HireQuest Inc. Market Research Report
Company Overview
Name: HireQuest Inc.
Mission: HireQuest seeks to positively impact local communities by improving the way work is found and conducted. Their mission started three decades ago with a simple goal: to enhance temporary staffing.
Founded: 1991
Founders: Dan McAnnar and Rick Hermanns
Key People:
- Rick Hermanns, President and Chief Executive Officer
- John McAnnar, Chief Legal Officer and Vice President
- Steve G. Crane, Chief Financial Officer
- Cory Smith, Chief Accounting Officer
- Joseph Gianzanti, Chief Information Officer
- David Gerstner, Vice President of Operations
- Tim Neilson, Vice President of Snelling Staffing
- Nancy Halverson, Vice President of MRINetwork
- Matt Wilkerson, Director of National Accounts
- David Hartley, Vice President of Corporate Development
- Monica Reese, Director of Human Resources
Headquarters: 111 Springhall Drive, Goose Creek, SC 29445
Number of Employees: No information is available.
Revenue: $605 million in 2023 sales
Known For: HireQuest Inc. is recognized as a leading provider of temporary workforce hiring and professional recruiting solutions across the United States. They operate more than 440 franchised locations across 47 states, including Washington, D.C. Their brands include HireQuest Direct, Snelling, TradeCorp, MRINetwork, HireQuest Health, DriverQuest, HireQuest, SearchPath Global, and VETSQuest.
Products
Products Offered:
1. Staffing Solutions
- Temporary staffing across various industries including construction, light industrial, healthcare, hospitality, CDL/non-CDL, and disaster restoration.
- Recruitment for professional roles such as admin/clerical, management, and executive positions.
High-Level Description and Key Features:
- HireQuest Inc. provides staffing services to suit various industry needs through a franchise business model, utilizing a proprietary software platform for efficiency and improved service delivery.
- They offer flexible workforce solutions, allowing businesses to scale on-demand.
- The company leverages innovation in technology to streamline recruitment processes and enhance service delivery.
Recent Developments
Recent Initiatives:
- Expansion through Acquisitions:
- 2021, March: Acquired Snelling Staffing and LINK Staffing, acquiring assets that increased their footprint to 214 offices in 36 states and DC.
- December 2022: Acquired MRINetwork, doubling the size of their franchise locations worldwide.
- Introduction of New Services:
- June 2021: Launched DriverQuest, expanding into CDL and non-CDL workforce solutions.
- October 2021: Acquired Recruit Media to enhance recruitment capabilities using AI and multimedia.
- Corporate Developments:
- 2019, July: Merged with Command Center, a Denver-based staffing entity, nearly doubling their organizational size.
- 2019, December: Became a publicly traded company listed on Nasdaq with the symbol HQI.
Technological Enhancements:
- Continuously upgrading their proprietary software designed specifically for franchisees in staffing and recruiting, ensuring improved efficiency, security, and customer service.
Partnerships and Alliances:
- 2017: Established a strategic investment and advisory relationship with Dock Square Capital, collaborating on business growth strategies.
No new products or features were explicitly mentioned in recent updates. Also, specific information about other partnerships was not provided in the data available.
This report aims to deliver a comprehensive view of HireQuest Inc.'s current standing in the market while highlighting its strategic directions and innovations in the staffing industry.
