Today's Economic Climate Presents Opportunities for Workforce Development

Top Quote fOnyx Capital Advisors is poised to take advantage of key opportunities generated by today's economic climate through increased expansion into the staffing industry. End Quote
  • (1888PressRelease) January 09, 2010 - Detroit, Michigan - Onyx Capital Advisors LLC (OCA) is poised to take advantage of key opportunities generated by today's economic climate specifically in the area of staffing augmentation, workforce development, and talent recruitment.
    As companies downsize they must continue to look for greater efficiencies and flexibility in staffing.

    According to Roy Dixon, OCA Managing Member "The staffing industry, a primary area of focus for Onyx, is positioned for strong growth when the economy begins to rebound". The Onyx team believes that the areas that will experience the fastest growth will be in IT, particularly in healthcare IT, medical/nursing and in the finance and accounting sectors. In order to generate the best rate of return for its clients, Onyx is looking at acquiring companies which will allow them to expand their position in these sectors and organically grow their business through their existing partnerships.

    An economic slowdown is a key time for companies in general to streamline their business model which many will do through augmentation of their workforce (i.e. temporary staffing). Organizations should also not lose sight of the benefits to be gained through on-going training of existing employees, which is often eliminated during harsh economic times. Additionally companies must identify and implement industry best practices in order to be successful. In many cases, best practices from other key industries who have better weathered the economic downturn may provide new insights as companies look toward business growth and improvement. Furthermore, there has not been a better time for recruitment of new talent in recent years. Smart organizations will take advantage of the significant talent available in today's marketplace.

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

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