks up, the oil company finds itself in need of a staff of reliable roustabouts that will keep things moving along. Finding good leasehands on short notice can be almost impossible for an oil company, which is why they turn to staffing agencies for help.
Floorhands are entry level workers in the oil exploration industry, but they are still required to have a reliable set of skills and they need to take their job seriously. From maintenance needs to clean-up tasks, floorhands are there to make sure that the rest of the crew is able to do its job and keep the oilfield productive. A good oilfield temp staffing service is able to provide and oil company with the leasehands it needs to insure the safe operation of the business and to make sure that the field meets its production requirements each and every day.
An oilfield temp staffing service deals with a variety of different personnel needs for a long list of oil exploration clients. In the oil exploration industry, a temp staffing service needs to be able to react quickly to customer needs if it wants to keep clients and attract new ones. But oil exploration companies can also create issues for staffing companies when the exploration businesses allow their staffing invoices to go past due. This creates cash flow issues for the staffing company that make it difficult for the staffing company to meet client needs.
One of the most significant expenses an oilfield temp staffing service has is recruiting. It can take months of serious recruiting work just to find a couple of leasehands that the staffing company can rely on. When it comes to more specialized temp positions, such as trucker or a welder, it can take even longer to create a database of prospective professionals that the staffing company and its clients can rely on. The screening process for a oilfield temp staffing company is comprehensive, and it requires continuous funding to be effective.
Oilfield temp agencies rely on their outstanding invoices to supply the cash flow they need to fund their operations. In most cases, an oil exploration organization does not have time to wait for an staffing company to secure bank funding. When an oil exploration company needs temporary personnel, it needs that personnel immediately and it needs the right kind of personnel to get the job done. Instead of relying on slow and unpredictable bank funding, an oilfield temp staffing company should work with a factoring company instead.
Factoring companies the specialize in staffing can take those outstanding invoices and turn them into that critical cash flow that the staffing service needs to continue its recruiting efforts and meet its ongoing payroll needs. When an oilfield staffing service is able to generate invoiced sales for its services, it expects to be able to utilize those sales to run its operation. A factoring company can make sure that the oilfield temp staffing service has the cash flow necessary and that all of its legitimate invoices are utilized to create a business line of credit that will allow the staffing service to exceed client expectations.
Commerce Commercial Credit is a premier factoring company that has years of experience in the oil and gas exploration industry. We have a very easy online application process that can have your account approved and set up in three to five business days. With an approved account, we can transfer funds from approved invoices in as fast as 24 hours.
Commerce Commercial Credit uses your approved invoices to creditworthy clients as assets. We will apply those assets as collateral against cash advances directly into your company’s bank account. You will not have to disrupt your recruiting services because of slow cash flow and you will never have to worry about missing payroll. We will work with you to establish a factoring program that fits your company’s needs and utilizes your outstanding invoices as the basis for financial stability.
When oilfield temporary staffing services need reliable cash flow, they turn to experienced factoring companies for help. Commerce Commercial Credit has years of experience working in the oil exploration industry, and we have billions of dollars in resources necessary to help you sustain a viable business line of credit using your invoiced sales as collateral. Do not put the future of your oilfield staffing company in the hands of a bank. Commerce Commercial Credit is not a bank, which means that we do not have the bureaucratic rules that banks have which slows them down. We are an experienced financial partner that you can use to fund your ongoing operations and keep your oil exploration clients happy.
