Lexicon Solutions

News & Updates

Lexicon Solutions quoted in Crain’s article

April 27th, 2016

Oregon, like Intel, looks beyond semiconductors.

 

Intel executives on Tuesday promised shareholders that they would shave 12,000 employees from the company’s global ranks, with half of that number losing their jobs by the end of the year.

“We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices,” CEO Brian Krzanich said in a statement.

Krzanich provided no details, however, of the effect that the plan might have in Oregon, where Intel reports it is the state’s largest private employer with more than 18,000 employees.

But state economists expect the impact on the job market to be muted. Oregon, like Intel, has seen diminishing returns from the legacy hardware business that rose as the timber industry fell.

“Our strength has historically been semiconductor manufacturing,” said Josh Lehner, senior economist with the Oregon Office of Economic Analysis. “But it hasn’t been a growth industry in 15 years, and we weren’t expecting it to be going forward.”

Instead, a red-hot software industry is driving growth, from 2012 to 2015 adding more than 7,000 jobs in Multnomah, Washington and Clackamas counties combined, according to the OEA. Hardware companies remain a heavyweight in terms of total number of jobs and total payroll, claiming more workers in the state than software publishers and computer system design firms combined, according to the Oregon Employment Department. But the hardware sector added fewer than 2,000 new jobs in those counties during that same time period.

“The question of whether Oregon transitions to a full-fledged software hub is an important one,” Lehner said.

Portland has been the seat of that emerging industry in the state, boasting notable homegrown companies like Puppet and also attracting out-of-state investment from companies like Salesforce. The growth has spurred a competitive environment for recruiters, called upon to nurture and import talent.

“You can’t find enough software engineers or developers,” said Scott Thompson, president of staffing firm Lexicon Solutions. “I mean, it’s a battle.”

And it’s a battle that largely leaves out workers in the business of manufacturing chips at Intel.

“Open source, mobile software and product design,” said Thomas Bivens, managing director of staffing agency 52 Limited. “The intersection of creative and digital technology. That’s where you want to be in Portland. Or the security and database side. All of that is pretty far away from Intel’s legacy business.”

Intel workers in growth sectors like wearable technologies likely will emerge from any layoffs with careers unscathed, he says. Likewise, project managers or systems engineers who worked with the semiconductor side of the business at Intel may be able to transfer their skills to the software industry.

“Those roles will be buffered from the impact,” Bivens said. But for a hardware engineer making semiconductors, “it’s a real gap from the software side.”

That doesn’t mean those workers won’t be able to find jobs at the other 148 companies that the Employment Department counts as manufacturing semiconductor and electronic components in Oregon. But John Boone, founder and president of staffing firm ProFocus Technology, said they should expect to take longer than their software peers to find new positions, and they may need to make concessions.

“All of the Intel people will find another job,” Boone said. “They’re all very employable. The technology trends are just so strong. Technology professionals are going to be able to find an opportunity. They might need to move to find a semiconductor job. But a lot of others have skills needed for jobs at other companies here in Portland.”

http://portland.crains.com/article/oregon-intel-looks-beyond-semiconductors

Lexicon Solutions Named Top Staffing Firm for Seventh Year In A Row

April 27th, 2016

PORTLAND, Ore., November 1, 2015 — Lexicon Solutions, a Portland, OR based provider of technical staffing solutions, was recognized as a Top Staffing Firm in Oregon and Southwest Washington in 2015. The list is compiled by the Portland Business Journal newspaper.

“We are honored to have received this award for the past 7 years.  It’s all based on our internal staff, and I can’t say enough good things about these guys.  We have had little-to-no attrition within our organization over the past 10 years and that is a testament to the team that we have in place.  We try to have a good time in our office while making sure that we are still doing right by our clients and keeping up with their hiring needs.  I’d like to think that we’ve struck a pretty good balance of those ideals.”  said Scott Thompson, President of Lexicon Solutions.

About Lexicon Solutions:
Lexicon Solutions is a full-service staffing firm that specializes in contract, contract-to-hire, direct placement, and payroll services. Located in Portland, OR, we are at the heart of technology in the Pacific Northwest. We have relationships with various sized organizations ranging from smaller start-ups to Fortune 500 companies. To learn more about us, please visit our website at www.lexiconsolutions.com.

Lexicon Solutions receives another Oregon Excellence Award in 2014

July 5th, 2014

PORTLAND, Ore., July 5th, 2014 – For the second year in a row, Lexicon Solutions has been selected for the Oregon Excellence Award amongst all its peers and competitors by the Small Business Institute for Excellence in Commerce (SBIEC).

Each year the SBIEC conducts business surveys and industry research to identify companies that have achieved demonstrable success in their local business environment and industry category. They are recognized as having enhanced the commitment and contribution of small businesses through service to their customers and community. Small businesses of this caliber enhance the consumer driven stature that Oregon is renowned for.

Lexicon Solutions has consistently demonstrated a high regard for upholding business ethics and company values. This recognition by SBIEC marks a significant achievement as an emerging leader within various competitors and is setting benchmarks that the industry should follow.

As part of the industry research and business surveys, various sources of information were gathered and analyzed to choose the selected companies in each category. This research is part of an exhaustive process that encapsulates a year long immersion in the business climate of Oregon.

Lexicon Solutions Named Top Staffing Firm For Fifth Straight Year

March 25th, 2014

PORTLAND, Ore., November 1, 2013 — Lexicon Solutions, a Beaverton based provider of technical staffing solutions, was recognized as a Top Staffing Firm in Oregon and Southwest Washington in 2013. The list is compiled by the Portland Business Journal newspaper and ranked by the number of internal staff members.

“To receive this award for the fifth year in a row is humbling. It’s always an honor to be recognized for the hard work that our team puts in on a daily basis. We always try to do things right by the clients who trust in us to find them the best talent, and by the candidates who trust in us to help them find a position that best matches their career ambitions. I can’t say enough good things about the team we have at Lexicon, and I’m honored to have the opportunity to work beside them on a daily basis.” said Scott Thompson, President of Lexicon Solutions.

About Lexicon Solutions:
Lexicon Solutions is a full-service staffing firm that specializes in contract, contract-to-hire, direct placement, and payroll services. Located in the Portland metro area, we are at the heart of technology in the Pacific Northwest. We have relationships with various sized organizations ranging from smaller start-ups to Fortune 500 companies. To learn more about us, please visit our website at www.lexiconsolutions.com.

Lexicon Solutions receives 2013 Oregon Excellence Award

October 25th, 2013

PORTLAND, Ore., October 25th, 2013 – Lexicon Solutions has been selected for the 2013 Oregon Excellence Award amongst all its peers and competitors by the Small Business Institute for Excellence in Commerce (SBIEC).

Each year the SBIEC conducts business surveys and industry research to identify companies that have achieved demonstrable success in their local business environment and industry category. They are recognized as having enhanced the commitment and contribution of small businesses through service to their customers and community. Small businesses of this caliber enhance the consumer driven stature that Oregon is renowned for.

Lexicon Solutions has consistently demonstrated a high regard for upholding business ethics and company values. This recognition by SBIEC marks a significant achievement as an emerging leader within various competitors and is setting benchmarks that the industry should follow.

As part of the industry research and business surveys, various sources of information were gathered and analyzed to choose the selected companies in each category. This research is part of an exhaustive process that encapsulates a year long immersion in the business climate of Oregon.

About SBIEC
The SBIEC is a leading authority on researching, evaluating and recognizing companies across a wide spectrum of industries that meet its stringent standards of excellence. It has spearheaded the idea of independent enterprise and entrepreneurial growth allowing businesses of all sizes to be recognized locally and encouraged globally.

Particular emphasis is given to meeting and exceeding industry benchmarks for customer service, product quality and ethical practices. Industry leading standards and practices have been developed and implementation of the same has been pioneered by the dedicated efforts of the business community and commerce leadership.

Lexicon Solutions Named Top Staffing Firm in 2012

August 16th, 2013

PORTLAND, Ore., December 3, 2012 — Lexicon Solutions, a Beaverton based provider of technical staffing solutions, was recognized as a Top Staffing Firm in Oregon and Southwest Washington in 2012. The list is compiled by the Portland Business Journal newspaper and ranked by the number of internal staff members.

“We are honored to be recognized as one of the top staffing firms in Oregon and Southwest Washington for the fourth year in a row. We are focused on providing our clients with the best possible candidates for their hiring needs, and we’re having a lot of fun doing it. I am truly blessed to work with such a great staff and we owe all accolades to their hard work and dedication.” said Scott Thompson, President of Lexicon Solutions.

About Lexicon Solutions:
Lexicon Solutions is a full-service staffing firm that specializes in contract, contract-to-hire, direct placement, and payroll services. Located in the Portland metro area, we are at the heart of technology in the Pacific Northwest. We have relationships with various sized organizations ranging from smaller start-ups to Fortune 500 companies. To learn more about us, please visit our website at www.lexiconsolutions.com.

Lexicon Staffing, Inc. was named as one of the 100 fastest-growing privately held companies in Oregon and Southwest Washington for the fourth year in a row.

July 13th, 2012

PORTLAND, Ore., June 21, 2012 — Lexicon Staffing, Inc., a market leader in technical staffing solutions, was recently ranked 84th overall on the list of the 100 Fastest-Growing Privately Held Companies in Oregon and Southwest Washington by the Portland Business Journal.

“To be named to this list for the fourth year in a row is a true honor.” said Scott Thompson, President of Lexicon Staffing. “We have been very fortunate to be able to grow steadily over the past several years because the economy has been tough. Our company has continued to evolve and mature over the years, and we are looking forward to additional positive strides in the coming years. I am grateful for the faith our customers have placed in us to help them with their staffing needs, and for the hard work and dedication that our internal staff has put into helping our business grow.”

The annual Top 100 Fastest-Growing Private Companies list recognizes the privately owned companies in Oregon and Southwest Washington that have demonstrated the most revenue growth over the past three years, as compiled by the Portland Business Journal newspaper. This list includes companies across all industries.

Lexicon Staffing Named Top Staffing Firm in 2011

March 5th, 2012

PORTLAND, Ore., December 2, 2011 — Lexicon Staffing, Inc., a Beaverton based provider of technical staffing solutions, was recognized as a Top Staffing Firm in Oregon and Southwest Washington in 2011. The list is compiled by the Portland Business Journal newspaper and ranked by the number of internal staff members.

“We are very happy to be recognized as one of the top staffing firms in Oregon and Southwest Washington for the third year in a row. To be on this list for three straight years is a great achievement and we’re honor to receive this recognition. Our internal staff has never been stronger and we have a great group of professionals who have helped our company grow steadily over the past 4 years.” said Scott Thompson, President of Lexicon Staffing.

About Lexicon Staffing, Inc.:
Lexicon Staffing is a full-service staffing firm that specializes in contract, contract-to-hire, direct placement, and payroll services. Located in the Portland metro area, we are at the heart of technology in the Pacific Northwest. We have relationships with various sized organizations ranging from smaller start-ups to Fortune 500 companies. To learn more about us, please visit our website at www.lexiconstaffing.com.

Lexicon Staffing, Inc. named as one of the 100 fastest-growing privately held companies in Oregon and Southwest Washington for the third year in a row.

August 10th, 2011

PORTLAND, Ore., June 23, 2011 — Lexicon Staffing, Inc., a market leader in technical staffing solutions, was recently ranked 68th overall on the list of the 100 Fastest-Growing Privately Held Companies in Oregon and Southwest Washington by the Portland Business Journal.

“We are extremely honored to be recognized as one of Oregon’s fastest-growing privately held companies for the third year in a row.” said Scott Thompson, President of Lexicon Staffing. “Growing consistently in the midst of a recession is a difficult task, but we have a fantastic group of employees at Lexicon Staffing that have stepped up to the challenge. I am honored to work alongside them.”

The annual Top 100 Fastest-Growing Private Companies list recognizes the privately owned companies in Oregon and Southwest Washington that have demonstrated the most revenue growth over the past 3 years, as compiled by the Portland Business Journal newspaper. This list includes companies in industries such as healthcare, real estate, and technology.

Lexicon Staffing Quoted In The Wall Street Journal

August 10th, 2011

Hiring Shows Growing Strength
By Conor Dougherty
2 April, 2011
The Wall Street Journal

The American job market is starting to show some muscle.

The government’s broadest snapshot of the labor market showed the U.S. created 216,000 jobs in March as the private sector added 230,000 jobs, offset in part by continued cuts by local governments.
The jobless rate, the most politically salient measure of economic health, edged down to 8.8%, its fourth consecutive monthly decline even though more Americans entered the job market. The unemployment rate has now dropped one percentage point since November.

The data suggest the recovery from the deepest recession in generations finally is translating into significant job growth, a welcome sign of momentum in the face of threats from higher oil prices and supply disruptions after the Japanese earthquake.

The news sent the Dow Jones Industrial Average up 56.99 points to 12376.72, its highest close of 2011.
“It’s a very solid report that shows the labor market gaining momentum,” said David Greenlaw, an economist with Morgan Stanley in New York. He estimated that of the one-percentage-point decline in the jobless rate over the past four months, 0.8 point was due to rising employment and the rest to a contraction in the labor force.
The jobs report showed that strong growth in business’s output and profits still isn’t translating to sustained pay increases. Hourly wages were flat in the month, while hours worked also were unchanged.

Stagnant wage growth is a concern because workers have seen more of their disposable income eaten up by higher costs for food and fuel. But it may reassure the Federal Reserve, where some have grown more outspoken about inflation fears.

Indeed, the jobs data set the stage for a shift in Fed policy. With the labor market gaining a more solid footing, a $600 billion program of Treasury bond purchases appears likely to end in June. This will effectively mean the Fed is moving from easing monetary policy to a neutral stance of no longer easing but not yet beginning to tighten policy.
The next debate inside the Fed — about when and how to raise interest rates — has only begun to take shape. A slew of officials from regional Fed banks have spoken out over the past two weeks, with several calling for a swift rise in interest rates as a means of heading off inflation. But leading decision makers at the Fed, including New York Fed President William Dudley, Vice Chairman Janet Yellen and Chairman Ben Bernanke, have either thrown cold water on the idea of a quick move to tighten or haven’t addressed the issue.

“Economic conditions have improved in the past year. Yet, the recovery is still tenuous,” Mr. Dudley said in a speech in Puerto Rico Friday.

Austan Goolsbee, chairman of the President’s Council of Economic Advisers, praised the month’s “solid employment growth” but added: “As long as millions of people are looking for jobs, there is still considerable work to do to replace the jobs lost in the downturn.”

House Speaker John Boehner (R., Ohio) said, “Any improvement in the jobs picture is welcome news for the country, but Washington needs to do more to end the uncertainty plaguing job creators.”

Even with Friday’s robust report, the U.S. has 13.5 million unemployed people, and the percentage of them who are long-term unemployed — meaning they have been out of work six months or more — grew to 45.5% from 43.9% in February. If monthly job growth continued along last month’s trajectory, it would take eight years for the unemployment rate to return to its pre-recession level of around 5%.

The public sector remained a weak point, as local governments shed 15,000 jobs last month in an effort to close budget gaps. But many other sectors showed strong growth. Professional and business services gained 78,000 jobs. Factories added 17,000 jobs, while health care added 37,000. Over the past 12 months, health care has added an average of 24,000 jobs a month.

The government also revised upward job figures for the two previous months, indicating the economy added 7,000 more jobs than previously thought.

The positive news on jobs comes amid worries about the pace of the recovery. Some forecasters recently downgraded their estimates for growth in the first quarter, blaming weaker-than-expected consumer spending amid higher prices for food and energy.

J.P. Morgan Chase economists last month lowered their estimate of first-quarter growth in gross domestic product to an annualized 2.5% pace from 3.5%, citing weaker-than-expected economic data.

A separate report Friday emphasized manufacturing’s strength. The Institute for Supply Management said its gauge of factory activity, which is based on a survey of purchasing managers, slipped slightly to 61.2 in March from 61.4 the month before. Readings above 50 indicate expansion.

Scott Thompson, President of Lexicon Staffing in Beaverton, Ore., has seen evidence of employers’ new willingness to add jobs. For the past year, Mr. Thompson’s staffing agency has filled mostly temporary-job vacancies. Over the past few months, he has seen employers shift toward hiring far more permanent workers. Full-time hires represent about 40% of his worker placements now, compared with 10% a year ago.

“That says to me that budgets are loosening up,” he said.

Matt Goff, a 39-year-old computer-network engineer, recently used Lexicon to switch jobs. Mr. Goff, who got his new job last Monday, had been looking for a new position for months, in part because his last employer had been cutting staff, raising employee contributions for health-care benefits and cutting back perks such as paying for training courses.

“When I started looking, there were times when you would [go online] and see no new jobs in my field for days on end,” he said. “Now I see usually anywhere between three and five new jobs in a day.”

His new job comes with a 10% pay cut, but he says his take-home pay is likely to go up because his health insurance will cost less.