feasibility presentation
DESCRIPTION
Project I completed for schoolTRANSCRIPT
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Providing A Contract Staffing
ServicePresented By: Lauren Horman
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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
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Problem Statement
Given today’s economic situations, is in the best interest of The Constant Search to invest in
the contracting business?
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• 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
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I. Informational Interviews
II. Web ResearchI. Profits per employee
II. Total business expenditures
III. Annual daily employment
IV. Annual Sales
Research Methods
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• 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
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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
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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
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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
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# 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
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Annual Sales
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Annual Daily Employment
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• 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
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Questions?