News
News > 2009 Archives > July 2009
SEATONCORP REPORTS 86% FIRST-HALF ORGANIC EARNINGS GROWTH
Chicago, IL - July 31, 2009 - SeatonCorp, a Chicago-based staffing and recruiting firm that operates under the Staff Management, PeopleScout, and StudentScout brands, reported first half 2009 earnings increased organically 86% year-over-year. The earnings growth was largely due to modest cost containment initiatives, several large client signings, and particularly strong results from the StudentScout division.
SeatonCorp reported over $50 million in new client signings over the past year. Staff Management, a leader in high-volume, vendor-on-premise and managed service staffing solutions, signed and implemented more than a dozen multi-million dollar client engagements. PeopleScout, a leading recruitment process outsourcing (RPO) provider had several key client renewals and new wins over the same period. StudentScout, a pioneer in student recruitment and admissions support for the post-secondary education industry, delivered significant bottom line growth.
"We are encouraged that hiring demand has begun to stabilize at existing clients, said Patrick Beharelle, SeatonCorp's Chief Operating Officer. "New client signings and scope expansions across all three divisions have helped to offset the soft hiring conditions."
SeatonCorp's Chief Executive Officer, Michael Miles, noted, "Our efforts to build a delivery model that performs well in times of economic growth as well as recessionary periods, has delivered solid results."
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.
About StudentScout
StudentScout provides best-in-class contact management and appointment setting support to the post secondary education industry. Major organizations across America rely on StudentScout's proprietary model to help optimizes their admission processes - from lead generation to enrollment StudentScout clients experience improved speed to lead, increased contact rates, overall lift in the number of appointments set, and a more variable admissions cost structure. For more information, please visit www.studentscout.com or call 877-902-3522.
About PeopleScout
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 187,000 hires via RPO engagements. Industries served include airline, financial services, telecommunications, retail, utilities, pharmaceutical, 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 RPO Provider in HRO Today Magazine's Baker's Dozen - its fourth 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 "Top Ten HRO: Recruitment Process Outsourcing/RPO" list. For more information, please visit www.peoplescout.com or call 800-966-4803.