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Franchising is leading the economic recovery in the United States, according to the International Franchise Association (IFA). IFA is the world’s oldest and largest organization representing franchising.
Following the "Great Resignation", white collar workers and store employees are going for their dream of becoming business owners. Franchising offers opportunities for career advancement and removes barriers for aspiring entrepreneurs.
In IFA's Franchising Economic Outlook report, exceptional job and business growth occurred across all franchising sectors in 2021. 2022 looks to be another strong year for job and wage growth.
Franchise employees earn nearly 3% higher in wages, compared to employees at similar independent businesses. 65 percent of franchises offer health insurance and this is well above the national average of 49 percent. More than three-quarters of franchises offer vacation time, sick leave and other benefits.
Key highlights in the Franchising Economic Outlook report include:
Click here to read the full IFA article about franchising leading the U.S. recovery.
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