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Krista Turner - Staffing Service: Step-by-Step Startup Guide

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Staffing Service: Step-by-Step Startup Guide: summary, description and annotation

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The new world economy is tough on job security. Hordes of skilled, experienced, motivated workers are flooding the market, looking for work. And lots of merged and downsized companies now outsource the work that used to be done by permanent employees. The bright side? Its prime time for the staffing profession.
Detailing the hottest specialties in the staffing service industryfacilities staffing, industrial staffing, office/clerical staffing, temp staffing and temp-to-perm staffingthe experts at Entrepreneur provide everything eager entrepreneurs need to know to start their own staffing service.
Covers:
-Industry trends and opportunities
-Identifying a specialty
-How to establish the businessfrom securing licenses and financing to buying equipment and recruiting employees
-Building a client base
-Promoting and marketing the business
-Managing day-to-day operations
-Staying on top of finances
Entrepreneurs also gain priceless insight from practicing entrepreneurs who reveal little-known tricks of the trade and common hazards to avoid. Aspiring business owners are given sample documents, worksheets, and other example materials to reference as they move their business forward.
Specialties covered include:

  • Facilities staffingplacing employees in long-term or indefinite-length assignments
    • Industrial staffingspecializing in manual laborers, food handlers, cleaners, assemblers, drivers, tradespeople, machine operators, etc.
    • Office/clerical staffingfocusing on secretaries, receptionists, administrative assistants, word processing and data-entry operators, etc.
    • Temporary staffingsupplying client companies with workers on a short-term basis
    • Temp-to-perm staffingoffering clients a convenient way to try out temporary workers for permanent positions
      All Entrepreneur Step-By-Step Startup Guides Include:
    • Essential industry-specific startup steps with worksheets, calculators, checklists and more
    • Bestselling title,Start Your Own Business by Entrepreneur Media Inc., a guide to starting any business and surviving the first three years
    • Downloadable, customizable business letters, sales letters, and other sample documents
    • Entrepreneurs Small Business Legal Toolkit

    • Krista Turner: author's other books


    Who wrote Staffing Service: Step-by-Step Startup Guide? Find out the surname, the name of the author of the book and a list of all author's works by series.


    No cover
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    Krista Turner
    Staffing Service: Step-by-Step Startup Guide

    Staffing Service: Step-by-Step Startup Guide — read online for free the complete book (whole text) full work

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    Table of Contents Additional titles in Entrepreneurs Startup Series Start - photo 1
    Table of Contents Additional titles in Entrepreneurs Startup Series Start - photo 2
    Table of Contents

    Additional titles inEntrepreneursStartup SeriesStart Your Own
    Arts and Crafts Business
    Automobile Detailing Business
    Bar and Club
    Bed and Breakfast
    Blogging Business
    Business on eBay
    Car Wash
    Child-Care Service
    Cleaning Service
    Clothing Store and More
    Coaching Business
    Coin-Operated Laundry
    Construction and Contracting Business
    Consulting Business
    Day Spa and More
    e-Business
    Event Planning Business
    Executive Recruiting Business
    Fashion Accessories Business
    Florist Shop and Other Floral Businesses
    Food Truck Business
    Freelance Writing Business and More
    Freight Brokerage Business
    Gift Basket Service
    Grant- Writing Business
    Graphic Design Business
    Green Business
    Hair Salon and Day Spa
    Home Inspection Service
    Import/Export Business
    Information Marketing Business
    Kid-Focused Business
    Lawn Care or Landscaping Business
    Mail Order Business
    Medical Claims Billing Service
    Net Services Business
    Online Education Business
    Personal Concierge Service
    Personal Training Business
    Pet Business and More
    Pet-Sitting Business and More
    Photography Business
    Public Relations Business
    Restaurant and More
    Retail Business and More
    Self-Publishing Business
    Seminar Production Business
    Senior Services Business
    Travel Business and More
    Tutoring and Test Prep Business
    Vending Business
    Wedding Consultant Business
    Wholesale Distribution Business
    Introduction
    Smith, Jones, and Johnson, Attorneys at Law, has an emergency. The firms tax law division needs two additional corporate tax lawyers by tomorrow morning. At 3 P.M. the senior partner picks up the phone and calls you. Why? Because your firm, LawTemps Inc., can deliver two professional, competent lawyers who will fill the unexpected vacancies on a temporary basis. Smith, Jones, and Johnson will not need to advertise the positions, interview candidates, add employees to its payroll, or pay benefits. Your temporary staffing service has already handled those tasks.
    After you receive the call, you:
    a) wake up sweating and are unable to go back to sleep
    b) play your just imagine game a little longer, sure that soon this will be you
    c) jump up and down, thrilled at getting your first client
    d) immediately spring into action and consult your availability list
    If you answered a, relax. Chances are you will never own a staffing service, anyway, because owners of these operations are fearless. So roll over and go back to sleep.
    If you chose b, however, this book is for you. With our help, you can make your dream of owning a staffing service a reality. And if you answered c or d, this book is also for you, because even though youve already opened your doors for business, everyone needs new ideas.
    Chapters 1 and 2 tell you what you need to know about the industry. Is it for you? What are the major rewards and challenges? What is a typical day like in the staffing industry? Chapters 3 through 7 cover the nuts and bolts of the business. You will learn about licenses, equipment, and financing options. You will also learn how to recruit and retain good employees. Finally, Chapters 8 through 10 show you how to make your staffing service a success. We will show you how to build a client base, promote your business, and manage your finances. You will also learn how to avoid the common hazards of the industry.
    This book includes some sample documents, worksheets, and other items to help you get started.
    We have one very simple goal in writing this bookto give you, the reader, the information you need at your fingertips in order to start a staffing service. If you already own one, well help you make it even better. (Be sure to check out our trouble-shooting tips and recommendations for success in Chapter 10.)
    So have a seat and lets get down to business. Your business.
    Working It OutIndustry Overview
    This chapter focuses on the staffing industry and its niche markets. Well tell you how some owners of staffing services got into the business, and well help you figure out if this kind of work is a good choice for you. Finally, well discuss the rewards and challenges of the industry and provide suggestions for conducting your own market research.
    Sizing It Up
    In this section, youll learn what staffing services are all about and why the industry, which saw explosive growth during the 1990s but suffered during the recent economic slowdown, now seems poised for growth.
    What They Are
    Broadly speaking, staffing services are all of the following:
    Employers. Staffing services take on qualified candidates as employees. Such services not only pay their employees, but also withhold income tax and pay workers compensation, disability, and unemployment insurance. Increasingly, staffing services also provide benefits such as vacation, personal time, health care, and retirement plans.
    Businesses. All companies have clients and products. In the staffing industry, clients are the companies that contract for labor or expertise, and the product is that very labor or expertise. The more skills that workers possess, the better the products these staffing services are able to provide for their clients. As with any company, staffing services are in business to make money, which they do either by adding their markup to all labor charges or by charging clients a finders fee. Some services use a combination of these strategies.
    Stat Fact Staffing services is a 614 billion industry Temporary help - photo 3
    Stat Fact
    Staffing services is a $61.4 billion industry. Temporary help services account for the lions share (nearly 87 percent) of staffing industry revenue.
    Contractors. Temporary help and staffing services provide business organizations with employees for positions in all sectors of employment, from industrial to clerical to professional. In other words, staffing services match employees to client companies.
    What Theyre Not
    Staffing services are neither employment agencies nor professional employer organizations (PEOs). Although distinctions are blurring among the three types of companies, in most cases you will still find the following differences:
    Employer status. Staffing services are employers, while employment agencies and PEOs are not. When a staffing service sends an applicant to a company, the applicant becomes an employee of the staffing service, which assigns its employee to the client company for a specified length of time. On the other hand, once an employment agency matches an applicant with a company, the applicant becomes an employee of the company. PEOs typically take over the human resources functions of a company (e.g., payroll, insurance, etc.), leasing employees back to that company.
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