Dec 31, 2015

How Our Payroll Funding Services Evolved Into Startup Mentoring

In 2007, when the economy took a nose dive, TempWorks started offering payroll funding alongside the software that was our meat-and-potatoes. Our CEO, David Dourgarian, has said this decision “kept the lights on during the recession.”

Up until 2015, we were following the same basic script as other payroll funding companies. Startups seeking financial assistance would sign a strict contract with us, and we’d cross our fingers that they’d stick around and become software customers afterward.

More often than not, it didn’t work out that way.

Even though TempWorks was making money off the arrangements, David Dourgarian realized it wasn’t good for the long-term health of our company because we weren’t building lasting relationships. It wasn’t 2007 or 2008 anymore, and we could exercise more discretion with whom we chose to work. So we scrapped the old script and re-envisioned funding services as startup development services, complete with business mentoring. We did away with contracts and upped our application standards, too.

Recruiter.com writer Matthew Kosinski describes this shift in depth after a recent interview with Dourgarian. It’s a perfect example of how Dourgarian, besides being undeterred by challenges, is committed to helping TempWorks and the industry evolve. The same can be said of our software.

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We evaluate gaps and weaknesses in your internal processes and recommend solutions.
Payroll Funding
A flexible solution that ensures you always have the cash flow needed to meet payroll obligations on time.

Payroll Processing

Reliable, cost-effective billing and payroll processing, from automation and enhanced workflows to built-in compliance and collections support.

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Full-service tax support, from making tax payments on your behalf to filing returns.

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From reconciling accounts to planning for tax time, year-end accounting is overwhelming. Simplify the process with our expert W-2 management & distribution.

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About TempWorks

Don’t skip any crucial steps in laying the foundation of your business. With this playbook as your guide, get ready to future proof your business.

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