TriNet revenue rises 7%; WSE count edges up at PEO

Second-quarter revenue rose 7.3% at TriNet Group Inc. (NYSE: TNET). The professional employer organization also reported the total number of worksite employees edged up 1% year over year in the second quarter to approximately 329,000.

Temp staffing revenue bounces back to a median 9%, Pulse report finds

US temporary staffing revenue rose a median 9% year over year in June among staffing firms taking part in Staffing Industry Analysts’ monthly pulse survey. This is a rebound from the 6% rate reported for each of the three prior months.

“A median growth rate of 9% for temporary staffing overall, indicates...

PEO Insperity reports Q1 revenue up 12%

Professional employer organization Insperity Inc. (NYSE: NSP) reported revenue rose 12.5% in the second quarter, driven by an increase in the average number of worksite employees paid per month.

The average number of worksite employees paid per month in the quarter rose 10.2% year over year to 180,276....

CareerBuilder sold to investor group

An investor group led by affiliates of Apollo Global Management (NYSE: APO), along with the Ontario Teachers’ Pension Plan Board, yesterday closed on its acquisition of a majority of the outstanding equity interests in job board operator CareerBuilder LLC.

The acquisition was first announced in June....

ISM manufacturing index falls from three-year high

Economic activity in the manufacturing sector expanded in July at a slower pace than in June, according to the Institute for Supply Management’s purchasing managers index for US manufacturing. July’s index reading registered 56.3, down from June’s three-year high of 57.8.

Any reading above 50% generally...

Word of the week: Outplacement

A service segment of the ‘other workforce solutions’ industry, “outplacement” is described in this year’s edition of Staffing Industry Analysts’ online lexicon of workforce solutions ecosystem terms as a service to guide a terminated employee of a company to a satisfactory new position or...

Interview about ‘sober’ candidates brings deluge of applicants for Ohio company (Fox 8 Cleveland)

Following a nationally televised interview over the weekend, Regina Mitchell says her family-owned metal fabricating and machining company in Hubbard, Ohio, has been overwhelmed with hundreds of people hoping to fill only two open positions, Fox 8 Cleveland reported. In the interview with CNN, Mitchell...

Private equity firm to acquire CDI for $157.5 million

CDI Corp. (NYSE: CDI), a Philadelphia-based provider of IT and engineering staffing, agreed to be acquired by affiliates of AE Industrial Partners LLC, a private equity investor specializing in aerospace, power generation and specialty industrial companies. Upon completion of the transaction, which is...

Staffmark CEO takes on corresponding role at Advantage Resourcing

Recruit Holdings, one of the world’s largest staffing firms, placed its US-based companies — Advantage Resourcing and Staffmark — under one CEO. Effective July 29, Staffmark CEO Geno Cutolo also oversees Advantage Resourcing operations as CEO of Advantage Resourcing America Inc.

Cutolo took over...

SIA ranks largest IT staffing firms in US by revenue

Allegis Group’s TEKsystems division ranks as the largest supplier of IT temporary staffing in the US with a 12% market share, according to Staffing Industry Analysts’ 2017 list of largest IT staffing firms in the US released last week. On Assignment ranks No. 2 with a market share of 6% and Insight...