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Kelly Services, Inc., also known as Kelly, is a global specialty talent solutions provider offering workforce solutions and consulting services. With operations in various sectors like financial services, IT, law, and more, the company is divided into five segments, including Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Kelly recently acquired Motion Recruitment Partners, LLC, expanding its market-leading solutions portfolio and enhancing its focus on higher-margin, higher-growth specialty outcome-based and staffing services. The acquisition is part of Kelly's strategy to pursue inorganic investments, unlock significant capital, and optimize its operating model, aligning with its goal to provide top-quality talent solutions.
Kelly Education has launched a new certification program in partnership with Teachers of Tomorrow, aimed at addressing the teacher shortage in the U.S. The 'earn while you learn' initiative allows individuals with a bachelor’s degree to work as substitute teachers while completing an online curriculum to obtain certification in approximately 12 months. This affordable program assists participants in gaining practical classroom experience and eligibility for state licensing exams, supporting a smoother transition into teaching roles.
Deb Thorpe will retire in January 2021 after a 20-year career in staffing, including 13 years at Kelly. Under her leadership, Kelly's Professional & Industrial (P&I) unit adapted successfully during COVID-19, transitioning to a virtual work model. Thorpe's legacy includes founding Leadership in Action, promoting future female leaders. Tim Dupree, with 20 years at Kelly, will succeed Thorpe, focusing on profitable growth in office professional and industrial sectors across the U.S., Canada, and Puerto Rico.
Kelly (Nasdaq: KELYA, KELYB) has acquired Greenwood/Asher & Associates, an executive search firm focusing on higher education, effective November 18. The financial terms of the acquisition remain undisclosed. Following this acquisition, Kelly aims to broaden its services beyond K-12 into higher education, addressing the growing demand for talent in education. This marks Kelly Education's third acquisition in four years, reinforcing its position as a leading provider of education workforce solutions.
Kelly Education reports a significant need for substitute teachers in New Jersey, with some districts facing up to 50 openings. The organization emphasizes the importance of substitutes in providing educational continuity during the pandemic. The roles are particularly suited for parents, unemployed professionals, and college students, offering flexible schedules, steady pay, and training opportunities. Interested individuals can visit kellyeducation.com for more information.
Kelly (Nasdaq: KELYA, KELYB) has announced its participation in the J.P. Morgan Ultimate Services Investor Conference on November 19, 2020. Key executives, including Peter Quigley, Olivier Thirot, and James Polehna, will engage in virtual one-on-one meetings. Kelly connects talent in various sectors and reported $5.4 billion in revenue for 2019.
Kelly (Nasdaq: KELYA, KELYB) reported Q3 2020 revenue of $1.0 billion, a decline of 18.1% year-over-year due to continued COVID-19 demand issues. The company recorded an operating loss of $2.4 million and adjusted earnings of $7.0 million, down from $17.0 million in Q3 2019. Diluted earnings per share were $0.42 or $0.29 adjusted, compared to $0.43 last year. The quarter included a non-cash gain from an investment in Persol Holdings, offset by customer dispute losses.
Kelly (Nasdaq: KELYA, KELYB) is set to announce its third quarter earnings on November 5, 2020, before market opening. A conference call for investors will follow at 9:00 a.m. ET, accessible via phone or streaming online. Kelly specializes in connecting skilled professionals across various sectors including Science and Engineering, employing around 440,000 individuals globally. The company reported a revenue of $5.4 billion in 2019, underscoring its significant role in the talent solutions industry.
Kelly has launched the Equity@Work initiative aimed at creating a more equitable labor market by transforming hiring practices and addressing systemic barriers. CEO Peter Quigley announced key changes, including removing salary and criminal history from applications and updating drug offense policies. Collaborations with organizations such as the SHRM Foundation and the Detroit Regional Talent Compact will focus on improving access to education and job opportunities. This initiative seeks to connect more diverse candidates with employment opportunities and enhance inclusivity in the workforce.
Kelly (Nasdaq: KELYA, KELYB), a prominent specialty talent solutions provider, will present at the Sidoti Fall 2020 Virtual Investor Conference on September 23 & 24, 2020. Key executives, including Peter Quigley, Olivier Thirot, and James Polehna, will discuss the company's strategy and performance. The presentation is scheduled for 2:30 p.m. ET on September 24 and will be accessible via kellyservices.com. An audio replay will be available post-event.
Kelly announced the appointment of Vanessa Williams as Senior Vice President and General Counsel, effective immediately. Vanessa brings over 24 years of legal experience, previously serving at IHS Markit and R.L. Polk. She will oversee Kelly's legal and corporate security teams, manage compliance, and provide strategic legal guidance. CEO Peter Quigley expressed confidence that her background will support the company's growth strategy. Vanessa holds a Juris Doctorate from William & Mary Law School and an MBA from Wayne State University.
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