Spherion
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here to link to Spherion’s detailed company profile
Spherion Staffing Services is a leading recruiting and staffing provider that specializes in placing administrative, clerical, customer service and light industrial candidates in temporary and full-time opportunities. As an industry pioneer for more than 60 years, Spherion has sourced, screened and placed millions of individuals in virtually every industry through a network of offices across the United States and Canada.
Services include temporary, permanent, and outsourced placement within Accounting & Finance, Engineering, Healthcare, Industrial, IT, Legal, Life Sciences, and Office. Other offerings include payrolling, managed services, recruitment process outsourcing and HR consulting solutions.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
166 |
150 |
149 |
| | % Change | -- |
-9.6% |
-0.7% |
| | Company-Owned |
396 |
264 |
248 |
| | % Change | -- |
-33.3% |
-6.1% |
| | Total |
562 |
414 |
397 |
| | % Change | -- |
-26.3% |
-4.1% |
| | Franchised as % of Total |
29.5% |
36.2% |
37.5% |
Investment Required
The fee for a for a Spherion franchise is $25,000.
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.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$25,000 |
$25,000 |
| |
Computer System |
$3,650 |
$5,750 |
| |
Real Property |
$1,000 |
$3,200 |
| |
Leasehold Improvements, Furniture, and Fixture |
$7,500 |
$15,500 |
| |
Equipment |
$4,650 |
$10,500 |
| |
Opening Advertisement |
$1,050 |
$5,150 |
| |
Training Expenses |
$1,050 |
$3,100 |
| |
Start-Up Supplies |
$510 |
$1,050 |
| |
Insurance |
$2,100 |
$7,850 |
| |
Utility Expenses |
$160 |
$1,100 |
| |
Professional Fees |
$1,050 |
$5,200 |
| |
Business Franchises |
$160 |
$1,100 |
| |
Hardware Installation |
$720 |
$1,100 |
| |
Additional Funds (12 months) |
$51,500 |
$82,500 |
| |
Total Investment |
$100,000 |
$168,000 |
On-going Expenses
Spherion franchisees pay a temporary sales fee, a full-time placement fee, and a computer system support fee, among others.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. Click here to download a summary of a recent independent survey of Spherion's existing franchisees conducted by the Franchise Research Institute. You can also click here to download direct quotes from franchisees about their experience with Spherion, taken from the same survey. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
How do you rate Spherion in terms of: |
Rating* |
|
|
Overall Quality of Franchisor |
100% |
|
|
Overall Training and Support Supplied by the Franchisor |
100% |
|
|
Would you Recommend this Franchise to a Prospective Franchisee? |
100% |
General Opportunity Provided by Franchisor System |
98% |
|
|
* Independent Audit of Existing Franchisees Who Rated Spherion as Excellent, Very Good, or Good |
What You Get–Training and Support
Spherion bills clients, pays employees, and provides the software applications and cutting-edge technology that connect the franchisee to the corporate network, eliminating many operating costs associated with running the business. Some of the highlights include a dedicated and experienced field support team, extensive training programs, in-depth mentoring and coaching programs, centralized recruiter tools and helpful resources, comprehensive pre-opening procedures, centralized sales and marketing tools, national sales programs, web-based technology and tools, 100% financing for temporary payroll, client invoicing, accounting support, and a call center for operations and technical help.
Once the franchisee is in business, Spherion provides the following assistance and services:
standardized sales and promotional programs, campaigns and materials; prepare and pay the weekly payroll for temporary employees, including payroll taxes and other direct labor costs, prepare and deliver invoices to the customer for full-time placements and for services performed by temporary employees, and provide all other management information services and equipment previously discussed; provide advice and guidelines in handling customer collections, arrange and pay for accrued expenses relating to insurance; a mailing list of current and prospective customers, full-time placement applicants and temporary employees; match the national advertising fee paid by the franchisee.
Territory
Spherion does grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Hottest New Franchises publication.
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