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Research from Staffing Industry Analysts

September 29, 2010

New research now available to corporate members of Staffing Industry includes a Briefing on private equity's investment in Fieldglass Inc., a report on the best and worst metro job markets, an Insight on the NALTO benchmarking survey, a growth update on IT staffing and a growth update on engineering...

Fortune Industries revenue up 17%

September 29, 2010

Fortune Industries Inc. (AMEX: FFI), an Indianapolis operator of PEO services, today reported revenue of $60.7 million in its fiscal year ended June 30, 2010, down 16.8% from the 10 months ended June 30, 2009.

Fortune changed its fiscal year end in 2009 to June 30 from Aug. 31, resulting in a 10-month...

Fieldglass sells majority stake

September 28, 2010

Private equity firm Madison Dearborn Partners LLC is investing more than $200 million to acquire a majority stake in Fieldglass Inc.

Management will retain a "significant" minority stake in the company, according to Fieldglass. The deal is signed but expected to formally close in the next few months....

Consumer confidence falls in September

September 28, 2010

The Conference Board's consumer confidence index fell to a reading of 48.5 in September (1985=100) from August's reading of 53.2.

"September's pull-back in confidence was due to less favorable business and labor market conditions, coupled with a more pessimistic short-term outlook," said Lynn Franco,...

Research: New suit seeks pay for client interviews

September 28, 2010

A new lawsuit has been brought in California against a staffing firm claiming that it owes temporary employees wages and penalties for time spent interviewing at client sites. The new "Legs & Reg Advisor" for September discusses this case, and is now available to corporate members of Staffing Industry...

Paychex revenue up 4%

September 28, 2010

Paychex Inc. (NASD: PAYX), a Rochester NY-based payroll processing firm that also provides PEO and other services, reported Monday that revenue rose 3.6% year-over-year to $518.3 million in its 2011 fiscal first quarter ended Aug. 31.

First-quarter revenue rose 10.1% year-over-year in its human resource...

Office openings: Ashley Ellis, Huxley

September 27, 2010

Ashley Ellis, an information technology staffing firm, announced the opening of a downtown Chicago office to complement its Naperville IL branch. The company also plans to open new branches in Houston and Dallas in the first quarter of next year.

Huxley Associates, a division of SThree PLC, announced...

Manpower: Think long term about talent

September 27, 2010

Companies must create a long-term workforce strategy that aligns with their business strategy, or they will struggle to find the talent they need to grow, according to a report by Manpower Inc. (NYSE: MAN).

"In the current economic environment, employers are thinking short term about talent needs,...

Report: Adecco cuts job board spending

September 27, 2010

Reuters reported Friday that Adecco SA cut its spending on paid job boards in the U.S. to $2 million in 2009 from $6 million in 2007. Instead, Adecco is turning toward LinkedIn, according to the article.

Paid job boards generated 65% of candidates placed through AdeccoUSA.com in 2008 but fell to 20%...

PRG wants move to major exchange

September 27, 2010

PRG Group Inc. (OTCBB: PRGJ.PK) announced it plans to move to a major stock exchange in the next 12 to 18 months and is looking as the Nasdaq or Amex, according to an open letter to shareholders from CEO Uma Pandey. The company is now working on the completion of audits to become a fully reporting...