Staffing Franchise Opportunities
Get a Studenttimes Staffing Solutions Franchise! and make your dream come true, To Be your own boss with small investment.
Staffing is one of the nation’s top ten fastest-growing industries and has been for over 25 years. It is predicted by the Bureau of Labor Statistics to create the newest jobs over the next ten years. The industry steadily grows, regardless of the economy. Meanwhile, operating expenses rose 15.0% to $17.2 billion, leaving the profit margin steady at 6.6%.
The cost structure for this industry remained stable in 2021, with salaries, wages, commissions, and benefits (56.3%) and subcontracts (31.4%) combined making up the largest share of operating expenses. Salaries, wages, commissions, and benefits in the employment services industry increased by 16.3% to $9.7 billion in 2021. Temporary staffing services benefited the most from the return to work in 2021 as their portion of sales climbed to 55.3%, their highest share since 2013. Permanent placements and contract staffing generated 37.2% of sales. Other sales of goods and services, which include those by professional employer organizations, accounted for the remaining 7.5% of total sales
One of the best ways for entrepreneurs to become new business owners is to join a franchise. This allows them to quickly get up off the ground with an established market, product, and process without a steep learning curve.
E-commerce sales, which are still not customary among staffing agencies in Canada, represented 1.9% of total sales.