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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.
TrueBlue, a leader in workforce solutions, has announced the appointment of three key executives. Kristy Willis is now President of PeopleReady, bringing over 20 years of staffing industry experience, previously serving as Chief Sales and Operations Officer. Rick Betori is named President of PeopleScout, with a strong background in digital transformation and operations, having been with TrueBlue since 2011. Caroline Sabetti becomes Chief Marketing and Communications Officer, having held several senior roles within the company since 2002. These appointments come as Taryn Owen transitions to President & COO, overseeing all brands and key company functions. The leadership changes aim to enhance TrueBlue's capacity to meet evolving workforce demands.
Centerline Drivers has honored Joel Lawson as its 2022 Driver of the Year, marking the second year of this recognition under its Respect the Drive program. Lawson, a Baltimore native, boasts over 3 million safe driving miles in 20 years, with no DOT accidents. He is a military veteran and a mentor to new drivers at Standard Logistics, where he has worked for nearly 15 years. The award includes a trophy, $5000 bonus, and gear. Centerline aims to further promote the contributions of truck drivers throughout 2023. The company, part of TrueBlue (NYSE: TBI), connects over 4,500 drivers with major companies annually.
PeopleReady reports nearly 450,000 hospitality job openings in January and February 2023, with 200,000 jobs posted in the last month. This surge is driven by increased seasonal demand as businesses prepare for spring break, which is expected to be busier than pre-pandemic periods. Despite this, about 80% of hoteliers report staffing shortages, with 22% indicating severe issues. The most in-demand roles include housekeepers, waitstaff, and maintenance workers. PeopleReady offers flexible staffing solutions through its JobStack app, which helps hospitality businesses manage their workforce effectively.
According to a report by PeopleReady, U.S. job postings exceeded 49.1 million in 2022, marking a 12% increase from the previous year and a 42% rise above pre-pandemic levels. With 1.7 job openings for each job seeker, labor shortages remain a pressing issue as employers face inflation and supply chain challenges. Key sectors with notable job postings included: Business and professional services (4.2 million), Retail (4 million), and Education and health services (2 million). The report highlights trends in flexible scheduling and employee upskilling as strategies for recruitment and retention in a fluctuating labor market.
TrueBlue has announced that three of its leaders were recognized in the HRO Today 2022 HR Superstars list for their innovative contributions to the human resources industry. The executives honored include Steve Cooper (CEO), Taryn Owen (President and COO), and Carl Schweihs (President and COO of PeopleManagement). Cooper, who has a long history with the company, has led TrueBlue through significant growth. Owen, appointed in September 2022, oversees various operating segments and emphasizes a commitment to an inclusive workplace. Schweihs has introduced new technologies to improve worker experiences. TrueBlue serves 84,000 clients and connected approximately 611,000 people to work in 2022.
TrueBlue (NYSE:TBI) reported its fourth quarter and full-year results for 2022, revealing a 10% drop in Q4 revenue to $558 million from $622 million in Q4 2021. Net income per diluted share fell to $0.21 from $0.57 year-over-year. However, for the full year, revenue increased by 4% to $2.3 billion, compared to $2.2 billion in 2021. Net income per diluted share rose to $1.86, up from $1.74 in the previous year. CEO Steve Cooper highlighted effective cost management and disciplined pricing as key factors in navigating macroeconomic challenges, positioning the company to address blue-collar labor shortages and recruitment issues.
Centerline Drivers announced Raeshaun Brasfield from Tuscaloosa, Alabama, as the inaugural winner of its Drive It Forward scholarship, aimed at supporting women in the trucking industry. This scholarship provides up to $7,500 for tuition to a CDL program, honoring Sheila Castaneda, a key advocate for women in trucking within Centerline's leadership. Raeshaun, a mother of two and former traveling CNA, aspires to become a truck driver and eventually start a family trucking business. Applications for the 2023 scholarship are open until December 31, 2023, at 11:59 EST.
PeopleScout's research highlights a significant gap between candidate expectations and actual job search experiences. A survey of over 2,400 job seekers revealed that less than 20% rated their experience as 'excellent'. Technology and social media have raised expectations for seamless applications, yet many employers fall short—only one-third actively share career content on social platforms. Moreover, candidates prioritize emotional connections with organizations, but less than half of companies showcase their mission and values. The findings call for employers to enhance the candidate experience.
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