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PEO increases revenue, worksite employees

August 1, 2008

Administaff Inc. (NYSE: ASF) posted an 11.6% increase in second-quarter revenue to $420.5 million from $376.8 million in the same period last year. The Houston-based professional employer organization said revenue was boosted by a 7.2% increase in the average number of worksite employees to 116,1...


Research from Staffing Industry Analysts

August 1, 2008

Here is the latest research from Staffing Industry Analysts. BRIEFING - Analysis of Kforce 2Q08 earnings release * Life sciences and government solutions booming* Technology growth stalls; F&A contracts again* Company reports weaker demand from financial institutions For the full Briefing, click...


Synergie revenue rises 8%

August 1, 2008

Synergie SA, a Paris-based staffing firm with operations in Europe and Canada, reported an 8% increase in revenue to euro610 million (US$963.7 million) in the first half of its fiscal year. The company said it's seeing gains with its efforts to focus on outplacement and human resources management...


Monster revenue up, agrees to settle suit

August 1, 2008

Second-quarter revenue rose 9.4% at Monster Worldwide Inc. (NASD: MNST) to $354.3 million, the company announced Thursday. Excluding the influcence of exchange rates, revenue rose 4%, according to the company. Monster said second-quarter net income rose 7.7% to $30.8 million from $28.6 million in...


Gevity looking at 'strategic transactions'

July 31, 2008

Gevity HR Inc. (NASD: GVHR), a Bradenton FL-based professional employer organization, said Wednesday its board has authorized the company to evaluate "strategic transactions" with third parties. The company has also agreed to provide General Atlantic Service Company LLC with information to evalua...


Online job ads down 7.9%

July 31, 2008

The number of U.S. jobs posted online fell 7.9% month-over-month in July to almost 3.9 million, according to The Conference Board's measure of online help-wanted ads. Compared to July 2007, the number of online ads was down 5.4%. "July is typically a slow month in terms of labor demand, but this...


Contract Watch - Yoh, PeopleScout

July 31, 2008

Yoh said its Yoh Talent Solutions has been chosen by business software giant SAP AG to recruit, hire and manage all of the company's contract workers in the U.S., Canada and Latin America. Yoh will serve SAP Americas' headquarters in Newtown Square PA; SAP Labs, U.S.; SAP Global Marketing Inc.; a...


Monster index falls six points

July 31, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index fell six points month-over-month in July to a reading of 157. The index was down 26 points from its year-ago reading of 183. "The decline in U.S. online recruitment activity during July is likely due in part to the seasonal summer slowdown...


Hudson revenue edges up

July 31, 2008

The Hudson Highland Group Inc. (NASD: HHGP) posted a 3.0% increase in second-quarter revenue to $305.9 million from $297.0 million in the same period last year. "Second quarter operating results were led by our international operations and continuing improvement in North America," said Chairman a...


ADP's PEO revenue rises 16.5%

July 31, 2008

Professional employer organization revenue at Automatic Data Processing Inc. (NYSE: ADP) rose 16.5% in the fourth quarter ended June 30 to $272.2 million. The average number of worksite employees paid by its PEO division rose 17% in the fourth quarter to 187,000, the company reported. PEO revenue...