IT staffing continues to provide opportunities for business growth even in a slow economy

Roy Dixon, Onyx Capital Advisors Partner weighs in on the greatest opportunities available in the staffing market as the economy rebounds and discusses latest industry forecasts. End Quote

Detroit, MI (1888PressRelease) April 18, 2010 - As the economy rebounds, the demand for staffing services will increase significantly. Specifically, IT staffing is a strong sector for growth as we pull out of the recession. Despite trouble in most business sectors, the IT staffing market has, and will remain strong moving forward, primarily driven by significant downsizing in many businesses and an uptick in IT spending as it relates to business process improvement and cost cutting measures. According to Roy Dixon, Onyx Capital Advisors, LLC, Managing Partner, "we can expect to see on-going growth with North America IT Services based on recent industry forecasts. Spending is on track to increase to nearly $260.0 ($B) by 2013. So we will continue to focus on key business acquisitions that will allow us to strengthen our position".

The idea driving this temporary staffing trend is simple: bring in people to meet the demand for labor or expertise only when those people are needed. Companies executing this strategy are able to reduce fixed expenses by maintaining a smaller direct (or permanent) staff. When workloads increase, they are able to augment their staff with temporary, highly qualified workers.

The cost of a contingent worker is often lower than that of a full-time employee due to the elimination of benefit expenses allowing for greater efficiencies and a stronger bottom-line. The IT occupations that will remain the hottest are data management, including business intelligence, data mining and warehousing, security, web development, and healthcare IT. Erica Robertson, Partner, points out, "this is a prime time for companies to reexamine their strategy and business model to find greater cost savings and ways to bring the best talent on-board. Utilizing IT staffing services is a great way to accomplish that."

About Onyx Capital Advisors, LLC
Onyx Capital Advisors, LLC, founded by Roy Dixon Jr., is a private equity investment firm with in-depth industry knowledge and highly developed processes for growing and improving businesses. The firm's focus is on established, middle-market companies with annual revenues between $10 million and $250 million.

Onyx partner's with the executive leadership of organizations that possess superior business models and that exhibit a strong desire to build successful companies. As partners, Onyx works with the management of the portfolio companies to drive operational improvements across all areas of their businesses. Specific emphasis is placed on sales and profit growth, market share leadership, innovation, cost improvements, and other value-creating activities.

SOURCE Onyx Capital Advisors, LLC

More information about Onyx Capital Advisors, LLC is available at: www.onyxcapitaladvisors.com

Roy Dixon or Erica Robertson, Onyx Capital Advisors, 313-965-0186, rdixon ( @ ) onyxcapitaladvisors dot com, er

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