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DOUBLE-DIGIT, QUARTER-OVER-QUARTER GROWTH RATE FUELS PEOPLESCOUT'S SUCCESS IN FIRST HALF OF 2008
Chicago ,
IL
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August 4, 2008 -
PeopleScout, a leading provider of end-to-end recruitment process outsourcing (RPO) and employee retention solutions, reported strong second-quarter results, driven largely by several new multi-million dollar client engagements. Also, scope expansions within the existing client base were a key contributing factor, as nearly 80 percent of the current clients have expanded their relationship with PeopleScout in the past 12 months.
"We're very pleased with the double-digit sequential quarterly growth that PeopleScout delivered in the second quarter," said Patrick Beharelle, Chief Operating Officer for Chicago-based SeatonCorp, PeopleScout's parent company. "The strong growth that PeopleScout achieved in Q2 is very encouraging, particularly given the softened hiring needs in several industry sectors."
PeopleScout President Karen Browne added, "We remain quite bullish on the RPO industry's growth prospects, as an increasing number of companies look to outsource all or part of their recruiting function to best-in-class providers. We've seen a significant uptick over the last 60 days in the number of interested RPO buyers across many industries. Looking ahead, PeopleScout fully expects to achieve significant sequential quarterly growth in the third and fourth quarters."
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 184,000 hires via partial-cycle RPO engagements and end-to-end RPO engagements. Industries served include airline, financial services, telecommunications, retail, utilities, insurance, pharmaceutical, and transportation.
PeopleScout's clients include some of the more recognizable names in the Fortune 500 list of companies. PeopleScout has succeeded in being selected for four consecutive years to HRO Today Magazine's Baker's Dozen - the closely watched list of industry - leading RPO providers - as well as being named #1 in large deal capabilities. The firm also has also been recognized as the #1 RPO Provider by The Black Book of Outsourcing on its "2008 Top Ten HRO: Recruitment Process Outsourcing/RPO" list. For more information, please visit us at www.peoplescout.com or call 800-966-4803.
For More Information
Gerry Sullivan
Vice President, Solutions Development
(312) 915-5036
gsullivan@peoplescout.com
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