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News about Kelly Services, Inc. (Nasdaq: KELYA, KELYB) focuses on its role as a specialty talent solutions provider in the human resources consulting and staffing industry. Company press releases and updates cover topics such as financial results, workforce trends, segment performance, and developments in its outsourcing and consulting businesses. Investors and observers can follow how Kelly reports on revenue from services, segment dynamics, and factors influencing demand across its Professional & Industrial, Science, Education, Outsourcing & Consulting Group, and International operations.
Kelly’s news flow also highlights its broader workforce solutions capabilities. Announcements from KellyOCG and KellyOCG + Sevenstep describe recognition in industry rankings for managed service provider (MSP), recruitment process outsourcing (RPO), services procurement, and total workforce solutions. These items provide insight into how Kelly’s outsourcing and consulting group positions itself in areas such as contingent workforce management, statement of work solutions, and total talent management.
Education and technology are recurring themes in Kelly-related news. Kelly Education issues updates on initiatives like the LEARN Standards, a framework designed to professionalize and support substitute teachers and paraeducators by defining core competencies. Motion Recruitment, a Kelly company, publishes a Tech Salary Guide that analyzes compensation and hiring trends across technology roles, including data and AI, platform engineering, and cybersecurity. These releases give context on how Kelly and its affiliated businesses respond to shifts in skills demand and workplace expectations.
Other news items include research findings from the Kelly Global Re:work Report, which explores how executives and workers view artificial intelligence and its impact on careers, as well as announcements about participation in investor conferences and corporate governance developments such as stockholder rights plans. Readers who follow KELYA news can use this stream of information to understand how Kelly communicates its strategy, reacts to labor market changes, and manages its relationships with clients, workers, and shareholders.
Kelly has appointed two key executives to enhance their staffing strategy: Amy Bouque as Chief HR Officer for full-time employees, and Jocelyn Lincoln as Chief Talent Officer focused on temporary workers. Bouque, previously with Ally Financial, is tasked with improving HR practices, while Lincoln, with 21 years at Kelly, aims to enhance the experience for temporary workers. CEO Peter Quigley expressed that both roles are crucial as Kelly navigates the evolving workforce landscape, emphasizing the importance of a strong temporary worker experience.
Kelly (Nasdaq: KELYA) reported Q2 2020 results, showing a 28.7% revenue decline year-over-year, totaling $1.0 billion. Operating earnings fell 68.2% to $11.1 million, with adjusted earnings of $10.9 million. Diluted EPS was $1.04, down 50.9%, while adjusted EPS decreased 37.0% to $0.51. The decline is attributed to reduced demand due to the COVID-19 crisis. CEO Peter Quigley noted ongoing efforts to enhance profitability and shift towards specialization in response to market challenges.
KellyOCG has been recognized as a Leader and Star Performer in Everest Group's 2020 PEAK Matrix Assessments for Services Procurement and a Major Contender in Recruitment Process Outsourcing (RPO). This marks the second consecutive year as a Leader in Services Procurement, with high ratings in vision & strategy and delivery footprint. The report highlights KellyOCG's strong performance in supplier management, technology investments, and analytics capabilities. With a focus on small and mid-markets, the firm continues to enhance its service offerings.
Kelly Services, Inc. (Nasdaq: KELYA) will announce its second quarter earnings on August 6, 2020, prior to market opening. A conference call will take place at 9:00 a.m. EDT, accessible online or via phone. A recording will be available post-call. Kelly Services connects talent with companies in various sectors, employing nearly 440,000 individuals globally and generating $5.4 billion in revenue for 2019. For more information, visit kellyservices.com.
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Kelly has launched the Redefining Work playbook to support businesses amid COVID-19 challenges. The playbook offers practical solutions for workplace safety and workforce management as companies navigate reopening amidst varying state restrictions. Addressing high unemployment (13.3%), Kelly provides strategies such as implementing safety tools, rethinking workspace layouts, and enhancing employee engagement. Notable successes include hiring 450 health screeners for a client and achieving a 97% return rate for furloughed workers. This initiative aims to help organizations adapt and thrive in the evolving work landscape.
The COVID-19 pandemic has intensified teacher shortages in the U.S., with only 54% of daily teacher absences filled before the crisis. A report by EdWeek Research Center indicates that 12% of teachers may leave their profession due to pandemic-related pressures. Administrators report higher absence rates, and 71% predict increased demand for substitute teachers in the next five years. Key recommendations to address this shortage include raising pay by at least 26%, enhancing professional development, and improving recruitment and retention tactics.
On June 22, 2020, Kelly announced key leadership appointments as part of its strategy to accelerate growth as a specialty talent solutions provider. Effective July 1, five new specialty business leaders will take charge, each focusing on driving innovation and growth in their respective segments: Science, Engineering & Technology; Education; Professional and Industrial; KellyOCG; and International. Additionally, Jim Bradley was appointed Chief Administrative Officer, overseeing shared services. This leadership shift aims to enhance operational effectiveness and specialization across the company's offerings.
Kelly (Nasdaq: KELYA), a leading talent solutions provider, will participate in the Barrington Research Virtual Spring Investment Conference on May 21, 2020. Key executives, including CEO Peter Quigley, CFO Olivier Thirot, and SVP James Polehna, will engage in virtual meetings. In 2019, Kelly reported revenues of $5.4 billion and employs nearly 440,000 people globally.