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Staffing franchises put you in the people business.
The employee of yesterday is gone. With low unemployment rates,
fewer college grads and a growing demand for specialized, highly
skilled workers, it's an employee-driven market--today,
employers with dwindling resources are scrambling to fill
positions. in order To sort through complex human resources issues,
an increasing number of companies are forging bonds with
specialized staffing firms.
"It's become a much more specialized world out
there," says Bruce Steinberg, associate editor of Staffing
Industry Report (SIR). "In many cases, companies
may not have the human resources experience to know exactly what
skills they need to reach their business goals. Staffing services
have become strategic partners that help their clients reach their
goals."
According to SIR, the staffing industry's annual
revenues have risen an average of 18.5 percent since 1993, and with
forecasts for 1999 at $117.6 billion, the industry shows no signs
of slowing. Although specialized staffing represents just a small
niche of the industry, the future is bright for segments like
technical/IT staffing (which grew 19 percent between 1998 and
1999); medical (12 percent); and professional (22 percent), which
includes marketing, accounting and legal staffing.
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Many specialized staffing companies choose to grow via
franchising; to do so, they need the right franchisees eager to
apply their hard-earned sales skills, industry knowledge and
contacts. Franchise buyers have a lot to gain as well--with
franchisors picking up much of the payroll side of the business in
this typically cash-flow heavy industry, the franchisees are free
to concentrate on recruiting employees and attracting clients.
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