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February 8, 2001 |
Differentiation
What separates you from the competition? Read today's Electronic Recruiting News.
Productivity and Costs
The Bureau of Labor Statistics reported preliminary productivity data, as measured by output per hour of all persons, for the fourth quarter and for the full year 2000.
In the fourth quarter, productivity advanced 3.2 percent in the business sector as output rose 1.2 percent and hours worked dropped 2.0 percent. In the nonfarm business sector, productivity rose 2.4 percent as output increased 1.2 percent and hours fell 1.1 percent.
When the annual average for 2000 was compared with the annual average for 1999, productivity increased 4.3 percent in the business sector and nonfarm business sector, and a 1.4- and 1.3-percent rise in hours, respectively.
Reveille
Hire Right, provider of Web-based preemployment screening services, closed $13 million in equity financing. Institutional investors include Mellon Ventures and St. Paul Venture Capital. Individual investors include two PeopleSoft executives, David Duffield, founding CEO and current Chairman, and Peggy Taylor, previous senior vice president of corporate operations.
Exult will license and use Deploy's workforce planning, hiring, deployment, and retention technology as part of its integrated offering of Web-enabled HR services.
Manhattan-based Referrals.com has dropped the dot.com from its name, and is now known as Referral Networks, Inc. The company reports that all its products and services will remain as is.
Is That Passive Aggressive Job Seekers?
According to a new survey conducted for Career Builder, of the nearly 1,500 survey participants, 4 out of 10 will seek out new job opportunities in 2001. 54 percent were married, 28 percent single; 57 percent had no children (under age 18); and 53 percent are between the ages of 21 and 35. The results were interpreted to identify a new breed of worker - the silent job seeker, one who is constantly on the lookout for new opportunities.
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