Illinois Operations

by Kirk Ladu 9. December 2011 04:49

Recently Parallel Employment Group downsized their operations in Illinois. This decision was made due to the rising cost of workers’ compensation and unemployment with industrial positions in this state. These operations contributed a small portion of payroll while accounting for almost 90% of workers compensation losses.  For the last four years, our Company has experienced this type of disparity. We believe that even with new legislation it will not have the desired effect of offsetting the cost of this type of business in Illinois. Parallel will continue to focus on Professional and Educational recruiting in Illinois as our Worker’s Compensation losses in those fields have remained low.  Our employees have been placed with another agency and we worked with each client to provide a smooth transition. Parallel has always been and will remain a growth-oriented company; ultimately, we believe this decision will help us continue to grow in markets where we remain very profitable.

If you would like to learn more about Parallel Employment Group, please view the website, Facebook page, or Twitter feed.

Tags:

Economy | Employment

Kirk Ladu Kirk Ladu
Executive Vice President, Parallel Employment Group

Kirk has been with Parallel Employment Group since 1993. He started in sales and was promoted to various management positions. His current position is that of Executive Vice President.

Comments

2/22/2012 6:04:25 AM #

After residing in IL. for 25 years this does not suprise one bit.
More instances like these and the state will bankrupt.
I think it has something to do with work ethic.
Thank You

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More instances like these and the state will bankrupt.
I think it has something to do with work ethic.

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