Company: Staff Management, Chicago, IL, U.S.A.
Company Description: Founded in 1988, Staff Management is a leading global provider of sustainable contingent workforce solutions that deliver best talent, drive compliance and yield tangible savings. Staff Management partners with its clients and suppliers to find innovative ways to drive value, solve problems, increase efficiencies, reduce costs, drive compliance, promote diversity and leverage technology.
Nomination Category: Company/Organization Categories
Nomination Sub Category: Best Turnaround of the Year
Nomination Title: Staff Management
Describe for the judges the financial or operational turnaround achieved by the nominated company during the eligibility period (up to 500 words):
2009 was a historically difficult year for the US staffing industry, with revenues down by 26% industry wide. To weather the 2009 economic crisis, the Staff Management Executive Team, lead by Chief Operating Officer Joan Davison, focused on the long-term and banked on Staff Management clients to return strong. Staff Management retained as much tenured talent as possible, stuck by its clients despite shrinking revenues, and worked to expand its client base with smaller and more diversified accounts. This was a risky strategy when many in the industry were shedding their unprofitable clients and passing on potentially risky smaller accounts.
Despite the industry’s record breaking losses in 2009, Staff Management closed the year with a comparatively moderate revenue loss. The client loyalty paid off; Staff Management achieved 100% client retention in 2009 – an extraordinary feat in an industry known for client turnover.
During the eligibility period, July 2009 to July 2010, Staff Management and its clients came back strong. Staff Management revenues were up 38.7% during that period, and its clients have rewarded the company’s loyalty with expanded opportunities and referrals. Despite the economic crisis, Staff Management has continued its global expansion; further expanding its international footprint in Latin America, Europe and the Asia-Pacific Region.
In April 2010 Staff Management was ranked the #1 MSP provider in breadth of services and size of deals on the prestigious HRO Today magazine’s MSP Baker’s Dozen. In March 2010 Staff Management Chief Operating Officer, Joan Davison, was invited to address the Staffing Industry Analysts’ (SIA) Executive Forum and was appointed to the SIA Advisory Group. In July 2010, it was announced that Staff Management had achieved its best ever ranking on SIA’s list of largest US staffing firms. Staff Management was ranked 37th out of the approximately 6,000 largest staffing providers in the US. This represented a nearly 20% jump up the much anticipated list of largest firms.
List the URLs (web addresses) of any online news stories, press releases, or other documents that you would like the judges to see that support your entry. IMPORTANT: List each URL on a separate line, begin each URL with http://, and enclose each URL in square brackets. For example, [http://www.yourcompany.com/pressrelease.html]:
Provide a brief biography of the person or persons who lead the nominated company (up to 100 words):
Joan Davison is the Chief Operating Officer of Staff Management and a thought
leader for the staffing industry. Joan has led Staff Management’s international
expansion into Canada, Europe, Latin America and the Asia-Pacific Region.
During Joan’s tenure, Staff Management achieved charter membership in the U.S.
Immigration and Customs Enforcement IMAGE Program and was ranked the # 1
MSP Provider in Breadth of Services and Size of Deals on HRO Today magazine’s
MSP Provider Baker’s Dozen. Joan is a featured industry speaker and regular
contributor to industry publications. Joan received her BA in Business
Administration and Management from Saint Xavier University.
Choose one (even if both apply):
The CEO (or other principal manager) of this company is a woman, and at least 40% of the management team is comprised of women.