Barrett Business Services, Inc. (BBSI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

BBSI to support our BBSI benefits offering, added a learning management system, and added numerous integrations with third parties. We've also been investing in our technology to better support the employee lifecycle experience which is from when an employee is hired to when the employee retires and everywhere in between. We previously launched BBSI applicant tracking system, which addresses the front end of the employee lifecycle and allows for job postings, interviews, and seamless onboarding into our payroll and timekeeping systems. In January, we launched the employee file cabinet which provides a secure centralized and fully integrated digital repository. This allows our clients and their employees to confidently manage sensitive employee data and allows for manuscript or individualized curated forms with e signature capability which improves compliance and efficiency. In April, we officially launched our performance management module. This module's intuitive design will allow organizations to better align employee objectives with company expectations while tracking performance with consistency and clarity. It empowers employers to formalize performance expectations and document performance conversations through standardized review cycles, ongoing feedback, and development planning. Our beta clients were very complimentary of the overall offering as well as the ease of use of our system. We think that ultimately these products will result in increased sales and better client retention We are excited to offer these products to existing clients as well as new prospects. Next, I'd like to shift to our view of the remainder of the year. As we look to the remainder of the year, our outlook remains unchanged. We expect our clients to continue growing at a rate below h...