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More Resources. Ready to Get Started? Find a Job Take the next step in your job search. Get Jobs With JobStack. Find Workers Let us help you meet your workforce needs. Get workers now. At the heart of Labor Ready's operations was the company's network of dispatch offices, each managed by a branch manager who was assisted by several support personnel. Each office was responsible for its own sales and marketing, customer relations, accounts receivable collection, budget controls, and recruitment of day laborers, giving the company a highly decentralized structure.

Profitability hinged on the efficiency of each dispatch office and its ability to minimize workers' compensation claims. Safety classes were held to reduce injuries, while operational efficiency was honed over time as the company expanded the number of its branch offices. The characteristic that set Labor Ready apart from other competitors was the exclusive market niche it occupied. There were other companies that supplied manual laborers on a regional basis and there were temporary staffing companies that provided white collar employees nationally, but as Labor Ready embarked on a decade of prodigious expansion, there were no national companies concentrating exclusively on supplying temporary manual laborers.

Further, this market niche--the industrial segment of the temporary staffing market place--registered explosive growth during the s, expanding as Labor Ready itself expanded. Labor Ready moved headlong into this fast-growing market segment, positioning itself as the only national competitor.

The company's rapid expansion did not gather speed until the mids. By the end of , there were 51 dispatch offices, including four in Canada, but Welstad had not yet penetrated any markets in the Northeast and the Atlantic, and it maintained only a small presence in the Southeast with one branch office. To accelerate expansion, the company experimented with franchising the Labor Ready concept in , licensing one franchisee in Minnesota who eventually opened five branch offices, but the company's franchising efforts stopped there, prompting Welstad to search for an alternative method to finance expansion.

The logical alternative was an offering of stock to investors, which Labor Ready did in June Prior to the company's initial public offering IPO , it had increased the number of its branch offices to by the end of , a year during which the first Labor Ready office was established in the Northeast.

With the proceeds gained from the IPO, expansion plans became decidedly more ambitious. The company operated branch offices by the end of , including outlets in the Atlantic region for the first time, and by the end of , the total had swelled to By this point in its history, Labor Ready had developed considerable skill in opening branch offices, using a process that had become standardized over time to blanket a market and achieve predictable results.

His expansion efforts in , which included the establishment of new Labor Ready offices, produced even greater results than the company-owned branches produced in Along with the robust financial and physical growth recorded in , Labor Ready also celebrated the introduction of a new service for its day laborers during the year, a service Welstad heralded as "a wonderful recruiting tool.

The company saved money by not having to process checks and it generated revenue from the CDMs as the recipient of the transaction fee charged to the worker. By this point in the company's history, few could ignore the aggressive expansion and the impressive financial results achieved by Welstad. Welstad, well aware of the enviable position his company occupied, was intent on tightening Labor Ready's grip on markets, both large and small, nationwide.

Welstad intended to saturate every viable market in the country, an objective the company's time-tested business formula appeared capable of fulfilling. Labor Ready celebrated the beginning of its tenth anniversary by completing the most prodigious expansion in it history.

During the first four months of , the company opened new dispatch offices, nearly reaching its goal of opening offices during the first half of the year.

Toggle navigation. User Contributions: 1. Greg Miller. This company is no longer named LaborReady. The current and most accurate name is PeopleReady. How can we get this updated? Comment about this article, ask questions, or add new information about this topic: Name:.

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