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Hudson cuts guidance, cites tough November

December 18, 2008

The Hudson Highland Group Inc. (NASD: HHGP), a professional staffing firm, cut its fourth-quarter revenue guidance and reported it may take a noncash charge of between $30 million and $75 million. Hudson said it now estimates fourth-quarter revenue of between $200 million to $210 million, down fr...


STG lands Homeland Security agreement

December 18, 2008

STG International, an Alexandria VA-based staffing and human resource services firm serving the federal government, said it was awarded a five-year blanket purchase agreement for up to $84 million to serve the Immigration and Customs Enforcement Office (ICE) of the U.S. Department of Homeland Sec...


U.S. leading index slips

December 18, 2008

The Conference Board's U.S. leading index of economic indicators fell 0.4% in November and now stands 99.0 (2004=100). The largest contributors to the decline were building permits, stock prices and initial unemployment claims. Based on revised data, the index fell 0.9% in October and was unchang...


National Technical gets delisting notice

December 17, 2008

National Technical Systems Inc. (NASD: NTSC) received a delisting notice on Monday from Nasdaq because its board doesn't meet an exchange requirement that it have a majority of independent directors. The company said one of five independent directors on its nine-member board, Ralph Clements, died...


Management acquires Pro Staff

December 17, 2008

The management team of Pro Staff, a Minneapolis-based staffing firm, acquired the company from the estate of Pro Staff founder Jeff Dobbs and his brother, Doug Dobbs. Terms of the deal were not announced. The new owners include co-founder Clay Morel, co-founder Michael Morris and Tim Allen. In ad...


The ABCs of staffing

December 17, 2008

The staffing industry has plenty of acronyms — BPO, HRO, VOP and MSP among others. Noël Calvi, senior research analyst at Staffing Industry Analysts, writes about keeping track of those acronyms and other industry terms in The Contingent Blog. For the full blog, click here.


Survey - Retention tops list of staffing worries

December 17, 2008

Keeping good employees was the greatest staffing concern for 39% of senior executives in a survey by Robert Half International Inc. (NYSE: RHI). Recruitment ranked next at 22%, despite the economy. "Many firms are operating with lean teams in which every staff member plays a key role in the busin...


Latest Staffing Industry Report released

December 17, 2008

The December issue of the Staffing Industry Report newsletter is now available in PDF format. To download a copy, click here. Top stories from this month's issue include: *Top staffing stories of the year*More than half of buyers use a VMS, percentage to rise*Gross margins down at largest staffin...


Randstad names new U.S. executive

December 17, 2008

Randstad Holding NV named Daniel Foley as president of Randstad Professionals U.S. Foley will oversee the company's professional staffing segments, including information technology, engineering, finance and accounting, human resources, healthcare and life sciences, legal and managed services. Fol...


Real earnings rise 2.3%

December 16, 2008

Real average weekly earnings rose 2.3% in November from October, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. The increase stemmed from a 0.4% increase in average hourly earnings and a 2.1% decrease in the consumer price index for urban...