Chicago, IL, December 06, 2005 - Staff Management, a leading provider of vendor-on-premise staffing and management solutions, has been ranked as one of the nation´s fastest growing private staffing companies by Staffing Industry Analysts. The research publication is the leading provider of business intelligence, news and analysis for staffing industry executives.
To make the final list, companies had to average at least 25 percent aggregated year-over-year annual growth, adjusted for acquisitions, for the period between 2000 and 2004. The 26 fastest growing staffing companies achieved average growth rates of more than 50 percent per year since 2000, far outpacing the total industry growth in 2004 of 12 percent. Staff Management was the largest staffing company listed from a revenue perspective and the only company on the list categorized as a VOP provider.
"That kind of growth is remarkable, considering that three of the five years - 2001, 2002 and 2003 - were not good ones for an industry hit by the recession, the end of Y2K activity and the dot-com bust, as well as the pressure of vendor consolidation," said Barry A. Asin, Chief Industry Analyst of Staffing Industry Analysts.
"The staffing industry is a bellwether for the economy as a whole," continued Asin. "The outstanding growth of these firms is also a sign that the industry and the overall job market is alive and well."
To be eligible for the list, a company must be privately held, have had sales of at least $1 million in 2000 and be willing to have revenue numbers published and verified. The ranking is based on an average of the company´s percentage of revenue increase from 2000 through 2004.
About Staff Management
Staff Management is the pioneer of high volume, vendor-on-premise staffing solutions for the light industrial and call center sectors. 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.
About Staffing Industry Analysts
Staffing Industry Analysts is the leading provider of business intelligence, market data, news and analysis to staffing industry executives and employers who use contingent/temporary staff. SI delivers independent and objective information that focuses on the staffing industry-temporary help, permanent placement, contingency/retained search, contract project placement, professional employer organizations (PEOs) and outplacement.
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