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SEATONCORP Reports 14% Q4 Earnings Growth Year-Over-Year Firm Also Delivers Top-line Growth in 2008; Record Year for New Client Signings
SEATONCORP REPORTS 14% Q4 EARNINGS GROWTH YEAR-OVER-YEAR Firm Also Delivers Top-line Growth in 2008; Record Year for New Client Signings.
Chicago, IL (PRWEB) February 4, 2009 -- SeatonCorp, a Chicago-based staffing and recruiting firm, reported that Q4 earnings increased organically 14% year-over-year, largely due to a robust portfolio of new client signings in 2008. SeatonCorp also reported year-over-year revenue growth for 2008, fueled by the solid, top-line performance of two of its core operating companies – PeopleScout and Staff Management.
SeatonCorp reported $76 million in new client signings in 2008. PeopleScout, a leading provider of end-to-end recruitment process outsourcing (RPO) and employee retention solutions, had several new multi-million dollar client wins in 2008, as well as scope expansions at a number of existing clients. Additionally, Staff Management, a pioneer in high-volume, vendor-on-premise (VOP) staffing solutions, signed and implemented more than a dozen multi-million dollar client engagements in 2008.
“While there are significant industry headwinds, the new client engagements secured by PeopleScout and Staff Management more than offset the softened hiring conditions in 2008,” said Patrick Beharelle, SeatonCorp’s Chief Operating Officer. “We remain cautiously optimistic for 2009, particularly in recruitment process outsourcing.”
“Our management team did an exceptional job in managing through a very challenging market and capitalized on many significant opportunities,” said Michael Miles, SeatonCorp’s Chief Executive Officer. “We are thrilled with the results.”
Additionally, PeopleScout announced that two members of its executive team have been named to HRO Today Magazine’s 2009 “HRO Superstar” list – Karen Browne, President of PeopleScout, and Patrick Beharelle, Chief Operating Officer of parent company SeatonCorp. This is the second consecutive appearance for both Browne and Beharelle on the magazine’s annual “Superstar” list, which recognizes HRO professionals for their leading-edge human capital management solutions and exceptional client service delivery.
About PeopleScout
PeopleScout is a division of SeatonCorp, a best-in-class staffing and recruiting company recently named by Crain’s Chicago Business as one of Chicago’s largest privately held companies. PeopleScout is a leading provider of recruitment process outsourcing (RPO) services aimed at helping companies with their exempt and non-exempt hiring needs. The firm’s suite of services includes RPO, employment branding, on-boarding, and employee retention. Annually, PeopleScout facilitates over 175,000 hires via partial-cycle RPO engagements and end-to-end RPO engagements, and in 2008 placed its 1 millionth full-time hire. Industries served include airline, financial services, telecommunications, retail, utilities, and transportation. PeopleScout’s clients include some of the more recognizable names in the Fortune 500 list of companies. PeopleScout was recently ranked as a Top 3 RPO Provider in HRO Today Magazine’s 2008 Baker’s
Dozen – its third consecutive appearance on the closely watched list of industry-leading RPO providers – as well as being named #1 in deal size. The firm also has been recognized as the #1 RPO Provider by The Black Book of Outsourcing on their “2008 Top Ten HRO: Recruitment Process Outsourcing/RPO” list. For more information, please visit us at www.peoplescout.com or call 800-966-4803.
About Staff Management
Staff Management is the pioneer of high volume, vendor-on-premise and end-to-end supplier management solutions for strategic users of a contingent workforce. Major organizations across America rely on Staff Management for their expertise and leadership in the staffing industry. These Fortune 500 companies consistently experience reduced labor costs, turnover, overtime and administrative burden as a result of Staff Management’s unique ability to customize the optimal staffing solution for them. For more information, please visit www.staffmanagement.com or call 800-746-9462. Staff Management is a charter member of the U.S. Immigration and Customs
Enforcement IMAGE Program.
For More Information:
Rich Cilia
Marketing Director
SeatonCorp
(312) 397-3459
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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