Tuesday, Jan 16, 2024
SPHERION RECOGNIZED AS TOP BRAND FOR 19 CONSECUTIVE YEARS ON ENTREPRENEUR MAGAZINE’S 45TH ANNUAL FRANCHISE 500® LIST
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Staffing and Recruiting Franchise Ranked #4 in the Staffing/Recruiting Category
ATLANTA – Spherion Staffing and Recruiting (Spherion) announced today that it has ranked for the 19th consecutive year on Entrepreneur Magazine’s Franchise 500® list, considered the best and most comprehensive franchise ranking in the world, for 2024. Ranked third in both “Staffing/Recruiting” and “Business Services,” Spherion was also listed at No. 63 overall, landing the brand in the top 12% of all the franchises recognized.
The ranking achieved by Spherion solidifies the brand’s reputation as the most awarded staffing and recruiting franchise in the United States. In 2023 alone, Spherion opened 14 new franchise locations, bringing the brand’s total to 78 franchisees in 209 locations across the U.S.
“It’s truly an honor to be recognized by Entrepreneur Magazine on its annual Franchise 500® list,” said Kathy George, executive vice president of Spherion. “Earning this prestigious ranking for the 19th consecutive year not only solidifies our reputation as a trusted staffing and recruiting franchise, but also highlights our ongoing commitment to connecting even more job seekers with meaningful employment opportunities. This ranking is an incredible way to start the year as we prioritize investing in our communities and in our local job seekers and employer partners.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, editor in chief of Entrepreneur Magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”
Spherion brandishes the power of local through a network of independent and empowered franchisees. Each Spherion franchisee enriches their communities through connecting and facilitating employment opportunities every day—and when they’re successful together, their investments flow back into the neighborhoods where they live and work. The power of Spherion is in its local roots.
In the 45 years since its first release, the Franchise 500® list has become not only a competitive measure for franchisors, but also a primary research tool for those interested in franchising. Spherion’s position on the list is indicative of its enduring success as a franchise company.
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