Volt Technical Resources is an American

employment agency An employment agency is an organization which matches employers to employees. In developed countries, there are multiple private businesses which act as employment agencies and a publicly funded employment agency. Public employment agencies One ...

based in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

but with operations throughout North America. Volt Technical Resources is a business unit of Volt Workforce Solutions, a subsidiary of Volt Information Sciences (currently trading over-the-counter as VISI.) While Volt is best known for temporary, technical staffing services they also provide direct (Full Time) placement services. In June 2007, Volt was named #2 IT Staffing Company in the US by Staffing Industry Analysts. According to Staffing Industry Analysts, on January 11, 2013, the Securities and Exchange Commission announced it filed suit against Volt CFO Jack Egan, in a scheme to allegedly overstate revenue and mislead auditors. On January 26, 2011, the company was delisted from the New York Stock Exchange for failing to file its November 1, 2009 Form 10-K and certain other filings.

History

In 1951, Volt Information Sciences started as a tech doc company in

. William Shaw and Jerome Shaw created tech manuals for the

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for the

Korean War The Korean War (25 June 1950 – 27 July 1953) was an armed conflict on the Korean Peninsula fought between North Korea (Democratic People's Republic of Korea; DPRK) and South Korea (Republic of Korea; ROK) and their allies. North Korea was s ...

, for items such as maintenance and operation of equipment, creating pictures and tracking parts. In 1957, the organization was incorporated as Volt Technical Corporation. The conglomerate prospered after the war, growing revenue from over US$ 988,000 in 1957 to more than US$7 million in 1961. Net income increased from close to US$20 000 to over US$366 000 during the same time frame. In 1966, the organization started a computer programming school at its headquarters in New York. In 2022, Vega Consulting bought Volt Information Sciences.

Microsoft and Volt relationship

Most of the press that Volt receives is related to its close relationship with

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

. Most notably, in 2001/2002

had significant issues regarding the employment of "

permatemp Permatemp is a United States term for a temporary employee who works for an extended period for a single staffing client. The word is a portmanteau of the words '' permanent'' and ''temporary''. It can also describe a semi-permanent structure or ...

s". Their practice of hiring temporary employees through third-party agencies and then failing to convert them to full-time employees within a reasonable amount of time resulted in a class-action lawsuit against Microsoft and a subsequent settlement.

Controversies

In 2006, James Curry pursued legal action against Volt Information Sciences stating that from 2005 to 2006 he participated in actions protected by Sarbanes-Oxley Act and that Volt retaliated by enforcing their new rule limiting working from home and ending Curry's tenure in June 2006. In 2010, the

United States Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agencies of the United States government, independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its ...

accused Volt Information Sciences of misstating over US$7 million in software income and revenue. The company settled the suit without denying nor admitting liability and was not required to pay. (subscription required)

References

Employment agencies of the United States {{US-company-stub