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Randstad expects gradual recovery in Q3, no acceleration of growth

July 31, 2014

Randstad Holding nv, the world’s second-largest staffing firm and third-largest U.S. staffing firm, reported a gradual recovery is expected to continue in the third quarter but no acceleration of growth.Revenue at Randstad rose 4 percent in the second quarter to €4.27 billion (US$5.82 billion). O...


On Assignment revenue rises 15%, gross margin up on acquisition

July 31, 2014

On Assignment Inc. (NYSE: ASGN) reported revenue rose 14.9 percent in the second quarter to $468.6 million. Revenue was up 8.6 percent on a pro forma basis, which assumes the acquisitions of Whitaker Medical LLC and CyberCoders Holdings Inc. in December 2013 occurred at the beginning of 2013.Reve...


Hudson revenue falls in Q2, announces $7 million in restructuring

July 31, 2014

Hudson Global Inc. (NASD: HSON), a New York-based professional staffing firm, reported revenue fell 2.3 percent in the second quarter to $167.4 million. The company also announced $7 million in restructuring charges over the next 12 months.Second-quarter gross margin improved to 37.5 percent from...


CTPartners revenue up 32% in Q2

July 31, 2014

CTPartners Executive Search Inc. (NYSE MKT: CTP) reported revenue rose 31.8 percent in its second quarter to $45.1 million. The New York-based firm posted net income of $2.2 million compared to a net loss of $324,000 in the year-ago quarter. Revenue   Q2 2014 (000s) Q2 2013 (000s)...


PEO revenue at ADP rises 19% in fiscal Q4

July 31, 2014

Professional employer organization revenue at Automatic Data Processing Inc. (NASD: ADP) rose 19 percent to $580.6 million in its fiscal fourth quarter ended June 30. PEO revenue rose 15 percent for the full fiscal year.ADP expects PEO revenue to grow 13 percent to 15 percent in fiscal year 2015....


US jobless claims average falls, but total rises after 14-year low

July 31, 2014

The U.S. four-week moving average of initial claims for unemployment insurance last week reached its lowest level since April 15, 2006. However, total claims rose by 23,000 after reaching their lowest level in 14 years, Marketwatch reported.Last week, the average of initial claims fell by 3,500 t...


Freelance economy will change talent acquisition strategies — Staffing Stream

July 31, 2014

Freelancers, or independent contractors, are expected to become an integral part of comprehensive talent strategies, Jeff Leventhal, CEO of Work Market, writes 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...


Randstad names new RPO president

July 30, 2014

Randstad Sourceright named Robert Lopes as the new president of recruitment process outsourcing. In this role, Lopes will lead the company’s RPO operations in North America.“Bob’s impressive credentials, including decades of experience in the HR field and proven ability to lead companies to succe...


GDP turns around in Q2, grows 4%

July 30, 2014

U.S. real gross domestic product increased at an annual rate of 4.0 percent in the second quarter, according to an advance estimate released by the U.S. Bureau of Economic Analysis. The rate was much improved over the first quarter when real GDP fell 2.1 percent (a revised number based on the bur...


Impellam UK revenue up, North America revenue falls

July 30, 2014

Impellam Group plc, one of the world’s largest staffing firms, reported revenue rose 3.5 percent in the first half of 2014 with its Impellam United Kingdom segment leading growth.Impellam United Kingdom revenue rose 10.5 percent. In comparison, Impellam North America revenue fell 2.3 percent when...