Providing A Contract Staffing

ServicePresented By: Lauren Horman

I. Problem Statement For Feasibility Report

II. Methods Used In Finding Research

III. FindingsI. Profits per EmployeeII. Annual SalesIII. Annual Daily Employment

IV. Recommendations for Business

Agenda

Problem Statement

Given today’s economic situations, is in the best interest of The Constant Search to invest in

the contracting business?

• Profits per employee

• Total business expenses

• Annual sales generated in the contracting market

• Potential market opportunity in the temporary and contracting staffing market

• The opinions of experts

Criteria

I. Informational Interviews

II. Web ResearchI. Profits per employee

II. Total business expenditures

III. Annual daily employment

IV. Annual Sales

Research Methods

• Due to the current economic situation companies have held off with hiring full-time employee

• They have started to lean more towards hiring contract and temporary employees because of• Reducing of Employment Cost• The Increasing of Staffing Flexibility

Interviews

Profit per Employee Regular Hours Overtime Hours

AMOUNT MARGIN AMOUNT MARGIN

Company Bill Rate $70.14 $105.21

Contractor Pay Rate $42.00 $28.14 $63.00 $41.21

Contractor Per Diem $0.00 $28.14 $0.00 $41.21

Insurance, Taxes, Etc. $5.47 $22.67 $7.91 $34.30

Total Paid Leave Cost $0.00 $22.67 $0.00 $34.30

Interest Paid Leave Cost

$0.47 $22.20 $0.69 $33.61

TE Contracting Share $6.66 $15.54 $10.08 $23.53

Recruiter Income $15.54 $0.00 $23.53 $0.00Recruiter Hourly Profit

ITEMS $ per Month

Liability Insurance (discrimination, harassment, injuries)

$29.75

Applicant Tracking System $100.00

Miscellaneous (printing, employee manual, forms)

$70.00

Total $199.75

Total Business Expenditures

EXPENSES # of Employee per Month

Regular Hours Overtime Hours

Profits per Employee (after payroll services)

10 $24,864.00 $37,648.00

Business Expenses

10 $199.75 $199.75

Grand Monthly Total

20 $24,664.25 $37,448.25

Total Monthly Profit

# of Months # of Employees

Net Profit

1st Month 10 $24,664.25

2nd Month 15 $37,096.25

3rd Month 20 $49,528.25

4th Month 30 $74,392.25

5th Month 40 $99,136.25

Net Profit

Annual Sales

Annual Daily Employment

• The Constant Search enter into the contracting business as soon as possible

• To wait to enter the contracting business would contribute in a loss of profits

Recommendations

Questions?