Paul Helm does some seemingly fancy math with his most recent post in the “News” section of their website. In writing about the U. S. staffing industry and the amount of revenue they generate during a year the dollar figure of 160 Billion is mentioned. As the President of a company, Mr. Helm should know the difference between revenue and profit, and the fact that much of a staffing company’s revenue goes back out the door in the form of wages to the personnel. He should also be intimately aware that most of the people engaged in the business he is aligned with and promotes are in Permanent Placement and not Staffing.
• In terms of specialist recruitment, the total global market is estimated to be worth US$29.6 billion on a net fee/gross profit basis.
• The US recruitment industry derives around 81% of its revenues from placing temporary/contract employees while only around 19% is derived from search and placement recruitment companies.
Further, Mr. Helm as part of the previous company, Health Career Agents (now Career Agents Network), should discuss the numbers associated with, and failure rates in the ”business opportunity” he promotes, such as:
29,900, 34,900 and 49,900
The number of dollars many people paid to become a member of Health Career Agents and feel they were scammed.
The estimated percentage of members that converted to Career Agents Network from their affiliation with Health Career Agents without it being part of the “loan forgiveness” offered by the financing arm of Health Career Agents in exchange for the waiver of liability for misdeeds contained in section 2 of the agreement.
The estimated percentage of Health Career Agents member no longer active in their business, don’t have a business email address, and many of which never earned their slice of the “pie”.
The known number of members out of more than 1,000 that have been associated with this scam and made an income by being “grandfathered in” through the various name changes and corporate slitherings since the formation of “The Internet Recruiting Group”.
The actual date of Helm’s posting, not 9/15/2010 as published. If you can’t get your facts straight, getting the date correct must be equally problematic.
Since CAN enjoys citing quotations and making nebulous references to dollar amounts received in fees, the quote that immediately comes to mind is “Figures don’t lie, but liars often figure”.