| Employment Agencies
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| No matter what benefits are being offered, the staffing industry is sensitive to downshifts in the economy. The first thing that happens in a downturn is a hiring freeze, with perm hiring off some 35% to 40% annually. Layoffs occur, and temps are the first to go (off from 5% to 20% annually), as business owners try to preserve their core work force. Eventually, many core jobs are eliminated and the unemployment rate rises.
When the economy picks up, temp improves first as companies want to make sure the improvement is for real. Perm hiring resumes next in the form of temp-to-hire, those working part time, then those on furlough. Many staffing companies will not survive. Cost cutting can help, but the key to getting through these times in good shape is to replace lost revenue with new staffing opportunities, rather than simply waiting for the tide to rise. This presents an opportunity for us to find firms that we are able to re-position; those that are resourceful and have an opportunity to move into new niches, gain market share, increase profits and
improve their market value. The process takes the integrated effort we provide in marketing, recruiting,
finance and general management. |
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| Incubator: SearchingForATemp.com, Inc. () |
| SearchingForATemp.com, Inc. (SFT) is an Employment Staffing company and virtual recruiting agency. SFT Recruiters enjoy workplace flexibility (including working from home), client/candidate control, and the highest commissions in the industry through our independent recruiter network. Unlike the typical salary + commission setup of most staffing agencies, SFT Recruiters have entrepreneurial independence without the risk or burdens of "going it alone." Thus, their passion to serve the needs of our clients, as well as our candidates and staff who form the core of our business, shines through. Through these relationships, SFT makes a difference by creating and defining opportunity through the network which includes: , , , and .
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