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PEO revenue at ADP up 18%

October 29, 2014

PEO revenue rose 18 percent at ADP (NASD: ADP) to $591.5 million in the company’s fiscal first quarter ended Sept. 30. Average PEO worksite employees rose 15 percent in the first quarter to approximately 345,000.The Roseland, N.J.-based company provides other services including paycheck processin...


Kelly to cut headcount, close branches in restructuring plan

October 29, 2014

Kelly Services Inc. (NASD: KELYA) announced a management simplification restructuring plan to close approximately 50 US branches and cut global headcount by 100 permanent positions, including several leadership positions, according to a filing with the US Securities and Exchange Commission.The es...


Kforce revenue rises 12%, gross margin narrows

October 29, 2014

Kforce Inc. (NASD: KFRC) reported third-quarter revenue rose 12.1 percent year over year to $313.8 million. However, gross margin narrowed to 31.3 percent in the third quarter from 32.5 percent in the same quarter last year.Net income at the Tampa, Fla.-based professional staffing firm rose to $6...


CDI hires former ManpowerGroup, Sears execs

October 29, 2014

CDI Corp. (NYSE: CDI) named David Arkless, a former ManpowerGroup Inc. (NYSE: MAN) executive as president, international. It also named former Sears executive Michael Castleman as executive VP, corporate development and operations, and it named another former Sears executive, Hugo Malan, as execu...


CDI Corp. reports revenue up 6%

October 29, 2014

CDI Corp. (NYSE: CDI), a Philadelphia-based staffing provider, reported third-quarter revenue rose 6.4 percent year over year to $295.7 million. However, gross margin narrowed to 18.4 percent from 19.0 percent in the year-ago quarter.Professional staffing services revenue rose 5.7 percent in the...


Barrett Q3 revenue up, but posts net loss after workers’ comp reserve increase

October 29, 2014

Both professional employer organization revenue and temporary staffing revenue rose at Barrett Business Services Inc. (NASD: BBSI) in the third quarter ended Sept 30. However, the company reported a net loss of $37.8 million as it recorded an increase to its self-insured workers’ compensation res...


Southern California area posts highest jobless rate

October 29, 2014

The Riverside-San Bernardino-Ontario area in Southern California posted the highest unemployment rates in September, 8.2 percent, among all large metropolitan areas with populations of 1 million or more, the US Bureau of Labor Statistics reported today.The lowest jobless rate among large metropol...


Millennials have key business skills, Elance-oDesk survey finds

October 29, 2014

Millennials are the generation considered best at key skills businesses require to remain agile and innovative, according to the 2015 Millennial Majority Workforce report released today be online staffing firm Elance-oDesk and Millennial Branding, a Gen Y consulting firm.Sixty-eight percent of hi...


Hate your VMS? Maybe it’s not the tool — Blog

October 29, 2014

The VMS is the thing the industry loves to hate. Buyers give it a low net promoter score and suppliers complain about the money they spend funding the tool and the cutthroat competition it drives. But lately, VMS providers have a genuine complaint of their own when they say that buyers of staffin...


Next recession will include another ‘jobless recovery,’ report says

October 28, 2014

The American Institute for Economics Research found recessions and recoveries have changed since the 1990s. Recessions have become less frequent, but they are now caused by structural changes in the economy and lead to longer periods of high unemployment and “jobless recoveries.”“This research sh...