The Best Staffing Franchises to Buy in Four Red Hot Industries

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With the economy poised to recover as vaccine distribution continues, many companies will be looking to hire to meet coming demand, which makes staffing franchises a strong investment in 2021. 

Pandemic unemployment rose to from 3.5% in 2019 a record 14.8% percent in April 2020, with 22 million people out of work. But the effects were not felt across the board, with industries like health care and STEM-related fields experiencing unprecedented hiring growth, and unemployment declining every month to today’s current 6.2%.  

As the economic recovery continues, the demand for staffing franchises will continue to increase. While the staffing industry saw a 17% revenue decline in 2020, IndustrySelect forecasts 2% growth through 2024 to reach $542 billion in revenue, with the majority of growth coming from the United States. These numbers may reach new heights if the Biden Administration’s economic plan of investing $400 billion over the next ten years in clean energy innovation and manufacturing is passed, as the plan’s goal is to create 10 million new jobs. 

According to MarketWatch, the IT staffing market is expected to grow at a CAGR of 3.66% over the next five years, the healthcare staffing market is expected to grow at a CAGR of 5.1% over the next seven years, and the manufacturing market by a CAGR of 14% over the next six years. 

Check out these staffing franchises in the booming healthcare, administrative, I.T., and manufacturing industries ready for this surge: 

 

AtWork Personnel 

Since 1986, AtWork has grown to nearly 100 locations. In 2019 Staffing Industry Analysts awarded them the Fastest Growing US Staffing Firm Award and was ranked in Entrepeneur’s Franchise 500. Recently, they were named in Franchise Business Review's Top Franchises for 2021. To learn more about a franchise opportunity with AtWork Personnel, click here. 

 

Express Employment Professionals 

Founded in 1983, Express Employment Professionals has grown to over 800 locations across the US and Canada. In 2014, it generated $2.85 billion in sales and employed more than 456,000 peopl. Express ranks as the largest franchised staffing company and second largest privately held staffing company in the United States. For more information about a franchise opportunity with Express Employment Professionals, click here. 

 

Icreatives 

Icreatives focuses on the creating staffing sector. With over 50 years of experience in staffing, sales and business development, Icreatives has the knowledge and training for a successful franchise. To learn more about a franchise opportunity with Icreatives, click here. 

 

Nextaff 

Starting in 1998, Nextaff has grown to become a recognized brand in the staffing industry by Inc. 500, Franchise Business Review, Ernst & Young Entrepreneur of the Year, and Staffing Industry Analysts. On average, Nextaff franchisees report an annual gross profit of $394,662. To learn more about a franchise opportunity with Nextaff, click here. 

 

Spherion Staffing 

Franchising since 1956, Spherion Staffing has grown to 197 locations across Asia, Europe and North America. On average, a Spherion Office generates over $5 million in annual revenue and $1 million in gross margin each year. For more information about a franchise opportunity with Spherion Staffing, click here. 

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