PEO Blog

NEW YORK (MarketWatch)—Administaff Inc., (ASF) the Houston provider of human-resources services for small and medium-sized businesses, reported on Friday that second-quarter net income fell 19% on 12% higher revenue. Net fell to $11 million, or 43 cents a share, from $13.6 million, or 50 cents, in the year-earlier period. Shares outstanding fell 6.3% to 25.8 million. Revenue reached $420.5 million from $376.8 million. Gross profit rose 7.1% to $84.1 million from $78.5 million. The year-ago figure included $3.3 million credit negotiated under a contract with UnitedHealthcare.

Excluding the credit, gross profit rose 11.8%. Operating expense for the quarter rose 14% to $68.5 million, reflecting costs of a sales-expansion program and other matters, Administaff said

NAPEO Presents it’s Line Up of Keynotes for Marketplace 2008 - The Mechanics of Innovation!

One of the most sought after authors and speakers on the circuit – Michael Treacy, the best-selling author of Double Digit Growth will be at NAPEO’s Professional Employer and Marketplace 2008 to offer PEOs an in-depth look at the 5 strategies that create sustainable growth. 

A few weeks ago I blogged about Jott.  I have since become addicted, typically I’ll find myself sending Jott’s throughout the day. 

What’s so great about Jott?  Jott allows you to text or email via voice recognition from your phone to individuals or groups that you set up on your Jott account.  It’s simple, set up an account on Jott (www.jott.com) you define individuals and/or groups that you will want to Jott, your jot account and service are FREE.  Once you have your account setup you simply call in to Jott, the system answers as asks, “Who do you want to Jott?” you respond with the name of the individual and/or group, it allows you up to a 30 second note, converts your voice to text, and either sends a text message or email, or both.  The email message actually include a link that has your voice message attached to it.

July 30 - Human resources firm Gevity HR Inc (GVHR) said it agreed to provide General Atlantic Service Co LLC with certain non-public information as it evaluates a possible strategic transaction.

The board authorized the management to initiate a formal process to seek proposals from potentially interested parties, after it received inquiries from several third parties, the company said in a statement.

Gevity HR Inc.’s board of directors has authorized the professional employer organization’s managers to enter discussions about a possible sale or other transaction for the company.

One likely suitor is General Atlantic Service Co., a company that owns a major stake in a San Francisco company called Tri-Net Group that is similar to Gevity.