<<P.S. If a nurse earns three or four times what they pay her, why don't employment
services show better margins? And why doesn't the hospital offer $50/hour and sign
them to temporary contracts? And I know Nebraska is rock-bottom on the
unemployment chart. I don't see any FAMH offices there, unfortunately.>>
They do. At a local hospital a nurse can get $1000 working 3 x 12 hour shifts. That's $27.78/hr pay. Add 80% for other expenses and you get 27.78x1.80=$50/hr.
Other expenses include employee's share of payroll taxes, education and training time, sick time, vacation time, retirement pay, bonuses, expense accounts, notebook computers (they each get one with a built in CD-ROM), company cars, uniform reimbursement, etc.
Yes, temp agencies are very lucrative here. My agency gets a $45/hr for me. I get 16.50/hr. Double that for the above expenses and the agency still gets $12/hr.
Whenever I happen to go to the office I remind them of that! <g> (And, I want a notebook computer, too!)
My supervisor bolted from the agency 1 1/2 years ago and started her own, although she had signed a contract agreeing not to. She managed to lure a few of my fellow workers and workers from our competitors. I was tempted. But, I have worked here 10+ years and have good pay and great benefits. Plus, I get to pick my work since I am one of the first people hired. We didn't do anything because we are a "small" local agency. But, the national ones had already started court proceedings (Kelly, etc). It became moot when she went belly up in less than a month. She had contracts from employers before she started. But, she couldn't handle the employees.
Yes, this is a very lucrative business. However, you have to have a lot of experience to handle people and succeed.
P.S. I agree with your questioning. However, I "feel" that this stock will appreciate nicely over time. My tea leaves and chicken entrails give good omens for this stock. However, until we get audited financials, this stock isn't worth donkey spit.
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