EmploymentGroup Reports 73 Percent Increase in Revenue

4/27/11

The firm also had 68 percent increase in first quarter 2011 sales compared to the year-ago period.

Battle Creek and Grand Rapids, Mich. — April 27

EmploymentGroup, a staffing and outsourcing services firm, announced Monday its growth for the first quarter of 2011 and the full year 2010.

The firm reported a 73 percent increase in revenue for the year ending Dec. 31 and a 68 percent increase in first quarter 2011 sales compared to the year-ago period.

“The temporary staffing industry is widely viewed as a leading indicator of economic turnaround,” said Mark Lancaster, CEO of EmploymentGroup. “EmploymentGroup’s positive, sustained results certainly appear to confirm this correlation, although we were frankly surprised by the exceptional pace of our 2010 and first-quarter 2011 growth, given the cautious outlook that persists in parts of the broader U.S. economy.”

West Michigan employers, area companies hired 884 EmploymentGroup temporary associates as full-time employees during 2010, over a 100 percent gain over the prior year.  In addition, the firm gained 40 new customers from food distributors and plastics manufacturers to education and renewable energy companies. 

Source: EmploymentGroup

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