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OR
A STABLE INDUSTRY
The Staffing and recruiting business has been around since the days of Julius Caesar. He used to promise an award to any solider that brought another solider to join the roman army.
Now, here two thousand years later this $126.8 billion industry is still booming and is stronger than ever.
Why should you think about starting a business in the recruiting and staffing industry?
A GROWING INDUSTRY
Its reported that 90% of U.S. companies use recruiting and staffing services to fill jobs ranging from administrative assistants to CEOs and are available in virtually every occupation. China and India are also apart of the top three countries who are cashing in on the staffing and recruiting industry, following South Africa and Brazil. As you can see, there is a ton of opportunity for you to set your own schedule, work as hard as you like wherever you like, make all the money you want (not need), and help people every day.
A STAFFING AGENCY
$1,600.00 per week - $20,000 per week
$1,600.00 per week with 5 people constantly on billing. That can total $83,200.00 for the year. $6,400.00 per week with 20 people constantly on billing. That can total $332,800.00 for the year.
How much money can you make in your first year if you start a niche recruiting and staffing business?
Visit www.identifizeconsulting.com to use the infamous calculator!
These number vary based on the length of the contract, the bill rate, hourly, rate, number of people on contract, and your niche!
A RECRUITING AGENCY
$144,000 - $1,000,000 in your 1st year
If youre placing talent at $80K per year which is the average for professional services positions, and you place just one person per month at the lowest 15% placement fee, you can make $144K. But wait you can make more depending on your fee, number of placements, and most importantly, your niche!
OR
http://www.staffingindustry.com/Research-Publications/Research-Topics/Region-North-America/2013-Staffing-Company-Survey-Staffing-firms-best-and-worst-strategic-decisions
Niche Your Recruiting & Staffing Business The Healthcare Industry A Brief Example
Primary Care Physicians
Nursing
Nurse Practitioners
Family Physician ($102,469 - $212,243) Internal Medicine Physician ($99,821 - $245,594) Psychiatrist ($94,300 - $256,631) Hospitalist ($116,499 - $243,940)
Certified Registered Nurse Anesthetist ($105,000 $135,000) Orthopedics Nurse ($76,000 - $129,000) Geriatrics Nurse ($73,000- $123,000) Preoperative Nurse ($61,000- $108,000) Clinical Nurse Specialist ($76,000 - $104,000) Nurse Researcher ($95,000) Certified Nurse Midwife($84,000) Pediatric Endocrinology Nurse ($81,000) Orthopedic Nurse ($81,000)
Emergency Department Nurse Practitioner ($103, 722) Neonatal Nurse Practitioner ($99,810) Retail Health Nurse Practitioner ($96,800) Hospital Based Nurse Practitioner ($96,124) Gerontology Nurse Practitioner ($75,000 - $94,485) House Call Nurse Practitioner ($93,785) Psychiatric/ Mental Health Nurse Practitioner ($92,396 $95,000) Surgical Nurse Practitioner ($91,023) Oncology Nurse Practitioner ($90,862) Cardiology Nurse Practitioner ($90,370)
The median expected salary for a typical Chief Medical Officer in the United States is $341,035. This basic market pricing report was prepared using our Certified Compensation Professionals' analysis of survey data collected from thousands of HR departments at employers of all sizes, industries and geographies. Source: HR Reported data as of December 2013
How important is a niche from a financial perspective when starting a recruiting and staffing business?
Three Words
WORKERS COMPENSATION INSURANCE
If youre starting a recruiting firm only, workers compensation is not required because youre placing talent on your Clients payroll, but if youre providing staffing as a service, you WILL need to provide Workers Compensation insurance and your niche will determine just how expensive or inexpensive this expense can be.
Low Risk
WORKERS COMPENSATION INSURANCE
If you are placing talent who will be performing a job that has little risk (IT, Office, Professional Services, case workers, hospital clerical staff, pharmacists), you will have low premiums (sometimes as low as $500 to start).
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High Risk
WORKERS COMPENSATION INSURANCE
The more risky the jobs being lled (light and heavy industrial, construction, roofing, steel erecting, carpentry, hospitality,) the higher the cost for workers compensation coverage. Workers compensation costs could represent more than 30% of your payroll for high risk positions such as these:
0106 - TREE PRUNING 4000 - SAND OR GRAVEL 3030 | 3040 - STEEL FABRICATION 5022 - MASONRY 5213 | 5222 - CONCRETE 5462 - GLAZING 5479 - INSULATION 5551 - ROOFING 5645 | 5651 - CARPENTRY/FRAMING 6202 | 6235 - OIL & GAS WELL DRILLING 6306 - SEWER CONSTRUCTION 5445 - WALLBOARD APPLICATION 7219 - TRUCKING 7229 - LONG HAUL TRUCKING 7601 - TELEPHONE/CABLE/FIRE ALARM
5040 | 5057 | 5059 - STEEL ERECTION 5403 - CARPENTRY/FRAMING 5474 - PAINTING/WATERPROOFING 5480 - PLASTERING 5606 - GENERAL CONTRACTORS 6003 - PILE DRIVING 6204 - DRILLING 6400 - FENCE ERECTION 5472 | 5473 - ASBESTOS REMOVAL 7228 - SHORT HAUL TRUCKING 7538 - POWER LINE CONSTRUCTION 7612 - CELL & MICROWAVE TOWER ERECTION
YOUR NICHE PHYSICIAN'S ASSISTANTS (TOTAL JOBS*: 83,600) NURSE PRACTITIONERS (TOTAL JOBS*: 100,000+)
Start a Physicians Assistants Recruiting & Staffing Agency Start a Nurse Practitioners Recruiting & Staffing Agency Start a Family Physicians Recruiting & Staffing Agency Start a General Surgeons Recruiting & Staffing Agency Start a Clinical Nurse Specialists Recruiting & Staffing Firm Start a Registered Nurse (RN) Recruiting & Staffing Agency Start a Chief Nursing Officers Recruiting & Staffing Agency
FAMILY PHYSICIANS (TOTAL JOBS*: 859,300) GENERAL SURGEONS (TOTAL JOBS*: 859,300)
$41.59-$60.58
$20.10-$38.91 $38.28-$86.32
Healthcare/Medical Staffing | WC Class Codes 9040, 8045, 8835, 8833, 8832, 8829, 8826, 8825, 8824 | Minimum premiums $7,500
CLINICAL RESEARCH ASSOC $95,100 - $127,000 (TOTAL JOBS*: 100,000) NURSE EDUCATORS (TOTAL JOBS*: 2,061,700) PEDIATRICIANS (TOTAL JOBS*: 859,300) ONCOLOGISTS RADIOLOGISTS CARDIOLOGISTS GASTROENTEROLOGISTS $72,600 - $97,500 $152,000 - $225,000 $100,337 - $418,779 $99,467 - $408,970 $76,923 - $407,666 $127,985 - $480,219
Start a Clinical Research Associate Recruiting & Staffing Firm Start a Nurse Educator Recruiting & Staffing Agency Start a Pediatrician Recruiting & Staffing Agency Start a Oncologist Recruiting & Staffing Agency Start a Radiologist Recruiting & Staffing Agency Start a Cardiologist Recruiting & Staffing Agency Start a Gastroenterologist Recruiting & Staffing Agency
Healthcare/Medical Staffing | WC Class Codes 9040, 8045, 8835, 8833, 8832, 8829, 8826, 8825, 8824 | Minimum premiums $7,500
YOUR NICHE
JAVA / J2EE DEVELOPERS
SALARY
$65,416 - $147,635
HOURLY RATE
$31.45-$70.99
$39.79 $66.11 $26.69-$63.30 $32.49-$71.51 $31.34-$71.08 $28.28-$68.09 $41.16-$73.56 $31.64-$71.59 $27.52-$60.56 $29.12-$63.55
RUBY ON RAILS DEVELOPERS $82,767 - $137,506 PHP / MYSQL DEVELOPERS iOS DEVELOPERS ANDROID DEVELOPERS C# DEVELOPERS HADOOP ENGINEERS $55,510 - $131,654 $67,574 - $148,736 $65,183 - $147,853 $58,829 - $141,633 $85,619 - $153,000
C++ EMBEDDED DEVELOPERS $65,810 - $148,910 PYTHON DEVELOPERS $57,235 - $125,968 $60,560 - $132,190
SQL DEVELOPERS
SALARY $42,161-$105,730
SHAREPOINT PROFESSIONALS $48,795-$139,533 CRAM PROFESSIONALS MICROSOFT DYNAMICS VMWARE PROFESSIONALS $88,000-$151,000 $68,754-$148,044 $59,239-$146,639
CLOUD COMPUTING SOFTWARE DEVELOPERS WHO SPECIALIZE IN: VIRTUALIZATION AND SOFTWARE-AS-A-SERVICE (SAAS) DEVELOPMENT FAMILIARITY WITH PLATFORM-AS-A-SERVICE (PAAS) TECHNOLOGIES
http://readwrite.com/2013/01/30/top-7-in-demand-tech-skills-for2013#awesm=~oprSRYo37qVDVG
ERP CONSULTANTS $103,000 - $172,000 TOTAL JOBS*: 718,800 THE AEROSPACE, HEALTHCARE AND DEFENSE INDUSTRIES ARE IN GREAT NEED OF SAP PROFESSIONALS UI ENGINEERS $92,100 $141,000 (TOTAL JOBS*: 520,800) DATABASE ADMINISTRATOR $88,800 - $123,000 (TOTAL JOBS*: 110,800)
COMPUTER SECURITY SPEC. $90,900 - $125,000 (TOTAL JOBS*: 544,400) SOFTWARE ARCHITECTS $121,000 - $161,000 (TOTAL JOBS*: 520,800) IT CONFIGURATION MANAGER $95,800 - $126,000 (TOTAL JOBS*: 588,500) CLOUD ARCHITECTS BUSINESS INTELLIGENCE MGR. $108,000 - $149,000 (TOTAL JOBS*: 828,100) HEALTH IT SPECIALISTS GEOSPATIAL PROFESSIONALS IT PROJECT MANAGEMENT
DATA MODELERS
Its reported that 35% of all staffing firms derive revenue from the oil/gas sector.
http://www.staffingindustry.com/Research-Publications/Research-Topics/Region-North-America/2013-Staffing-CompanySurvey-What-percent-of-staffing-firm-revenue-is-derived-from-oil-gas-education-and-government#sthash.gMABJGCW.dpuf
PORTFOLIO MANAGERS $121,000 - $210,000 (TOTAL JOBS*: 206,800) BANK EXAMINERS $103,000 - $152,000 (TOTAL JOBS*: 29,300) COMPLIANCE MANAGERS $87,200 - $127,000 (TOTAL JOBS*: 29,300)
Start a Patent Attorney Recruiting & Staffing Firm Start a Compliance Management Recruiting & Staffing Firm Start a Corporate Counsel Recruiting & Staffing Firm
BUSINESS DEV. ASSOCIATES $66,900 - $108,000 (TOTAL JOBS*: 282,700) BUSINESS DEV. EXECUTIVE $101,000 - $156,000 (TOTAL JOBS*: 400,000) MARKETING CONSULTANTS $86,600 - $178,000 (TOTAL JOBS*: 282,700)
Start a Business Development Recruiting & Staffing Firm Start a Forensic Accountants Recruiting & Staffing Firm Start a Marketing Consultant Recruiting & Staffing Firm Start a Customer Support Mgmt Recruiting & Staffing Firm Start a Staffing and Recruitment Recruiting & Staffing Firm Start a Healthcare Product Mgmt Recruiting & Staffing Firm Start a Government Program Mgmt Recruiting & Staffing Firm
CUSTOMER SUPPORT MGR. $85,700 - $113,000 (TOTAL JOBS*: 1,424,400) EMPLOYMENT RECRUITER $60,600 - $92,700 (TOTAL JOBS*: 533,200) HEALTHCARE PRODUCT MGR. $109,000 - $143,000 (TOTAL JOBS*: 828,100)
Standard Program
Receive one-on-one training and coaching two days per week, two hours each day with unlimited email and texting for 30 days. This program is for individuals who have an already established recruiting and staffing firm and are looking to maintain and/or grow. Participants of this program normally have some type of challenge or are missing something in their business (need more sales, cant find talent, etc.) Here you will receive 4 weeks of training and 2 weeks of coaching plus a 200+ page manual, a customized workbook specific to your business challenges and many additional options to grow your business
Executive Program
Receive one-on-one training and coaching two days per week, two hours each day with unlimited phone calls, email and texting for 16 weeks. This program is for individuals who are looking to start their new business from the ground up. Some participants join this program with no prior recruiting experience, and some join the program with some recruiting experience. Here you will receive12 weeks of training and 4 weeks of coaching plus a fully designed website, logo, social media branding design, business card and stationary design, 200+ page manual, front office and back office support (funding options), mobile application options and so much more
One-on-One Coaching & Training Get the Manual + 4 one hour sessions
Monthly Coaching Subscription Audio/Video Training Module Downloads Training In Your Area 1-3 Day Workshops, Seminars, and Courses Purchase the full step-by-step guide to Starting Your Own Recruitment and Staffing Business (Book and Audio Book will be available via Amazon.com, Audiable.com, Identifizeconsulting.com, and more)