EXCLUSIVE: Kelly Services CEO Carl Camden on the Evolving Competitive Staffing Landscape (KELYA)
Editor's Note: More of Carl Camden’s views will be published Friday, July 5, including how the changing job space will affect the staffing industry.
President, CEO and director of Kelly Services (NASDAQ: KELYA), Carl Camden, gave Benzinga an exclusive interview last week.
Kelly Services is an HR solution firm widely recognized for their temporary staffing successes. During the interview, he was asked about the competitive landscape as temporary employment surges.
“Most staffing firms have seen a decrease in temporary staffing in the United States over the last couple of quarters in spite of the BLS numbers. The reason for that is a lot of the growth seen in temporary staffing has come in construction, hospitality and retail, which is not where very many of the traditional staffing firms have a large presence.”
Camden went on to explain the role the internet has on the employment space. “What we are seeing is not so much an increase in the number of new temporary staffing firms, but an increase in the number of online offerings.”
Kelly Services has been able to stay ahead of the competition because of their expertise in staffing technical positions. Specifically, engineers, scientists and IT professionals. Last year, Kelly Services was able to grow their professional and technical business by three percent.
Carl Camden explained growth techniques further: “We have moved into some new product areas that have been growing very rapidly, as an example, substitute teachers. Providing them via our temporary staffing services has become a very fast growing business.
The company’s net income is up thirty percent year over year for the most recent quarter, ended March 31. This comes after the company successfully reduced costs and raise some fees.
Shares of Kelly Services closed at $17.63 yesterday, up almost forty percent for the year.
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