COMPANY PROFILE -Kelly Services Inc.
Business Sector :Office Staffing
Operating Geography :United States, North America, Global
About Kelly Services Inc. :
Kelly Services Inc. is an American office with its headquarters in Troy, Michigan. The business was established by William Russell Kelly in 1946. It provides temporary employees with general office skills, experience in accounting, engineering, and information technology, as well as the capacity to work in a variety of manufacturing and distribution positions. It serves a wide range of markets. In addition, Kelly Assisted Living Services offers in-home care for individuals who are incapable of living on their own due to physical limitations. Professionals with experience in biology, chemistry, geology, biochemistry, and physics are accessible from Kelly Scientific Resources, while paralegals and attorneys are obtainable through Wallace Law Registry for short- or long-term tasks. It collaborates with both local and international businesses, and it has a strong, international talent and supply network. In May 2022, Kelly Services was in discussion to transfer its Russian business to a local provider, in view of exiting from Russia due to the Ukraine conflict.
Kelly Services’ USP is that it is one of the biggest and oldest staffing assistance businesses in the country. The mission statement of the company reads, "To be the most creative, insightful, and agile talent company, committed to uniting vital talent with great organizations where, together, we thrive".
Kelly Services Inc. Revenue :
US$ 4,909.7 million - FY ending 2nd January 2022 (y-o-y growth -3%)
US$ 4,516 million - FY ending 3rd January 2021
Competitive Analysis of Kelly Services Inc.
The SWOT analysis for Kelly Services Inc. is presented below in a matrix followed by the detailed analysis report:
| Strengths | Weaknesses |
1. Highly refined focus in office staffing
2. Leader in office staffing services industry
3. Robust partnerships in Asia pacific
4. Stability in firm due to independence of management
| 1. Lawsuits against unfair employee treatment |
| Opportunities | Threats |
1. Increased demand for K-12 teaching staff during Covid
2. Upskill staff for new jobs created by technology
3. Increased demand of jobs in ICT sector
4. Institutionalizing a robust pipeline of high growth opportunities
| 1. Vertical integration by clients
2. Competition from specialized local staffing services
3. Frequent social engineering attacks for employee data
4. Purely online services are emerging to be highly competitive
|
Kelly Services Inc. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed SWOT Analysis of Kelly Services Inc.
Strength
1. Highly refined focus in office staffing: Kelly was the inventor of staffing services business model. Over the years it had started providing services to various sectors of the economy. But now it has cut down the focus on commercial, science, education, engineering, and workforce solutions. Commercial staffing talent that has been employed through Kelly Services, is involved in roles that need high skills. Thus, the segment can tap into the changing market trends. Kelly Education has been highly successful in placing the talent in the jobs. Its leading position has been strengthened by acquisition of K-12 education provider ‘Insight’. Kelly Services has acquired NextGen and GTA to grow in 5G and other telecom services. The financial results have shown that the company is already gaining due to this decision. All these decisions show that Kelly Services is gaining expertise in key sectors of the economy.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
1. Increased demand for K-12 teaching staff during Covid: Even before pandemic hit USA, Kelly Education’s survey found that only 54% of the 250,000 teacher absentees were being substituted. Kelly Education’s president has said that the shortage of teachers was due to early retirements, extended family medical leave and resignations. After the onset of Covid-19 the veteran educators preferred not to attend classes as there was a risk of Covid infection to them as well as their family members. The supply for substitute teachers is falling short of demand. It is expected that the demand will increase exponentially. Another factor responsible for this trend is that even the substitute teachers are not willing to teach during Covid. Kelly Education must come up with the right incentives to attract the substitute teachers. This new segment is one of the fastest growing segments for Kelly Services.
The remaining section under "Opportunity" is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Kelly Services Inc. is presented below in a table followed by the detailed analysis report:
| Political | Economical |
| 1. US infrastructure proposal will create numerous jobs | 1. Economic downturn led to a firing of temporary employees
2. Job seekers wait for better jobs due to unemployment insurance
3. US agencies preferring temporary employees
|
| Social | Technological |
| 1. Tendency to work as a gig worker instead of traditional employee | 1. AI and automation may reduce the need for human workforce
2. Chatbots to be used for better services to staff
|
| Legal | Environmental |
1. Abiding by increased data privacy regulations becoming challenging
2. Tax penalties make outsourcing of jobs difficult
| 1. Jobs to shift with advent of climate change control measures |
Kelly Services Inc. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of Kelly Services Inc.
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
1. Tendency to work as a gig worker instead of traditional employee: As of 2020, 36% of the American adults’ work as a free-lancer in various forms. Around 67% of the major companies are hiring gig workers for the flexibility and talent they offer. Technology has been the driver of this flexible way of work delivery. So, with the help of technology, it is expected that even the management roles can be performed by gig workers. The government regulations are expected to change as the portion of gig workers grows. This will ensure that firms provide benefits to gig workers just as they provided to regular employees. Kelly Services is mainly focused on allocating jobs to temporary staffs. They should aid the segment of gig economy to find projects. This will increase the scope of their business at minimal additional expenses.
The remaining section under "Social" is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Brands :
- Kelly Professional & Industrial
- KellyConnect
- Kelly Telecom & Digital Connectivity
- Kelly Science & Clinical
- Kelly Engineering
- Kelly Education
- Kelly Government Solutions
- KellyOCG
- Kelly International
- Teachers On Call
- NextGen
- GTA
- Ayers
Kelly Services Inc. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
You may also be interested in other analyses of Kelly Services Inc.:
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| Kelly Services Inc. Porter's Five Forces Analysis |
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| Kelly Services Inc. VRIO Analysis |
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| Kelly Services Inc. Value Chain Analysis |
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| Kelly Services Inc. Covid-19 Impact Analysis |
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| Kelly Services Inc. BCG Analysis |
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| Kelly Services Inc. Segmentation, Targeting and Positioning (STP) Analysis |
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| Kelly Services Inc. Ansoff Matrix Analysis |
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Check Out Analysis of Other Relevant Companies
References used in Kelly Services Inc. SWOT & PESTLE Analysis Report
1. Annual report - https://kellyservices.gcs-web.com/static-files/1c6d283a-da60-4af1-86e8-b39856d7c7bb
2. Kelly Settles Temps’ Class-Action Suit for $11 Million - https://workforce.com/news/kelly-settles-temps-class-action-suit-for-11-million
3. Biden says his infrastructure plan would create 19 million jobs - https://www.aljazeera.com/economy/2021/4/2/biden-says-his-infrastructure-plan-would-create-19-million-jobs
4. What's behind the US government's massive spending on temp workers - https://edition.cnn.com/2019/08/02/economy/government-jobs-report-temporary/index.html
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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Kelly Services Inc. SWOT and PESTLE analysis has been conducted by Mohit Harishchandra Deshmukh and reviewed by senior analysts from Barakaat Consulting.
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