If you’re good at selling and relationship-building, owning a franchise in the staffing and employment industry could be the way to go. What’s more, the staffing industry has been growing steadily.
According to Statista, the industry has been growing three and a half times faster than the economy and seven times more rapidly than overall employment. How many industries can say that?
Fact: in 2017, the market size of the U.S. staffing and recruiting industry was $142.8 billion and is expected to grow to $148.3 billion in 2018. In addition, The Bureau of Labor Statistics has projected that employment services will grow to $229.3 billion by 2020.
What Do Staffing Franchise Businesses Do?
Franchise businesses in the staffing industry engage in the following activities:
- Refer job applicants to potential employers
- List employment vacancies
- Recruit temporary and permanent employees
- Payroll services
What Do Franchisees Do?
In a word, they hustle.
In this fast-paced business, franchisees are expected to get out there and find new business.
In addition to finding new business, you, as a franchisee, will need to close new business.
In a nutshell, you’re main role is one of business development. In other words, you’ll be selling (your) employment services. Can you sell?
“I like to think of sales as the ability to gracefully persuade, not manipulate, a person or persons into a win-win situation.”
– Bo Bennett
A New Report On Staffing and Employment Franchises
The Employment and Staffing Franchise Report for 2018 from Franchise Direct looks at the numbers and trends that are shaping this important segment of franchising.
In this new report, you’ll find information on:
- Market share
- Staffing employee numbers by sector
- Annual revenue
- The impact of AI
- Staffing franchise investment amounts
In conclusion, if you’re interested in becoming the owner of a franchise, spend some time going over the Franchise Direct Report. You’ll learn a lot about one of the most important sectors of franchising today.