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TrueBlue, Inc. provides specialized workforce solutions that connect employers with contingent labor, on-demand staffing, workforce management and recruiting services. Its operating brands include PeopleReady, PeopleScout, Staff Management | SMX, Centerline, SIMOS and Healthcare Staffing Professionals, with activity across light industrial, skilled labor, commercial driver, healthcare staffing and talent acquisition markets.
TrueBlue news commonly covers quarterly earnings, demand trends in staffing markets, organic growth, cost discipline, liquidity and credit capacity, and performance in skilled verticals. Company updates also include leadership appointments within operating businesses, investor conference participation, governance matters, shareholder engagement and developments tied to board refreshment or proxy-related activity.
TrueBlue has announced that its Chief People Officer, Andrea Brogger, has been recognized as one of the 10 most influential HR leaders in the U.S. by Insights Success magazine. This acknowledgment highlights her innovative HR practices, employee engagement initiatives, and the alignment of people strategy with business outcomes. The recognition underscores the significant role of HR in driving business success. Brogger joined TrueBlue in 2011, becoming Chief People Officer in 2020, and has been pivotal in enhancing workplace culture and employee empowerment.
PeopleReady reports significant growth in temporary job postings, indicating a potential economic recovery. Key sectors experiencing a rebound include:
- Equipment operators: 300% increase
- Painters: 300% increase
- Material movers: 233% increase
- Retail associates: 200% increase
- Assembly associates: 80% increase
This trend suggests that permanent full-time positions may rise in the next 6 to 12 months. With nearly 10 million Americans seeking work, this growth is a positive sign for the labor market.
TrueBlue (NYSE: TBI) announced that CEO Patrick Beharelle and CFO Derrek Gafford will present at the Sidoti Virtual Investor Conference on March 24, 2021, at 3:15 p.m. Eastern Time. A live webcast and replay will be accessible via the company’s Investor Relations website and here.
As a leading provider of workforce solutions, TrueBlue connected around 490,000 individuals with employment in 2020, offering services through its PeopleReady, PeopleManagement, and PeopleScout segments.
A recent analysis from PeopleReady reveals a significant shortage of skilled trade workers in the U.S., with jobs remaining unfilled for an average of one month. The gap is largely attributed to retiring baby boomers. According to Jill Quinn, the demand for apprentice-level positions is high, offering steady, well-paying job opportunities. Notably, job postings for plumber apprentices have surged by 24%, while median hourly wages for helper positions stand at $16, potentially increasing with training. This presents a compelling opportunity for job seekers.
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PeopleReady Skilled Trades reports significant growth in the skilled trades sector amid economic challenges, with nearly 400,000 job postings since March 2020. Key areas of demand include drywall finishers (100% increase) and tile and stone setters (94%). Recently, job postings surged, particularly for drywall finishers (300%) and boilermakers (78%). The company aims to connect tradespeople with available job opportunities, especially as the construction season approaches, highlighting the resilience and thriving nature of skilled trades in a fluctuating job market.
PeopleReady, a staffing leader, is adapting to ongoing workforce changes by launching a new brand promise, 'Within Reach', alongside refreshed branding and website updates. The company aims to enhance its digital transformation efforts, connecting over 90,000 job seekers each month through a centralized sourcing engine and virtual onboarding experience. Key features, such as the new Apply to Dispatch function within their JobStack app, have significantly reduced hiring times by 87%, enabling quicker connections between candidates and employers.
TrueBlue (NYSE:TBI) reported its Q4 and full-year 2020 results, with full-year revenue declining to $1.8 billion, down 22% from 2019. The company faced a net loss per diluted share of $4.01, contrasting with a net income of $1.61 in the prior year. For Q4, revenue was $519 million, a 12% decrease from Q4 2019. Adjusted net income per diluted share also fell to $0.33, a 15% decline year-over-year. Despite these challenges, the CEO highlighted improvements in revenue trends, cost discipline, and ongoing investments in digital strategies, particularly the JobStack app.
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TrueBlue (NYSE: TBI) announced it will release its fourth quarter and full-year 2020 earnings results after market close on Feb. 3, 2021. This release will be followed by a webcast at 2:30 p.m. PST (5:30 p.m. EST) on the same day, where management will discuss the results.
TrueBlue is a leader in workforce solutions, connecting around 724,000 individuals with work opportunities in 2019 through its PeopleReady, PeopleManagement, and PeopleScout segments. For more information, visit www.trueblue.com.