When Select Staffing's newly hired consultant submitted his 50-page report in 2001, showing how the outsourcing firm could employ risk management to overcome the fact that it had overshot its workers' compensation loss projection by $20 million, he was told by the CEO at the time: "Sounds like you're trying to build an empire. We're not that big of a company."
Seven years later, with 400,000 employees on call and about 130,000 on assignment each week via 300 branches across the United States, Select pitches itself as the country's largest privately held staffing company, and the sixth-biggest overall, rising from $180 million in revenue in 2001 to a projected $1.7 billion this year.
Yet the firm might not have survived had its former consultant, Fred O. Pach?n, not gone on to build a risk management "empire," with workers' comp loss control and safety as its core principles.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
