Company

PsiNapse featured in Forbes Magazine - "Long-term Relationships Create 300 Percent Growth Rate for Staffing Services Provider"

Reprinted from Forbes Aug 2009 edition

Don’t tell Sylvia Luneau that the country has been in a recession since December, 2007. President and CEO of staffing services provider PsiNapse Technology Ltd., Luneau is leading her company through a period of dramatic growth, doubling the size of the company two times in just three years.

Headquartered in the Bay Area, PsiNapse places professional consultants in well-known and emerging companies in electronic entertainment, legal, technology, healthcare, and government entities. The company has grown 336.9% from FY2005 when it recorded $1.3M in sales to $5.68M in FY 2007. Revenue increased substantially in FY 2008 to $7.1M. In 2008, PsiNapse was named among the prestigious Inc. 5000 list for the first time, ranking 868 among “Fastest Growing Private Companies.” Also in 2008, PsiNapse was named #8 among “Fast 100 Companies” and the one of the “Top 100 Women Owned Businesses” by San Francisco Business Times. According to the East Bay Business Times, the company is #1 among “Fast 50 Companies,” the largest “Minority Owned Businesses”, and one of the largest “East Bay Staffing Firms”.

Luneau’s business philosophy is the catalyst behind PsiNapse’s impressive growth. “It’s all personal,” she says. “We’re not just placing a certain number of people to fill temporary vacancies; instead, we are serving managers by alleviating them from many of the stress factors they face. We’re also serving the professional men and women who have the talents and skills in demand. We match great professionals with great companies, one placement at a time.”

For managers, the benefits of Luneau’s approach are quantifiable. Turnover rates are lower when consultants are properly matched not only for skill level but also on how well their work style matches the client’s environment. PsiNapse competes successfully against other staffing providers for quality of candidates and rapid responsiveness to small and large-scale projects alike. As a result, managers waste less time looking through numerous lists of candidates. In the process of expertly managing their consultants, PsiNapse staffing managers do not unnecessarily intrude on the supervisors’ time, contacting them only when it is convenient for them. “If we can’t establish a good rapport with a consultant and don’t think we can manage him or her, we simply won’t refer that person to a hiring manager,” promises Luneau.

Managers also enjoy better productivity from consultants because of PsiNapse’s expertise in the area of employment law. As an active member of both the National Association of Computer Consultant Businesses and California Staffing Professionals, PsiNapse stays on the leading edge of issues pertaining to employee benefits, conflict resolution, sexual harassment, discrimination, and workplace issues.

For consultants, PsiNapse offers a professional home where they can pursue the type of career they desire. PsiNapse mentors individuals, providing insight into employment opportunities, strategies for workplace success and ongoing career development. The outlook continues to be strong for PsiNapse. The company’s strategic growth plan for 2009 focuses on strengthening its current customer base while preparing for national expansion. “Growth must be managed so customers and consultants experience a consistent feel,” says Luneau. “We expanded our Pleasanton offices in 2008 and will be opening new offices in several states by 2010.”w offices in several states by 2010.”