Human Resource & Employment Services


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. ManpowerGroup Inc MAN10,84310,48410,61112,18514,93016,08017,56320,50021,55316,03918,86722,00620,67820,25120,76319,33019,65421,03421,99120,864
2. Robert Half International Inc RHI2,6992,4531,9051,9752,6763,3384,0144,6464,6013,0373,1753,7774,1114,2464,6955,0955,2505,2675,8006,074
3. Kelly Services, Inc KELYA4,4874,2574,3234,3254,9845,2905,6065,6685,5174,3154,9505,5515,4515,4135,5635,5185,2775,3745,4185,404
4. Insperity, Inc NSP3,7094,3738498929701,1701,3891,5701,7241,6531,7201,9762,1592,2562,3582,6042,9413,3003,8294,315
5. 51job, Inc JOBS345570851101201131562072322662952,0552,3382,8493,7404,000
6. ASGN Incorporated ASGN1951952502101942382885676184174385971,2401,6631,8602,0912,4402,6263,4003,924
7. TriNet Group, Inc TNET1,0191,6442,1942,6593,0603,2753,5033,856
8. TrueBlue, Inc TBI9779178638911,0441,2361,3491,3861,3841,0181,1491,3161,3901,6692,1742,6962,7512,5092,4992,369
9. Korn Ferry KFY5016543943383514765526898366766007768278509961,0661,3471,6221,8201,9741,977
10. Kforce Inc KFRC7956465144966618029381,0379979109911,1111,0821,1521,2171,3191,3201,3581,4181,347
11. Barrett Business Services, Inc BBSI322217109123195231259289280236273315403533636741841920941942
12. Morneau Shepell Inc MSIXF113148205315336358423444461567592625722889
13. Heidrick & Struggles International, Inc HSII594456377341398433502648645415513554465481513548601640736726
14. Tradeweb Markets Inc TW6257007107107027371,2721,4871,7601,6762,3883,2593,4183,5973,4823,645518564687778
15. GP Strategies Corporation GPX197187152169194176179248268219260333402437502490491509515595
16. Upwork Inc UPWK164203253301
17. BG Staffing, Inc BGSF0152173218254273287294
18. Staffing 360 Solutions, Inc STAF0.6546129166109193261278
19. Mastech Digital, Inc MHH11110597717289102107114123132148177194
20. DLH Holdings Corp DLHC4486501816337567567734641424954606586116133160209
21. GEE Group, Inc JOB40312018.6117.98202019.6915.2410.3911.92375247404383135165152
22. Hudson Global, Inc HSON1,2881,0651,0851,2561,4281,3731,1791,0806917959347786605814634234576794
23. The Caldwell Partners International Inc CWLPF14.9710.9110.139.48.7811.8312.2514.7216.1314.73273533324155585867700
24. ShiftPixy, Inc PIXY0.028.462035538.64
25. Dalrada Financial Corporation DFCO2.553.457.414.1913.5319.48709.870.180.871.7400.071.18
26. XCPCNL Business Services Corporation XCPL0.040.641.150.532.222.0811.77
27. ADGS Advisory, Inc ADGS0.621.7103.26.16
28. CTPartners Executive Search Inc CTPR11177118121128130173
29. Corporate Resource Services, Inc CRRSQ345680640820
30. The Staffing Group Ltd TSGL15.56004.28
31. St. Joseph, Inc STJO0.470.430.220.010


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. ManpowerGroup Inc MAN0.970.971.011.151.231.081.091.171.050.741.181.170.940.981.030.931.021.071.050.95
2. Robert Half International Inc RHI0.910.910.781.041.351.251.21.160.990.661.051.191.091.031.111.091.0311.11.05
3. Kelly Services, Inc KELYA0.950.951.0211.151.061.061.010.970.781.151.120.980.991.030.990.961.021.011
4. Insperity, Inc NSP1.181.180.191.051.091.211.191.131.10.961.041.151.091.051.051.11.131.121.161.13
5. 51job, Inc JOBS1.631.631.261.211.31.090.951.381.321.131.141.116.961.141.221.311.07
6. ASGN Incorporated ASGN111.290.840.921.231.211.971.090.671.051.362.081.341.121.121.171.081.291.15
7. TriNet Group, Inc TNET1.611.611.331.211.151.071.071.1
8. TrueBlue, Inc TBI0.940.940.941.031.171.181.091.0310.741.131.141.061.21.31.241.020.9110.95
9. Korn Ferry KFY1.311.310.60.861.041.361.161.251.210.810.891.291.071.031.171.071.261.21.121.081
10. Kforce Inc KFRC0.810.810.790.971.331.211.171.10.960.911.091.120.971.061.061.0811.031.040.95
11. Barrett Business Services, Inc BBSI0.670.670.51.121.591.191.121.120.970.841.161.151.281.321.191.161.131.091.021
12. Morneau Shepell Inc MSIXF1.31.31.391.541.071.061.181.051.041.231.041.061.161.23
13. Heidrick & Struggles International, Inc HSII0.770.770.830.91.171.091.161.290.990.641.241.080.841.031.071.071.11.071.150.99
14. Tradeweb Markets Inc TW1.121.121.0110.991.051.721.171.180.951.421.371.051.050.971.050.141.091.221.13
15. GP Strategies Corporation GPX0.950.950.821.111.150.911.021.391.080.821.191.281.211.091.150.9811.041.011.16
16. Upwork Inc UPWK1.231.231.251.19
17. BG Staffing, Inc BGSFINFINF1.141.261.171.071.051.03
18. Staffing 360 Solutions, Inc STAF70.6570.652.811.290.661.761.351.07
19. Mastech Digital, Inc MHH0.940.940.920.741.011.241.141.051.061.091.071.121.21.09
20. DLH Holdings Corp DLHC1.451.450.280.350.591.51.340.891.10.630.891.031.171.091.131.081.311.351.151.21.3
21. GEE Group, Inc JOB0.780.780.650.920.971.130.990.980.770.681.153.121.410.890.861.091.911.621.220.92
22. Hudson Global, Inc HSON0.830.831.021.161.140.960.860.920.641.151.180.830.850.880.80.911.080.151.4
23. The Caldwell Partners International Inc CWLPF0.730.730.930.930.931.351.041.21.10.911.861.280.950.971.291.311.0611.161.050
24. ShiftPixy, Inc PIXY477.73477.732.391.731.530.16
25. Dalrada Financial Corporation DFCO1.361.362.150.573.231.443.610.140.024.82.010INF16.33
26. XCPCNL Business Services Corporation XCPL15.4115.411.810.464.160.945.65
27. ADGS Advisory, Inc ADGS2.772.770INF1.93
28. CTPartners Executive Search Inc CTPR0.690.691.541.031.061.011.32
29. Corporate Resource Services, Inc CRRSQ1.971.970.941.28
30. The Staffing Group Ltd TSGL00NANINF
31. St. Joseph, Inc STJO0.910.910.50.030