Franchise Deep Dive: Spherion Staffing & Recruiting's Franchise Costs, Fees, Profit and Data

Spherion Staffing and Recruiting has over 200 locations, providing staffing and recruiting services across various industries.

Read the original at 1851 Franchise
Franchise Deep Dive: Spherion Staffing & Recruiting's Franchise Costs, Fees, Profit and Data

TL;DR

Spherion Staffing and Recruiting has over 200 locations and provides staffing and recruiting services across various industries. The franchise offers two business models, with average franchise owners achieving $7.4 million in annual revenue.

Company overview

Spherion Staffing and Recruiting is one of the world’s largest human resources and recruitment service companies. The franchise provides staffing and recruiting services, and specializes in connecting job seekers with temporary, temp-to-hire and direct-hire positions across various industries.

Spherion was founded in 1946 and began franchising for more than six decades. The brand is operated under its parent company Randstad, which is a $29 billion international workforce solutions leader.

As a result of its services, Spherion has been named a “World-Class Franchise” by the Franchise Research Institute.

As of August 2023, there are more than 200 Spherion Staffing and Recruiting locations across the country.

The brand is offering franchise opportunities throughout the country. However, it’s actively looking to grow in Atlanta, Georgia; Chicago, Illinois; Las Vegas, Nevada; Orlando, Florida; San Antonio, Texas; Charlotte, North Carolina; Grand Rapids, Michigan; Milwaukee, Wisconsin; Philadelphia, Pennsylvania; and San Diego, California.

Franchise models

Spherion offers two franchise business models that allow owners to take advantage of the brand’s steady growth. These business models consist of:

The Spherion Professional model is available in select metro markets and densely populated urban areas. Professional franchise owners concentrate their staffing and recruiting activity on accounting, finance and technology-centric positions. Spherion says its professional franchisees enjoy higher pricing margins than its general staffing model because positions in technology and professional settings offer higher compensation rates. Examples of jobs filled in the professional model include:

  • Software developer

  • Data analyst

  • Programmer

  • Software engineer

  • IT project manager

  • Staff accountant

  • Senior accountant

  • Payroll specialist

  • Controller

  • Financial analyst

The Spherion Commercial model is available in many mid-sized cities and towns, as well as rural areas. Commercial franchise owners primarily support light industrial and administrative positions in smaller markets. Examples of jobs filled in the commercial model include:

  • Assemblers

  • Forklift operators

  • Pickers and packers

  • Plant managers

  • Warehouse staff

  • Administrative assistants

  • Data entry

  • Executive assistants

  • Office managers

Financial performance

  • Receptionists

According to Spherion’s consumer-facing franchising website, in 2022, the average franchise owner achieved $7.4 million in annual revenue and $1.6 in annual gross profits.

The initial investment required to open a Spherion Staffing and Recruiting franchise varies depending on the franchise model you choose.

  • A Spherion Technology franchise investment ranges from $340,795 to $471,975.

  • A Spherion Commercial and General Staffing franchise investment ranges from $214,325 to $342,575.

Interested candidates must also have a minimum net worth of $250K and at least $150K in liquid capital.

The franchise fee required to open a Spherion Staffing and Recruiting franchise is $40K.

Spherion also offers a 25% discount on its franchise fee to military veterans and members of SBA-recognized ethnic minority groups.

  • Rebecca Rogers Tijerino — President and Executive Committee Member

  • Kathy George — Executive Vice President, Franchise Development and Growth

  • Jamie Cirrito — Executive Vice President, Franchise Business Enablement

  • Lynn Billing — Senior Vice President

  • Mike Boyle — Senior Vice President

  • Debbie Fogarty — Senior Vice President

  • Melinda Randolph — SVP, Human Resources

  • Erika Stovall — Finance Director of Franchise Operations

  • Nanci Schulman — Senior Director of Owner Relations

  • Ross Goldstein — General Counsel

  • Bill Tasillo — Vice President of Franchise Sales and Market Development

  • Dan Brunell — Regional Vice President of Franchise Development

  • Doug DeLor — Vice President of Marketing

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All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

In this story

This story was originally published in 1851 Franchise on September 27, 2023. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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