Daily News
Kforce Q2 revenue falls 0.7%, gross margin improves
August 3, 2016Kforce Inc. (NASD: KFRC) reported revenue fell 0.7% in the second quarter to $335.0 million. The decrease was in the company’s technology business. Second-quarter revenue rose in Kforce’s finance & accounting and government solutions segments.
Gross margin at the Tampa, Fla.-based professional...
Atterro names new leadership
August 3, 2016Staffing provider Atterro Inc. has new leadership. Greg Jensen is taking over the role of executive VP from Clay Morel, who served in the role since the acquisition of Attero in April 2015 by Recruit Co. Ltd. Prior to the acquisition, Morel had served as CEO of Atterro.
The move was announced today by...
Average cost-per-hire is about $4,100, SHRM says
August 3, 2016The average cost-per-hire is about $4,100, and the average time it takes to fill a position is 42 days, according to the new Human Capital Benchmarking Report from the Society for Human Resource Management.
Findings in the report came from an analysis of data collected from 2,048 respondents.
In addition...
Construction firm must pay $2.4 million in IC case
August 3, 2016Two Massachusetts companies must pay $2.4 million in overtime and liquidated damages to 478 employees as well as $262,900 in penalties for misclassifying workers as independent contractors, the US Department of Labor reported. It’s the largest such Fair Labor Standards Act wage recovery in the state...
Lowest jobless rates are in Austin and Sioux Falls
August 3, 2016The Austin, Texas, area posted the lowest unemployment rate among all large metropolitan areas in the US during the month of June, the US Department of Labor reported today. The unemployment rate in Austin was 3.3%.
Las Vegas recorded the highest unemployment rate among large metropolitan areas in June...
ADP jobs report better than expected, but growth still slowing (Barron’s)
August 3, 2016Private-sector employers added 179,000 jobs in July, according to the ADP National Employment. That is slightly better than what economists expected, but the report continues showing a trend of slowing job growth, Barron’s reports. In other economic news, Barron’s also reports the Institute...
Gig is ‘downward escalator,’ former Labor Secretary says (BuzzFeed News)
August 3, 2016Former Labor Secretary Robert Reich told BuzzFeed News that the gig economy is bad for workers because of low wages and unpredictability. “The new blue-collar workers are gig-economy workers. If you define gig economy broadly to include part-timers, the self-employed, independent contractors, freelancers...
SIA publishes 2016 list of fastest-growing US staffing firms
August 2, 2016The 2016 annual list of fastest-growing US staffing firms has been released. It is the largest such list Staffing Industry Analysts has compiled, with 112 firms posting compound average growth rate for revenue of more than 15% from 2011 to 2015.
Here are the top 10 fastest-growing staffing firms for 2016:...
TriNet revenue up 17%
August 2, 2016Second-quarter revenue rose 16.5% at TriNet Group Inc. (NYSE: TNET). The professional employer organization also reported the number of worksite employees rose 8% in the second quarter to approximately 325,000.
(US$ thousands) | Q2 2016 | Q2 2015 | % change |
Professional service revenue | $109,593 ... |
BG Staffing revenue up 26%, rises 7% on pro forma basis
August 2, 2016BG Staffing Inc. (NYSE MKT: BGSF) reported revenue rose 25.8% in the second quarter to $62.6 million. On a pro forma basis, revenue rose 7.3%. Pro forma includes second-quarter 2015 results of Vision Technology Services, which BG Staffing acquired in the third quarter of last year.
Plano, Texas-based...