Why 2022 is the Year to Own a Staffing Franchise
2020 and 2021 were pivotal years for many professionals in the corporate world. Seismic changes both within their industries and in the business landscape at large shed new, harsh light on their previous work situation, causing them to want more than what they were getting in the proverbial rat race.
Dubbed the ‘Great Resignation,’ this collective wave of dissatisfaction with the status quo has led numerous professionals to rethink the remainders of their careers, with some deciding that now is the time to go into business for themselves. Armed with years of business management experience and the desire to do something that makes a difference both in their own lives and the lives of other people, more and more people have seen franchising as the best path to financial security, schedule flexibility, and freedom from the daily grind.
However, selecting the right franchise brand is easier said than done. After all, it’s important to invest in a concept that will always be in high demand, regardless of the twists and turns the economy takes. For that reason, entrepreneurs are overwhelmingly gaining interest in the staffing industry, which is currently red-hot thanks to recent staffing shortages and the ongoing demand for healthcare staffing. Here’s why this year is not only a good year but perhaps the best year ever to invest in a staffing franchise.
COVID And The Healthcare Staffing Industry
The staffing market is set to bolster itself even more in the years to come. You’ll find no better time than now to start your own staffing business. If you’re out to specialize in nursing staff, you’d benefit from a rapidly expanding market, sadly fueled by a worldwide healthcare crisis.
Industry research shows the global healthcare staffing market is set to reach $47.8 billion USD by 2026. At the height of the pandemic, the worldwide market for healthcare staff was at an estimated $33.8 billion.
Pushed by a growing need to salvage as many human lives as possible, various countries are beginning to adopt new healthcare staffing models. In the face of worldwide staffing shortages, governments are devising strategies to save more people while stimulating job markets.
The result has seen healthcare staffing gain more use in hospitals, nursing homes, as well as pharmaceutical companies all over the world. Yet, this is not a quick industry trend. The pandemic aside, those who supply healthcare staff would still find themselves in an expanding market.
That would mostly be due to rises in the geriatric population coupled with increased availability of medical insurance for more people. Skilled labor will always be needed to take care of both technical and non-technical aspects of new and incoming medical devices.
Assured Success
There is a big difference between collecting funds from outside investors and investing in a franchise. Investors can without a doubt provide you with the needed funding to set up shop, but what they rarely provide is a tried and tested formula for success. Instead, once funding is given, they wait impatiently for your business to start bringing in a return on their investment.
Buying into a franchise business takes money, but you get so much more in return than a handshake and well wishes. This move sees you buying into a tried and tested formula for success with technical support teams on standby, solid guidelines on how to manage your business, and, in many cases, a strong reputation with which to associate your business.
In contrast, the conventional route leaves you with room to figure things out on your own. Joining a franchise comes with formulas for assured success.
Strong Marketing And Branding
NEXTAFF can get the ball rolling much faster than starting from scratch. It takes away the frustration and slow-building process that comes with getting people to notice your business and earning the trust of would-be loyal customers. All of this comes with the brand you have bought into.
The brand is already established, trusted, and easily recognizable. Their marketing efforts have already done the legwork and have been developed and refined by professionals long before you decided to take up its mantle. Under this approach, you can rest assured that you open your doors with a reputation that is memorable, recognizable, and already sought after.
Of course, building a business from scratch can be rewarding and leave you with more room to make your own marketing mistakes. You get to watch your own brand grow mostly through your own efforts and grow familiar with the term “trial and error”. However, if you are already a strong craftsman, reliable and willing to grow through hard work, there is no reason why kicking off a business under a well-known name shouldn’t be seen as a massive benefit.
Bypass Your Competition
While a franchise does not prevent competition, it does put your business in a better position to outperform rival franchises from other brands and independent businesses. The reputation you buy into can render your products and services superior to those of your rivals. It also puts your marketing campaigns in better positions to succeed while keeping encroaching competition at bay.
The moment you set the quality of your products and services as being superior to that of most independent businesses in your area, you will already have cemented the growth of your chosen market. All that is left to do is use the brand and your skills to boost your sales and exposure.
Make no mistake, going into business on your own from scratch is a large and admirable decision. It is never a choice that should be taken lightly nor seen as the only way to get the growth and exposure you desire. However, researching options on how to grow your nurse staffing efforts will no doubt have you thinking about buying into a well-known franchise.
With brands like NEXTAFF on your side, you gain more support from your franchiser and clients. The brand assures superior exposure and the secured long-term operation of your staffing business.
Choose NEXTAFF
With the COVID-19 pandemic still upon us, starting a successful staffing business can be tough. With NEXTAFF, success in the staffing industry is increased thanks to our industry-leading support infrastructure and proven model.
Opportunities await those looking to help reduce the country’s shortage of healthcare workers. Their solution: NEXTAFF, a trusted partner in healthcare staffing.
By adopting their brand, NEXTAFF allows people to become business owners. They’re a successful staffing franchise that focuses on much more than simply filling staffing gaps. They’re out to build long-term staffing solutions for both people and organizations.
For more information on how you can reimagine your career by using your existing professional skill set, visit the NEXTAFF franchise website today!
How to hire for the future
In the commercial shipping industry, staffing shortages have been on the rise for years – and the concern is only going to grow. This situation arose partly from an organic shift in the marketplace towards purchases online, accelerated tenfold by the Covid-19 pandemic.
Gaps in the labor market have arisen for more factors than just one, however. Data from the US Bureau of Labor Statistics show that more than 4.3 million people “voluntarily quit,” jobs in December 2021, just missing the record high from the previous month.
On top of the consumer market, Millenials and Gen Z have previously been reluctant to join the warehouse workforce. Although in contrast to their slightly elder generation, the latter has shown more readiness to pick up warehouse work.
Statistics tell that Gen Z is upwards of 10% more likely to seek out transport work than their former. That being said, the market is also expecting a further decline in the workforce in the coming years. As of April 2022, transportation, warehousing, and utilities have seen the largest increases in job openings.
With so many moving parts, how can businesses stay on top of hiring in the current market? The aid of a liaison that can provide easy access to an available workforce becomes necessary.
Benefits of Working Alongside Franchise Agencies
In the summer of 2022, many industries, in general, are struggling to find the workers necessary to keep up with demand. Employment rates are still lower than they were pre-pandemic.
“As the U.S. economy continues adding back jobs after the pandemic recession, the staffing industry is playing a key role in getting people back to work,” said Richard Wahlquist, the president and CEO of ASA.
The global staffing industry revenue is $445bn, and in the US alone it amounts to over $130bn. There are a lot of reasons why staffing is one of the fastest-growing industries in B2B services. Candidates hired out of staffing agencies are typically more skilled, and ready to fill in for positions requiring years of experience.
When corporations and businesses face a prominent staffing gap, a common gut reaction can be cross-training existing employees to take on work for the missing labor. This is usually a costly mistake, however, leading to problems down the line – sometimes even resulting in more employees quitting!
The logical approach, when faced with seasonal staffing shortages, isn’t to stretch what you’re already working with, but to breathe new life into your workforce. This process is made immensely easier when partnering alongside a trusted and highly useful staffing agency.
Consider the Temporary and Contracted Workforce
When dealing with summer staffing shortages, it’s key to look for candidates with more flexibility in their schedules. Having the right intention and motivation when hiring during these times will truly help in the long run.
Staffing agencies can help businesses connect with workers who are:
Recently graduated students beginning or working on their career paths
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- New graduates are always on the lookout for part-time work, and while they may move on to different work opportunities in the future, they make excellent employees due to a readiness to learn and improve.
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Parents and caregivers seeking part-time work
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- During the pandemic, many parents found themselves opting for working from home to help their children with remote schooling. However, now more parents and caregivers are opting for new temp jobs to better align with changing family schedules.
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Recently graduated students beginning or working on their career paths
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- Skilled individuals swapping careers paths needing work in-between
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Employees brought on during such turbulent times can sometimes even outperform their colleagues. The desire to do one's best seems to shine during the temporary employment period, which in some cases leads to permanent and much-needed hires.
NEXTAFF Can Help Manage Your Needs in the Changing Climate
In the summer of 2022, many industries, in general, are struggling to find the workers necessary to keep up with demand. Employment rates are still lower than they were pre-pandemic.
“As the U.S. economy continues adding back jobs after the pandemic recession, the staffing industry is playing a key role in getting people back to work,” said Richard Wahlquist, the president and CEO of ASA.
The global staffing industry revenue is $445bn, and in the US alone it amounts to over $130bn. There are a lot of reasons why staffing is one of the fastest-growing industries in B2B services. Candidates hired out of staffing agencies are typically more skilled, and ready to fill in for positions requiring years of experience.
When corporations and businesses face a prominent staffing gap, a common gut reaction can be cross-training existing employees to take on work for the missing labor. This is usually a costly mistake, however, leading to problems down the line – sometimes even resulting in more employees quitting!
The logical approach, when faced with seasonal staffing shortages, isn’t to stretch what you’re already working with, but to breathe new life into your workforce. This process is made immensely easier when partnering alongside a trusted and highly useful staffing agency.
Your path to a secure future.
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