Spherion vs Fortune Personnel Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Spherion vs Fortune Personnel including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Spherion Franchise
Fortune Personnel Franchise
Investment $148,025 - $347,475$86,300 - $130,100
Franchise Fee $26,250 - $35,000$45,000
Royalty Fee 0.25% - 0.75%8%-7%
Advertising Fee -1%
Year Founded 19461959
Year Franchised 19561973
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Current initial license fee-


Business Experience Requirements
 
Spherion Franchise
Fortune Personnel Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Spherion Franchise
    Fortune Personnel Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/--/Yes
    Start-up Costs Yes/--/-
    Equipment Yes/--/-
    Inventory Yes/--/-
    Receivables Yes/--/-
    Payroll Yes/--/-

    Training & Support
     
    Spherion Franchise
    Fortune Personnel Franchise
    Training On-The-Job Training: 120 hours Classroom Training: 40 hours Additional Training: At existing location On-The-Job Training: 25 hours Classroom Training: 53 hours Additional Training: Ongoing
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Ad Templates National Media Regional Advertising Social media SEO Email marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Loyalty program/app
    Operations 90% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3 - 5

    100% of current franchisees are owner/operators

    		Number of Employees Required to Run: 1

    Expansion Plans
     
    Spherion Franchise
    Fortune Personnel Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Spherion

    Our franchise owners are able to leverage the corporate infrastructure of this industry-leading, established company. Spherion® bills your clients, pays your employees and provides the software applications and innovative technology that connect you to the corporate network. That means you eliminate many operating costs associated with running your business and can focus on growing your business.
    Spherion Franchise Program Highlights:
    *100 percent financing for temporary payroll
    *Accounting Support
    *Call center for operations & technical help
    *Centralized recruiter tools & resources
    *Centralized sales & marketing tools
    *Client invoicing
    *Comprehensive pre-opening process
    *Dedicated & experienced field support team
    *Extensive training programs, including our "In-branch" experience
    *In-depth monitoring & coaching programs
    *National sales programs
    *Online training, assessment & career tools for your flexible employees
    *Owner advisory council
    *Protected Territory
    *Regional & annual meetings
    *Web-based technology & tools to run your Business for both sales & recruitment

    As a network of locally owned staffing businesses, Spherion is dedicated to providing the resources, tools and support you need to be successful in your market!

    The total investment necessary to begin operation of a Spherion General Staffing franchise ranges from $148,025 to $220,825 and a Spherion Professionals franchise ranges from $247,945 to $347,475. This includes the initial franchise fee of $35,000 that must be paid to Spherion.
    Veteran Incentives  25% off franchise fee

    "World     "Entrepreneur
    #89 in Franchise 500 for 2020.
    #93 in Franchise 500 for 2021.




    About Fortune Personnel

    New York City in 1959.  Fortune Personnel recruits executives in 40 industries and 50 disciplines. Since the company began franchising in 1973,  Fortune Personnel has provided a network of recruiters, giving client companies access to nationwide talent and offering candidates career opportunities from across the country. Franchise owners select the industries and disciplines in which they wish to focus, and industry specialists operate the offices. Recruiters research each client company’s products, services and philosophies; analyze available positions; perform candidate searches and screening; present candidates; coordinate interviews; counsel on hiring and assist in negotiations.

    Veteran Incentives  10% off franchise fee