Welcome to our dedicated page for Trueblue news (Ticker: TBI), a resource for investors and traders seeking the latest updates and insights on Trueblue stock.
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.
The ongoing workforce shortage in the U.S. has led to approximately 13.6 million jobs remaining vacant for over a month, according to PeopleReady. With federal unemployment benefits ending in 26 states, experts anticipate limited impact on job market recovery. PeopleReady emphasizes the growing importance of contingent workforces to fill these gaps. A recent survey highlights a significant shift in job preferences, with a 34% decrease in interest for full-time positions and nearly 50% increase for temporary jobs. To incentivize job placements, PeopleReady has launched a sweepstakes offering $100,000 in cash and prizes.
PeopleReady has announced the appointment of Margaret Tuohy as head of product, aiming to advance its digital transformation and product innovation strategies. This follows the launch of enhanced tools and a refreshed brand to improve workforce connectivity. Tuohy, previously with ADP and CNN Digital, brings valuable product management experience. The company aims to enhance its JobStack app and facilitate a seamless user experience for its over 40,000 associates monthly. PeopleReady's commitment to connecting people with work is emphasized throughout this transition.
TrueBlue (NYSE: TBI) announced that CEO Patrick Beharelle and CFO Derrek Gafford will present at the Sidoti Virtual Investor Conference on June 23, 2021, starting at 2:30 p.m. Eastern Time. A live webcast and replay will be accessible via TrueBlue’s Investor Relations website.
TrueBlue is a leading provider of specialized workforce solutions, connecting approximately 490,000 people with work in 2020. Its segments include PeopleReady for industrial staffing, PeopleManagement for contingent staffing, and PeopleScout for recruitment process outsourcing.
PeopleReady, a staffing leader based in Tacoma, Wash., was awarded seven 2021 Vega Digital Awards by the International Awards Associate (IAA) for its outstanding digital transformation and branding initiatives. Recognized for its JobStack® app, which won gold for best business mobile app, the company also received silver awards for best user experience and integrated mobile app. The branding refresh earned a gold award in branding, while the website redesign received a silver for best employment website and a bronze for best website redesign.
PeopleReady reports a significant rebound in part-time job availability, with around 1.2 million posts currently active, surpassing pre-pandemic levels by 23%. Approximately 309,000 part-time jobs were added in the last month alone, marking a 47% increase compared to 2020. This surge is attributed to the reopening of retailers and increased demand for positions like nannies and warehouse workers. Job seekers can find these opportunities through the JobStack app and upcoming nationwide hiring events.
The hospitality industry is experiencing a significant hiring surge as it recovers from pandemic impacts. A recent analysis by PeopleReady reveals a 58% increase in job postings year-over-year and a 28% rise compared to pre-pandemic levels in 2019, totaling around 1.3 million job openings. Key roles in demand include waitstaff, bartenders, and cooks. PeopleReady emphasizes abundant opportunities for job seekers, especially in short-term gig work, as normalcy returns with events and activities.
PeopleReady, a staffing leader, earned seven NYX MarCom Awards for its innovative work in connecting people and jobs. The awards included three Grand awards for its employee engagement campaign, website redesign, and the JobStack app, which facilitated job seekers during the pandemic. Additionally, the brand refresh focused on the Within Reach™ promise, garnered a gold award, alongside two gold and one silver awards for media relations. President Taryn Owen emphasized the importance of innovation in adapting to the changing world of work.
TrueBlue (NYSE: TBI) announced CEO Patrick Beharelle and CFO Derrek Gafford will attend the Baird Global Consumer, Technology & Services Virtual Investor Conference on June 8, 2021. TrueBlue specializes in workforce solutions, connecting around 490,000 people to jobs in 2020. Its segments include PeopleReady for on-demand staffing, PeopleManagement for contingent staffing, and PeopleScout for recruitment outsourcing. This engagement highlights TrueBlue's commitment to business growth and productivity enhancements.
As graduation season approaches, PeopleReady Skilled Trades encourages new graduates to consider careers in skilled trades due to a significant job demand. Currently, there are approximately 281,000 active job openings in the sector, with postings up 46% year-over-year and 32% compared to pre-pandemic levels. The average hourly wage stands at $22.50, equating to nearly $47,000 annually. The company emphasizes the importance of technical training and apprenticeship programs, noting that jobs in skilled trades thrived during economic downturns, providing security and competitive pay.
PeopleReady announces a partnership with two-time Indy 500 champion Takuma Sato to promote their staffing services through a new advertisement. The ad emphasizes PeopleReady's efficiency in connecting job seekers with opportunities, airing on NBC, CTV, and social media leading up to the 2021 Indianapolis 500. Sponsored by PeopleReady, Sato and teammate Graham Rahal represent the brand to millions of race fans. The company, a leader in on-demand labor, aims to showcase its capabilities and reach within blue-collar industries.
FAQ
What is the current stock price of Trueblue (TBI)?
What is the market cap of Trueblue (TBI)?
What industries does TrueBlue, Inc. serve?
What are the main segments of TrueBlue, Inc.?
How many people does TrueBlue connect to work annually?
What recent research has TrueBlue conducted?
How does PeopleReady support the hospitality industry?
What is PeopleScout's role within TrueBlue?
How does TrueBlue address the skills gap in the workforce?
What technologies does PeopleScout use for talent acquisition?
Where is TrueBlue headquartered?
How does TrueBlue's PeopleManagement segment operate?
