SeatonCorp reports 14% Q4 earnings growth year-over-year

SeatonCorp, a Chicago-based staffing and recruiting firm, reported that Q4 earnings increased organically 14% year-over-year, largely due to a robust portfolio of new client signings in 2008. SeatonCorp also reported year-over-year revenue growth for 2008, fueled by the solid, top-line performance of two of its core operating companies à PeopleScout and Staff Management.

SeatonCorp reported $76 million in new client signings in 2008. PeopleScout, a leading provider of end-to-end recruitment process outsourcing (RPO) and employee retention solutions, had several new multi-million dollar client wins in 2008, as well as scope expansions at a number of existing clients. Additionally, Staff Management, a pioneer in high-volume, vendor-on-premise (VOP) staffing solutions, signed and implemented more than a dozen multi-million dollar client engagements in 2008.

ÑWhile there are significant industry headwinds, the new client engagements secured by PeopleScout and Staff Management more than offset the softened hiring conditions in 2008,â said Patrick Beharelle, SeatonCorpÇs Chief Operating Officer. ÑWe remain cautiously optimistic for 2009, particularly in recruitment process outsourcing.â

Our management team did an exceptional job in managing through a very challenging market and capitalized on many significant opportunities, said Michael Miles, SeatonCorpÇs Chief Executive Officer. We are thrilled with the results.

Additionally, PeopleScout announced that two members of its executive team have been named to HRO Today MagazineÇs 2009 HRO Superstar list Karen Browne, President of PeopleScout, and Patrick Beharelle, Chief Operating Officer of parent company SeatonCorp. This is the second consecutive appearance for both Browne and Beharelle on the magazineÇs annual ÑSuperstarâ list, which recognizes HRO professionals for their leading-edge human capital management solutions and exceptional client service delivery.