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Updated RecentlyMRI Worldwide vs RecruitWise Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of MRI Worldwide vs RecruitWise including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $66,635 - $99,785 | $90,000 - $100,000 |
| Franchise Fee | $40,000 | N/A |
| Royalty Fee | 9%-3% | - |
| Advertising Fee | 0.5% | - |
| Year Founded | 1957 | - |
| Year Franchised | 1965 | - |
| Term Of Agreement | 10-20 years | - |
| Term Of Agreement | 10-20 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | We are looking for individuals that can sell and have outstanding experience selling products or services to other businesses. You do not need to come from a technical background, although it does help. If your knowledge of technology is weak, but your desire to learn is strong, we will teach you what you need to know. | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | Every new franchise partner (and their team!) comes into the RecruitWise� headquarters for at least a week of in-depth trainign on recruiting, sales, running and growing the business, accounting and management. Additional training is available following the initial week as we are fully invested in your long-term success. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | We are motivated to help you be successful for the long haul. Our franchise partners continue to receive world-class support throughout the life of their RecruitWise� franchise office. We are only successful when the whole franchise system is successful. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
International franchisees required to buy multiple units/master licenses; 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About MRI Worldwide
A subsidiary of CDI Corp., Management Recruiters International has offices in some 35 countries, and more than 5,000 search professionals. Completing thousands of placements annually through its specialized divisions'Management Recruiters, Sales Consultants, CompuSearch and OfficeMates5'Management Recruiters International franchisees may also offer services including flexible staffing, project outsourcing, videoconferencing, compatibility assessment and relocation services.
In 1999, the company acquired British staffing franchisor Humana International, giving it a large presence in Europe. To reflect this expanded reach, in 2000, Management Recruiters International changed its name to MRI Worldwide.
About RecruitWise
The RecruitWise Advantage Commitment to Quality -The RecruitWise is wholeheartedly committed to the highest quality service that a recruiting firm can provide. Every franchise partner shares this same commitment. It is our highest priority. Team Approach - Our unique team approach to recruiting creates a strong team to work for their clients instead of a collection of individuals. The team members are interdependent on each other for reaching the team's goals through specialized efforts. We capitalize on each team member's strengths to deliver the highest quality experience. Accounts Receivable - The The RecruitWise corporate office is designed to perform the billing and accounts receivable functions for our franchise partners so they can concentrate on what they do best - making placements and earning money. Heart - The heart of the The RecruitWise approach is a firm value that each person - hiring manager, job seeker, franchise partner, and employee - is an individual worthy of the utmost respect. We are a company centered around people. Integrity - Everyone at The RecruitWise knows that we are helping our clients find their most valuable asset - people. We also know that we are helping job seekers with one of the most important aspects of their life - their career. And we offer to our franchise partners an opportunity to fulfill their dreams - operating their own successful business. We take these responsibilities seriously. Those that entrust their goals and dreams with us soon realize that every team member acts with honesty and integrity.