Company: ASGN
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000890564-25-000008
Chunk: 9

Company: ASGN Inc
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 9
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 such as digital transformation, data analytics, AI/ML, process automation, and information security. By employing a unique go-to-market strategy that leverages a single talent pool for both shorter-term assignments and long-term consulting contracts, our clients benefit from cost structure advantages, flexibility to address fluctuating demand in business, and access to greater expertise. We intend to continue to grow our diverse client base by focusing on large, stable enterprises that are quick adopters of new technologies. We will invest in our organic growth while simultaneously look to execute acquisitions of IT consulting companies that provide us with new solution capabilities, industry expertise, or government contract awards.

Candidates

We recruit candidates with backgrounds in IT and creative digital marketing who seek contract or permanent work opportunities. When we place these candidates on projects with clients, they become our employees. Many of these professionals, and those we place via subcontractors, are paid hourly wage or contract rates based on their specific skills. We pay the related costs of employment, including social security taxes, federal and state unemployment taxes, workers’ compensation insurance, and other similar costs for our employees. After achieving minimum service periods and/or hours worked, our professionals are offered access to medical and other voluntary benefit programs (e.g., dental, vision, disability) and the right to participate in our 401(k) retirement savings plan. Each professional’s employment relationship with us is terminable at will. In 2024, we employed approximately 21,300 billable professionals on a full-time-equivalent basis.

Strategy

ASGN's strategy is to be a leading provider of IT services and professional solutions to the commercial and federal government sectors. We are focused on high-value, scalable IT work for large commercial enterprise accounts and federal government customers. We have built a sizable consulting platform, with 58 percent of our 2024 consolidated revenues in a combination of commercial and federal government IT consulting work. We have grown our IT consulting revenues both organically and through acquisitions, and our goal is to continue this top line growth while also enhancing our margins. To achieve this goal, our acquisition strategy specifically focuses on IT consulting companies that add new services, contracts, and technical capabilities that support our commercial and federal government customer needs and are in high demand by our customer base.

Our strategic innovation efforts and technology investments focus on putting the best productivity tools in the hands of our recruiters, our candidates, and our clients, so that it is seamless for clients and billable professionals to work with ASGN. We position our teams to stay at the forefront of emerging trends in