Daily News
ADP jobs report better than expected, but growth still slowing (Barron’s)
August 3, 2016Private-sector employers added 179,000 jobs in July, according to the ADP National Employment. That is slightly better than what economists expected, but the report continues showing a trend of slowing job growth, Barron’s reports. In other economic news, Barron’s also reports the Institute...
Gig is ‘downward escalator,’ former Labor Secretary says (BuzzFeed News)
August 3, 2016Former Labor Secretary Robert Reich told BuzzFeed News that the gig economy is bad for workers because of low wages and unpredictability. “The new blue-collar workers are gig-economy workers. If you define gig economy broadly to include part-timers, the self-employed, independent contractors, freelancers...
SIA publishes 2016 list of fastest-growing US staffing firms
August 2, 2016The 2016 annual list of fastest-growing US staffing firms has been released. It is the largest such list Staffing Industry Analysts has compiled, with 112 firms posting compound average growth rate for revenue of more than 15% from 2011 to 2015.
Here are the top 10 fastest-growing staffing firms for 2016:...
TriNet revenue up 17%
August 2, 2016Second-quarter revenue rose 16.5% at TriNet Group Inc. (NYSE: TNET). The professional employer organization also reported the number of worksite employees rose 8% in the second quarter to approximately 325,000.
(US$ thousands) | Q2 2016 | Q2 2015 | % change |
Professional service revenue | $109,593 ... |
BG Staffing revenue up 26%, rises 7% on pro forma basis
August 2, 2016BG Staffing Inc. (NYSE MKT: BGSF) reported revenue rose 25.8% in the second quarter to $62.6 million. On a pro forma basis, revenue rose 7.3%. Pro forma includes second-quarter 2015 results of Vision Technology Services, which BG Staffing acquired in the third quarter of last year.
Plano, Texas-based...
NY officials overpaid for temps, Inspector General says
August 2, 2016Two former New York State Division of Human Rights officials were blasted for hiring temporary workers at inflated rates in a report out this week by the New York State Inspector General’s office.
Former CFO Stephen Rolandi and former Deputy Commissioner Edward Watkins retained staffing firms Penda...
Private equity firm takes stake in inVentiv Health
August 2, 2016InVentiv Health Inc., a provider of services and staffing to the biopharmaceutical industry, announced that private equity firm Advent International acquired a stake and is joining private equity firm Thomas H. Lee Partners as an equal equity owner.
The deal values inVentiv at $3.8 billion, and the transaction...
Uber $100 million settlement could be in jeopardy — Bloomberg
August 2, 2016The $100 million settlement in the independent contractor misclassification case against Uber could be in jeopardy, Bloomberg reports. Uber and US District judge Edward Chen may be at an impasse over an earlier order by the judge to nullify arbitration agreements signed by drivers. The settlement covers...
Millennial workers prefer urban settings — Staffing quote of the week
August 2, 2016“We are going through a change in our workforce, and we wanted to be where we could attract millennials,” The Washington Post quotes Mark Vergnano, chief executive of Chemours, a spinoff from DuPont. “This is a group that likes to be in an urban setting, with access to public transportation. They...
Pulse staffing revenue data flat in June
August 1, 2016US temporary staffing revenue was flat year over year in June, according to data collected for the latest Pulse Survey report by Staffing Industry Analysts. Revenue had risen 5% year over year in May.
“Clearly June was a weaker month for temporary staffing as a whole, with 0% median year-over-year revenue...