Recruit strikes $1.6 billion deal for Dutch staffing firm USG

Recruit Holdings Co. Ltd. agreed to acquire Dutch staffing firm USG People NV for €17.50 per share or €1.42 billion (US$1.55 billion). Both firms rank among the largest in the world with USG’s operations in Europe; Recruit is based in Japan with operations in Asia, the US, Australia and UK.

“Recruit’s...

PEO Oasis Outsourcing acquires Doherty Employer Services

Professional employer organization Oasis Outsourcing acquired Minneapolis-based PEO Doherty Employer Services.

The transaction closed Dec. 18; terms were not disclosed. Doherty Staffing Solutions, owned by the Doherty family, will continue as a standalone business and is not part of the deal.

Doherty Employer...

Paychex revenue rises 7% in fiscal Q2

Paychex Inc. (NASD: PAYX), a provider of payroll services and PEO services, reported revenue rose 7% to $722.4 million in its fiscal second quarter ended Nov. 30.

PEO revenue is included in Paychex’s human resource services segment, which reported an 11% increase to $283.9 million in the second quarter....

New GDP estimate for US reflects slight downward revision

US real GDP rose in the third quarter at an annual rate of 2.0%, according to the third estimate issued today by the US Bureau of Economic Analysis. The new estimate revises an earlier, “second,” estimate of 2.1%.

GDP increased 3.9% in the second quarter.

Bloomberg reports today’s estimate exceeded...

ASA index up over week, but falls over year

The American Staffing Association’s index measuring employment in the US staffing industry for the week of Dec. 7 to Dec. 13 rose 1.10% from the previous week. However, the index was down 3.95% from the same week last year.

The index value was 103.29 and remained above an average of 100 for the third...

Recruit Holding’s plan for growth — Staffing quote of the week

“Recruit’s midterm vision is to become the world leader in human resources by around 2020, in terms of number of positions filled,” Recruit Holdings Chairman and CEO Masumi Minegishi said in comments today. “To achieve this, we are seeking to grow our business platforms in Japan and abroad organically...

Next Daily News on Monday

The next North American edition of the Staffing Industry Daily News publishes on Monday, Dec. 28. Happy holidays!

Kelly Services moves exec to CFO role

Kelly Services Inc. (NASD: KELYA) announced it is moving Olivier Thirot to the position of CFO from his current post as acting CFO effective Jan. 1.

Thirot assumed the role of acting CFO in March following the departure of Patricia Little, who stepped down as the company’s executive VP and CFO to join...

Adecco Group names Walmart Asia exec as new HR officer

Adecco Group, the world’s largest staffing firm, appointed Shanthi Flynn as chief human resources officer and a member of the executive committee, effective March 1. She will be based in Zurich, Switzerland.

Current CHRO Mark De Smedt will take on the role of regional head of Northern Europe effective...

Canadian staffing index post year-over-year decline in November

The Canadian staffing index fell in November, continuing a trend of moderate year-over-year declines. The index, which measures staffing activity in Canada, fell to a reading of 108 in November, down from a reading of 111 in November 2014.

”Throughout 2015 we have observed a trend of moderate year-over-year...