67 WALL STREET, New York - January 29, 2013 - The Wall Street Transcript has just published its Staffing, Outsourcing and Rental & Leasing Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Workforce Flexibility Requirements - Growth in Temporary Staffing Demand - Secular Trend Toward Temporary Staffing - Strong Demand For IT Staffing - Growth in Equipment Leasing Adoption Rates - Consolidation Potential in Fragmented Industry
Companies include: Manpower Inc. (MAN), Robert Half International Inc. (RHI), Kforce Inc. (KFRC), Kelly Services Inc. (KELYA), TrueBlue, Inc. (TBI) and many others.
In the following excerpt from the Staffing, Outsourcing and Rental & Leasing Services Report, an expert analyst discusses the outlook for the sector for investors:
TWST: Are there any other trends you're seeing in the industry?
Mr. Healy: Within the industry there are some verticals that are stronger than others. The technology sector as well as the light industrial sector have been stronger of late relative to historical standards. I think that's a result of skill shortages, where it's harder to find what I would call qualified blue-collar laborers - it could be electricians, it could be plumbers, it could be mechanics - that are skilled in certain ways that it's hard to find those candidates.
Staffing firms like TrueBlue (TBI) are increasingly valuable to their customers, and they're able to source those candidates and provide them on a flexible basis. The same thing can be said for staffing firms that specialize in technology placements. More and more technology needs are needed in our workforces, and players like Kforce (KFRC) and Robert Half (RHI) are doing a great job of providing sought-after skill sets in the technology sector that allow for employers to meet their needs.
TWST: Do you think those will continue to be the stronger verticals?
Mr. Healy: Yes, I would think so. When you look at the amount of labor that's coming into the workforce, technology is growing at a faster rate than labor. And we also have aging demographics on what I would call skilled blue-collar assignment, which are going to pressure the amount of labor force available for the needs that are out there. So I don't think there's going to be any change in the trajectory of demand within those two verticals.
TWST: Has there been any noteworthy news or strategic changes, changes in business strategy, among the companies you cover?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.