Kelly Services® Invests in Business Talent Group®, Unlocking the Next-Gen Gig Economy and Underscoring Rising Demand f...
26 Settembre 2018 - 1:30PM
Kelly Services® (Nasdaq: KELYA, KELYB), a global leader in
providing workforce solutions, today announced it has made an
equity investment in Business Talent Group® (BTG), the leading
marketplace for on-demand consultants, experts, and
executives. The investment establishes a relationship that
promises to unleash the potential of the next generation of the
“gig economy” for the benefit of top companies and skilled
talent. As the lead investor in BTG’s Series C funding,
Kelly Services will hold a minority stake in BTG; other terms of
the investment were not disclosed.
The investment underscores the rising demand for highly skilled
independent talent, a growing segment of the gig economy. McKinsey
predicts a global shortfall of 35 – 40 million high-skill workers
by 2020, with only 7% of senior managers indicating that they will
have enough talent—and the right talent—within their organizations
to pursue their most promising opportunities. BTG’s unique
model blends proprietary technology and talent data with a
dedicated in-house team to select and deliver the right specialized
independent talent to the Fortune 1000—a critical area of focus for
both companies. By delivering curated, vetted and legally compliant
talent and by advising firms on how to launch their own on-demand
talent programs, BTG leads the market in helping companies
integrate high-end independent talent into their business strategy,
planning and execution. Kelly’s investment in BTG creates a new
synergy in assisting companies to build agile workforces and access
hard-to-find skills; it also enables Kelly’s overall specialty
strategy.
Jody Greenstone Miller, Business Talent Group’s Chief Executive
Officer and Co-Founder, stated, “With a workforce solution leader
like Kelly backing our vision to make on-demand independent talent
a seamless and ubiquitous resource for every company, BTG further
solidifies its place at the forefront of the next-gen gig economy.
BTG has already enabled nearly half of the Fortune 100
to access this network to work smarter, faster, and more
flexibly. Working with Kelly Services, as well as other partners,
will dramatically expedite our efforts to bring those benefits to
leading companies.”
With Kelly’s investment, BTG will accelerate the development and
growth of its enterprise-wide on-demand talent offerings and its
proprietary technology platform. The Kelly-BTG relationship is also
aimed at expanding client access to the strong pool of independent
professionals, adding specialty skills and expertise to
organizations while educating clients on how to leverage emerging
talent models.
“BTG has emerged as a leader in the field and shares Kelly’s
passion for empowering the future of independent work,” said George
Corona, President and Chief Executive Officer of Kelly
Services. “Companies need the experienced talent to compete
and win in the market, but they’re faced with a new world of work
where the old talent models aren’t effective anymore. By providing
insight and expertise to help companies navigate the new world of
work, BTG and Kelly will bring top talent to organizations.
We are committed to transforming the world of work as we did when
we founded the staffing industry 72 years ago.”
“Companies adapting to the new world of work know they need to
understand how skilled talent actually want to work if they are to
compete successfully in their specific
marketplaces,” said Teresa Carroll, Executive Vice President
of Kelly Services. “This made BTG a natural fit for Kelly, as they
have pioneered new ways to connect highly skilled independent
talent to top global companies. As we take on a greater advisory
role with our customers and help them rewrite their scripts on
talent strategy, we are excited to invest in BTG to expand the type
of specialty talent our clients can access. With specialty talent
increasingly choosing to work independently, Kelly remains
committed in helping organizations tap into this talent pool, as
does BTG.”
Amelia Tyagi, Co-founder and President of BTG said, “Kelly
Services’ vote of confidence in BTG highlights our leadership in
facilitating the rise of the independent professional—made possible
by the mix of market dynamism, technological advances, and human
aspiration that drives every innovation. In
particular, talented people are going independent because they
can choose what to work on and with whom to work. Through this
relationship, leading companies will benefit from independent
professionals who are experts at the top of their game and are
eager to apply their skills to the most challenging and important
business issues.”
Kelly and BTG will benefit from the respective expertise
each brings to this relationship, even as both firms continue to
operate independently and build strong bonds with multiple partners
throughout the entire workforce ecosystem.
About Business Talent
Group Business Talent Group (BTG) is the
leading marketplace that connects independent management
consultants, subject matter experts, and executives with top
companies to solve their biggest business problems. BTG provides
just the right on-demand talent needed—on-site or remote, part-time
or full-time, individuals or teams, anywhere in the world. More
than 40% of the F100 trust BTG to curate, vet, and deliver legally
compliant talent that fuels growth, innovation, and performance
improvement. BTG’s commitment to project success has earned the
company a 99% fill rate on all talent requests and a 97% repeat
rate among top global companies. For more information,
visit www.businesstalentgroup.com and join the conversation
on Twitter and LinkedIn.
About Kelly Services As a global leader
in providing workforce solutions, Kelly Services, Inc. (Nasdaq:
KELYA) (Nasdaq: KELYB) and its subsidiaries, connects people to
work across a comprehensive array of outsourcing and consulting
services as well as world-class staffing on a temporary,
temporary-to-hire, and direct-hire basis. Kelly® directly employs
nearly 500,000 people around the world in addition to having a role
in connecting thousands more with work through its global network
of talent suppliers and strategic partners. Revenue in 2017 was
$5.4 billion. For more information, visit www.kellyservices.com.
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Media
Contacts: Nyssa Kourakos NK
Communications 646-805-2032 nyssa@nkstrategies.com
Jane Stehney Kelly
Services 248-574-9800 stehnja@kellyservices.com @JaneStehney
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