Fastest Growing Companies

Ottawa’s Fastest Growing Companies: NewFound Recruiting eyes public sector expansion

May 23, 2019

Editor's Note

Each year, OBJ recognizes the region’s rapidly growing firms with its Fastest Growing Companies awards. The aim is to honour the city’s top performers for substantial, sustainable and profitable growth. Recipients are ranked by their three-year revenue growth. They must have had revenues of at least $100,000 in the first of those three years under consideration. Revenues must have risen to at least $500,000 in their most recent fiscal year. The companies will be profiled online in the coming days and recognized at a cocktail reception on May 23 at Kanata co-working space Head Office Ottawa. Click here for info.

What do you do when you are told to find 180 qualified consultants in a month? That’s exactly the situation that Ottawa placement firm NewFound Recruiting faced last August.

According to company managing partner Steve Stanley, the key is to stay calm and have a plan.

“We had a number of on-site meetings and sat down as a team to organize our plan of action,” he says. “We understand how frequent communication and having a clear plan contribute to problem management and the successful execution of projects.”

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Needless to say, the client’s needs were met, and it was hardly the first time NewFound had demonstrated its ability to tackle high-pressure situations. Finding the right placement for job-seekers comes down to working with their strengths, and NewFound turns that approach inward to harness the potential of its own employees.

“Each staff member leans on their strengths to allow us to succeed as a team,” Stanley explains. “We have an internal committee designated to develop strategy and solve issues both proactively and as they arise. They lean on more than 30 years of combined experience in the industry.”

The company – which was named one of OBJ’s fastest-growing companies in 2014 as well – has achieved impressive growth since its inception in 2011 to become one of Ottawa’s leading staffing firms.

Year founded: 2011

Local headcount: 22

Three-year revenue growth: 109.39%

2019 ranking: #9

Specializing in information technology, finance and administration for small and large organizations, NewFound recognizes the need to branch out and diversify its client pool. Comfortable with its foothold in the private sector, the company has its sights set on tapping into the region’s largest employer.

“We are now focusing on growing our government division,” Stanley says, adding the firm has placed more than 250 consultants involved in multimillion-dollar public-sector projects over the past six months.