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| Spherion The staffing industry has come a long way since its inception in the 1940s, when it consisted of little more than supplying temps for a day. Its evolution into a full-service industry has led to accelerating growth. An increasing number of companies are realizing the benefits of utilizing staffing firms as part of their recruiting strategy. By taking a consultative approach to workforce solutions to help customers develop their optimal workforce, Spherion is leading the way in this continually growing industry. With
more than 700 offices and annual revenues of $2 billion, Spherion has a strong
brand name and presence that transcends the local marketplace. Named one of Entrepreneur magazine’s Franchise 500
for six years in a row, Spherion has
more than 8,000 clients, including 85% of the Fortune 100 companies. Spherion
franchisees are part of a company that is established, strong and equipped with
all the resources needed to be successful.
Investment
Required
The
fee for a Spherion franchise is $25,000. Spherion offers financing for current
Spherion associates and potential franchisees with at least 5 years of
experience in the staffing industry in a sales or recruiting role. Spherion
provides the following range of investments required to open your initial franchise.
The range assumes that all items are paid for in cash. To the extent that you
choose to finance any of these expense items, your front-end investment could
be substantially reduced.
On-going
Expenses
Spherion
franchisees pay a monthly commission split equal to 25% of temporary gross
profits (the rate declines as sales grow), a monthly commission split equal to
12% of full-time placement sales, a national advertising fee equal to 0.25% of
sales and a required local marketing expenditure equal to 1% of temporary and
full-time sales. Additional fees include a monthly computer system support fee
and a fee for payroll and billing services performed by the franchisor What You
Get—Training and Support
All
new franchisees must successfully complete Spherion’s comprehensive training
program, which consists of on-site, online and classroom-based training.
Training topics covered include operations, risk management, sales and
marketing. In addition, Spherion provides its franchisees with ongoing training
and support through a dedicated Spherion representative, who gives franchisees
in-office sales and marketing training. Each
franchisee is assigned an operations director familiar with all the facets of
the business. The operations director will continue to help franchisees
throughout their tenure with Spherion. Additionally, Spherion offers a variety
of resources through its superior intranet and periodic national and regional
meetings covering the subjects of sales, advertising, operating procedures,
insurance and legal developments. Territory
Spherion
grants protected territories. |