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Recruit revenue up 11% in fiscal Q3; Indeed revenue up 61%

February 14, 2018

Recruit Holdings Co. Ltd., which ranks as one of the world’s largest staffing firms, reported revenue rose 11.2% as measured in yen in its fiscal third quarter ended Dec. 31, 2017. The Tokyo-based firm owns the Indeed jobs website, and reported fast growth on the site with Indeed revenue rising 60.6%...


Express Employment finds 41% of businesses expect wage increases this quarter

February 14, 2018

The wage outlook for the first quarter of 2018 is encouraging, according to a survey released today by Express Employment Professionals.

The survey found 41% of businesses surveyed said they expect wages at their company to increase in the first quarter, up from only 34% in a previous survey on the outlook...


Uber revenue up 61%, but reports $4.5 billion loss (Bloomberg)

February 14, 2018

Human cloud, ride-sharing firm Uber Technologies reported adjusted net revenue rose 61% year over year in the last quarter to $2.22 billion on sales of $7.5 billion, Bloomberg reported. However, the company posted a loss of $4.5 billion. Uber CEO Dara Khosrowshahi was scheduled to speak today at a Goldman...


Exec gets three months prison for staffing scheme (Indianapolis Business Journal)

February 14, 2018

The Indianapolis Business Journal reported Nimesh Patel, who admitted to participating in a bribery and kickback scheme involving an Indianapolis-based IT consulting and staffing company and a national not-for-profit, was sentenced Friday to three months in federal prison. According to the indictment, Dilip...


Randstad Q4 revenue up 9% organically; Europe drives growth, but US advances more slowly

February 13, 2018

Randstad Holding NV’s revenue rose across Europe in the fourth quarter, but growth was not as quick in North America. The company today reported total fourth-quarter rose 9% on an organic basis, which excludes the impact of currency, acquisitions and divestitures and adjusts for working days.

(€millions) ...


Randstad fund invests in RPO software firm gr8 People

February 13, 2018

Recruiting software provider gr8 People announced an $8 million Series B financing round led by Boston-based Ascent Venture Partners, with continued participation from Delancey Street Partners and Randstad Holding nv’s Randstad Innovation Fund.

This round brings gr8 People’s total funding to date...


Recycling industry staffing provider Leadpoint appoints COO

February 13, 2018

Leadpoint, a staffing provider to blue-collar production environments, named Len Christopher as COO, effective Feb. 1. This is a new position within the firm.

Leadpoint provides workers to the waste and recycling; warehousing and logistics; and manufacturing industries. Christopher will lead the company’s...


Freelancers anticipate business growth, PayPal report finds

February 13, 2018

The majority of freelancers globally expect their business to grow in the future — especially in Vietnam, India, the Philippines, Mexico and Argentina — according to results from PayPal’s Global Freelancer Insights Report, which examined the needs of freelancers in 22 markets. The report found...


Independent contractor ruling is ‘doubly big’ win for Grubhub – Staffing quote of the week

February 13, 2018

Charlotte Garden, an associate law professor at Seattle University, told the Chicago Tribune that last week’s court decision that a driver was classified correctly as an independent contractor is a “doubly big” win for Grubhub Inc. (NYSE: GRUB) due to California’s relatively high standard for...


California Republican pushes H-1B visa limits with tech company support (Bloomberg)

February 13, 2018

Bloomberg reports California congressman Darrell Issa, backed by US technology companies, is pushing for the House to consider legislation that would narrow the number of eligible candidates for H-1B visas and raise the annual salary threshold for visa applicants to at least $90,000. Issa, the Republican...