Staffing Industry Results in Big Bang for Franchise Owners
Choosing a growing industry is one of the first steps in selecting a successful franchise. The choice often lies between selecting an emerging trend or an industry with a history of success. Either way, it’s the future growth of the industry you’re trying to predict. Take a look at the staffing industry – it’s more than 120 years old in North America and is in a robust growth pattern. Staffing Industry Analysts’ latest report put total staffing industry market size at more than $136 billion annually, with six percent growth projected for 2014.
So why all the excitement about the staffing industry? Staffing has added more jobs to the market in the past three years than nearly any other industry in North America. The Bureau of Labor Statistics forecasts the staffing industry to be one of the top 10 job-growth industries in the U.S. through 2018. In today’s economic climate, more companies are turning to staffing firms to guide them through the challenges of maintaining a workforce that matches demands, reduces overhead costs, and manages ever-increasing regulations.
The staffing industry has survived the test of time, allowing companies to manage their workforce through recessions and high demand seasons. As a franchise owner in the staffing industry, you have the opportunity to manage a professional business – one that you can be proud of and make a difference in the community by matching people with jobs. The American Staffing Association reports that 79 percent of staffing employees work full time – nearly the same as the rest of the workforce – and 88 percent of staffing employees say the work experience made them more employable.
Express Employment Professionals franchisees enjoy great accomplishments in helping people succeed and have found security by taking control of their future through business ownership. The Express franchise system has been ranked the No. 1 staffing franchise in the Entrepreneur 500 for the past three years, and is executing an aggressive growth plan for 2014.
Average startup offices within Express average more than $1 million in sales in their first year, and franchises open more than two years average more than $5.16 million annually. Express franchisees have an effective royalty of just 6.3 percent of sales, and enjoy one of the highest rates of return in all of franchising. And the excitement continues for Express, having opened a record number of new locations in 2013 and approaching nearly 700 locations in three countries. Express franchise owners come from all walks of life. Recent new owners have backgrounds in pharmaceutical sales, marketing, operations, finance, and more. With two ownership models and 300 available franchise territories, now is the time to explore the Express franchise opportunity.
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