Multigent has
identified four primary target market groups in need of our
products, services, and commission structure. These include:
 |
Professional
recruiters,
who are employed with small and large staffing firms seeking an
entrepreneurial opportunity |
 |
Staffing
sales professionals
in the
placement, outplacement, temporary and contract-services
segments |
 |
Active and
passive job candidates
who are in
need of representation in their career-development process
|
 |
Home-Based
Business Entrepreneurs
who are
discovering that when it comes to work, nothing beats staying at
home. |
Professional Recruiters & Staffing Sales Professionals
Two of the primary
targeted market groups for Multigent are professional recruiters and
staffing sales professionals who work for small/niche recruiting
firms (firms that generate less than $5 million in revenue) or large
recruiting firms (firms that generate $30 million plus in revenue.).
Multigent is
targeting these two segments for two distinct reasons: 1)
professionals that work for smaller recruiting firms have the most
to gain from direct information sharing, cost reduction, efficiency
gain, and greater earning potential; and 2) larger firms have the
highest turnover of employees in the Industry. By combining these
two elements with our proprietary products, services and commission
structure, Multigent has incentives to naturally consolidate the
staffing industry and expeditiously grow our number of subscribers.
Need for
Encompassing Database & Information Management/Back-Office Tools
The sole
practitioners and niche-market specialist recruiters will benefit
tremendously from having a technical methodology to utilize and
manage their business. The Multigent online information-management
and back-office tools enable Associates to focus on their core
competencies of sourcing and representation. Our dynamic application
will deliver candidates who are active and passive, as well as job
opportunities from client employers to Associates on a regular
basis. This allows them to build a substantially more broad and
accurate book of business.
Length of
Tenure
Employee loyalty
in the staffing industry is extremely low. High turnover among
staffing firms represents an opportunity to fuel the rapid expansion
of Multigent.
According to the
American Staffing Association, on average, 81% of recruiters have
been with their current company for fewer than three years. Firms
with 100+ employees see the largest turnover, with 81% of their
recruiters staying fewer than three years
Although the
turnover rate for sales professionals in this industry is not as
high as recruiters, sales professionals looking to improve their
professional position offer a tremendous pool of candidates for
Multigent. For the entire industry, 65% of sales people have been
with their companies fewer than 3 years. Again, companies with
$30-100 million in sales have the largest turnover.
This high level of
turnover is driven by two factors: (1) the consolidation within the
Industry, and (2) the ability of the recruiter and sales
professional to earn a greater percentage of the revenues they
generate once they receive adequate training.
Active & Passive Candidates
It is necessary to
target potential job candidates within a wide range of occupations
and we�ll continuously develop programs for each of the following
segments:
�
The
Neophyte: Recent college graduate entering the work force
�
The
Mid-Career Professional: Candidates in middle management
�
The
Executive Professional: Candidates in senior management
�
The
Over-40 Professional
�
Temporary and Contract Employees: Including independent contractors
�
The
Downsized Employee: Outplacement associations and services
The Neophyte
(College Graduates)
Focus will be
applied on attracting graduates who typically range in age from
20-28 from leading universities. These are people who would likely
be involved in an active job search and are in need of placement
assistance. According to information provided by NTSA, profiles
within this age group, change jobs approximately every three years.
This creates a demand for continual placement assistance and
career-information updating.
This market
segment not only offers placement-assistance, but is also a
potential pool for new Multigent Associates. While offering these
individuals placement assistance, they will also be presented with
the opportunity to explore the Multigent business opportunity.
The Mid-Career
Professional
This group will be
targeted due to its growing lack of faith and disillusionment with
job security in modern-day corporate America. According to the
(Bureau of Labor Statistics), these highly skilled individuals have
an average tenure of only 4.8 years. They have observed management
struggle to keep pace with company earnings and profit expectations
by downsizing and restructuring.
These emerging
employees reject long-term job security as a driver of commitment
and believe that changing jobs often is part of growth. This group
seeks alternative sources of income. They are also driven by the
observation of limited advancement opportunities, lack of
recognition, inadequate salary and benefits, and unhappiness with
management.
They have also
observed the Generation X-ers, who are on average slightly younger
than they are, receiving significantly more compensation and
opportunity.
The Executive
Professional
The Executive
Professionals, like the Mid-Career group, are growing more
disillusioned. Those aged 55-64, for example, saw their job tenure
fall from 15.3 years to 10.5 years between 1983 and 1996. This group
has significant earnings potential but is approaching an age where
their priorities are changing. They prefer to leave the 60+-hour
workweeks to younger individuals. They may already be vested in a
retirement program (or two) and may be looking for an opportunity to
work from home, consult or mentor.
Their need for
disposable income has their thoughts conflicted between continuing
to work, versus taking more leisure-time which they have worked to
enjoy. With their networking capabilities at the senior level of the
workforce, they are ideal potential Associates for Multigent.
The Over-40
Professional
Due to corporate
restructurings and structural downsizing, a large number of
professionals over 40 have been forced to revisit the job market.
Multigent views these professionals as a tremendous potential asset
to our business model. According to a recent article in LifeTime
from Ohio State University, �Job insecurity has been called the
number-one workplace issue �and a hardest-hit segment was the
over-40 group.�
These people may
not have written a r�sum� in years. Though highly qualified, many of
these people may not know how to market themselves through an
effective job search, nor have access to or working knowledge of the
Internet. This presents an opportunity for Multigent to not only
provide them with professional placement assistance, but to also
offer potential financial security through our excellent monetary
opportunities.
Temporary &
Contract Services
Studies indicate
that within the next 20 years 25% of all jobs will be held by
temporary employees. A large percentage of these temporaries will be
professionals with specialized skills. Source: (Workforce 2020). By
providing staffing resources that include; consulting, temporary
help, temporary professionals, and contract labor, Multigent can
open the door for a large portion of the market which is not
currently being serviced.
These contract
positions will allow companies to benefit from readily available
labor and the wealth of knowledge many of these more experienced
workers can provide, without the burden or expense of placing them
on the company�s payroll. Multigent can offer full-time contract
workers benefits similar to what they would receive if they were
employed permanently. In addition to placement assistance, these
individuals will need career-management tools which will allow them
to maintain their work and professional experience within a system
that can be accessed and searched by Associates and employers,
creating a win-win situation for all parties involved.
As free agents,
this target market is ideal for the Multigent Associate opportunity.
The Downsized
Employee: Outplacement Companies & Services
Teaming up as an
outplacement provider, with organizations in the process of
restructuring by serving them as a placement coordinator, presents
another market opportunity for Multigent. Outplacement services
range from one-on-one extended psychological counseling and
administrative support for the high-level executives, to large-scale
outplacement projects providing group counseling for a limited
duration.
The one-on-one
services may provide a private office, secretarial and PC support,
interview training, r�sum� development, skill assessment, electronic
databases and individual career counseling in a high-rent,
high-touch office. The group approach is more likely to occur in an
ad hoc career center, located at or near the termination job site,
using contract counselors.
The problem with
both of these outplacement efforts is that they do not offer a
defined path or adequate professional representation required for
job placement. Although some services claim to offer full-service
outplacement, typical outplacement services merely offer
psychological counseling and tips on how to �do it yourself.� By
teaming with Multigent, employers and outplacement companies will
now have the ability to offer enhanced career planning tools, as
well as the most important element�professional candidate
representation to ensure successful job placement.
Home-Based Business Entrepreneurs
The trend towards
self-employment and the availability of compact and affordable
office technology has prompted an estimated 46 million Americans to
set up shop in a spare bedroom, converted garage or other small
environment, making the Small Office/Home Office (SOHO) the
fastest-growing segment of the economy. (Source: The SOHO Marketing
Group - an organization specializing in providing information and
resources to small and home-based offices).
According to BIS
Strategic Business Decisions (Boston based business strategy firm),
approximately 44% of all U.S. households have an income generated
from an after hours or home office source. The Wall Street Journal
reports, that women own 66% of home-based businesses.
This target market
group is extremely well positioned to offer Multigent�s services to
their networks.