Nelson Revenues Rise as Skills Gap Widens
San Francisco, California, March 9, 2015 — Nelson announced today significant growth in 2014 revenue over the year prior, stating that as companies struggle to find the talent they need, they’re turning more and more to recruiting experts for help. In Nelson’s case, 2014 revenue was up 26% over the prior year. Key drivers to this organic growth were contract staffing, direct placement, and robust sales from the Nelson Compliance and iWorkGlobal divisions, which offer independent contractor services and global payrolling.
“Organizations are facing an acute shortage of skills globally and when it comes to overcoming this shortage, there is no ‘one-size-fits-all’ approach,” said Nelson CEO Donna Farrugia. “At Nelson, we understand that every organization has its own unique requirements and we’ve been successful in fulfilling our clients’ workforce needs, even in a tight labor market, offering a wide range of services, from contract employment to direct hire, to 1099 compliance and global payrolling. The fact that our revenues continue to grow is a real representation of that success. I’m very proud of our team’s ability to meet our clients’ diverse needs.”
The Wall Street Journal in January cited 40% of survey respondents were having trouble filling jobs. In manufacturing, the number leaps to 75%. The American Staffing Association has created a skills gap index, identifying the most hard-to-fill roles. Most interesting about the index is that it includes not only high-tech but also “everyday positions” such as retail and customer service. With clients spanning the engineering sector to the wine and beverage industry, Nelson has kept sharp focus on addressing the candidate shortage at all levels for its clients.
“Globalization and automation have changed workplace needs forever,” said Nelson Board Chairman Craig S. Nelson. “The growing demand and limited supply of talent is placing immense pressure on organizations. In order to stay competitive, companies need to have an aggressive recruiting strategy while continuing to train their current workforce. Nelson has successfully partnered with organizations to help solve these challenges even in a tight labor market, as evidenced by our strong growth.”
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Founded in 1970 with locations throughout the West Coast and Southwest, Nelson was recently named one of Staffing Industry Analysts’ fastest-growing U.S. staffing and talent engagement firms. Regularly recognized by Northbay Biz as “Best Job Placement Service,” Nelson also recently received a national award from Inavero for client satisfaction, was listed as a Bay Area News Group Top Workplace, and made the list of Top 75 Bay Area Corporate Philanthropists. Nelson offers a wide variety of services, including staffing and recruiting, 1099 compliance, risk mitigation and payrolling domestically and internationally. Nelson’s recruiting specialties include: technology, engineering, accounting & finance, digital media, manufacturing, administration, legal, human resources, and wine and beverage. In all things, Nelson embraces the values of excellence, innovation, empathy, and integrity, holding itself to a high standard. To learn more about the company, visit www.nelsonjobs.com.