67 WALL STREET, New York - January 17, 2014 - The Wall Street Transcript has just published its Staffing & Outsourcing 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 and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Growth in Temporary Staffing Demand - Secular Trend Toward Temporary Staffing - Strong Demand for IT Staffing - BPO Market Trends - Healthy Demand in BPO Space - Cost-Cutting Measures - Steady Growth in Labor Market - Upside Potential in Staffing Sector
Companies include: Resources Connection Inc. (RECN) and many more.
In the following excerpt from the Staffing & Outsourcing Services Report, the Chief Legal Officer and EVP of Resources Connection Inc. (RECN) discusses company strategy and the outlook for this vital indusry:
TWST: You mentioned Dodd-Frank driving demand in financial services. Are there any other particular trends that you are seeing among your clients that are driving demand for your services, or perhaps changing the nature of what they are looking for help with?
Ms. Duchene: Certainly another area is health care, which is undergoing unprecedented change and uncertainty in reaction to the passage of the Affordable Care Act. We are experiencing a surge in demand as health care institutions, both providers and payers, are struggling with regulatory change driven by the Affordable Care Act. We're active on a number of fronts, so that's certainly an area of increasing importance and opportunity for us.
The recent increase in M&A activity has broadly driven a need for our services where we are able to help our clients unbundle pieces of work flow that traditionally would have gone to traditional outside counsel. Now, in-house legal departments understand that there are pieces of that work that they can and should send to their traditional outside counsel, but there are also pieces of work that can be handled more efficiently and effectively, at far less cost, by teaming with a provider like RGP Legal. We assist the in-house team to accomplish some of that deal-related work flow, and that's the concept of unbundling pieces of work and finding the most capable provider to do that component of the work flow that they do best.
While there can be substantial cost savings, the real benefit is improved quality and efficiency, because the RGP team members assigned to the project, say, the due diligence piece, are experienced professionals who have also worked inside business as business lawyers. So instead of - in the traditional model - getting a first, second or third year associate that might be looking at a document for the first time, our team members have had years of experience having looked at similar documents, legal and otherwise, both from an in-house perspective and an outside counsel perspective, and are much more efficient and effective in spotting potential issues and getting through that kind of work flow.
TWST: How is the overall economic environment and labor market impacting your business and revenues?
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.