Franchise Spotlight: Recruitment
The rising demand for recruitment services means this is an industry offering many diverse franchise opportunities.
Statistics show that the employment and recruiting industry in Canada is worth an impressive CA$6billion with over 5000 businesses competing for a slice of the market (Ibis World). With large companies looking to outsource their recruitment needs, this is an industry that has many exciting franchise options for those interested in the sector.
Many companies have found that managing the recruitment process is time-consuming and does not yield the results desired so have turned to recruitment specialists to bridge the gap between their company and future employees.
High unemployment rates can lead to businesses becoming inundated by applications. Low unemployment rates can make it harder for companies to find staff. The recruitment sector can benefit from both these circumstances, making themselves indispensable, as an efficient and cost-effective solution to staffing needs.
There are many established recruitment firms that have chosen to franchise their business, such as Nextaff and Express Employment Professionals. Franchisees will benefit from the wealth of experience and contacts an established company can offer.
Recruitment Industry Analysis
The recruitment sector is highly competitive. Companies need to have significant strength in hiring as well as marketing and administration, and so entering this market as an individual would be extremely challenging. Franchisees will benefit greatly from the brand and banner of a successful business.
Franchisees with a background in sales, business management and a knowledge of the recruitment process will be highly desirable. Whilst many companies do not require specific staffing industry experience, they do look for franchisees who have excellent customer service skills as well as entrepreneurial spirit and a desire to grow their business. The recruitment industry is a robust and lucrative sector and, for passionate and determined individuals, this is a market that offers a profitable return.