Stocks

Navigating the Staffing Industry Downturn: Spotlight on KELYA and RCMT Stocks

Published September 3, 2024

The manufacturing sector has been experiencing an economic downturn, which has inevitably impacted the staffing industry. Despite these challenges, a few firms within the Zacks Staffing Firms industry persevere with the potential to lead the market. Notably, two such companies that are standing out are Kelly Services, Inc. KELYA and RCM Technologies, Inc. RCMT. These firms are leveraging their robust service activities, adjusting to the increased inclination towards remote work, and embracing technological advancements to strengthen their positions in the industry.

Kelly Services, Inc. KELYA - A Workforce Solutions Pioneer

KELYA, with its headquarters situated in Troy, Michigan, is a prominent provider of workforce solutions across a myriad of industries. The company has been adept at navigating the current industry woes by tapping into its expansive network and diverse service offerings. KELYA's ability to connect skilled professionals with the right opportunities, even in a tightening market, speaks to its resilience and strategic foresight.

RCM Technologies, Inc. RCMT - Harnessing Business and Technology Solutions

Based in Pennsauken, New Jersey, RCMT delivers comprehensive business and technology solutions within the United States, Canada, Puerto Rico, and Serbia. RCMT is distinguishing itself by focusing on innovative solutions that cater to complex business needs. Its ability to integrate technology seamlessly into its service provision places RCMT in an advantageous position to not just survive but thrive in the currently turbulent staffing industry.

The growth trajectory for KELYA and RCMT is supported by several industry trends. The acceleration of remote work options and the reliance on technology for efficient staffing processes provide these companies with the edge they need. Investors may find that despite the broader industry woes, these stocks have a resilient business model and growth strategies suited for weathering economic uncertainties.

KELYA, RCMT, Staffing