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PEO Specialist Group On LInkedIn

Sunday August 03, 2008

Do you use LinkedIn?  Are you part of the PEO Industry? 

Be part of the PEO Specialists Group on LinkedIn.  The PEO Specialists Group on LinkedIn is designed for PEO Owners, Managers, Employee’s or Vendors that specialize in products and/or services for the PEO Industry.

ProService Hawaii names chief financial officer

Saturday August 02, 2008

Honolulu employment services firm ProService Hawaii has named Glenn Roberts its new chief financial officer.

Roberts, who is a certified management accountant, previously was vice president of finance at Markettools, a San Francisco market research and technology company.

What is a PEO?

Saturday August 02, 2008

Professional employer organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers’ compensation. PEO clients focus on their core competencies to maintain and grow their bottom line.

Businesses today need help managing increasingly complex employee related matters such as health benefits, workers’ compensation claims, payroll, payroll tax compliance, and unemployment insurance claims. They contract with a PEO to assume these responsibilities and provide expertise in human resources management. This allows the PEO client to concentrate on the operational and revenue-producing side of its operations.

ADP posts 20 percent increase in 4th-quarter profit

Friday August 01, 2008

ROSELAND, New Jersey— Automatic Data Processing, Inc. (NYSE:ADP) reported 12.5% revenue growth to $8.78 billion for the fiscal year ended June 30, 2008, Gary C. Butler, president and chief executive officer, announced July 31st, 2008. Revenue growth benefited 2% from favorable foreign exchange rates during the year. Excluding the current and prior year gains noted above, diluted earnings per share from continuing operations grew 21% from $1.80 to $2.18.

Administaff 2nd-quarter net off 19%, revenue up 12%

Friday August 01, 2008

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

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