Express Sales Mirror Soaring Economy
Express Employment Professionals releases 2017 record sales numbers.
OKLAHOMA CITY (PRWEB) January 18, 2018 - The staffing industry has long been an economic indicator and staffing giant Express Employment Professionals surpassed the industry’s projected 3% growth, reaching a nearly 10% increase.
The company recorded $3.4 billion in sales and employed more than 540,000 people in 2017. Since 2009, sales at Express have jumped 173.6 percent. Sales are expected once again to surpass the 10 percent growth mark in 2018.
“The employment environment is trending up due in part to tax relief fueling growth. We’re placing workers in more than 84,000 companies annually and it’s only going to increase as the economy soars,” said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City.
In a recent survey of 462 current and former Express client companies, 42 percent of respondents reported their current employment market was trending up.
“We’re seeing that play out,” Funk said. “Our weekly job openings saw a peak at more than 20,000 in 2017 and have continued to increase with the onset of companies anticipating economic growth.
“Our franchisees are at the heart of our success. Local ownership in all of our markets ensures very customized service for our client companies and is backed by the proven support system of our international headquarters,” Funk added.
Along with its 35th anniversary, this week, Express awarded its 800th office to Ryan Strain in Calgary, Alberta, Canada and is well on its way toward 900 locations. In 2016, Express awarded 61 new franchisees the opportunity to help put more people to work. Every time an Express franchise opens, an average 670 more people find jobs annually.
“There’s a reason we have been named the number one staffing franchise by Entrepreneur on their Franchise 500 List for seven years in a row. Business continues to boom for Express and shows no signs of slowing down anytime soon,” Funk said. “We just surpassed 4 million hours worked in a single week by associates, which is an amazing accomplishment.
“When business is soaring, you’ve got to take care of your people. There’s nothing more important than the employees of a company,” Funk said. “They are the treasures of the future, and we want to invest and give something back to them for their dedication and hard work.”
In December, Express International Headquarters was named one of The Oklahoman’s Top Workplaces, highlighting what attracts associates, clients and franchisees to the company—its culture. Since 2016, Funk has introduced several new benefits for employees, such as up to $5,000 per dependent for dependent care, 100 percent health insurance coverage for employees and 75 percent coverage for their dependents, lower health insurance premiums, and free full body scans for qualified employees.
As part of the company’s holiday celebration, every headquarters employee received a turkey for Thanksgiving, profit sharing bonuses, and a $1,000 Christmas bonus. Additionally, non-executive headquarters employees also recently received a $2,000 bonus due to tax legislation passed by Congress.
Express Employment Professionals offers a full range of employment solutions, including evaluation hire, temporary staffing, professional search and human resources. Designated a World-Class Franchise by FranSurvey for the past 12 years, the staffing company has available territories in San Francisco, Philadelphia, Brooklyn and Boston.
For more information about Express Employment Professionals, visit ExpressPros.com. If you are interested in owning an Express franchise, visit ExpressFranchising.com.
If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Sheena Karami, Director of Corporate Communications and PR, at (405) 717-5966.
About Robert A. Funk
Robert A. “Bob” Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has more than 800 franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 6 million people to work worldwide. Funk served as Chairman of the Conference of Chairmen of the Federal Reserve and was also the Chairman of the Federal Reserve Bank of Kansas City.
About Express Employment Professionals
Express Employment Professionals puts people to work. It generated a record $3.4 billion in sales and employed more than 540,000 people in 2017. Its long-term
Express Employment Professionals
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SOURCE Express Employment Professionals