Rank no. 404 – Spherion Staffing – US
Products & Services: Staffing & recruiting services
Number of Locations: 146
Total Investment: $100K – 168K
Began Franchising: 1956
Formerly Interim Services Inc., Spherion Corp. was founded in 1946 by Leroy Dettman. It began franchising in 1956 and acquired staffing franchisor Norrell in 1999. Spherion has operations in Asia, Europe and North America.
Net Worth: $150,000
Liquid Cash Available: $100,000
90% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 – 5. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|
Spherion® Staffing Services is a leading recruiting and staffing provider that specializes in placing administrative, clerical, customer service, light industrial, non-clinical healthcare and professional talent in temporary and full-time opportunities. As an industry pioneer for more than 65 years, Spherion has sourced, screened and placed millions of individuals in virtually every industry through a network of offices across the United States. Spherion offers companies a unique combination of personalized customer service backed by the resources, knowledge and geographic breadth of a $2 billion dollar workforce leader. Last year we helped more than 8,000 clients find the right talent to meet their workforce goals. Each local office is individually owned and operated by a team of staffing specialists who are known throughout the community, well-acquainted with your business and supported by a strong network of talent.
Spherion understands the trends and nuances of staffing which enables us to guide our franchise offices and to help them meet their growth goals. Our franchisees, some of which are second generation franchisees, have a long history of contributing their talent, commitment and passion to building our brand, strengthening the system and enjoying the satisfaction and rewards that come from being part of a winning team. Our company and our industry have stood the test of time.
The estimated initial capital requirements range between $97,700 – $163,200 for franchisees. This includes the initial franchise fee and estimated working capital reserves needed.
You will operate in a defined, protected territory. The initial term is 10 years with successive five-year renewal periods normally available. Your success, as well as ours, is tied to your growth and profitability. Organic growth can be a great way to achieve that and many of our franchisees have opened more than one office.
We have a comprehensive training program all new franchisees must successfully complete through on-site, online, and classroom-based training. Training topics covered include all the areas you need, including operations, risk management, sales and marketing.
You will be assigned a Regional Vice President and Director of Operations that will support your office and who are familiar with all facets of the business. They will help you get started and continue to help you throughout your tenure as a franchisee; their role is to help you grow your office. On average, each member of the franchise team has 15 years of experience in the staffing industry. In addition, the company offers a variety of resources though our Corporate Service Center and via our intranet which is one of the best in the industry.