Volt Technical Resources

Volt Technical Resources (usually referred to as simply Volt) is a large 3rd-party recruiting organization / employment agency based in New York City but with operations throughout the United States. Volt Technical Resources is a subsidiary of Volt Information Sciences (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=VOL VOL] ) and accounted for 54.9% of its net sales during Volt's 2006 fiscal year. [2006 Volt Annual Report, http://www.volt.com/investor/annual_reports.cfm] While Volt is best known for temporary, technical staffing services they also provide direct (Full Time) placement services. [Volt Webpage, http://www.volt.com] In June 2007, Volt was named #2 IT Staffing Company in the US by Staffing Industry Analysts [Staffing Industry Analysts Top IT Companies, http://www.staffingindustry.com/ME2/Audiences/dirmod.asp?sid=D657A977717E4533A248A3E41F0FC33A&nm=Corprate+Member+Topics&type=MultiPublishing&mod=PublishingTitles&mid=6EECC0FE471F4CA995CE2A3E9A8E4207&tier=4&id=C7BF9E397F4E4AA2857A92B686D26422&AudId=FBA2E5858A014D71832408B4CE135CB6] .

Competitors

Primary Competitors [Hoovers Database, http://www.hoovers.com/volt-information/--ID__15089--/free-co-factsheet.xhtml] Include:
* Excell Data Services
* Kelly Services
* Adecco
* Manpower

Microsoft and Volt Relationship

Most of the press that Volt receives is related to its close relationship with Microsoft. Most notably, in 2001/2002 Microsoft had significant issues regarding the employment of "permatemps". [ITWorld News Report, http://www.itworld.com/Career/1731/IW010108calist/] Their practice of hiring temporary employees through 3rd party agencies and then failing to convert them to Full Time Employees within a reasonable amount of time resulted in a class-action lawsuit being filed against Microsoft and a subsequent settlement. [Official Vizcaino v. Microsoft Web Page, http://www.ms-permatemp.com/] As the primary provider of temporary workforce solutions for Microsoft, Volt picked up the majority of the attention related to this event. This lawsuit has had drastic implications for the IT industry and the way that contract employees are hired. [Volt Blog, http://www.voltinsider.com] [Orange Badges, http://www.orangebadges.com/]

References