PEO TriNet revenue rises 5% in Q4

Fourth-quarter revenue rose 4.6% at professional employer organization TriNet Group Inc. (NYSE: TNET). Net income jumped, and the San Leandro, Calif.-based firm noted that net income benefited by 56 cents per diluted share due to the Tax Cuts and Jobs Act.

The average number of worksite employees fell...

Barrett reports PEO service fees up in Q4 while staffing revenue falls

Fourth-quarter net revenue rose 10.7% at Barrett Business Services Inc. (NASD: BBSI), a Vancouver, Wash.-based provider of PEO and staffing services. PEO service fees rose 13.9%; however, staffing revenue fell 1.9%.

Bureau lowers estimate of US real GDP growth in fourth quarter

The US Bureau of Economic Analysis lowered its estimate of growth in US real gross domestic product to 2.5%. The bureau’s estimate, released today, is its “second” estimate; its previous “advance” estimate had real GDP growth at 2.6%.

Reuters reported the economy is likely to accelerate for...

Online platform Nomad Health raises $12 million

Nomad Health, an online platform that connects doctors and nurses to healthcare jobs, raised $12 million in its Series B financing. Nomad Health will use the proceeds to strengthen its technology, expand into more states, and hire more employees.

The round was led by venture capital firm Polaris Partners;...

Yoh acquires Texas-Based Maxsys Solutions

Technology staffing firm Yoh acquired Maxsys Solutions LLC, a Frisco, Texas-based specialty IT recruitment firm. The transaction, announced today, includes Maxsys Financial Solutions LLC, a separate finance and accounting brand.

The transaction closed Feb. 23; terms were not disclosed. For the foreseeable...

SIA, Charted Path execs release book on top-performing staffing firms at Executive Forum

Staffing is a competitive industry, but only 140 staffing firms of the 19,000 in the US have more than $100 million in annual revenue. But a new book released today at Executive Forum North America in Miami Beach, Fla., opens the hood on top performing staffing firms and how they have succeeded.

The book,...

‘What got us here to a great spot will not necessarily get us to a great spot in future’: Executive Forum North America

The staffing industry reached an estimated $140.7 billion in revenue in 2017 — nearly double 20 years ago — and the penetration rate is rising, SIA President Barry Asin said in a keynote today at the North America Executive Forum in Miami Beach, Fla. But what’s next?

“What got us here to a great...

NLRB ethics official vacates recent joint employment ruling; board returns to 2015 standard

The National Labor Relations Board yesterday vacated a December decision that had reversed a joint employment standard set by the NLRB in 2015 during the Obama Administration. A designated agency ethics official determined NLRB member William Emanuel should have been disqualified from participating...

Online staffing platform Freelancer revenue down 4.7% in 2017

Freelancer Ltd., the operator of online staffing provider Freelancer.com, reported revenue fell 4.7% in full-year 2017 to AUS$50.3 million (US$39.2 million). The company posted a loss for the period of AUS$4.7 million (US$3.7 million).

Heidrick net revenue up 3.8% in constant currency; exec search revenue rises 8.3%

Fourth-quarter net revenue rose 3.8% in constant currency at Heidrick & Struggles International Inc. (NASD: HSII), driven by strong year-over-year growth in executive search. Net revenue exceeded the high end of the company’s guidance of $160 million at the Chicago-based executive search, leadership...