| Business Summary | | Employee
Solutions
(ESI)
is
a
professional
employer
organization
that
specializes
in
integrated
employment
outsourcing
solutions
for
small
and
mid-sized
businesses.
As
of
December
31,
1999,
the
Company
served
approximately
1,900
client
companies
representing
34,900
worksite
employees
in
approximately
46
states.
ESI
provides
a
comprehensive
offering
of
employment-related
services
and
products,
including
payroll,
human
resources
administration,
regulatory
compliance,
risk
management/workers'
compensation,
and
benefits
programs.
The
Company
has
customers
in
more
than
12
industries,
including
transportation,
professional,
light
industrial,
real
estate,
manufacturing,
entertainment,
construction,
retail
trade,
wholesale
trade,
agriculture
and
fishing,
and
allows
each
customer
to
select
packages
best
suited
for
its
individual
needs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Employee
Solutions,
Inc.
is
a
professional
employer
organization
specializing
in
integrated
employment
outsourcing
solutions
for
small
to
medium
sized
businesses.
For
the
nine
months
ended
9/30/00,
revenues
decreased
13%
to
$544.5
million.
Net
loss
totalled
$22.8
million,
up
from
$10.3
million.
Revenues
reflect
lower
customer
attrition
current
negative
perception
of
the
Company's
financial
stability.
Higher
losses
also
reflect
higher
settlement
and
uncollectible
receivable
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Sara Dial, 36 Chairman | -- | Quentin Smith, Jr., 48 Pres,
CEO, Director | $328K | John Prince, 45 Sr.
VP, CFO and Treasurer | 170K | Lee Martin, 38 Sr.
VP of Sales and Marketing | 196K | Bill Hollis, 53 Sr.
Vice Pres - Operations | 206K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|