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Firm with focus on gig economy worker benefits lands $23.5 million in series B funding

August 22, 2017

Stride Health, a firm that matches independent gig economy workers with benefits, announced a $23.5 million series B funding round. The capital will go to expanding the San Francisco-based company’s benefit offerings. The firm aims to give independent workers similar benefits to traditionally employed...


ASA staffing index reaches highest value so far this year

August 22, 2017

The American Staffing Association’s staffing index rose to a reading of 96.74 in the week of Aug. 7 to Aug. 13, marking the highest value so far this year. Staffing employment was up 1.43% compared to the same week last year.

The index’s four-week moving average rose to 96.30, surpassing a value of...


Randstad data on redefining STEM — Quote of the week

August 22, 2017

“The term ‘STEM’ needs a rebrand and awareness campaign to get the next generation of talent excited about pursuing these careers,” said Alan Stukalsky, chief digital officer for Randstad North America, in a comment on a Randstad study to find motivations, beliefs and perspectives of STEM-related...


Challenging H-1B trends seen for employers (Lexology)

August 22, 2017

Trends have emerged that pose challenges for employers bringing in workers on H-1B visas, writes Cole Heyer of law firm Greenberg Traurig in Lexology. H-1B visas are used to bring in skilled workers on a temporary basis, but US Citizenship and Immigration Service is challenging visa petitions at the...


Full list of fastest-growing staffing firms and interviews now online

August 22, 2017

The full list of the 2017 fastest-growing staffing firms is now online and available to the public along with interviews of the top 10 fastest-growing staffing firms. Here is the link.

To qualify for the list, companies needed to have had at least $1 million in revenue in 2012 and have recorded a compound...


ADP rejects hedge fund’s proposed board nominees

August 21, 2017

ADP (NASD: ADP) unanimously voted not to nominate three proposed board candidates from hedge fund Pershing Square Capital for election at the company’s 2017 annual meeting. The provider of PEO, payroll processing and other services made the announcement today.

Pershing Square, led by Bill Ackman, had...


Paychex acquires PEO provider HR Outsourcing Holdings

August 21, 2017

Paychex Inc. announced today it acquired professional employer organization HR Outsourcing Holdings Inc., which goes by HROI. The acquired firm operates in 35 states and is based in Charlotte, NC.

“This acquisition represents Paychex’s continued focus on growth — both in revenue and in PEO solutions...


PEO Trucept reports revenue down 17% on loss of client

August 21, 2017

Trucept Inc. (OTCBB: TREP), a provider of PEO services, reported revenue fell 16.6% in the first six months of the year. The Irvine, Calif.-based firm reported the decrease was the result of the loss of a client.

  H1 2017 H1 2016 % change
Revenue $2,402,742 $2,882,348 ...


Learn from the past to prepare for change (Staffing Industry Review)

August 21, 2017

In an article for Staffing Industry Review magazine, Kforce Inc. Chairman and CEO David Dunkel advises fast-growing firms to learn from the past and look outside our industry to see how to adapt and prepare for rapid change. However, the key to longevity in the staffing industry will...


New North Carolina law takes aim at IC misclassification (Lexology)

August 21, 2017

Workers in North Carolina who feel they are misclassified as independent contractors have a new mechanism to make complaints under a law signed by Gov. Roy Cooper earlier this month, according to a post on Lexology by Robin Shea of law firm Constangy Brooks Smith & Prophete. The law also make it...