SAN DIEGO, May 19 /PRNewswire-FirstCall/ -- Dalrada Financial Corporation (Pink Sheets: DFCO) is capitalizing on the multi-billion dollar Professional Employer Organization business, an industry that continues to significantly outpace growth in other sectors.
Dalrada Financial Corporation specializes in providing comprehensive Financial, Insurance, Benefit, and Business Process Outsourcing Products and Services to PEO companies nationwide. Dalrada provides staffing, payroll, benefits administration, and human resources for small and medium-sized companies. In addition to these core services, Dalrada generates additional revenue by leveraging its strategic relationships to offer a wide selection of employee retention benefit programs.
The Bureau of Labor Statistics predicts that by 2014, little over three years away, 2.5 million new jobs will be created in what it calls administrative, support, and remediation services, creating huge growth opportunities for the US staffing industry. Employment services are forecast to grow 45.5% and account for 1.5 million of those 2.5 million new jobs.
"The PEO market has experienced 20 percent annual growth in recent years. As the economy struggles, more and more small and medium-sized business are engaging PEOs to provide efficient and cost-effective comprehensive HR services. We at Dalrada Financial provide a wider array of benefits than is available to most PEO firms. Using Dalrada gives a PEO the competitive edge," CEO Brian Bonar said.
Mr. Bonar has over 10 years executive experience in the PEO industry. He holds executive positions with Smart-Tek (STTN), Allegiant Professional Business Services Inc. (APRO.pk), and AMS Oursou5rcing, a privately held business processes outsourcing company. He has also held executive positions with such companies as IBM, Adaptec, and QMS.
About Dalrada Financial Corporation
Dalrada Financial provides services to small and medium-size PEO businesses. Dalrada offers a wide selection of employee and employer benefits and aftermarket products. The company acts as a Marketing Liaison, supplying to its clients a broad variety of employee programs that increase business efficiency. These include employee benefits, risk management insurance (including workers compensation and business liability), financial management and the promotional and business management services. Information on Dalrada is available at: http://www.dalrada.com.
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
SOURCE Dalrada Financial Corporation