Company Description
Kelly Services, Inc. (Nasdaq: KELYA, KELYB) is a specialty talent solutions provider in the human resources consulting and staffing industry. The company helps businesses recruit and manage skilled workers and helps job seekers find work opportunities. Kelly states that it has been active in the staffing industry since 1946 and is headquartered in Troy, Michigan. Its shares of Class A and Class B common stock are listed on The Nasdaq Stock Market LLC.
Kelly’s business centers on connecting companies with the people they need and supporting organizations across many industries. According to the company, it works with a network of suppliers and partners and connects hundreds of thousands of people with work each year. Kelly highlights experience serving sectors such as science, engineering, technology, education, manufacturing, retail, finance, and energy. This reflects a focus on professional and technical roles as well as broader workforce needs.
The company describes itself as a provider of workforce solutions, consulting, and staffing services. Its operations are organized into business segments that include Professional & Industrial, Science, Education, Outsourcing & Consulting Group, and International. With the exception of the Outsourcing & Consulting Group, these segments deliver talent through staffing services, permanent placement, or outcome-based services. The Outsourcing & Consulting Group delivers talent solutions that include managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. The International segment also delivers recruitment process outsourcing solutions in local markets.
Kelly notes that it offers a suite of outsourcing and consulting services designed to ensure companies have the people they need, when and where they are needed. This includes services delivered through KellyOCG, the company’s outsourcing and consulting group, which focuses on managed service provider (MSP) and recruitment process outsourcing (RPO) offerings, services procurement and statement of work solutions, and total talent management approaches. KellyOCG + Sevenstep, described as the outsourced solutions business of Kelly, has been recognized in industry rankings for total workforce solutions, MSP, and RPO services based on customer feedback.
Within education, Kelly operates Kelly Education, which it describes as a provider of education talent and workforce solutions across the full continuum of education, including PreK-12, special education, therapeutic services, and executive search. Kelly Education has introduced the LEARN Standards, a framework developed by educators and human resources experts to define competency expectations for substitute teachers and paraeducators. The LEARN Standards are intended to support professional development, retention, engagement, and student learning outcomes by clarifying expectations in areas such as instruction, learning environment, professionalism, recognition of the whole child, and navigation of educational settings.
Kelly also emphasizes its role in technology staffing and solutions through Motion Recruitment, a Kelly company. Motion Recruitment provides IT staffing and consulting solutions across North America and focuses on technology disciplines such as software, mobile, data and AI, infrastructure, cybersecurity, product and user experience, and functional technology roles. Motion Recruitment publishes a Tech Salary Guide based on job placements and market data to provide insights on compensation and workforce trends in the technology sector.
In addition to staffing and outsourcing, Kelly conducts research on workforce trends. The Kelly Global Re:work Report, based on surveys of professionals and executives, examines topics such as artificial intelligence adoption, skills, and perceptions of technology in the workplace. The report highlights differences between executives and workers regarding AI, the importance of training and trust, and the impact of AI skills on career prospects.
Kelly’s securities filings indicate that the company reports its financial results and material events through current reports on Form 8-K and related amendments. These filings cover items such as quarterly financial information, changes in executive leadership, and compensation or separation arrangements for senior officers. The company’s Class A and Class B common stock are registered under Section 12(b) of the Securities Exchange Act of 1934 and trade on Nasdaq under the symbols KELYA and KELYB.
Kelly has also disclosed corporate governance and capital structure developments. For example, the company announced the adoption of a stockholder rights plan in connection with a definitive agreement by a major stockholder to sell its holdings of Class B common stock to a private party. The rights plan is described as a mechanism intended to give the board of directors time to evaluate the transaction and any related plans or proposals and to consider the interests of all stockholders.
According to Kelly, revenue is generated from services across its segments, with Professional & Industrial identified as a significant contributor in prior descriptions. The company provides financial details about revenue from services, cost of services, gross profit, selling, general and administrative expenses, and other metrics in its earnings releases and SEC filings. These disclosures also discuss factors affecting performance, such as demand trends in specific segments, impacts from government and large customer demand, and non-cash charges like goodwill impairment.
Kelly positions itself as a global workforce solutions provider with a focus on specialty talent, outsourcing, and consulting. Its activities span contingent staffing, permanent placement, managed services, recruitment process outsourcing, education workforce solutions, and technology staffing. For investors and job seekers, the company’s disclosures and public communications provide insight into its segment structure, industry focus, and approach to workforce trends such as AI adoption and specialized skills.
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Short Interest History
Short interest in Kelly Svcs (KELYA) currently stands at 603.9 thousand shares, down 4.3% from the previous reporting period, representing 1.3% of the float. Over the past 12 months, short interest has decreased by 22.2%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Kelly Svcs (KELYA) currently stands at 1.3 days, up 33% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 30.7% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.3 days.