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February 17, 2009
Here is the latest research from Staffing Industry Analysts.
INSIGHT - Despite challenges, staffing firms adopt e-Verify
*E-Verify still unreliable for addressing fraud issues
*Program expected to add cost for staffing firms
*Still, a good business opportunity, marketing potential
BRIEFING - Analysis of Spherion 4Q08 earnings release
*Revenue down 20.3% year-over-year on organic basis
*Commercial direct hire off 56.5% year-over-year, professional off 50.0%
*Widespread revenue declines across temp segments