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TrueBlue, Inc. (NYSE: TBI) is a premier provider of staffing, recruiting, and workforce management solutions, supporting a diverse range of industries including construction, energy, manufacturing, financial services, pharmaceuticals, transportation, and aviation. TrueBlue assigns as many as 100,000 individuals to work daily, drawing from an extensive database of candidates, and places over 250,000 people in permanent positions annually.
The company's operations are structured into three main segments:
- PeopleReady: Specializes in industrial staffing services, offering on-demand labor solutions to meet immediate workforce needs.
- PeopleManagement: Provides contingent, on-site industrial staffing and productivity-based services, catering to clients' specific operational requirements.
- PeopleScout: Offers a range of recruitment process outsourcing (RPO) services, talent advisory, and managed service provider (MSP) solutions, helping organizations streamline their hiring processes and achieve better talent outcomes.
Recently, TrueBlue's research through PeopleScout, in collaboration with Spotted Zebra, revealed that 90% of HR leaders believe that half of their workforce will need reskilling in the next five years. Despite this, only 7% have active reskilling programs. The study highlighted the critical need for skills-based talent acquisition and management strategies as global labor trends evolve due to automation, AI adoption, and other technological advancements.
TrueBlue remains a trusted advisor to numerous clients across various sectors, addressing the widening skills gap and emphasizing the importance of future-focused skills strategies. In 2022, TrueBlue served 84,000 clients and connected approximately 611,000 people to work. In 2023, the company served 67,000 clients, connecting around 464,000 people to job opportunities.
The PeopleReady segment is currently gearing up for the summer hiring surge in the hospitality industry, connecting businesses with qualified workers for major events like the Indy500, NBA Finals, and U.S. Open, among others. With a comprehensive presence in more than 600 markets across the U.S., PeopleReady's JobStack app allows job seekers to find work conveniently from their mobile devices.
PeopleScout has been recognized as a global leader in Total Workforce Solutions by HRO Today's 2021 Baker's Dozen Customer Satisfaction Ratings. The company secured the top position in the Breadth of Service category, emphasizing its strength in Recruitment Process Outsourcing (RPO) and Managed Service Provider (MSP) solutions. This accolade highlights PeopleScout's commitment to technology innovation and client satisfaction amid ongoing labor market challenges and the pandemic. The company boasts a 97% client retention rate and operates in over 70 countries.
TrueBlue announced that four of its leaders have been recognized in the HRO Today 2021 HR Superstars list. This annual recognition highlights individuals excelling in HR innovation and transformation. The featured executives include Patrick Beharelle, CEO; Taryn Owen, President and COO of PeopleReady and PeopleScout; Carl Schweihs, President and COO of PeopleManagement; and Jerry Wimer, Senior VP of Staff Management | SMX. TrueBlue remains a leader in specialized workforce solutions, connecting approximately 490,000 jobseekers with employment opportunities in 2020.
The solar industry is experiencing rapid growth, with over 305,000 solar jobs posted between October and November 2021, according to PeopleReady's analysis. The current job openings include approximately 230,000 positions, with 68,000 new jobs posted in the last month alone. This reflects a 32% increase compared to the same period in 2019. The average job vacancy lasts 28 days, highlighting a workforce shortage. Median annual pay in this sector is near $48,000. Key in-demand roles include solar installers, welders, electricians, and construction workers.
TrueBlue, a provider of specialized workforce solutions, has partnered with Feeding America to combat food insecurity in the U.S. The partnership aims to provide at least 1.5 million meals to local communities while engaging TrueBlue employees in support efforts. Food insecurity remains high due to inflation and supply chain issues, impacting many working families. TrueBlue's CEO, Patrick Beharelle, emphasized the company's commitment to enhancing lives through both employment and food security initiatives.
The holiday hiring season has surged, with job postings up 47% compared to pre-pandemic levels, according to PeopleReady.
Over 2 million part-time and flexible hour jobs were posted from September to October 2021, a significant rise from 1.2 million in 2019.
Most in-demand positions include restaurant servers, warehouse associates, and package handlers, indicating a positive economic outlook for seasonal employment.
PeopleReady's JobStack app has earned significant accolades in the Brandon Hall Group Excellence in Technology Awards, winning a gold award for Best Advance in Business Strategy and Technology Innovation and a silver award for Best Advance in Integrated Talent Management Platform. JobStack facilitates 24/7 connections between job seekers and employers, processing a job every nine seconds and filling about 10 million shifts since launch. With nearly 90% of its workforce utilizing the app, it represents a crucial step in PeopleReady's digital transformation in staffing. The app reduces job connection times by 87%.
PeopleReady has received 11 Vega Awards at the fall awards program by the International Awards Associate (IAA), highlighting its JobStack app, website redesign, and a marketing campaign featuring two-time Indianapolis 500 champ Takuma Sato. The JobStack app earned accolades for innovation and technology, while the redesigned website aimed at enhancing user experience received gold awards. A TV ad portraying Sato also garnered recognition, reaching an audience of over 5 million. These distinctions underscore PeopleReady's commitment to connecting businesses with qualified workers efficiently.
PeopleScout has been recognized as a leader in Recruitment Process Outsourcing (RPO) in EMEA and APAC by HRO Today’s 2021 RPO Baker's Dozen Customer Satisfaction Ratings. Previously, the company was ranked as an enterprise leader globally. The rankings reflect clients' satisfaction based on service breadth, deal size, and quality. PeopleScout's investments in technology and customer service have contributed to this recognition. The firm also maintains a strong position in talent solutions across the global economy, with a notable 97% client retention rate.
TrueBlue announced that three of its leaders were recognized in the Staffing Industry Analysts' Global Power 150 Women in Staffing List for 2021. The honorees include Taryn Owen, president and COO of PeopleReady and PeopleScout; Jill Quinn, executive leader of Centerline Drivers and PeopleReady Skilled Trades; and Hope Field, vice president of sales for Staff Management | SMX. This acknowledgment highlights their contributions to the staffing industry and TrueBlue's commitment to diversity and inclusion in workforce solutions.
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