While most executive recruitment firms in Tulsa saw declines in the numbers of recruiters on staff in their Tulsa offices during the last year, some have shown growth due to specialized approaches and expansion in market.
GDH Consulting Inc., 4200 E. Skelly Drive, Ste. 650, moved to the top of the Tulsa Business Journal’s ranking of the Largest Recruiting/Staffing Firms with a 40.6-percent increase in the number of recruiters in the Tulsa office. The firm added 13 recruiters for a total of 45 in Tulsa.
GDH Consulting also received national recognition for growth, ranking No. 29 on a national list of fastest-growing staffing companies for 2009 and No. 2,441 on the Inc. magazine list of fastest growing companies for 2009.
Staffing Industry Analysts, a trade publication, compiled the list of fastest-growing staffing companies in the U.S. based on an average of the company’s percentage of revenue increases each year from 2004 through 2008. GDH Consulting reported 2008 revenue of $26.6 million and average annual growth of 37.7 percent for the five-year period. GDH was also on the list for 2007 and 2008.
Founded in Tulsa in 2001, GDH Consulting is an information technology, finance and accounting staffing firm, servicing commercial and government clients.
GDH Consulting also made the Inc. 5,000 list in 2005 and 2006. Its 2009 ranking was based on the company’s growth rate of 123.9 percent between 2005 and 2008. The growth was determined using revenues of $11.9 million in 2005 compared to $26.6 million in 2008.
J.J. Hurley, CEO of GDH Consulting, attributed his firm’s growth to the strength of its specialty fields of information technology and finance and accounting and to its Tulsa-based National Recruiting Center.
“Although the market has been very difficult, in our specialties of IT and finance and accounting there are still needs and demands,” Hurley said. “Even though organizations may be downsizing nationally, even though they may be cutting back on budgets, there are still mission critical inwvaid. And, the firm’s focus on the NRC, which serves clients with national searches, has contributed.
“These recruiters work on positions all over the country,” he said. ”They are experienced recruiters that are focusing on filling those positions, and that is why we have grown so quickly.”
Expanding Into OKC
While the number of recruiters in Accounting Principals’ Tulsa office has remained stable at 12 for the past year, the firm this year made a strategic move into the Oklahoma City market, basing four recruiters there, said Kimberly Nation, managing director of the Oklahoma offices.
Accounting Principals, with Tulsa offices at 2431 E. 61st St., Ste. 312, is part of a national group based in Jacksonville, Fla., with 40 offices nationwide.
“We have a very strong initiative to grow our accounting and finance branding nationwide,” Nation said. “We started doing some analysis on the Oklahoma City market and realized it was definitely a growth oriented market and a market we wanted to be in.”
The Oklahoma City office opened in January.
Nation said, while the firm now sees companies stabilizing during the downturn, managing the bottom line and being cautious in hiring, “accounting and finance will always be an area where companies have to hire.”
“We definitely noticed that they are trying to maximize current staff as much as possible, but at the end of the day, unlike some areas where you have the ability to not do a computer upgrade or not buy a new piece of fixed assets, in accounting you are going to have to meet the compliance items and the regular ongoing business agenda that is required on the market,” she said. ?