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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Little Engine who wrote (1436)1/15/1998 9:38:00 PM
From: Lurker  Read Replies (1) of 27968
 
<<Where did these permanent placements come from, I asked Jennifer? She said they
came from temps who had worked somewhere a long time and then were
permanently placed. So, the perm placements could NOT be "pure profit," since
these people were also paid salaries by FAMH for at least part of the quarter. So
we cannot count them as 100 percent profit. They cost money to begin with.>>

Why is placement "pure profit?"
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Let's say Myraid places a temp nurse who earns $12/hr. Let's say they get $24/hr for the nurse. This is actually a low figure. Here in Nebraska, my company gets at least $85/hr and the nurse gets $24/hr. (I am not the employer, just another employee.) This nurse earns 12x40=480/week. Now, after a few months on the job, the employer tells Myraid, "Nurse Jane is great. I want to hire her permanently." The employer pays a fee which was listed in the contract. This fee is to compensate for the money Myraid will not earn due to nurse Jane no longer working for them. Both nurse Jane and the employer have signed a contract saything that she won't work for the employer for 6 months after leaving Myraid unless this fee is paid.
This fee is typically 3-6 months of nurse Jane's pay:
13x480=6240
26x480=12480
So, Myraid gets $6240-$12480 from the employer. The only cost to Myraid is probably about $50 to transfer her employment records to the employer's manpower department.
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