59 unchanged sentences
During recessionary periods, the number of companies has decreased through consolidation, bankruptcies, or other events.
−Removed: The workforce solution industry is large and highly fragmented with approximately 25,000 competing companies, while only 251 firms exceeded $100 million in annual revenues during 2022 according to Staffing Industry Analysts (“SIA”).
−Removed: As of September 2023, SIA estimated the 2023 U.S.
−Removed: temporary service market will be an estimated $201.7 billion, which is down from an estimated $224.7 billion in 2022.
+Added: The workforce solution industry is large and highly fragmented with approximately 25,000 competing companies, while only 241 firms exceeded $100 million in annual revenues during 2023, which is down from 251 in 2022 according to Staffing Industry Analysts (“SIA”).
+Added: SIA stated the 2023 U.S.
+Added: temporary service market reported $145.2 billion, which is down from $168.8 billion in 2022.
Workforce solution providers compete both to recruit and retain a supply of field talent and to attract and retain client partners to use these workers.
99 unchanged sentences
In September 2020, we formed a diversity, equity and inclusion council called Voices Inspiring Inclusion, Belonging, and Equity (“VIIBE”), which represents broad perspectives across our organization.
−Removed: VIIBE is chaired by our Vice President of Diversity and Development.
In August 2022, we launched our first two team member resource groups:
African American/Black Employees & Allies and Working Parents and Allies.
−Removed: Later in 2023, we launched our third team member resource group, Pride and Allies.
+Added: During 2023, we launched our third team member resource group, Pride and Allies.
Our team member resource groups focus on creating a strong sense of belonging within our work culture, raising awareness about obstacles standing in the way of team member success, gaining collaborative support from allies, and driving equitable opportunities throughout the organization for all.
2 unchanged sentences
This focus will extend to our collaboration with client partners, selection of vendor partners, engagement in our communities and prioritization of overall work-life harmony.
−Removed: Our commitment to diversity, equity and inclusion does not sit with a singular individual, but with every team member at BGSF.
+Added: Our commitment to diversity, equity and inclusion does not sit with a singular individual, but with every BGSF team member.
BGSF leaders will continue to be provided additional inclusive-leadership growth opportunities, understanding the importance of mitigating biases, as an ongoing effort to shape our future talent pool selections, onboard new talent, and support future career trajectories.
−Removed: As of October 13, 2023, we employed approximately 3,523 people, of which 14% were internal team members and 86% were field talent supporting our client partners across the country.
+Added: As of August 1, 2024, we employed approximately 3,456 people, of which 13% were internal team members and 87% were field talent supporting our client partners across the country.
• Women represented 36% of all team members, and underrepresented minorities (“URMs”, defined as those who identify as Black/African American, Hispanic/Latinx, Native American/Alaska Native, Asian, Native Hawaiian/Pacific Islander and/or two or more races) represented 71% of our all of our reporting team members (8% of team members in contingent roles chose not to disclose this information);
4 unchanged sentences
In 2024, we were committed to sustainability initiatives which guided our interactions with our workforce, vendor partners, and client partners.
−Removed: Through our volunteering time off program, we had 189 individuals volunteer over 2,200 hours and donated of over $40,000 for philanthropic purposes, which emphasized our ongoing dedication to community service.
+Added: Through our volunteering time off program, we had 144 individuals volunteer over 1,400 hours and donated over $60,000 for philanthropic purposes, including volunteer hours from our first Service Week, which was spearheaded by our Employee Resource Groups (ERGs).
+Added: Our ongoing dedication to community service was also emphasized by adding an “S” for Service to our GIIFTS (Growth Integrity Innovation Fun Teamwork Service).
Focusing on impactful community events, we continued sponsorship of the State Fair of Texas’s Youth Agricultural Job Interview Contest, the Heart Walk with the American Heart Association and the Steps of Success 5K for the Transformation Life Center.
−Removed: We were involved with student development through the Junior Achievement organization and in 2023, we created the Darrell Freeman Fellowship program for graduated students in Information Technology.
−Removed: Our global investment in professional development initiatives delivered over 20,000 educational hours to 1,600 individuals, resulting in 1,000 certificates awarded and locally we supported the Blacks in Technology Foundation.
−Removed: Additionally, our Colombia team hosted The NASA International Space Apps Challenge, which engaged over 200 individuals to innovate with NASA’s open data program.
+Added: We also continued to be involved with student development through the Junior Achievement organization.
+Added: Our global investment in professional development initiatives delivered over 10,000 educational hours to 2,200 individuals.
During 2025, we will remain dedicated to sustainability, employee development, and community impact.
7 unchanged sentences
We believe learning and development are key elements to overall retention, engagement, and team member experience strategy.
−Removed: This direction is led by our Vice President of Diversity and Development.
Our strategy is designed to empower team members to reach their full potential, and we provide a wide range of development programs, opportunities, and resources needed to be successful.
1 unchanged sentence
We are committed to the organization’s overall health and providing career progression by providing individual development, readiness, and transition plans as a part of our talent review and succession planning process.
−Removed: In 2023, we had over 20,000 hours spent in upskilling the workforce, with over 1,600 going through our training programs and 1,000 certification achieved.
+Added: In 2024, we had over 10,000 hours spent in upskilling the workforce, with over 3,200 going through our training programs.
Intellectual Property
12 unchanged sentences
The information included on our website is not included as a part of, or incorporated by reference into, this Annual Report on Form 10-K.
−Removed: We will make available free of charge through our website our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after we have filed or furnished such material to the SEC.
+Added: We will make available free of charge through our website
+Added: our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after we have filed or furnished such material to the SEC.
The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC at www.sec.gov.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.