![]() As a direct result of this suit, contractors at Microsoft are currently required to take a hiatus of six months from Microsoft positions that require building and network access after eighteen months as an agency temp (previously 100 days after 12 months). This lawsuit had significant implications for the IT industry and the way that contract employees are hired. As the primary provider of temporary workforce solutions for Microsoft, Volt picked up the majority of the attention related to this event. 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. Most notably, in 2001/2002 Microsoft had significant issues regarding the employment of " permatemps". Most of the press that Volt receives is related to its close relationship with Microsoft. On Wednesday, January 26, 2011, the company was delisted from the New York Stock Exchange for failing to file its NovemForm 10-K and certain other filings. 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. In June 2007, Volt was named #2 IT Staffing Company in the US by Staffing Industry Analysts. 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. Volt Technical Resources is an American Recruitment/recruiting organization / employment agency based in New York City but with operations throughout North America.
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