Profile: Barrett Business Services Inc (BBSI.O)
22 Jul 2019
Barrett Business Services, Inc. (BBSI), incorporated on July 1, 1965, is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. BBSI's purpose is to advocate for business owners, particularly in the small and mid-sized business segment. The Company offers two categories of services: Professional Employer Services (PEO) and Staffing. As of December 31, 2016, the Company operated in 20 states and the District of Columbia through a network of 57 branch locations in California, Oregon, Utah, Washington, Idaho, Arizona, Colorado, Maryland, North Carolina, Delaware, Nevada, Pennsylvania and Virginia.
The Company enters into a client services agreement with its PEO clients to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage and certain other administrative functions for the client's existing workforce. The client maintains physical care, custody and control of their workforce, including the authority to hire and terminate employees. Its staffing services include on-demand or short-term staffing assignments, contract staffing, direct placement, and long-term or indefinite-term on-site management.
The client services agreement also provides for indemnification by the client against losses arising out of any default by the client under the agreement, including failure to comply with any employment-related, health and safety, or immigration laws or regulations. The Company has client services agreements with an array of customers, including electronics manufacturers, various light-manufacturing industries, agriculture-based companies, transportation and shipping enterprises, food processors, telecommunications companies, public utilities, general contractors in various construction-related fields and professional services firms. The Company operates a captive insurance company, Associated Insurance Company for Excess (AICE). The Company also operates Ecole Insurance Company (Ecole), which is an insurance company. Ecole provides workers' compensation coverage to the Company's employees working in Arizona, Utah and Nevada.
The Company competes with Robert Half International Inc., Kelly Services, Inc., ManpowerGroup Inc., Insperity, Inc., TriNet Group, Inc., Automatic Data Processing, Inc. and Paychex, Inc.
Barrett Business Services Inc
8100 NE Parkway Dr Ste 200
VANCOUVER WA 98662-6735