Thank am and an that to for thank had you, capping we pleased quarter, strong a fourth report equally the call. strong good and off afternoon, joining everyone, year. I you
and results exceeded the financial are future. Our our we expectations, for optimistic
from continue execute clients. new employees record and our of long-term short- number objectives, We worksite to a and we added
of the and speak I financial operational would like our key about Before some accomplishments recap performance, year. for to strategic the I
us white-collar new the we BBSI additional set up we multi-year X/X/'XX difficult seeing our new We an time markets. had a and that that strategic a Of penetrating. We success of are season. great are a entered with successfully benefits in previously clients, in for servicing one verticals every selling selling partnership into carrier
been of WSE the and resulting sales are velocity sales strategic have initiatives the record adds. a in top greater Our resulting funnel, operationalized at in
are referring proposition more and partners We appreciate business that referral our BBSI. understand have to and value more
to to continue invest model in and and expanded asset-light momentum. continue have gain our successfully geographies We into new
We resulted releases in exciting XXXX, executing and releases continue XXXX. our in product are and multiple on stack, we which to in in myBBSI new invest tech product in
service initiative further Work Place Great advancements designation year on evaluate for fourth also the provide. I we survey clients the confidence our XX. and pleased to great row. to Net in that Every employer-of-choice Score customer us clients This satisfaction, am report value our in made of and to the Promoter increased we five earned and We gives solutions needs to conduct on the a our our and place year, a points
a Our great to was our clients teams spread accomplished. are year what XXXX illustrated about rate in BBSI. our they for am is of retention results, the willing do, and year. we and I ready This further word client and the record with proud love great what
Moving financial results our to employees. and worksite
quarter, XX% greater billings expected. the is the which quarter, prior-year During gross we over our than increased
from increase We sales we new full a for of the client top achieved number the to strategies employees and during funnel, various and record to worksite execute continue quarter adds fourth the of year.
work refer set net year. clients result retention that full attribute I'd in from year-over-year The X,XXX the worksite we like the client to quarter fourth efforts is growth approximately our all clients. provide. added our of I Our and teams our value these controllable as to that or record our both new what employees and and exceeded the a the to do expectations we with
we our trends anticipate net quarter
To worksite and these quarter, and clients' was we as for remained grow hiring. We retained summarize XXXX.
our sold While our the more our clients' from workforce continue growth the sequentially business year-over-year. X.X% and in historical averages, benefited and modestly will in hiring grew our to below clients' continued employees up by fourth
the our X%, average driven grew growth WSEs. by in X.X% gross billings year, For
staffing our operations. to Moving
Our Please our staffing previous grow business compared recruitment X% year that business by of and higher business the declined year. business. our note our as to year, for our over PEO significantly in staffing are decline rate has the slowed X% for the of a XXXX to commands staffing forecasting quarter offering prior share and the in we modestly the higher-value clients
placed the to our continue strategy execute quarter. PEO XXX we recruit and fact, in our to for In clients applicants
the updates. field operational to Moving
entrance are pleased markets new We model. with very our asset-light into with our
have consistency. stages folks We have of was XX been and total big new managers development. traction a various their January in These gaining development market month.
new over markets, and talent In new of ceremonies clients, branches ribbon-cutting by end to XXX the we second having anticipate support hired Our MDMs local our the quarter. the three of we the added for WSEs. additional brick-and-mortar
and We markets new positive continue to of new see actively investments market results are in development additional managers. our recruiting
sale offering. off X,XXX our service insurance BBSI on and health Regarding clients Benefits, plans recap, than various year to XXX more continue the on participants. with we To product of new with updates, our we total started the execute
on to total more XX,XXX say I various January, that in plans have pleased end exceeded have Our the our than am book plan we participants. to we our the plan. of was double XX with and approximately XXX At months, clients
our financial in attractiveness of Kaiser in with momentum the and a with strong product HMO side-by-side added our to carried HMO Kaiser our We year that best-in-class I'm of pleased this very to QX a national As saw midyear. due PPO into we offering California. and teams, Permanente reminder, with their results. partnered our QX progress,
scale. now this we benefit the and XXXX, to through reap forward profit us, a leverage of look product for center is we As
blue-collar diverse proposition and are small in large and in resonates and well, success with we white industries with clients state operate and distribution Our we every having value channel. a
better. to been the clients mentioned our XXXX previously tech in have service IT we our to and Next, I'd product to our objectives. stack product like support shift that investing I on side
couple to integrate parties. years, and systems third learning in additional to benefits last with we've investments myBBSI offering, additional our made management the BBSI of Over support
As We a employee experience. think employee we retires will the round be client and when cycle employee the an perspective and to from investments XXXX, look out to employee when from life between. in making everywhere of evolve to cycle forward we additional hired is the life
seamlessly allows attributes new applicant life to or will replacing additional with and cycle will timekeeping in press then We they create our and efficiencies. of product help of create multiple clients our This with centralized with release our the launch systems. we integrates bolstering postings interview from tracking process organization job a various cutting-edge the Monday, manage when our first issued be launches year, clients
On the with our the payroll for third-party This throughout boards. system our are year.
system. system, hired, tool integrate can for which Clients job and employees BBSI product
candidates don't our is we who are This is You our With also has product offering, may have we hires ask, for our clients for for per Simply in now? much designed why the hiring. clients by our who support which benefits clients replace is and month. asking those multiple utilized employer not that seeing clients or clients are This it. BBSI white-collar are product hard-to-place PEO velocity and put, doing does will we recruiting, larger help are this businesses. more seeing
we about on execute We in XXXX. are excited launches our launch product future this as and roadmap the
systems XXXX investments better that his launch will in making are and our create and support to discuss prepared AI Anthony employees We that in remarks. in will efficiencies also
would like XXXX. Next, view my I to to shift of
XXXX, adding the by of clients. new hiring to have consistently have focusing our in especially we we clients by trends and improvements hiring on XXXX. and We in achieved expect needs continue growth also in QX, seen strong client controllable Furthermore, these in
service benefits this one We of our become competencies. been has have of on core sale executing the and BBSI and
out, have to selling, We rolling more and recommending more sell, more partners IT folks enhancements product BBSI. referral products
are going execute our on also We efficiencies increase results. to and initiatives financial our increase IT our additional will that
We have XXXX. plan, looking clients taking of our I've to been forward and of for a to and a culture executing care
going call to to I'm over his remarks. the Anthony turn for Now prepared
