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US nonmanufacturing index rises in October

November 4, 2015

Economic activity in the US nonmanufacturing sector increased in October and at a faster pace than September. The Institute for Supply Management’s nonmanufacturing composite index rose to a reading of 59.1 from September’s reading of 56.9.

A reading above 50 indicates expansion in the sector.


MedAsset’s VMS to get new owner

November 3, 2015

MedAssets Inc.’s (NASD: MDAS) vendor management system for healthcare staffing buyers, which operates under the name MedAssets Workforce Solutions, may soon have a new owner as part of a deal by private equity firm Pamplona Capital Management to acquire MedAssets.

Plans announced Monday call for Pamplona...

TEKsystems survey: IT hiring plans on rise for full-time employees

November 3, 2015

IT leaders’ plans for hiring full-time employees are on the rise, according to TEKsystems’ quarterly “reality check” survey released today. However, expectations for hiring temporary employees reflect more volatility; coming out of a summertime lull, contingent hiring expectations are now back...

Pulse tracks September deceleration in temp staffing revenue

November 3, 2015

US temporary staffing revenue rose a median 10% year over year in September among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse Survey. The 10% growth in September is a slight deceleration from the 11% growth rate reported in August.

“The high point of this month’s report...

Film takes look at staffing industry, death of temp worker

November 3, 2015

A film, “A Day’s Work,” takes a look at the staffing industry — including the death of a temporary worker in 2012 during his first day on the job — and is now being screened at various US locations. The film came out earlier this year; its website lists eight showings with the next scheduled...

TriNet Q3 revenue up 20%

November 3, 2015

TriNet Group Inc. (NYSE: TNET), the fourth-largest US professional employer organization, reported third-quarter total revenue rose 20.2% year over year.

Net income at the PEO also rose to $3.1 million from $725,000 in the year-ago quarter.

(US$ thousands) Q3 2015 Q3 2014 % growth

Randstad looking in professional space — Staffing quote of the week

November 3, 2015

“We are looking at opportunities in the professional space, so people with a masters or bachelor’s education level. … We have an ambition to become a bigger player there,” Reuters quotes Randstad CFO Robert Jan van de Kraats as saying in regards to potential acquisitions of staffing firms in...

Insperity revenue up 12% in Q3

November 2, 2015

Insperity Inc. (NYSE: NSP), the largest PEO in the US, reported revenue rose 11.8% in the third quarter to $626.3 million.

The average number of worksite employees paid per month in the quarter rose 13.3% year over year, an acceleration from 11.6% growth in the second quarter and 9.2% growth in the first...

BG Staffing revenue up 25%

November 2, 2015

BG Staffing Inc. (NYSE MKT: BGSF) reported revenue rose 25.3% year over year in the third quarter to $60.2 million, bolstered by the March acquisition of Willis Group’s Donovan & Watkins division, as well as strong growth in all of its segments.

Gross margin also improved.

The Plano, Texas-based...

Job board results: LinkedIn, Monster, DHI, CareerBuilder

November 2, 2015

Revenue was generally lower at job boards in the third quarter when compared to a year ago amid product changes. The exception was LinkedIn Corp. (NYSE: LNKD).

The social networking site reported revenue rose 37% in the third quarter to $780 million. That includes $41 million in revenue from lynda.com...