Seven Step Recruiting Reports 41 Percent Growth in Q2 2012
BOSTON, MA — August 23, 2012 — Seven Step Recruiting, a leading provider of recruitment process outsourcing (RPO) services, has announced continued growth in the second quarter of 2012 with 41 percent increase in quarter-over-quarter revenue. The Company also added a number of clients in the manufacturing industry, representing more than 1,000 annual hires, and expanded scope-of-work with existing clients such as Huntington Bank and ITT.
“With growth in the technology sector, recovery in the banking and mortgage sectors and the onshoring of jobs in manufacturing and call centers, we’re seeing increased hiring needs across the board,” said Greg Karr, executive vice president of Seven Step Recruiting. “More and more companies with hard-to-fill and high-volume hiring needs understand that recruitment outsourcing is an efficient and economical way to meet talent acquisition needs, and our innovation and results-driven strategy continues to drive growth at Seven Step.”
Quarter two saw increased demand for Outsourced Recruiting Services and resultant growth including:
- 41 percent increase in revenue in Q2 2012 vs. Q1 2012
- 27 percent increase in employee base, specifically to build new client teams and solidify an emphasis on candidate sourcing innovation and expertise
- Extended contract terms and scope of work in each of the Company’s three highest-volume finance and insurance clients
In addition to financial and customer growth, Seven Step welcomed Emily Gordon as Strategic Director. In this role, Emily’s responsibilities will include the strategic delivery of client services and LEAN recruiting practices. In addition, she will aid in recruiting transition management for a cross-section of new client engagements.
Seven Step RPO helps companies with high-volume, high-complexity hiring needs hire top talent through effective, streamlined and innovative sourcing and recruiting. The Company’s blended approach of traditional advanced search and social networking techniques as well as employment branding has contributed to its average time-to-fill rate of only 32 days, which is 25 percent faster than the industry standard, with nearly 97 percent of job offers being accepted.
About Seven Step Recruiting
Founded in 2007 in Boston, Massachusetts, Seven Step has quickly become a leading provider of outsourced recruitment services, helping companies meet recruitment challenges regardless of volume, scale, resource constraints, compliance issues, or logistical hurdles. Unlike other recruitment process outsourcing (RPO) firms, Seven Step has developed a proprietary team-based approach to recruitment management that is flexible, scalable, and metrics-based from beginning to end. Seven Step is consistently rated very highly in customer satisfaction. In 2011, Seven Step was named to the Midmarket Baker's Dozen of top RPO providers by HRO Today.