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Business Link -- May 2001
Administaff Added to Fortune 500
Administaff, Inc. (NYSE: ASF), the nation's
leading Professional Employer Organization (PEO), today announced
it is included on the Fortune 500 list of America's largest
corporations. The company was ranked number 448, moving up
from a Fortune 1000 ranking of 615 last year.
"This is a terrific milestone for
Administaff and a great way to celebrate 15 years in business,"
said Paul J. Sarvadi, Administaff president and chief executive
officer. "Our rapid growth demonstrates how increasingly
valuable our services are to an expanding number of small
and medium-sized businesses across the country."
Fortune also ranked the top 500 companies
in various performance and industry categories. Administaff
was among the top 20 companies in all three listings that
benchmark the "most bang for the buck," including:
- number two in revenues per dollar of
assets,
- number 10 in revenues per dollar of
equity, and
- number 16 in revenues per employee.
Only three other companies in the
Fortune 500 made all three listings in the "most bang
for the buck" rankings. Administaff also ranked in the
top five companies in the "Diversified Outsourcing Services"
industry category.
According to Fortune, the methodology used for the Fortune
500 rankings has always been the same. "The criterion
for membership in this elite club remained constant: revenues,
revenues, revenues," reported the magazine. "In
these turbulent times, we all need a little constancy."
The Fortune 500 list will be published
in the April 16, 2001, issue. For additional information about
the Fortune 500, log on to www.fortune.com.
With 2000 revenues of $3.7 billion,
Administaff is a leading personnel management company that
serves as a full-service human resources department for small
and medium-sized businesses throughout the United States.
In addition to the Fortune 500 list, the company is included
on Fortune's list of "America's Most Admired Companies,"
the Forbes Platinum 400 list of the best big companies in
America and the InformationWeek 500 list of leading information
technology innovators.
Administaff's Personnel Management
System includes employment administration, benefits management,
government compliance, recruiting and selection, employer
liability management, training and development, performance
management and owner support. These core services are complemented
by an eBusiness strategy that includes Administaff Assistant
®, an eService platform that provides clients
and worksite employees with information and resources to help
maximize the benefit of their Administaff services; and bizzport
SM, an eCommerce portal that features value-added
products and services from best-of-class providers such as
American Express, Aon Enterprise, AT&T, Bank One, Best
Upon Request, Continental Airlines, CorporateGifts.com, Dell,
Forrester Research, FTD.COM, IBM, Lexmark, MovingStation,
Spiegel, Virtual Growth and Works.com.
Administaff has 33 sales offices
in 17 major markets. For additional information, visit the
company's Web site at www.administaff.com.
Reprinted with permission
from Business Link, May 2001.
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