Value Added Benefits
- New profit center that increases the earnings and owners’ value
- Opportunity to offer staffing services to prior candidates
- A new service to offer to your existing clients
- Opportunity to do business with non-clients as a contract firm
- Maximize the staffing firm’s current infrastructure to obtain maximum ROI
- Internal recruiting
- A stronger exit strategy
Slate Advantages
– Ability to hire top talent in market place as business developer and recruiter
- Staffing firm affiliation
- Built in job orders – internally from staffing firm
- Built in referral network
– Ability to attract top candidates
– More accessibility to meet and network with company’s decision makers
3 Revenue Generators
- Profits from Staffing Company itself
- Promote firm practice
- Greater options for liquidity
Staffing Firm Revenue
- Staffing Firm “Pays for Itself”
- Generates cash flow
- Industry currently experiencing a strong contract market
- Analyst’s predict continued growth due to tight client market
Liquidity Event – Possible Buyers
- Strategic Buyers
- Consolidation Buyers
- Conventional Buyers
- Slate purchases business
- In other words, there will be options
Scope of Services
Operations
- Identify Champion
- Assist in hire of 1 Business Developer and 1 Recruiter
- Sales/Business planning support. Setting goals and objectives
- Telephone Support
- Sales and Customer Service support
- Applicant Recruitment
- Pricing Assistance
- Manuals and forms
- Membership to Staffing Associations
Marketing/Technology
– Sales Promotions – Folders, postcards
– Advertising – Developmental Assistance
- Press release upon market opening
- Direct mail programs
- Letter
– Technology
- Relational Database (state-of-the-art front office system)
- Search and retrieval
- Sales Management
- Activity Tracking
– Website
- Linked to Slate Professional Resources corporate and staffing firm
Accounting: Back Office
– Billing and Payroll
- Process weekly
- Filling and preparation of 941’s, W2’s, W3’s, FUTA reports, state income taxes, unemployment, disability and wage reports
– Invoicing and Collections
- AR reports
- Contractor weekly hour reports
– Tracking of monthly settlement
- AR reports
- Contractor weekly hour reports
- Direct placement reports
Budget Example
- Provided by Slate Professional Resources
- Tailored for each market
- Staffing firm input
- Examples provided
