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Investment group acquires VMS and MSP firm

October 30, 2014

Investment firm Investcorp acquired PRO Unlimited, which offers VMS, MSP and independent contractor compliance/payrolling services. The transaction was announced today but terms were not disclosed.PRO offers its MSP under the PRO Unlimited Inc. brand, and its VMS operates under the brands Wand, W...


Randstad reports stable revenue growth

October 30, 2014

Randstad’s third-quarter revenue growth was “stable,” but underlying trends changed, said CEO Jacques van den Broek. Revenue growth accelerated in the US and the Netherlands but decelerated in France and Germany.Third-quarter revenue at the world’s second-largest staffing firm rose 4 percent year...


On Assignment Q3 revenue rises, will step up sales and recruitment hiring

October 30, 2014

On Assignment Inc. (NYSE: ASGN) revenue rose 13.4 percent year over year in the third quarter to $477.9 million. The company had forecast third-quarter revenue of between $479.0 million and $483.0 million. In Wednesday’s earnings release, On Assignment also reported plans to aggressively step up...


GDP growth in Q3 beats expectations

October 30, 2014

US real gross domestic product increased at an annual rate of 3.5 percent in the third quarter, according to the “advance” estimate by the U.S. Department of Commerce, released today. In the second quarter, real GDP increased 4.6 percent. Bloomberg reported today’s GDP announcement marks the stro...


Compunnel acquires New Jersey-based staffing firm

October 30, 2014

Compunnel Software Group Inc., a business technology services and staffing provider, acquired Lyndhurst, N.J.-based Challenge Training & Consulting Inc. CTC provides learning, staffing and consulting services.The transaction closed Aug. 31 and terms were not disclosed.CTC will rebrand under C...


US jobless claims average down 250

October 30, 2014

The US four-week moving average of initial claims for unemployment insurance last week edged down by 250 to a total of 281,000, according to seasonally adjusted numbers released today by the U.S. Department of Labor.The four-week moving average decreases the volatility of the weekly numbers. Tota...


Why culture eats strategy for breakfast — Staffing Stream

October 30, 2014

A company without a culture plan to “operationalize” your strategy is putting its success at risk, writes staffing industry veteran Mike Jacoutot in The Staffing Stream. To read the post, click here.The Staffing Stream is a blog where issues, trends and views from all corners of the staffing indu...


PEO revenue at ADP up 18%

October 29, 2014

PEO revenue rose 18 percent at ADP (NASD: ADP) to $591.5 million in the company’s fiscal first quarter ended Sept. 30. Average PEO worksite employees rose 15 percent in the first quarter to approximately 345,000.The Roseland, N.J.-based company provides other services including paycheck processin...


Kelly to cut headcount, close branches in restructuring plan

October 29, 2014

Kelly Services Inc. (NASD: KELYA) announced a management simplification restructuring plan to close approximately 50 US branches and cut global headcount by 100 permanent positions, including several leadership positions, according to a filing with the US Securities and Exchange Commission.The es...


Kforce revenue rises 12%, gross margin narrows

October 29, 2014

Kforce Inc. (NASD: KFRC) reported third-quarter revenue rose 12.1 percent year over year to $313.8 million. However, gross margin narrowed to 31.3 percent in the third quarter from 32.5 percent in the same quarter last year.Net income at the Tampa, Fla.-based professional staffing firm rose to $6...