How a staffing franchise supplements the need for employment, helps the employer business market, and keeps the American economy afloat.
According to the Labor Department and The Wall Street Journal, after a series of declines, new applications for unemployment benefits recently began rising again amongst the disruptions of the COVID-19 pandemic. As the lingering and long-term effects are yet to be determined, the inconsistencies of the job market are anything but stable for those in search of income and those currently supplying aid through small businesses. Not only is the American public in need of help with employment, but as businesses continue to close, larger companies experience growth and in turn are in need of assistance with filling positions.
The American Staffing Association reports, “the staffing, recruiting, and workforce solutions industry makes a vital contribution to the U.S. economy and provides outstanding job and career opportunities for some 11 million employees per year.” Clearly, a popular and successful venture, turning to a staffing agency offers recruiting experience and expertise, guidance in finding and hiring strategies, reducing risk in new-hire turnover, and expediting the hiring process, which leads to faster candidate placement. Now more than ever, companies depend on staffing services to provide them with talented workers who can meet a wide range of needs. Meaning, owning a franchise that benefits both employers and employees is not only crucial to the job market but also a smart business endeavor.
Essential Pros staffing franchise is the opportunity to run a successful business while offering solstice to a community. Grossing $160 billion, the staffing industry implements an advantage point for franchise owners to prosper. The most recent Franchise Disclosure Document found on Essential Pro’s website says their “average storefront generates more than $2 million in average sales while the highest performing store generates more than $5 million in gross sales.” The total cost to open the staffing franchise ranges from $120,850 to $201,000, making it a surprisingly affordable investment in terms of expected return.
“For the past 13 years, Essential Pros has built a business model that generates high sales margins, is simple to run, and quick to scale. Utilizing state-of-the-art technology and exceptional back-end office support, Essential Pros franchise owners are free to focus on growing their businesses, driving sales, and getting the essential part right: connecting quality people with quality work.”
The COVID-19 pandemic is the opportune time for owning an Essential Pro’s franchise as it provides a supportive network for the new norm.
CNBC turned to executives with 20 years of experience to ask what the biggest mistakes people make when searching for work. They reported, “When job hunting, especially during times of desperation, [the biggest mistake] is limiting their strategy to only sending out as many resumes as possible — and not taking a few minutes out of their day to focus on networking.” After the pandemic mandated a stay-at-home order, it’s restrictions forced a new normal in the form of working from home. Eliminating business travel and a variety of in-person meetings, the mandate put an end to the most prominent form of networking. Although, franchise staffing agencies supply networking opportunities due to previously established contacts. Essential Pro’s franchises already support this network, amid the struggle for new connections seeming limited to the strength of your WiFi.
The influence of owning a staffing franchise with Essential Pro’s goes beyond your average compensation of gains and networking. Owning a franchise supports staffing agencies, which supports job hunters and the overall aid to our economy. However, Essential Pros lends a helping hand to its franchise owners as well. Proven systems, turn-key business models, and back-end support are provided to new owners and seasoned veterans alike. They supply everything you need to establish a business, connect with the community, and thrive over the long-term.
Founder and CEO Travis Powell says, “Our commitment to helping franchisees thrive is the result of culture: Essential Pros is a family business.” Just as staffing is a field based on relationships, Powell is devoted to running a family-business model of his own. His Vice President, wife Nicole, works side-by-side with Powell and a team of experts who have been with the company for years.
“We pride ourselves on upholding our promises with a systematic approach to hiring unlike anything else in the industry; we call this practice The Essential Difference. We conduct in-person interviews with all of our workers, and we assess individuals not only for relevant professional experience but character, as well.”