Word of the week: On-site

“On-site,” which is sometimes also referred to as in-house work, is defined by Staffing Industry Analysts’ online Lexicon of workforce solutions ecosystem terms as vendored or outsourced services provided to the client (customer) via supplier personnel located at the client site. ...

Investcorp buys majority stake in Revature, a Virginia-based staffing and training provider

Private equity firm Investcorp acquired a controlling stake in Revature, an IT training and staffing firm based in Reston, Va. Revature’s founders remain as shareholders.

The transaction closed Feb. 1; terms were not disclosed. Ashwin Bharath remains as Revature’s CEO; President Justin Vianello and...

Insperity’s Q4 revenue up 17% on increase in worksite employees

Professional employer organization Insperity Inc. (NYSE: NSP) reported fourth-quarter revenue rose 17.0%. The Houston-based firm reported the average number of worksite employees paid per month also rose by 17.0% in the fourth quarter.

Mexico’s GDP slows in fourth quarter: Dallas Fed

Mexico’s gross domestic product grew at an annualized rate of 1.2% in the fourth quarter, below its 10-year average of 2.2% and a slowdown from a 3.4% increase in the third quarter, according to an economic update by the Federal Reserve Bank of Dallas. Output from goods-producing industries (manufacturing,...

Monster cuts workforce by 5% as it works toward profitable growth

Job board provider Monster last week cut approximately 5% of its global workforce, which translates to about 100 affected employees, as it works toward profitable growth.

“To accelerate our progress towards sustainable, profitable growth across Monster, we have made the difficult decision to eliminate...

Former temp agency site manager gets prison in theft case

A former on-site manager for a temporary staffing agency was sentenced on Friday to three years in prison for stealing $190,000 from the unnamed agency, according to an announcement by the New Jersey Attorney General’s Office.

Xiomara Jovel, of Roselle, NJ, pleaded guilty on Dec. 19 to second-degree...

TrueBlue revenue down 3% in fourth quarter, but PeopleReady returns to growth

Fourth-quarter revenue fell 2.9% at TrueBlue Inc. (NYSE: TBI). However, CEO Patrick Beharelle noted the company’s PeopleReady business, which provides industrial staffing, returned to revenue growth.

In addition, revenue in TrueBlue’s PeopleScout business, which provides MSP and RPO services, rose...

Human cloud firm Postmates files for an IPO

On-demand delivery firm Postmates — which ranks among the largest human cloud firms — announced Thursday it filed for an initial public offering. The filing was made through a confidential submission of a draft registration statement to the US Securities and Exchange Commission.

Size and price range...

Canadian jobs jump by 67,000 in January; private sector, Ontario lead the way

Employment in Canada rose by approximately 66,800 in January from December with Ontario leading growth and the number of private-sector workers jumping, according to seasonally adjusted numbers released today by Statistics Canada. Total employment was almost 18.9 million.

The number of private-sector...

Bills would make it easier for workers with H-1B visas to get green cards

Two bills that would remove per-country caps for employment-based green cards were introduced Thursday in the US House and Senate. The bills would make it easier for highly skilled workers such as those from India and China holding H-1B visas to get employment-based permanent green cards.

Currently, federal...